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mEWELCO TO OURWORLD
Essential guide to CIMA success. Student starter pack.
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CIMA+ 100% Funded MBA/MScStudy CIMA* from just £1500** per year and benefit from guaranteed funding for your MBA /MSc.
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*Terms and conditions apply. Limited places available. E&OE. ** in London *Terms and conditions apply. Limited places available. E&OE. ** in London
SHAPING SUCCESS IN BUSINESS AND FINANCE
Learn more at LSBF.org.ukLondon: +44 (0) 207 823 2303 | LSBF.org.uk
Manchester: +44 (0) 161 713 1777 | LSBF.org.uk/Manchester
Birmingham: +44 (0) 121 616 3370 | FBT-Global.com
InterActive: +44 (0) 207 099 0077 | StudyInterActive.org
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IMA w CStudy
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+44 Manchester:
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— benefit from expe vice
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LSBF|4 (0) 161 713 1777LSBF|4 (0) 207 823 2303
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A SSINES IN BUSSAPING SUCCE
AND FINANCE
WHAT’S IN IT FOR ?
You will become a qualified Chartered Management Accountant onceyou have completed all of the following:
• passed or received exemptions from the CIMA Certificate in Business Accounting
• passed or received exemptions from the operational, management and strategic levels of theCIMA Professional Qualification
• passed the Test of Professional Competence in Management Accounting which comprises of twocomponent parts:- Part A - Initial Professional Development - work based practical experience- Part B - Case study examination
To recognise your efforts along the way, we will award you with a certificate when you completethe CIMA Certificate in Business Accounting, the CIMA Diploma in Management Accounting (theoperational level) and the CIMA Advanced Diploma in Management Accounting (the managementlevel). If you are exempt from an entire level, you will not be eligible for a certificate.
For more information on the new syllabus visit www.cimaglobal.com/cima2010
Welcome to CIMA.You’ve just made the decisionto study for one of the world’s most prestigiousfinancial qualifications. This is your first step tobecoming a financially qualified business leader.
www.cimaglobal.com/me
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WHAT DOES THIS AN?
The CIMA Professional Qualification is different from any other financial qualification and here are just some of the reasons why:
CIMA gives you more career options
With its emphasis on strategic business skills, a CIMA qualification widens your careeroptions both within and outside financial management. Four out of ten members work inareas such as operations management, project management and IT. Particularly in times of recession, CIMA makes it possible to combine the security of holding a professionalqualification with the excitement and reward of being a business leader.
CIMA is the best preparation for an international career in business
A CIMA qualification is in demand around the world, making you marketable acrossinternational boundaries and business sectors. CIMA is a quality standard that is recognisedaround the globe - and the rewards are excellent too. According to new UK research,members of professional bodies earn 37% more during their lifetime than university graduates.
CIMA marks you out as a financially qualified business leader
By choosing CIMA you are taking the first step towards a dynamic and rewarding career. As a business qualification, it ensures you won’t be a faceless number cruncher. As aguarantee of high standards, it will open doors throughout your career. With generations of CIMA members in senior management positions, it’s a proven path to achievement.
CIMA places you at the heart of business decision making
With CIMA you will quickly acquire the wider strategic expertise needed for senior management roles including strategy development, decision making and risk management.Since your knowledge spans all areas of business, your contribution to informed decisions will be valued at the highest levels of the organisation.
With CIMA you are part of a powerful global network of business leaders
CIMA provides a route to business success. Our members constitute a network of high-achieving business professionals both inside and outside the finance sector. Your CIMAqualification is your passport to this network.
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www.cimaglobal.com/cimadifference
IT’S ALL IN OUR NAmE
As a strong, global brand, we can offer you a qualificationthat is recognised and valued worldwide.
Once you become a member, the designatory letters (ACMA/FCMA) andchartered status denote your professionalism, practical experience, credibilityand integrity along with your commitment to ethics and CIMA professionaldevelopment.
To improve the reputation and employability of Chartered ManagementAccountants, we have published the CIMA Code of Ethicsfor Professional Accountants which sets out the principles of professionalbehaviour all members and students must follow. It also provides useful tips to help you resolve any ethical issues.
Good ethics also makes good business sense so get to grips with our code atwww.cimaglobal.com/ethics
‘It was hard work but I was very happy to have chosen CIMA. I was certain it was going to give me a reallystrong foundation for my career’ Lai Siew Kiw, IBM
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CIMA’S COMMIT NT TO YOUmE
4
We want to ensure you achieve your business potential andwe are always looking for new and better ways to supportyou through your studies and training.
