A CAREER ADVANTAGE

MANAGEMENT ACCOUNTING

AN ADVANTAGE THROUGHOUT YOUR WHOLE CAREER

Management accountants are highly employable, equipped with a wide variety of skills. Their role in the organisation puts them at the heart of the business. By helping people and businesses to succeed, CIMA is the first choice for employers, with members and students in 168 countries worldwide.

MANAGEMENT ACCOUNTING IS MORE THAN YOU THINK

ADDED VALUEManaging business opportunities

• Evidence• Solutions• Bestpractices• Non-financial

• Qualitative• Predictive• Externaldata

Dynamic

Forwardlooking

• Communication• Entrepreneurial• Problemsolving

Strategy

ROLE

FRAMEWORK

INFORMATION

ANALYSIS

SKILLS

PERSPECTIVE

FOCUS

MANAGEMENT ACCOUNTING

FINANCIAL ACCOUNTING +=

Allaccountantsarenotthesame.Ifyouwentonanexpeditionandtookafinancialaccountantandamanagementaccountantwithyou,theywoulddoverydifferentthings.

Thefinancialaccountantwouldtakephotos,buysouvenirs andkeepanaccuratediary.Afterwards,thefinancialaccountantwouldwriteabookoftheexpeditiontolookbackandsharewithfamilyandfriends,inthesamewayastheywouldreport onpastfinancialperformance.

Themanagementaccountantwoulddoallofthatandmore.Theywouldplanyourjourneyandgiveyouoptionsofwheretogo;explainingtheattractionsofdifferentdestinationsandroutes,andwhatyouwouldneedforeachalternative.After theexpeditionthemanagementaccountantwouldencourageyoutothinkaboutyournextexpedition,workingwithyoutoensureitwouldbeevenmorerewardingthanthepreviousone.Managementaccountantsusepastexperienceandinformationofallkinds,notjustfinancial,tohelpmanagethefutureof thebusiness.

Itincludesandaddsvaluetofinancialaccounting.

• Tokeepmakingaprofit*

• Toachievelong-termsuccess:

-meetcustomers’andpartners’needs - contributetosociety - protecttheenvironment

• Linksbusinessandfinance

• Guidesbusinesscriticaldecisions

• Drivesstrongbusinessperformance

• Understandshowthedifferentpartsofthebusiness needtocometogether

• Communicateswith,andworksin,departmentsacross thebusiness

• Istrustedtodothe‘right’thing

• Measuresperformanceofallkinds,notjustfinancial

• Managesthebusiness’scashandkeepsrecords

• Makescomplexinformationuser-friendly

• Usesinternalandexternaldataandinformation

• Plansforopportunitiesandhelpstosolveproblems

• Continueslearningtokeepup-to-date

• Givesambitiouspeoplerewardingcareersinrespectedbusinesses

• Opensdoorsforpeopletoworkthroughout organisationsandacrosstheworld

• Makesmembersthefirstchoiceforemployers

• Consultswithemployerstostayup-to-date

• Examinesmanagementaccountingskills

• Setsandsupportsprofessionalstandards

• Producesleadingresearch,toolsandtechniques

• Hostsglobalcommunitiesandnetworkstosupport studentsandmembers

• Helpstodrivegrowthandbuildtheworld’seconomies

• Changespeople’slives,throughouttheirwholecareer*Not-for-profitandpublicsectororganisationsalsoneedtoshowvalueformoney

WHAT THE BOARD/MANAGEMENT NEEDS1 HOW A MANAGEMENT ACCOUNTANT DELIVERS2 HOW CIMA DELIVERS WORLDWIDE3

AWARD - Member of the Chartered Institute of Management Accountants

AWARD - CIMA Advanced Diploma in Management Accounting

AWARD - CIMA Diploma in Management Accounting

Enterprisepillar

PAPER F1 - FINANCIAL OPERATIONS

PAPER F2 - FINANCIAL MANAGEMENT

PAPER F3 - FINANCIAL STRATEGY

PAPER P1 - PERFORMANCE OPERATIONS

PAPER P2 - PERFORMANCE MANAGEMENT

PAPER P3 - PERFORMANCE STRATEGY

PAPER E1 - ENTERPRISE OPERATIONS

PAPER E2 - ENTERPRISE MANAGEMENT

PAPER E3 - ENTERPRISE STRATEGY

Performancepillar Financialpillar

Test of Professional Competence in Management Accounting

Part B

Case Study Examination based on pre-seen and unseen material

Strategiclevel

Managementlevel

Operationallevel

T4 - Test of Professional Competence in Management Accounting

Part A

Initial Professional Development – work based practical experience

Part B

Case Study Examination based on pre-seen and unseen material

· Formulate and evaluate financial strategy · Conduct business or corporate valuation· Model and forecast cash flows and other finances· Advise on mergers, acquisitions and divestments

· Prepare group accounts· Evaluate and apply IFRS· Analyse and interpret financial statements· Prepare CSR reports

