What is CIMA? CIMA has formed a joint venture with the .... for free to help you
solve any issues regarding ... only study costs being your books and exam fees.
www.pwc.cz/academy
CIMA Get behind business success with CIMA The Academy CIMA Advantage Program
Content What is CIMA? CIMA structure Study rules & awards
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CIMA with The Academy 8 – 11 Study options 9 CIMA Advantage 10 CIMA Exams 12 Relevant work experience 13 Contacts 15
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What is CIMA? More than
218,000 The Chartered Institute of Management Accountants, founded in 1919, is the world’s leading and largest professional body of management accountants operating in 177 countries, working at the heart of business and offering the most relevant finance qualification for business in both the public and private sectors.
CIMA has formed a joint venture with the American Institute of CPAs (AICPA) to establish the Chartered Global Management Accountant (CGMA) designation. CGMA is the global quality standard that further elevates the profession of management accounting. The designation recognises the most talented and committed management accountants with the discipline and skill to drive strong business performance.
students and members worldwide mean that whenever you go, CIMA will get recognized.
CIMA works closely with employers and sponsors leading-edge research, constantly updating its qualification, professional experience requirements and continuing professional development to ensure it remains the employers’ choice when recruiting financially-trained business leaders. For more information about CIMA, please visit www.cimaglobal.com.
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5 reasons for CIMA: Do you want to... Get prepared for a career in business?
Demonstrate professionalism and employability?
CIMA will teach you skills for strategic advice, managing risk and making key decisions, applying accounting techniques to plan and budget, determination of the information that management needs, and for explaining the numbers to non-financial managers.
As a CIMA student or member, you show employers that you have a commitment to uphold the highest ethical and professional standards. Our ongoing professional development also keeps your qualification relevant.
Combine finance and business?
Be recognised globally?
CIMA focuses on business, giving you more than just accounting knowledge. You will not only be financially qualified but also professionally trained in business management, capable of advising on business strategy and risk management.
You will be able to use the Chartered Global Management Accountant (CGMA) designation powered by two of the world’s leading accounting bodies – CIMA and AICPA. It aims to establish management accounting as the most valued profession in business
Boost your earning potential? A CIMA qualification can increase your earning potential, even while you are still studying. Our global salary surveys show what you can expect to earn as a fully qualified or part-qualified professional.
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Study CIMA and achieve faster career development anywhere in the world.
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CIMA at a glance CIMA updates its syllabus and examinations every four to five years following comprehensive consultation and research with employers to ensure it reflects the current needs of business. It was recently rated as an equivalent qualification to a master‘s degree. The syllabus content is international in scope and its structure reflects the importance of both examinations and practical experience. CIMA members require a high degree of firsthand experience of business issues in order to qualify and remain a member of CIMA and with a clear and progressive syllabus framework; CIMA ensures that business management is a core skill-set. The five levels within the qualification are progressive enabling students to obtain formal recognition as they develop through the qualification. As students progress through the CIMA Professional Qualification, the focus on developing skills shifts from knowledge based learning, to application and analysis which equips staff with consultative business skills.
CIMA structure The CIMA Professional Qualification is made up of three learning pillars: enterprise, performance and financial. Each learning pillar is divided into three progressive levels: operational, management and strategic (refer to the diagram below).
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Study rules & awards Within each pillar, you are advised to study and pass the operational level exams before undertaking the management level exams. You can choose how many exams you take at each sitting when studying these two levels.
CIMA Designatory letters
All Certificate level exams need to be passed in order to begin taking Operational and Management level exams. All operational and management level subject examinations must be successfully completed before attempting strategic level exams. All three strategic level subjects must be studied at the same time, as CIMA requires you to take all three exams together at the first sitting of this level.
CIMA will award eligible active students with designatory letters which they can use after their names. Those who have successfully completed all certificate level papers will receive the letters CIMA Cert BA (CIMA Certificate in Business Accounting). Those who have successfully completed operational level will receive the letters CIMA Dip MA (CIMA Diploma in Management Accounting). Those who have completed management level exams will receive the letters CIMA Adv Dip MA (CIMA Advanced Diploma in Management Accounting).
The fourth and final level (T4) relates to professional competence. To become a CIMA member, students must demonstrate 3 years of relevant work-based practical experience (T4 part A) and pass the case study (T4 part B).
On successful completion of all exams, and once the three years’ practical experience requirements have been met you will gain access to the designatory letters ACMA – Associate Chartered Management Accountant.
CIMA Membership
CIMA Exams
Case study
Relevant work experience
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CIMA with The Academy The Academy is accredited by CIMA and has the status of Listed Tuition Provider. We offer CIMA courses that prepare students for the exams in two sessions per year: May and November . Receive support for your studies from our dedicated and experienced co-ordinators our CIMA hotline is available any time and for free to help you solve any issues regarding your communication with CIMA - let us know and we will solve it for you! Why study with The Academy?
