In today's rapidly evolving professional world, choosing a career path can be overwhelming, given the multitude of options available. While accounting and finance careers once predominantly revolved around pursuing Chartered Accountancy, the landscape has significantly transformed. Each course now presents unique attributes, including course content, delivery methods, and market value. One noteworthy alternative to explore is CIMA (Chartered Institute of Management Accountants), which grants you the globally recognized and valued designation of CGMA (Chartered Global Management Accountant) upon successful completion.
GETTING TO KNOW MORE ABOUT CIMA
CIMA is a four-level course comprising a total of 16 exams. The certificate level is waived for individuals with a bachelor's degree, with the real journey commencing at the operational level. It's essential to grasp the fundamental concept behind CIMA.
Consider your school days when mathematics was a recurring subject, but its complexity increased each year with the introduction of new concepts. CIMA follows a similar structure. It consists of three vertical pillars, each divided into four horizontal levels. Each pillar represents a key area of Business and Finance. While the core subject remains constant within each pillar, the difficulty level progressively intensifies. For instance, one of the pillars, the Enterprise Pillar, covers enterprise management. At the operational level, you study it from an operational perspective; in the management level, it's from a middle management viewpoint, and finally, at the strategic level, you approach it strategically. This mirrors a professional's career journey – starting as an operational employee, advancing to middle management, and ultimately reaching a strategic position. CIMA guides you through these stages. Additionally, CIMA assessments include not only objective exams but also subjective case studies, where you tackle hypothetical business challenges using your knowledge and pre-read materials, graded according to your organizational position (operational, management, or strategic).
EVALUATION OF CASE STUDIES
Upon completing all exams, candidates must apply for PER (Practical Experience Requirement), which mandates 36 months of work experience. Your PER is assessed like a case study, considering the same four parameters.
CIMA places a strong emphasis on not just academic rigor but also on essential soft skills required for professional success. This unique aspect of the course sets CIMA apart. The program focuses on building employable individuals capable of analyzing situations and solving problems from day one. The syllabus remains highly adaptive and up-to-date, recognizing the growing role of IT in businesses and emphasizing technological awareness. Furthermore, CIMA provides ongoing webinars and events to keep students and members informed about industry developments.
THE CIMA STRUCTURE
CIMA exams are on-demand, conducted at Pearson VUE centers widely available in major cities. Booking exam slots is typically hassle-free, allowing you to pace your course according to your needs. Exams comprise objective tests and case studies, with the latter available for scheduling only after clearing all objective exams for a specific level. Case study exams are held four times a year, providing flexibility in choosing exam dates. CIMA also offers exam exemptions based on other qualifications.
CIMA is a comprehensive course that caters to modern professional needs. It doesn't focus solely on academics but also emphasizes practicality. The institute, exam structures, and guidelines are student-friendly and built on ethical foundations. CIMA is undoubtedly worth considering if you seek a unique and practical course.
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