· Prepare basic tax computations· Prepare financial statements for single company· Use IFRS and GAAP· Manage general and other ledger systems

· Evaluate and manage business risk· Manage financial risk· Review, audit and evaluate risk control systems· Apply risk management to IT/IS environment

· Advise on product manufacture and pricing· Plan and manage cost for competitive advantage· Design and manage budgeting system· Evaluate performance of organisational units

· Calculate and analyse cost of products· Forecast and budget for organisational activities· Evaluate capital expenditure· Manage short-term finance (e.g. cash)

· Analyse corporate environment (internal / external) · Evaluate strategic options· Manage change· Design and run performance management systems

· Analyse competitive environment· Plan, set up, manage and execute projects· Lead the team· Negotiate and communicate effectively

· Awareness of IT/IS issues and environment· Awareness of key marketing issues· Awareness of efficiency and quality issues· Awareness of people management

CIMACERTIFICATEINBUSINESSACCOUNTINGPaperC01-FundamentalsofManagementAccounting|PaperC02-FundamentalsofFinancialAccounting|PaperC03-FundamentalsofBusinessMathematics

PaperC04-FundamentalsofBusinessEconomics|PaperC05-FundamentalsofEthics,CorporateGovernanceandBusinessLaw

THE CIMA CHARTERED MANAGEMENT ACCOUNTING QUALIFICATION

EXEMPTIONS

There may be elements of both the CIMA Certificate in Business Accounting and the CIMA Professional Qualification that you’ve covered during your degree or other tertiary or professional course of study. This may entitle you to certain exemptions. Please note: exemptions cannot be granted prior to full registration as a CIMA student.

For more information on exemptions, visit: www.cimaglobal.com/CIMAexemptions

ThediagramoppositesetsouttheCIMAProfessionalQualificationsyllabusandtheskillsyoulearnateverylevel.Theentrylevelqualification(atthebottomofthediagram)istheCIMACertificateinBusinessAccounting,whichoffersasolidgroundinginthebasicsofmanagementaccounting,financialaccountingandbusiness.ItisalsoasteppingstonetowardstheCIMAProfessionalQualification.

TheCIMAProfessionalQualificationsyllabusisbuiltonthreespecificlearningpillars:Enterprisepillar,PerformancepillarandFinancialpillar,witheachcontainingthreesubjects.TherearefourdistinctlevelswithintheCIMAProfessionalQualification:operational,managerial,strategicandprofessionalcompetence,withinterimqualificationsawardedateachlevel.Eachlevelisprogressiveandwilldeliverskillsrelativetothatlevel.Beforequalifying,candidatesmustalsopassCIMA’sTestofProfessionalCompetenceandfulfilthreeyears’practicalexperiencerequirements.

For more information on study options and local teaching centres, visit: www.cimaglobal.com/studyoptions

Alternatively, contact your local CIMA office at: www.cimaglobal.com/ourlocations

CIMA ENTRY OPTIONS

FormoreinformationaboutentryroutestoCIMA,visit www.cimaglobal.com/entryroutes

TheroadtoobtainingtheCIMAProfessionalQualificationisopentoall,regardlessofeducationalbackground.OurflexibleentrypolicyenablesanyonewithapassionforbusinessthechancetostudywithCIMA.Ifyouarenewtobusinessoraccountingstudies,youwillfirstneedtoworktowardsgainingtheCIMACertificateinBusinessAccounting.

ItisafoundationlevelqualificationwhichwillequipyouwiththeknowledgeyouneedtoprogresstowardstheCIMAProfessionalQualification.FormoreinformationabouttheCIMACertificateinBusinessAccounting, visit:www.cimaglobal.com/cimacertificate

CIMA gateway routesCIMA’sgatewayroutesallowmembersofrecognisedprofessionalaccountingbodiesandgraduatesofrelevantmastersdegreestheopportunitytogaincertainexemptionsandfasttracktheirpursuitofafullCIMAmembership.

Formoreinformationaboutthecriteriaandeligibilityfor anyofthethreegatewayroutescurrentlyavailable,visit:www.cimaglobal.com/CIMAgatewayroutes

STUDY OPTIONS

CIMAoffersdifferentstudyoptionstosuityourpreference andlifestyle.

•Tuition classes offerclassroomexperience,givingyouthebenefitofqualifiedlecturers,facetofacetutoringandinteractionwithfellowCIMAstudents.•Distance learning packagesofferyouastructuredtrainingprogrammeandtutorialsupport.•Online learningandstudy resourcesallowyoutostudyatyourownpace.CIMAstudy.comistheofficialonlinelearningsystemwhichtakesyoustepbystepthroughtheCIMAqualification.

Ifyouareworking,youmightwanttoconsideraskingyouremployerforsupport,includingfinancialsupportandtimeofftostudyandsityourexams.Supportisgivenatyouremployer’sdiscretion.

