CIMA Operational level case study
Details About CIMA Operational level case study: Each level within the CIMA Professional Qualification is tested by a three hour case study exam. You must pass all three objective tests (or receive exemptions for them) within a level before you can take a case study exam. Once you have passed the case study exam you can start studying the next level. The case study exams combine your knowledge and learning across the three pillars at each level.
- The operational case study exam consolidates what you have learnt when studying for P1, E1 and F1.
- You will be expected to use the knowledge and skills that you have learnt at the operational level to solve problems that a management accountant, at this level, might face in the workplace.
- This also applies to the management and strategic case study exams.
The case study exam is set to mirror a real business environment. It simulates what management accountants do in the workplace. The case relates to a fictionalised organisation, based on real business or industry. Passing the case study exam will demonstrate that you can apply the technical, business, people and leadership skills from the learning outcomes in the three subjects at a particular level in a business context. We test a variety of skills in the case study exams including research and analysis, how to present information and communication skills.
There is no new syllabus content for the case study exams. You just need to remember what you’ve learned from the three objective tests within the level. You have already demonstrated your competency in the technical content and theory for the three subjects at the level by completing the objective tests. The case study aims to test the application of this knowledge in real life business scenario and, in so doing, tests the higher level skills of application, analysis and evaluation. Introduction to THE case study exams Knowledge required for the case study exams If you have been exempted from one or more subjects at a level please make sure that there are no gaps in your knowledge by looking at the full syllabus for the subject(s) you were exempt from. For information about changes to the syllabus please see the Transition Guides.
Details About CIMA Operational level case study : Details on CIMA Operational level Marketing: History and Services
Details About CIMA Operational level case study: 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. CIMA is also a member of the International Federation of Accountants.
CIMA operates a standard scheme of qualifying examinations for prospective members. It promotes local education, training and management development operations, and new techniques through its research foundation and the dissemination of management accounting practices through publications and other media related activities. CIMA has been active in recent educational and vocational initiatives in former Eastern bloc countries. It publishes a monthly journal, supplied free to members and registered students, called ‘Financial Management’.
CIMA is recognised as a professional accounting body for various statutory purposes by UK and various overseas governments. The institute regulates the activities of its members by a code of practice, a discipline committee and (a recent innovation) a continuing education scheme. Its governing body is its council, comprising members elected from regional branches. Each of the branches has a committee and is responsible for much of the ‘grass roots’ activity. Activity such as qualification development is undertaken from the London head office.
The CIMA Global Business Challenge, an annual international business and strategic management competition for undergraduates around the world, is designed to bring out the best in the young business leaders of tomorrow.
In July 2009, CIMA added an online community – CIMAsphere – to its website. The community consisted of a range of blogs, discussion boards, groups, community answers, expert Q&A sessions and some social networking features for members, students and the general public. This has since been shut down. Members are instead encouraged to join the CIMA LinkedIn group, and students are directed to CIMAconnect, an online study support portal.
In 2011, CIMA entered into a joint venture with the American Institute of Certified Public Accountants (AICPA) to launch a global management accounting designation called the Chartered Global Management Accountant (CGMA).In the Americas outside the U.S., non-U.S. CPAs can obtain the new designation as an AICPA International Associate, after a rigorous assessment process. In the rest of the world, new designation holders are able to become members of CIMA after the same assessment process.
CIMA is proactive to tie up with American CPA because of the current convergence trend between US-GAAP and IFRS, reinforced following the merger of the iconic New York Stock Exchange with Germany’s Deutsche Boerse AG. “It remains to be seen whether companies listed in a combined exchange would be required to report under IFRS, US GAAP or both, but as the US appears to be moving towards IFRS adoption it is more likely the international standards would be the accounting rules of choice”.
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