Have you completed the CIMA Certificate in Business Accounting course, AAT Level 4 qualification, or do you already have experience in accounting? If so, the CIMA Professional qualification is the next logical step towards earning your CIMA CGMA status.
If you’re interested in working in a Business Accounting or Management Accounting environment, this globally recognised qualification will be highly beneficial for you.
Work towards your CIMA qualification today.
Once you have completed your CIMA Professional journey, you will gain full Chartered Management Accountant status and gain the designatory letters CGMA. This will allow you to apply for jobs such as a Management Consultant (£60k+) or Finance Manager (£50k+). With some experience, you will be able to progress your career to roles such as a Finance Director (£75K+), Chief Finance Officer (£100K+) and CEO (£130k+).
CIMA is both the largest and leading professional body of management accountants. They provide the most useful accounting qualification if you’re looking for an accounting career in business, to help individuals and businesses succeed through the full power of Management Accounting.
CIMA benefits include:
*Source - CIMA
**Source - 2019 Association of International Certified Professional Accountants Salary Survey
There are three subject areas in the CIMA Professional – Operational Level:
E1 - Managing Finance in a digital world
Learn the central role finance plays within an organisation and why and how technologies used can impact the finance function.
Understand how to examine and use data collected and processed, to create and preserve value for companies.
Discover how the finance function is shaped and structured, as well as how it interacts with different sections of the organisation, to achieve organisation-wide objectives.
P1 - Management Accounting
Learn what costing is used for and how it is done.
Discover how budgets are prepared and implemented throughout an organisation, and the impact it has on a business.
Understand essential techniques used to ensure effective short-term decision making, using risk management tools.
F1 - Finance Reporting
Learn who the regulators are and what they do, as well as why and how these regulations are applied.
Discover how to prepare financial statements using correct reporting standards. Discover the tools used to ensure an organisation has enough cash to continue with its regular operation.
Understand how to calculate corporation tax and learn how to distinguish between different types of taxes.
E1 Managing Finance in a digital world
A. Role of the finance function
B. Technology in a digital world
C. Data and information in a digital world
D. Shape and structure of the finance function
E. Finance interacting with the organisation
P1 Management Accounting
A. Cost Accounting for decision and control
B. Budgeting and budgetary control
C. Short term commercial decision making
D. Risk and uncertainty in the short term
F1 Finance Reporting
A. Regulatory environment of financial reporting
B. Financial statements
C. Principles of taxation
D. Managing cash and working capital
The CIMA exams cover two testing styles: Objective Test and Case Study exam.
The Operational Level has a 90-minute, computer-based Objective Test.
Objective Tests include a range of number entry questions, short multiple-choice questions, drag and drop questions, and more. They will test all component learning outcomes you have covered within this course.
This test is computer-graded, and you will receive a provisional grade of pass or fail immediately. Official results will be sent out within 48 hours.
Your exam can be taken at any Pearson Vue Test Centre around the world, with a choice of 5,000 centres.
The Operational Level will conclude with a Case Study Examination, which integrates the skills, techniques and knowledge, gained across the three subjects covered. These Case Study Exams are available four times a year: Feb, May, Aug & Nov.
The role simulated in this Case Study is that of an entry level Finance Professional. You will be provided with a simulated context, allowing you to demonstrate you have acquired the necessary knowledge, techniques and mindset for that role.
These Case Study exams are human marked, and you will receive your results five weeks after the close of the Case Study window on your MY CIMA account.
There are CIMA exemptions for those who have accounting experience, completed AAT level 4 or who have already completed some CIMA training, so speak to an advisor today to discuss your specific requirement in more detail.
As you progress through your CIMA qualification journey you will gain the following designatory letters:
Once you have successfully completed the BA1, BA2, BA3 and BA4 exams, you will gain the designatory letters CIMA Cert BA.
Professional Qualification - Operational Level
After completing the tests and Case Study exam, you will receive the CIMA Diploma in Management Accounting and will gain the designatory letters CIMA Dip MA.
After completing the tests and Case Study exam, you will receive the CIMA Advanced Diploma in Management Accounting and will gain the designatory letters CIMA Adv Dip MA.
On completion of the Strategic level tests and Case Study exam, you will be eligible to submit your practical experience for assessment.
The practical experience requirement (PER) is an essential part of the CIMA Qualification and CIMA’s application process. It complements assessments and demonstrates your ability to apply knowledge and skills in the context of your professional experience.
Your PER application will be assessed to determine whether you have gained sufficient experience to be awarded Associate membership – giving you the Associate Chartered Management Accountant (ACMA) and Chartered Global Management Accountant (CGMA) designations.
In order to become a Chartered Global Management Accountant (CGMA), you require a minimum of three years verified relevant work-based practical experience.