Studying for CIMA through a degree programme CIMAhaspartneredwiththreeUKuniversitiestoofferstudentsgloballytheopportunitytoachieveadegreewhilealsostudyingtowardstheirCIMAqualification.

Universitiesparticipatingintheschemeare:•ManchesterMetropolitanUniversity•RobertGordonUniversity•MiddlesexUniversity

Formoreinformationaboutthisscheme,visit:www.cimaglobal.com/cimathroughdegree

Entry routes to the CIMA Professional Qualification

CIMACertificateinBusinessAccounting

Relevantdegreesinaccountancyorbusiness

AccountingTechnicianqualification

RecognisedOpenUniversitycertificatesinaccounting

CIMAgatewayroutes:· Professionalgatewayroute· Masters gateway route· Managementaccountantgatewayroute

CIMA PROFESSIONAL QUALIFICATION

IfyouwanttostudyfortheCIMAProfessionalQualificationwhileworking,it’sagoodideatofindanemployerwhowillsupportyouwhileyoustudyandhelpyougainvaluableworkplaceexperience.Thousandsofcompaniesaroundtheworld,frommultinationalstotheneweststart-upsinthepublicandprivatesectors,traintheirstaffwithCIMA.Justsomeofthecompanieswhichmeetourtrainingqualitystandardsarelistedbelow. Forafulllistingofover4,500companies,pleasevisit:www.cimaglobal.com/trainingpartners

AccentureAdeccoAfripackAirbusAir ProductsAmerican ExpressArcadia GroupAstraZenecaBAE SystemsBalfour BeattyBarclaysBombardierBPBritish AirwaysBSkyBBUPACapgeminiCapitaCisco SystemsCoca-ColaConocoPhillips

Co-operative GroupDeloitteDeutsche BankDiageoE.ONErnst & YoungEstée Lauder CompaniesFordFujitsu ServicesGlaxoSmithKlineH.J. HeinzHSBCHilton GroupHM Revenue & CustomsIBMInterContinental HotelsJP MorganKellogg’sKerry GroupKimberly-ClarkKraft Foods

KPMGLegal & GeneralLloyds Banking GroupThe Man GroupMarsMcDonaldsMetropolitan Police ServicesMorgan StanleyNational GridNestléNHSO2PepsiCoPhones4uPilkingtonPwCProcter & GambleQinetiQRBSRedwood InternationalRolls-Royce

RWE npowerSainsbury’sScottish WidowsShellSiemensSonyTescoUnileverVodafoneWhitbreadWolseleyWS AtkinsXeroxZurich

LOTS OF EMPLOYERS TRAIN THEIR STAFF WITH CIMALEARN AND EARN

Youcanseehowmuchyoucanexpecttoearn,andthequalificationsyouwillgetasyouprogressthroughtheCIMAProfessionalQualificationsyllabus.Youcanalsoseehowyourinvestmentinstudyingandexams,whichrangesfrom£1,000to£3,000dependingonhowyouwishtostudy,isquicklyrewarded.

*AVERAGESALARYOfficeforNationalStatistics,2010

Source:2011CIMASalarySurvey

£30,836£36,824

£52,680

£97,156+

£28,732

START: £26,000*

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Operational Management Strategic CIMA Professional Qualification

Philip SanctoGraduate Finance Executive, Tesco

‘Unlike other accountancy qualifications, the amount of business emphasis that CIMA has makes it great for anybody pursuing a career in industry.’

Sereena MalkaniAssistant Financial Analyst, Sky

‘CIMA gives you the knowledge and skills you need for a career in finance, and is also a great base for those who decide to pursue careers in other sectors such as management consulting, or business in general.’

Margaret FowlerAdvisor, KPMG LLP‘Being part of CIMA’s network of qualified business professionals will enhance my credibility and enable me to further my career.’

Richard Kinney ACMACommercial Planning Twentieth Century Fox

‘The CIMA qualification is highly valued and recognised by top employers around the world. There is no question that it opens a lot of doors and enables you to work at a high level within an organisation.’

CIMA OPENS DOORS ALL OVER THE WORLD

CIMAmakesitpossibletohaveboththesecurityof aprofessionalaccountingqualificationandtherewards andexcitementofbeingabusinessleader.

Academically,CIMAisequivalenttoaMastersDegree.*Bythetimeyouqualifyyou’llalsohaveatleastthreeyears’businessexperience.Asyou’reamemberofaprofessionalbody,youwillbeboundbyastrictcodeofethicsandconductthatgainsyouthetrustofyourcolleagues.*UKNationalRecognitionInformationCentre

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To register as a CIMA student please go to: www.cimaglobal.com/registration

Chartered Institute ofManagement Accountants

26 Chapter StreetLondon SW1P 4NPUnited Kingdom

T. +44 (0)20 7663 5441F. +44 (0)20 7663 5442E.cima.contact@cimaglobal.com

www.cimaglobal.com

© 2011, Chartered Institute of Management Accountants. All rights reserved.