Our flexible learning methods fit around you and your busy lifestyle and ouradaptable approach lets you gain work experience while studying for a CIMAqualification anywhere in the world.
We hope you never stop wanting to learn. By assessing your skills in a real businesssetting, we equip you with the wider financial and strategic expertise you will needto contribute fully to an organisation.
We also provide ethical guidance to help you maintain the highest standards of ethics. And if you need to talk to an expert, we have a free, confidential ethicshelpline: 0800 358 7663, +44 (0)20 8849 2303 or [email protected]
With your goals in mind, we have developed the CIMA Commitment which can befound detailed below. Together we can form a partnership which will enhance yourexperience as you progress towards becoming a Chartered ManagementAccountant.
CIMA commitment
To maximise your career development and opportunities, CIMA will:
• deliver a prestigious, forward looking and globally recognised qualification
• regularly review and update the CIMA qualification and CPD products to provideyou with maximum career potential
• consult CIMA members, employers, students, tuition providers and academicswhen reviewing and monitoring the qualification
• maintain the highest level of quality assurance at all stages of the assessmentprocess.
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To support and enhance your success, we will:
• provide an easy and efficient way for you to use online functionality such as payments, exam registration and study support
• offer quality services and relevant resources to support your study and trainingneeds
• make maximum use of new technology when delivering and supporting the qualification
• respond professionally, efficiently and in a timely manner to your queries and requests
• inform you of important notices through our website, magazines and emails
• maintain the highest level of quality assurance and transparency in ourexemptions policy
• effectively monitor tuition and training standards with CIMA approved collegesand employer organisations.
In return, you will be committed to:
• your studies and practical training
• responding on time and appropriately to deadlines
• updating yourself on CIMA’s Rules of Exam Entry and payment procedures priorto each exam session
• making maximum use of our support services and resources, including CIMA’smagazines and website
• conducting yourself at all times in accordance with CIMA’s Code of Ethics
• applying for membership status to enhance your career
• valuing the importance of lifelong learning and adhering to CIMA's continuingprofessional development (CPD) requirements throughout your career.
BE THE YOU WANT TO BE
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The CIMA qualification is a critical step on your way to a rewardingbusiness career.
So, how should you get started?
Step one
You must send a copy of your highest level educational certificate (and transcript whereavailable) to CIMA. If you have a relevant professional qualification, please submit this too. Inorder to support our students we need to understand what previous qualifications they have,even if these qualifications do not result in any exemptions.
Please email [email protected] or fax us (+44 (0)870 787 9408):
• copies of your highest level certificate(s) for qualifications gained
• copies of the corresponding transcript(s) showing the subjects you studied and the marks you obtained (with a key to grades achieved where grades are used in place of marks)
• a copy of the registration confirmation issued at the end of the online registration processwhich you should have printed off when you first registered with CIMA.
If your original certificates or transcripts are not in English, please provide copies of the originallanguage documents as well as English translations. These must be certified as a ‘true translationof the original’ by someone who has a good understanding of both languages other than yourselfor a family member. Please do not send us original certificates or transcripts as we cannotguarantee their safe return. If you do not have any post-school qualifications or are unable to locate them, please write to us to explain.
Step two
Once we know what qualifications you already have, we will tell you if you are eligible for any exemptions. You will need to check the link at www.cimaglobal.com/exemptions for moreinformation about the exemptions that may apply to you based on your relevant qualifications.Exemptions are a concession and are only awarded at CIMA’s discretion. It’s important that youdon’t book any tuition or enter CIMA computer based assessments or exams until you havewritten confirmation from CIMA of your exemptions status. CIMA will not be responsible for anyfees incurred as a consequence.
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Step three
Decide which papers you want to take and when you want to take them. You may be starting atthe CIMA certificate level or at another point in the Professional Qualification. When you areready to take the Professional Qualification examinations you can enter for these through ouronline exam-entry service. You will be able to enter and pay online and will receive instantconfirmation of your entry. Please check the CIMA website well before each exam sitting to seethe most up-to-date information and the list of available exam centres.
www.cimaglobal.com/examcentres
Step four
You need to decide which study method you will use. See www.cimaglobal.com/howtostudyfor a full description of the options available. To improve your chances of success in the exams, we advise you to attend a course that has been approved though our CIMA Learning scheme. Our approved college list can be found at www.cimaglobal.com/colleges. You could also chooseCIMAstudy.com which delivers the only complete online, interactive, on-demand training forour qualification at the certificate, operational, management and strategic levels.
If possible, discuss your study options and any study support with your employer. The level offinancial support and study/exam leave that they offer may affect your choice of study methodand the number of papers you attempt at each sitting.
