Chartered Institute of Management Accountants (CIMA)

The Chartered Institute of Management Accountants (CIMA) is a United Kingdom-based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business, together with ongoing support for members.

CIMA is one of the professional associations for accountants in Ireland and the UK. Its particular emphasis is on developing the management accounting profession within the UK and worldwide. CIMA is the largest management accounting body in the world, with more than 227,000 members and students in 179 countries. CIMA is also a member of the International Federation of Accountants.

CIMA is the world's largest professional body of management accountants.

CIMA-trained people work in industry, commerce, management consultancies, and banks and not for profit and public sector organizations. Many CIMA members work in prestigious, high paying roles.

The syllabus is designed to deliver a strong understanding of all aspects of business so the members can contribute in many areas of an organization.

CIMA's syllabus consistently Provides

• More management accounting,
• More business strategy
• More financial strategy

CIMA prepares people for a career in business. It teaches skills for strategic advice, managing risk and making key decisions.

The Levels

The syllabus is also divided into three levels of achievement. You will progress from the operational level to the management level and finally to the strategic level.

At each level you study subjects across the three pillars:

• The Operational level:

The operational level has a short-term focus. It covers the implementation of strategy, as well as reporting on the implementation of strategy.

• The Management level:

The management level has a medium-term focus. It translates the strategy decided at higher levels, and communicates it to lower levels for implementation.

It monitors and reports on the implementation of strategy, and ensures corrective action is taken when required.

• The Strategic level:

The strategic level has a long term focus. It concentrates on making strategic decisions and providing the context in which those decisions will be implemented.