• high pass rates • experienced trainers • approved materials • online learning tools • free CIMA hotline
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Study options We will help you pass your exams! 1. Home self-study option For all papers we offer homestudy package which includes set of Kaplan materials and ´Kaplan Engage´online learning access tool. This is the most cost-effective method with which to study the CIMA qualification, the only study costs being your books and exam fees. Home study does require high levels of discipline and self-motivation. 2. Taught courses: CIMA Advantage From our experience, the best results have students, who combine an intensive block course with study materials, e-learning self study and marked mock exams. The face-to-face tuition courses are conducted to help you prepare for the exam and include home study plan, pre-course homework, couple of days of intensive exam preparation classes, specific case studies and a marked exam simulation. 3. In-company solution We also offer in-company CIMA courses. The CIMA route is adjusted to the client’s needs, taking into account such matters as emplyees’ availability and individual training needs.
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CIMA Advantage Our formula for success
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We will reduce your home-study time significantly Scheduling study time matters and that is why we give you a guided study plan and interactive study support to help you prepare outside of the course time effectively. Books are slowly becoming a matter of the past and therefore we will provide you with electronic versions, course notes, and interactive tests to make your studies more variable.
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The night before the exam is for sleeping, not for panicing! Even though we emphasise continuous learning, we understand that you will focus your studies especially in the weeks preceding the exam. That is exactly when the block courses will be run and by the time you sit in the examination room, you will still have all the tutors’ tips fresh in your mind.
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It is time to stop worrying about your exams After the courses, our tutors will make sure you revise efficiently. How? At the end of the course you will sit a mock exam and the tutors will give you detailed feedback on what areas need more focus. You will also receive useful tips and last-minute advice.
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For years we have been listening to the suggestions of our students and tutors, monitoring the experience from Central and Eastern Europe and considering the employers‘ point of view. The result is the CIMA Advantage – a winning combination of a guided home study and intensive preparation course. It is designed to give our students the best possible chances of passing all of their examinations on the first attempt.
CIMA Advantage Your journey to the CIMA qualification Below, the progression during the CIMA Advantage study programme is shown. From receiving the books to the final exam simulation, we will guide you every step of the way.
Guided home study 8 weeks before exam
before the training course
at the training course
after the training course
Students work at home several evenings and 1 weekend day per week and attempt progress tests which are monitored;
Final Assessment Students attempt exam simulation at home before the training course;
Intensive Preparation Course 2 day intensive training course focused on Exam Technique and application of topics learned during home study;
Invigilated Exam Simulation & Feedback Students attempt an exam simulation under real conditions, students receive individual feedback and guidance for final study.
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CIMA exams Recommended number of exams attempted in one session is not more than three. It is possible to enter for exams in the May and November sessions after the exam entry closing date through late entry and very late entry. Additional fees apply. Certificate level exams are computer-based and can be attempted at a preferred date and time throughout the year in chosen exam centres. Operational, Management, Strategic, Master’s gateway and T4 part B (paper-based) exams can be taken twice a year: in the May and November sessions. There is also a possibility to take extra exams in September and March – special exam entry dates and fees apply.
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Relevant work experience You should begin recording your experience from when you first register with CIMA. You will need a minimum of three years’ relevant practical experience before becoming a Chartered Global Management Accountant (ACMA, CGMA), some or all of which may have been gained before registering as a CIMA student. You are not expected to have covered every single aspect of the Practical
Experience Requirements (PER). A good spread of experience is required across the three areas, with at least 18 months of the three years in the core area. All the experience that you gain, either through a permanent employer, a temporary contract or unpaid voluntary work, will count towards your CIMA practical experience requirement.
Monitoring work experience is a great way to make your employer notice your development. 21 13
It´s easy! Start studying now. 1. Apply online at www.cimaglobal.com 2. Pay the registration fee 3. Collect your registration confirmation (cover sheet) and your educational certificates, officially translated into English:
- copy of a university diploma
- copy of an official transcript of your marks from your university
- copy of a certificate from a professional body or other relevant institution
4. Send everything to CIMA and wait for exemptions (2-3 weeks) 5. Pay for your exemptions, register for exam and start to study!
Now it´s about time to start passing your exams!
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Any questions on studying CIMA with The Academy? Please write an email to
[email protected] or do not hesitate to contact Darie Šašková tel.: +420 251 152 446
[email protected] Lucie Kašparová tel.: +420 251 152 035
[email protected]
Find out more and register on The Academy website:
www.pwc.cz/academy
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The Academy PricewaterhouseCoopers Czech Republic Hvězdova 1734/2c 140 00, Prague 4 Czech Republic
[email protected] www.pwc.cz/academy
© 2014 PricewaterhouseCoopers Česká republika, s.r.o. All rights reserved. “PwC” is the brand under which member firms of PricewaterhouseCoopers International Limited (PwCIL) operate and provide services. Together, these firms form the PwC network. Each firm in the network is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way.