Step five
Next, draw up a study and revision plan and book study and exam leave with your employer. Use ourhelpful study planner to prepare more effectively at www.cimaglobal.com/studyplanner
Refer to the study and exam tips on the CIMA website at www.cimaglobal.com/studysupportThere you will find a wide range of resources including exam techniques, study guides, pilot examquestions and post-exam guides that will help you get maximum benefit from your study time.
It is built on three specificlearning pillars: enterprise,performance and financial.
Each pillar contains threesubjects: one each from theoperational level, managementlevel and strategic level.
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Part AInitial Professional
Development – Work Based Practical Experience.
Award - Member of the Chartered Institute of Management AccountantsM
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Paper E3
EnterpriseStrategy
PerformanceStrategy
Financial Strategy
Paper P2
PerformanceManagement
Paper F2
Financial Management
EnterpriseOperations
EnterpriseManagement
PerformanceOperations
FinancialOperations
Award - CIMA Advanced Diploma in Management Accounting
Award - CIMA Diploma in Management Accounting
Paper E1 Paper P1 Paper F1
Paper P3 Paper F3
Paper E2
Pre-requisite entry requirements (e.g. CIMA Certificate in Business Accounting, degrees in business or accounting or AAT Technician/Diploma level).
Award - CIMA Certificate in Business Accounting
Paper C01
Fundamentals of Management Accounting
Paper C02
Fundamentalsof FinancialAccounting
Paper C03
Fundamentalsof Business
Mathematics
Paper C04
Fundamentalsof Business Economics
Paper C05
Fundamentals ofEthics, Corporate Governance and
Business Law
Part B Case Study
Examination based on pre-seen and unseen material.
Enterprise pillar Performance pillar Financial pillar
T4Test of Professional Competence in Management Accounting
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CIMA’s unique qualification structure and adaptableapproach means you can gain valuable businessexperience while studing for your exams.
You can sit the five certificate subjects in any order and in any combination.At this level exams are held by computer based assessment at CBA centres.They may be taken at any time of year. www.cimaglobal.com/CBA
You must complete the Certificate in Business Accounting before moving onto the Professional Qualification. CIMA paper based exams are held twice ayear, in May and November. You can only sit exams if you have paid all feesdue. All exam entry is via My CIMA so access to the internet is necessary to be able to enter exams. For an up-to-date list of exam dates and deadlinesrefer to the ‘study’ planner or visit www.cimaglobal.com/rulesofexamentry
You must pass and complete all operational and management level examsbefore you can sit any strategic level exams. You can take operational andmanagement level exams together but, within each learning pillar, you areadvised to sit and pass the operational level subject before sitting themanagement level subject.
When attempting the strategic level subjects, students must sit all threeexams together in the first sitting. If you do not pass all three papers, you will be credited with those which you have passed and will only need to re-take the failed papers.
The pass mark for all exams is 50% and we send exam results out as follows:
• May exams - end of July
• November exams - end of January
You can choose to receive your results by email or access your results directlyfrom our website via MY CIMA. You’ll need your contact ID and your candidatenumber, which appear on your admission advice, for both these services.
IT’S YOUR TImE
CAREER INVEST NTmE
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The CIMA qualification is as much about the practicalwork experience you have achieved as the exams youhave passed.Employers around the world value the CIMA Professional Qualificationbecause it creates ambitious and experienced employees who can apply their expert knowledge in the real world. You will need to familiarise yourself with our practical experience requirements which you can find atwww.cimaglobal.com/per
The CIMA Training scheme has been developed to encourage and recognisethe quality of training that employers offer. We work closely with employersacross all industries in countries around the world to make sure that they cansupport you effectively. When looking for a new employer, membership of theCIMA Training scheme is a sign that they are committed to your development.If your current employer isn’t registered as a member, why not encouragethem to join? www.cimaglobal.com/CIMAtraining
CIMA MY JOBS is your one-stop-shop for new positions with a managementaccountancy focus. Here you’ll find all the information you need aboutdeveloping your career further, finding that next career opportunity or even migrating to a new country. www.cimaglobal.com/myjobs
Make sure you keep copies of job descriptions or appraisal forms when you move between jobs and roles as these will help you update your Career Profile and Record of Skills Development.
‘I’m more than aware how tough it can be to hold down a demandingjob and study on top of that. But it was worth it in the end. Being aCIMA member opens up a lot of doors for you. As far as my own careerwas concerned it really gave me the boost I needed. Qualifying was asignificant milestone for me.’ Tom Pearce, Nintendo UK
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NT IT’S ALL ABOUT DEVELOPmE
‘If I decide to travel, I know that CIMA is an establishedqualification in countries throughout the world and willgive me credibility wherever I choose to go - becauseemployers have confidence in the qualification and thepractical experience it requires.’ Alice Carroll, Deloitte
We offer a whole range of courses and resourcesto help further your personal development.
