1. education

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
BPP PROFESSIONAL EDUCATION
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.
BPP PROFESSIONAL EDUCATION
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
BPP PROFESSIONAL EDUCATION
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
BPP PROFESSIONAL EDUCATION
The CIMA Framework
CIMA Professional
Development
CIMA Chartered
Management
Accounting
Qualification
CIMA Certificate in
Business
Accounting
BPP PROFESSIONAL EDUCATION
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
BPP PROFESSIONAL EDUCATION
Nicola Davis
Faculty Manager- Professional Qualifications,
Birmingham
T: 0121 237 3803
E: [email protected]
www.bpp.com
BPP PROFESSIONAL EDUCATION
AAT – ACA FAST TRACK
How to become a Chartered Accountant
Lorraine Hayes
ICAEW Course co-ordinator
BPP PROFESSIONAL
EDUCATION
BPP PROFESSIONAL
EDUCATION
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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