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CIMA

CIMA stands for Chartered Institute of Management Accountants. CIMA is a professional body of management accountants recognized across the globe. The head office CIMA is in London, United Kingdom. The national offices of CIMA are in various countries. CIMA is the world’s largest accounting body with more than 231000 students and members in 173 countries.

CIMA qualification is a remarkable accountancy and management qualification that is highly valued by employers across the globe. CIMA qualification prepares you for rewarding career in finance departments, audit firms, industry, banks, revenue and taxation setups, management organizations, commercial setups, budgeting and investment appraisal, local and multinational companies.

   Eligibility Criteria

CIMA has very flexible eligibility criteria that suit almost every student as given below:

  1. O-Level or Matriculations
  2. or A-Level or Intermediate
  3. or Under-graduation or graduation degree in any discipline (i.e. Bachelors or Master degree)
  4. or ACCA or MBA degree – these degrees makes you eligible for fast tract entry to CIMA by giving you exemptions from the first 11 papers of CIMA and enrolling you direct into the strategic level of CIMA.
  5. or other professional qualification – for other relevant professional qualification students are given exemption from some papers according to the rules devised by CIMA.

   Program Structure

CIMA program consists of 14 papers and 3 case studies. Besides that, a student is required to gain 3 years of practical work experience in order to get CIMA degree.

The papers of CIMA are divided into following levels of CIMA.

Certificate in Business Accounting
BA1 Fundamentals of Business Economics
BA2 Fundamentals of Management Accounting
BA3 Fundamentals of Financial Accounting
BA4 Fundamentals of Ethics, Corporate Governance and Business Law
Operational Level
E1 Organisational Management
P1 Management Accounting
F1 Financial Reporting and Taxation
  Integrated Case Study
Management Level
E2 Project and Relationship Management
P2 Advanced Management Accounting
F2 Advanced Financial Reporting
  Integrated Case Study
Strategic Level
E3 Strategic Management
P3 Risk Management
F3 Financial Strategy
  Integrated Case Study

   CIMA Exams dates

  1. CIMA has a very flexible schedule.
  2. You can start CIMA program any time.
  3. Each paper has a two hours computer-based assessment (CBA) which can be attempted in any month of the year.
  4. Case study exams are held in February, May, August, and November.

   Where to study CIMA – Admission procedures

  1. CIMA exams are conducted by CIMA, UK.
  2. Tuition for CIMA is offered by colleges in various countries.
  3. These colleges teach the courses of CIMA according to the syllabus of CIMA, UK.
  4. These colleges arrange the exam of CIMA for students according to the exam schedule of CIMA, UK.
  5. Visit the nearest college offering tuition for CIMA.
  6. Fill in the form for admission in the college as well as for registration with CIMA, UK.

   CIMA Fee structure

The fees of CIMA for year 2017 are as follows:

Description Fee
Registration Fee (once) £ 77
Annual Subscription fee                £ 108
Exam Fee
Certificate in Business Accounting objective tests (per exam) £ 64
Operational and management level objective tests (per exam) £ 77
Operational and management level case study exam (per exam)                £ 126
Strategic level case study exam £ 166

Note. The above fees vary a little bit depending upon the country of students. The above fees are payable to CIMA, UK for registration and exams. Besides that, student has to pay tuition fee and admission fee to the college where he or she enrolls for tuition.

   Paper Exemptions in CIMA

Students are given exemptions from some papers of CIMA depending upon the relevancy of their previous discipline. Students having MBA, ACCA of ACMA degree are exempted from first 11 exams of CIMA and are enrolled straight into Strategic Level. Such students will require to qualify the CIMA Gateway exam in order to become eligible for the exemption.

Students having other relevant qualifications can claim exemptions from some of the papers as per rules of the CIMA. The students having I.Com degree are exempted from the first four papers (Certificate in Business Accounting) and are enrolled into Operational level of CIMA.

Students, eligible for exemption, will require to pay the exemption fee for each exemption.