• CIMAstudy.com is an innovative online product range that providesinteractive training for CIMA qualifications.
• CIMA Publishing provides a range of products and services that supportlifelong learning and professional development. www.cimapublishing.com
• Our e-magazine Velocity is a dedicated study support and informationresource that is emailed to all CIMA students. It is produced every second month. www.cimaglobal.com/velocity
• We will also send you nine copies of Financial Management magazine everyyear to provide you with relevant technical articles, up-to-date examnotices, information about student support resources and job opportunities.Articles focus on how new developments relate to the syllabus and howthey work in practice.
• CIMAglobal.com provides a considerable range of articles, reports and toolsthat will give you the information and guidance you need. See the resourcessection at www.cimaglobal.com/resources
• My CIMA is a personalised area of the website through which you can update your personal information, register for exams, check exam results,pay fees and download CIMA magazines. www.cimaglobal.com/mycima
ET USmE
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CIMA UK – Head Office26 Chapter StreetLondonSW1P 4NPUnited KingdomT. +44 (0)20 8849 2287F. +44 (0)20 8849 2450E. [email protected]
CIMA AustraliaSuite 1305109 Pitt StreetSydney NSW 2000AustraliaT. +61 (0)2 9376 9900F. +61 (0)2 9376 9905E. [email protected]/australia
CIMA BotswanaPlot 50676, 2nd Floor, Block BBIFM Building, Fairgrounds Office ParkGaborone, BotswanaPostal address:PO Box 403475Gaborone, BotswanaTelefax. +267 395 2362F. +267 395 2362/397 2982E. [email protected]/botswana
CIMA ChinaUnit 1905 Westgate Tower1038 Nanjing Road (W)Shanghai 200041P.R.ChinaT. +86 400 820 4080
+86 (0)21 5528 5119F. +86 (0)21 5228 5120E. [email protected]/chinawww.cncima.com
CIMA Hong KongSuites 1414 – 141514th Floor Jardine HouseCentral, Hong KongT.+852 2511 2003F. +852 2507 4701E. [email protected]
CIMA IndiaUnit 1-A-1, 3rd FloorVibgyor Towers C-62, G Block,Bandra Kurla Complex,Bandra (East),Mumba - 400 051T. +91 (0)22 4237 0100F. +91 (0)22 4237 0109E. [email protected]/india
CIMA Ireland45-47 Pembroke RoadBallsbridge, Dublin 4T. +353 (0)1 643 0400F. +353 (0)1 643 0401E. [email protected]
CIMA MalaysiaLots 1.03b and 1.05, Level 1KPMG TOWER8 First Avenue, Bandar Utama47800 Petaling JayaSelangor Darul EhsanMalaysiaT. +60 (0)3 7723 0230F. +60 (0)3 7723 0231E. [email protected]/malaysia
CIMA Middle EastOffice E01, 1st Foor, Block 3PO Box 502221Dubai Knowledge VillageAl Sofouh RoadDubai, UAET. +971 4434 7370F. +971 4434 1998E. [email protected]/middleeast
CIMA PakistanNo. 201, 2nd floor Business ArcadePlot No. 27 A, Block 6, P.E.C.H.S.Shahra-e-FaisalKarachi, PakistanT. +92 21 3432 2387/89F. +92 21 3432 2390E. [email protected]/pakistan
CIMA Singapore51 Goldhill Plaza, #08-02Singapore 308900T. +65 6535 6822F. +65 6534 3992E. [email protected]/singapore
CIMA South Africa1st Floor, 198 Oxford RoadIllovo, JohannesburgSouth AfricaPostal address:PO Box 745, Northlands 2116, SouthAfricaT. +27 (0)11 788 8723/0861 CIMA SAF. +27 (0)11 788 8724E. [email protected]/southafrica
CIMA Sri Lanka356 Elvitigala MawathaColombo 5Sri LankaT. +94 (0)11 250 3880F. +94 (0)11 250 3881E. [email protected]/srilanka
CIMA Zambia6053, Sibweni RoadNorthmead, LusakaZambiaPostal address:PO Box 30640, Lusaka, ZambiaT. +260 21 1 290 219/291 708F. +260 21 1 290 548E. [email protected]/zambia
CIMA Zimbabwe6th Floor, Michael House62 Nelson Mandela Avenue,HarareZimbabwePostal address:PO Box 3831, Harare, ZimbabweTelefax. +263 (0) 4 708600/702617F. +263 (0) 4 708600/702617E. [email protected]/zimbabwe
CIMA’s global offices may change during the year, so please visit the global web links for the most up-to-datecontact details. For a full list of global contacts, please visit www.cimaglobal.com/globalcontacts
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Chartered Management Accountants are financially qualified business leaders.
