14/02/2012

CIMA – A truly global professional qualification!

CIMA Global - Facts & figures…

• 195,000 members and students in 176 countries

• 243 exam centres in 90 countries: May & November

• Computer based assessments on demand

• International Federation of Accountants

• Global quality standard of accountancy (CGMA)

• 29 offices worldwide, HQ in London

• Growing demand in Central & Eastern Europe

• JV with AICPA: CGMA designation/ Official global

launch Jan 31st 2012

• Tailor CIMA learning to suit you

• Classroom, online, remote study

• On and offline tuition support

Key Facts & Figures – CIMA Poland

In the last 5 years number of students and members has been

growing by 177%.

•18.10.11 - CIMA Warsaw branch office registered & launch event

• 15.11.11 – Launch of CIMA member network

•11 760 PLN per month – the average monthly CIMA student

salary in Poland

Competencies and skill requirements – the future

TECHNICAL SKILLS WIDER BUSINESS SKILLS

INTERPERSONAL SKILLS

• Core Finance and Accounting

• Influencing • Leadership• Communication• Negotiation• Team building• Networking

• Strategic awareness

• Business understanding

• Project management

• Operations• HR• Marketing• Technology

The T-shaped accountant:

Your contribution to decision making

February 14, 2012

“so versatile that you can use it in every

sector”

“equips students with unique tools and

techniques”

“Very interesting studies”

• What does CIMA mean to Polish students?

Don’t just take our word for it…..

„It is the fundamental ability to bring the

numbers to life that sets CIMA people apart‟.

Helen Weir, Group Executive Director – Lloyds

Banking Group

„I did the CIMA qualification and I‟d take people from

CIMA anytime. They‟re basically business people

with a finance orientation, not just accountants‟.

Andrew Higginson, CEO Retail Services – Tesco plc

For flexibility is key

Marketing IT Finance HR Operations

CEO

Chairman

Project Mgmt

CIMA Partners

February 14, 2012

February 14, 2012

CIMA Professional Qualification

CIMA Professional Qualification

• Pillars- Enterprise- Performance- Financial

• Levels- Operations- Management- Strategic

CIMA Certificate in Business Accounting

The 2011 CBA Qualification is coherent

Organisation

Social & Legal Context

Economic Context

C01Fundamentals of

Management Accounting

C02Fundamentals of

Financial Accounting

C03Fundamentals of

Business Mathematics

C05Fundamentals of Ethics, Corporate

Governance & Business Law

C04Fundamentals of

Business Economics

Wider Business Environment

Internal External

Three pillars of professional qualification

Enterprise Pillar

Financial Pillar

Performance Pillar

Formulate and effectively implement strategy

Support strategy formation and implementation

Prepare and interpret financial statements to make decisions

Enterprise Pillar

How do we formulate and implement strategy?

How do we use the structure of the firm to implement strategy?

How do we implement strategy using projects?

Enterprise Pillar

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

•Analyse competitive environment•Plan, set up, manage and execute projects•Lead team (including managing conflict, disciplining)•Negotiate and communicate effectively

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

How do we formulate and effectively implement the organisation’s strategy?

Performance Pillar

Identifying and managing risks

Techniques for decision making

Information for operational and strategic decision making

Performance Pillar

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

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

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

What information should accountants provide to support the process by which strategy is formulated and implemented?

Financial Pillar

Making financial decisions

Preparing Financial Statements

Analysing Financial Statements

Financial Pillar

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

•Formulate and evaluate financial strategy & structure•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

How do we prepare, interpret and use financial statements to make decisions?

The CIMA Qualification Framework

E1Enterprise Operations

E2Enterprise

Management

E3Enterprise Strategy

P1Performance Operations

P2Performance Management

P3Performance

Strategy

F1Financial

Operations

F2Financial

Management

F3Financial Strategy

C01Fundamentals of

Management Accounting

C02Fundamentals of

Financial Accounting

C03Fundamentals of

Business Mathematics

C04Fundamentals of

Business Economics

C05Fundamentals of

Ethics, Corp Gov & Business Law

CIMA Certificate in Business Accounting

CIMA Professional Qualification

Communities, support and materials for students

CIMA MYJOBS - http://myjobs.cimaglobal.com/

CIMA MYJOBS – Salary surveys

CIMA research & publications

Yes You CanCIMA makes it possible to have both

the security of a professional

accounting qualification and the

rewards and excitement of being a

business leader