Have you heard of CIMA and wondered whether you should study it or not?
Well, let us help you make an informed decision!
Firstly, CIMA stands for The Chartered Institute of Management Accountants and it’s a professional body that represents individuals who work in the field of management accounting. The CIMA’s mission is to promote the study and development of the technical aspects of management accounting and to represent the interests of its members in the broader field of management accounting.
One of the main reasons to study with CIMA is that it offers a globally recognised and respected professional qualification in management accounting! The qualification is designed to provide individuals with the knowledge and skills needed to succeed in a career in management accounting, including financial management, performance management, risk management, and governance.
Did you know… CIMA is also highly sought after by employers in a variety of industries, including finance, consulting, and business – so having this qualification will help set you apart!
Another key benefit of studying with CIMA is that it provides access to a network of professionals who work in the field of management accounting. This can be incredibly valuable for those who are just starting out in their careers, as it allows them to connect with others who have experience and knowledge in the field! Members will have access to a wide range of resources and tools that can help them to stay informed about the latest developments in management accounting.
The CIMA qualification is divided into three levels: the operational level, the management level, and the strategic level.
The operational level focuses on the day-to-day responsibilities of management accountants, including financial accounting, budgeting, and cost management.
The management level builds on the operational level, focusing on performance management and risk management.
The strategic level is the highest level of the qualification, focusing on governance and strategic management.
All the levels are designed to be flexible and accessible, making it possible for people to study while they are working. The qualifications can be studied part-time, full-time, or via distance learning, which makes it possible for people to fit their studies around their existing commitments.
In addition to the qualifications and training opportunities offered by CIMA, the organisation also provides its members with a range of benefits and services. These include access to a members’ area on CIMA’s website, which provides members with access to a wide range of resources and tools, as well as the ability to connect with other members through online forums and discussion groups. They also provide its members with access to a range of insurance and other benefits, which can help to protect them both professionally and personally.
Obtaining a CIMA qualification can open a variety of career opportunities, from financial management and control to strategic planning and decision making. It demonstrates to employers that an individual has the knowledge, skills, and experience to succeed in a management accounting role.
Let’s quickly summarise all of the above! The Chartered Institute of Management Accountants (CIMA) is a professional body that represents individuals who work in the field of management accounting. The organisation offers a globally recognised and respected professional qualification in management accounting, which provides individuals with the knowledge and skills needed to succeed in a career in management accounting. CIMA also provides its members with access to a network of professionals who work in the field of management accounting and a range of resources and tools to stay informed about the latest developments in management accounting.
Obtaining a CIMA qualification can open a variety of career opportunities and demonstrate to employers that an individual has the knowledge, skills, and experience to succeed in a management accounting role. Additionally, CIMA’s global reach can provide even more opportunities for career development and advancement.