They operate within all areas of organisations in both the private and public sectors, driving success andcreating value through a combination of the application of leading edge techniques and an in-depthunderstanding of the businesses in which they operate. While qualified in accounting and finance, their focus is commercial and forward looking, pre-empting and adapting to businesses’ changing needs.
Specifically they:
• design, implement and manage (automated) integrated information systems that combine financial and non financial data to provide insightful (electronic) reports to assist in managing performance and inform decision making
• design, implement and manage (automated) transaction processing activities, including financialaccounting, payroll, purchasing and payments, often carried out in a shared service centre
• design, improve, measure and manage end-to-end business processes and activities, often extendingbeyond the organisational boundaries, ensuring delivery of optimum efficiency and effectiveness in the use of resources
• work as an analyst, consultant, relationship-, project- and change manager in support of the business and as a business partner integrated into divisional, operational units and processes throughout theorganisation, bringing commercial and strategic insight, innovative thinking and a collaborative approach
• take responsibility for formulating and managing organisational policy, strategy and objectives, producingbusiness plans, forecasts, scorecards, cost/benefit analysis and budgeting information as appropriate
• design and implement excellence in corporate governance, including risk management, internal audit and controls, company secretarial, corporate social responsibility and stakeholder reporting
• determine capital structure and acquire and manage funds. Carry out due diligence in mergers, acquisitions, business partnerships and joint ventures.
If you need to speak to us, there’s someone on the other end of theline during regular office hours. We can answer your questions on:
• exemptions • key dates and deadlines • exam entry • fees • receiving literature
• general advice about colleges, course providers and methods of study
• general advice about applying for membership.
There is also a worldwide network of CIMA staff and members who can give you support.Go online to find your local branch and more about the student events planned for your region.www.cimaglobal.com/regions
CIMA+ 100% Funded MBA/MScStudy CIMA* from just £1500** per year and benefit from guaranteed funding for your MBA /MSc.
ACT NOW! This offer is limited to 250 students only.
Study CIMA with LSBF to benefit from:
Expert tutors giving you more time in class
Free practical skills with our Compete 1st Class Package: Financial Modelling, Sage 50, Financial Markets Trading and Analysis and Islamic Finance
Studio Quality Video Lectures and online resources on our award-winning InterActive platform
Careers Service — benefit from expert careers advice and work placements
www.fbt-global.com
Study on campus in London, Birmingham, Manchester or on-line anywhere with InterActive.
*Terms and conditions apply. Limited places available. E&OE. ** in London *Terms and conditions apply. Limited places available. E&OE. ** in London
SHAPING SUCCESS IN BUSINESS AND FINANCE
Learn more at LSBF.org.ukLondon: +44 (0) 207 823 2303 | LSBF.org.uk
Manchester: +44 (0) 161 713 1777 | LSBF.org.uk/Manchester
Birmingham: +44 (0) 121 616 3370 | FBT-Global.com
InterActive: +44 (0) 207 099 0077 | StudyInterActive.org
Studio Quali
Sage 50, Fina ree practica F
Expert tutors
IMA w CStudy
and o ideo Lectures ity V
rading an ancial Markets TepmoCruohtiw al skills
giving you more time in s
ith LSBF to benefit from
online resources on our a
nd Analysis and Islamic FinanceniF:egakcaPssalCts1et
n class
m:
award-winning InterActive
Finance, gnilledoMlaicnan
e platform
areers Serv C
+44 I t A ti
+44 Birmingham:
+44 Manchester:
+44 ondon:L
Learn more
— benefit from expe vice
y
g
St d|4 (0) 207 099 0077-GFBTT-Global.com|4 (0) 121 616 3370
LSBF|4 (0) 161 713 1777LSBF|4 (0) 207 823 2303
g.or.FLSB e at
k
ert careers advice and wo
g
g
I t A ti
Global.com
.org.uk/ManchesterFF.org.uk/Manchester
.org.ukFF.org.uk
uk
ork placements
g
p
Study on campus
+44 InterActive:
in London, Birmingham, Manc
yStudy|4 (0) 207 099 0077
chester or on-line anywhere wit
btf.wwww.
SHAPING SUCCEy gyInterActive.org
th InterActive.
moc.t-global
A SSINES IN BUSSAPING SUCCE
AND FINANCE
