CIMA A rewarding career in Business Nicola Davis

CIMA
A rewarding career in
Business
Nicola Davis
Faculty Manager of Professional Qulaifications, Birmingham
[email protected]
BPP PROFESSIONAL EDUCATION
Overview
•
• Who are CIMA?
• The Syllabus and the Exams
• Practical experience requirements
• Key dates and Costs
•Are you ready for CIMA?
•Contacts
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“99% of CIMA members and students work in
business and not in accountancy practices.”
www.cimaglobal.com
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About CIMA
Professional body
Chartered Institute of Management Accountants
International
Over 85,000 students and 65,000 members
156 countries
Practical, relevant qualification
Study and work experience
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About CIMA
Why choose CIMA?
The qualification is not about number-crunching,
it provides a fundamental understanding of all
aspects of business.
If offers a wide range of management skills to
guarantee you develop an excellent
understanding of facts and figures critical to
business success.
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About CIMA
Huge earning potential!
A recent international salary survey by an
independent researcher showed that the
average salary for CIMA qualified finance
professionals is £55,645, with potential for your
salary to rise to £100k +
Source: Based on research undertaken by CIMA and Redshift Research, both are
Market Research Society Company Partners.
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The CIMA Framework
CIMA Professional
Development
CIMA Chartered
Management
Accounting
Qualification
Your AAT qualification
gives you an EXEMPTION
from this level of CIMA
CIMA Certificate
in Business
Accounting
www.cimaglobal.com/aatexemptions
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CIMA’s Qualifications
CIMA Certificate in Business Accounting
C01 Fundamentals of Management Accounting
C02 Fundamentals of Financial Accounting
C03 Fundamentals of Business Mathematics
C04 Fundamentals of Business Economics
C05 Ethics, Corporate Governance & Business Law
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The CIMA Framework
CIMA Professional
Development
CIMA Chartered
Management
Accounting
Qualification
CIMA Certificate in
Business
Accounting
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Syllabus Structure
TOPCIMA
Part A –
Experience Record
Part B – Case
Study Exam
STRATEGIC
Enterprise
Performance
Financial
E3 - Enterprise
Strategy
P3 - Performance
Strategy
F3 - Financial
Strategy
MANAGEMENT LEVEL
E2 - Enterprise
Management
P2 –
Performance
Management
F2 – Financial
Management
OPERATIONAL LEVEL
E1 – Enterprise
Operations
P1 –
Performance
Operations
F1 – Financial
Operations
CERTIFICATE LEVEL
C01 - FMA
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C02 - FFA
C03 - FBM
C04 - FBE
C05 - FBLW
CIMA EXAMS
Which order should I take the exams?
— Operational and Management level papers can be sat in any order however we
recommend the following:
— Two papers per sitting (18 months)
— E1 with F1
or
-E1 with P1
— P1 with F2
-F1 with P2
— P2 and E2
-F2 and E2
— Three papers per sitting (12 months)
— E1, F1 and P1
— E2, F2 and P2
— Strategic level- E3, F3, and P3 MUST be attempted together initially
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Practical experience
• At least 3 years’ relevant experience
(you are ahead with your AAT experience!)
• Prior to, during and after studying
• Record of Skills Development
- Personal skills
- Interpersonal skills
- Organisational skills
On 18 Sept 2012 CIMA are running a free evening
presentation on this at BPP
www.cimaglobal.com/per123
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Costs
CIMA students pay:
•One-time registration fee
(from 1 July 2010 this is free for new students!)
•Annual subscription fee
•Fees for each exam or exemption
If it takes you 3 years to complete CIMA and you
pass all exams on your first attempt, it will cost
around £1,200
AAT Full membership Discount
The AAT offers a reduction of over 50% on your AAT
full membership while you are studying CIMA
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CIMA Contact
CIMA Contact Centre
26 Chapter Street
London SW1P 4NP
United Kingdom
T: +44 (0)20 8849 2251
F: +44 (0)20 8849 2450
E: [email protected]
www.cimaglobal.com/aatcontact
www.cimaglobal.com/aatgateway
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Nicola Davis
Faculty Manager- Professional Qualifications,
Birmingham
T: 0121 237 3803
E: [email protected]
www.bpp.com
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AAT – ACA FAST TRACK
How to become a Chartered Accountant
Lorraine Hayes
ICAEW Course co-ordinator
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EDUCATION
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Introduction
 ICAEW - Institute of Chartered Accountants in
England and Wales
 ACA - Associate Chartered Accountant
 Degree not necessary!
 AAT Level 4 Diploma gives good understanding of
accounting principles
 Fast track to ACA
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Elements of the ACA qualification
 Training agreement with authorised training
employer
 Exams – 2 Levels: Professional & Advanced
 Technical work experience – 450 days
 Structured training in ethics
 Initial professional development
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Exams
— Professional stage
Knowledge level (CBA)

Accounts

Assurance

Business and Finance

Management Information

Law

Principles of taxation
Application level:
Exam sittings in Mar, Jun, Sept and Dec
•Audit & Assurance
•Financial Reporting
•Taxation
•Business Strategy
•Financial Management
•Financial Accounting
— Advanced Stage: Exam sittings in July and Nov
Technical integration papers

Business Reporting

Business Change
Case study exam
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Credits for Prior Learning (knowledge level)
Accounts, Business & Finance, Management Information
— Credits for completing level 4 diploma
Assurance
— Credit for completing External Auditing at level 4 diploma
Principles of Tax
— Credit for completing BOTH Personal and Business Tax at
level 4 diploma
Financial Accounting
— Can sit a top-up paper if completed level 4 diploma
More information go to www.icaew.com/cpl
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Next Steps...
— ICAEW brochure AAT-ACA fast track
— ICAEW website
— www.icaew.com
— Sign up for AAT2ACA newsletter via website
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