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Cost of CIMA Management accountant gateway route

Cost of CIMA Management accountant gateway route

Cost of CIMA Management accountant gateway route

The Chartered Institute of Management Accountants (CIMA) is a UK based professional body offering training and qualification in management accountancy and related subjects. It is focused on accountants working in industry, and provides ongoing support and training for members.

CIMA is one of the professional associations for accountants in the UK and Ireland. Its particular emphasis is on developing the management accounting profession. CIMA is the largest management accounting body in the world with more than 227,000 members and students in 179 countries.[1] CIMA is also a member of the International Federation of Accountants.

Cost of CIMA Management accountant gateway route

How much does it cost?

There are two different options for the Master’s gateway:

Master’s gateway assessment only – GBP425

  • Registration with CIMA
  • The first year’s subscriptions fees
  • One attempt at the exam (valid for two years)
  • All 11 exemptions from certificate, operational and management level exams after successfully passing the CIMA Gateway Exam

Master’s gateway package – GBP725

  • Registration with CIMA
  • The first year’s subscriptions fees
  • One attempt at the exam  (valid for two years)
  • All 11 exemptions from certificate, operational and management level exams after successfully passing the CIMA Gateway Exam
  • CIMAstudy.com online study modules for E2, P2 and F2 + the management case study module*.

Cost of CIMA Management accountant gateway route

How does it work?

Eligible individuals are required to take the CIMA Gateway Exam (also known as the Management Level Case Study exam for those who are not on the accelerated route). The CIMA Gateway Exam:

  • is a three hour long computer based case study exam
  • is based on pre-seen material which is released on CIMAconnect six weeks before the exam (it is your responsibility to access and familiarise yourself with this material before the exam)
  • is available in four windows a year (refer to the exam timetable for more information)
  • will assesses knowledge and competencies covered in the Management level of the CIMA Professional Qualification

Once you have passed the CIMA Gateway Exam, you will be granted 11 exemptions that include subjects from the certificate level, operational and management level exams, allowing you to progress straight to the strategic level of the CIMA Professional Qualification.

Cost of CIMA Management accountant gateway route

Fundamental level

This requires a basic understanding of the business structures, operations and financial performance and includes responsibility for implementing and achieving results through own actions rather than through others.

  • Introduced at CIMA Certificate in Business Accounting (2017 syllabus)
  • Applies to Operational level of the CIMA Professional Qualification

Intermediate level 

This requires a moderate understanding of the business operations and measurements including responsibility for monitoring the implementation of strategy. This has limited or informal responsibility for colleagues/and or needs to consider broader approaches or consequences.

Applies to Management level of the CIMA Professional Qualification.

Advanced level

This required strong understanding of the organisations environment, current strategic position and direction, with strong analytical skills and the ability to advise on strategic options for the business.  This includes formal responsibility for colleagues and their actions, and that that their decisions have a wider impact.

Applies to Strategic level of the CIMA Professional Qualification.

Expert level

This requires expert knowledge to develop strategic vision and provide unique insight to the overall direction and success of the organisation.  This level requires formal responsibility for business areas and actions and decisions taken at this level have a high level of strategic impact.

Those operating at Expert level are likely to be CGMAs in very senior roles and would be keeping their skills up to date through CPD.

Cost of CIMA Management accountant gateway route

A framework for success

We carried out comprehensive research with finance professionals and employers around the world to develop the CGMA Competency Framework. Our research revealed that while producing good accounting information is essential, today’s and tomorrow’s finance professionals need to be able to apply financial disciplines in managing a business. Having the technical skills relevant to each area is not enough. These skills have to be integrated and applied in the context of an organisation’s business, with finance professionals working alongside or leading others from different departments.

In addition to accounting and analytical skills, finance professionals must also have an understanding of the organisation, its business model, its strategic context and its competitive position. They also need the people and leadership skills necessary to ensure that they apply their expertise effectively, whether it be in the form of supplying management with accounts, information, analysis or insights.

The CGMA Competency Framework is very much the engine of change that has helped us to understand the knowledge and skills the business world needs from business and finance professionals.

As a result, both the CIMA Certificate in Business Accountingand CIMA Professional Qualification are underpinned by the framework, allowing CIMA to assess students’ skills and knowledge as they progress through the qualification, while allowing CIMA students and members to demonstrate their employability and the breadth of skills and knowledge gained to employers.

After completing the CIMA Professional Qualification, as a requirement of membership, students will need to submit their practical experience for assessment. Successful applications will result in the awarding of CIMA membership and the CGMA designation and demonstrate that they have successfully developed skills and knowledge, defined by the framework and applied in their professional lives.

The framework then becomes a powerful tool for members to use in identifying any gaps in their technical, business, personal and leadership skills. Through CPD, members are then able to select the most appropriate activities to address these gaps.

Cost of CIMA Management accountant gateway route

Recommended read 

Cost of CIMA Management accountant gateway route

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