Finance. For the impact-makers....2 Finance: For the impact-makers Who is a finance professional? Once upon a time, being a finance professional was all about numbers. Now, it’s

Finance. For the impact-makers. Become a CGMA® designation holder.

It’s not about what you do; it’s about how you do it It’s not about ticking boxes or filling columns It’s not about machines vs minds It’s about machines for minds

It’s about going lateral when things seem literal It’s about understanding why the numbers say what they say, and more importantly, what they don’t say

Look to the past but don’t live in it Focus on the future because you can change it Define strategies to create value Have a vision — for businesses and ecosystems

This is finance. For the impact-makers.

myfuture.cimaglobal.com 1

2 Whoisafinanceprofessional?

4 Whatismanagementaccounting?

5 TheCGMACompetencyFramework

6 WhatdoIgetoutofthequalification?

8 Access to different industries and business functions

10 CIMAQualificationFramework TheCIMACertificateinBusinessAccountingTheCIMAProfessionalQualification

14 Examexemptions

15 Study methods

16 ReadyforyourCIMAjourney?

17 Fees

Contents

2 Finance:Fortheimpact-makers

Who is a finance professional?Onceuponatime,beingafinanceprofessionalwasallaboutnumbers. Now,it’ssomuchmore.

Inaworldwherebusinessesare beingredefinedbynewtechnology,dataanddigitalplatforms,financeprofessionalsaredefiningwhatsuccesslookslike—drivingimpact,deliveringsolutionsandcreating valueforbusinessesworldwide.

Bigorsmall,publicorprivate—you’llfindaCIMAqualifiedfinanceprofessionalatthecentreofitall.

So where does CIMA fit in?

The Chartered Institute of Management Accountants (CIMA) istheworld’sleadingbodyofmanagementaccountants, deliveringthemostrelevantqualificationforacareerinbusiness.WhenyoujoinCIMA,youinvestin yourcareerdevelopmentandlearning—andweinvestinyou,becoming yourlifelongpartner.

There’smore.WithyourCIMAqualification,you’llalsobecomeapartofaglobalfamilywiththeAssociationofInternationalCertifiedProfessionalAccountants.CIMAandourpartner,the American Institute of CPAs (AICPA) powertheAssociation.


657,000+ Members and students of CIMA and the AICPA

225,000 Organisationsthatemployourmembers

179 Countriesandterritorieswhereourmemberslive

34 Staffandrepresentativeofficesaround theworld

45 Supportedcredentials,designations,diplomasandcertificates

4 Premier globally recognised designations – ACMA,CGMA,FCMAandCPA.


Management accountingAsamanagementaccountant,youwouldgatherinformationonrevenue,cashflowandoutstandingdebtstospottrends,gatherstatsandwritereportsthathelpyourcompanymakedecisions—fromday-to-daymanagementtocorporatestrategy.

AsyouprogressthroughtheCIMAqualificationfromoperationaltostrategiclevelandyougainmoreexperience,yourprofessionalrolewillevolvefromtrustedadvisertoakeydecision-maker.

Youwouldalsoblendfinancialandnon-financialdatatopaintapictureofthebusinessandusethatinformationtodrivetheorganisation’ssuccess.

What is management accounting?

XX I canpreparecostinginformationfordifferentpurposes.

XX I canpreparebudgetinformationforplanningandcontrolpurposes.

XX I cananalyseperformanceusingfinancialandnon-financialinformation.

XX I canapplyfinancialstandards,governance,ethicsandprinciples.

XX I canprepareinformationtosupportshort-termdecision-making.

XX I canprepareinformationtomanageworkingcapital.

XX I canevaluateopportunitiestoaddvalue.

XX I canimplementseniormanagementdecisions.

XX I canmanageperformanceandcoststoaidvaluecreation.

XX I canmeasureperformance.

XX I canmanageinternalandexternalstakeholders.

XX I candevelopbusinessstrategy.

XX I canevaluatebusinessecosystemanditsenvironment.

XX I canevaluateandmitigaterisk.

XX I canrecommendfinancingstrategies.

XX I canrecommendandmaintainasoundcontrolenvironment.

Operationallevel

Managementlevel

Strategiclevel


The CGMA Competency Framework

Skills for today, tomorrow and beyond

Weupdateoursyllabusregularlytokeepontopoftrendsandtheneedsofglobalemployers.OurrevisedCGMACompetencyFrameworkreflectsthechangingskillsfinanceprofessionalsneed.Italsohelpsmanagementaccountantsandtheiremployersunderstandthepracticalexperienceandprofessionaldevelopmentneededtoberelevantandsuccessful.

TheCGMACompetencyFrameworkdrives thesyllabus,whichcoversfivekey knowledgeareas:

Technical skills—Applyingtechnicalaccountingandfinanceskillsindifferentbusiness situations

Business skills—Transformingdataintoinsights and strategy

People skills—Howtocommunicate,influence,negotiateandcollaborate

Leadership skills—Buildingandmotivatingteamsanddrivingperformance

Digital skills—Manageandguidethefinancefunctioninadigitalworld

Digital skills

Technical skills

Business skills

Leadership skills

People skills


13

1. Australia Students: * Members: AUD 146,000

2. Botswana Students: BWP 138,000 Members: **

3. India Students: IND 1,073,000 Members: **

What do I get out of the qualification?

OnceyoucompleteyourqualificationandbecomeaCIMAmember,youareawardedthegloballyrecognisedAssociate Chartered Management Accountant (ACMA) and Chartered Global Management Accountant® (CGMA)® designations.

CGMAandACMAarealotmorethansimpleletters.Thedesignationsgrantyouunparalleledaccesstoawiderangeofexcitingrolesinvirtuallyanyfield,inanycountry.

Theopportunitiesareasvastasyourimagination.

Get a job anywhere in the world and earn higher salaries.

TherelevanceanddemandofCGMAdesignationholderstranscendsborders.Andthehighersalariestheytakehomeisproofoftheaddedvalueemployersbelievetheybring to the table.

Real salaries around the world


36

7

5

4

21

812

9

10

11

4. Ireland Students: EUR 46,000 Members: EUR 85,000

5. Malaysia Students: MYR 81,000 Members: MYR 208,000

6. Pakistan Students: PKR 918,000 Members: **

7. Poland Students: PLN 126,000 Members: **

8. South Africa Students: ZAR 383,000 Members: ZAR 999,000

9. Sri Lanka Students: LKR 476,000 Members: LKR 2,647,000

10. United Arab Emirates Students: AED 214,000 Members: **

11. United Kingdom Students: GBP 32,000 Members: GBP 66,000

12. Zambia Students: ZMW 157,000 Members: **

13. USA Students: * Members: USD 173,000

Real salaries around the world

* Theaverageannualsalaryforstudentsisnotavailablefor this country.

**Theaverageannualsalary for members is not availableforthiscountry.


Access to different industries and business functions AsaCGMAdesignationholder,youwillhaveanunderstandingofallareasofbusiness. Asaresultyouwillhaveamuchwiderrangeofrolesandindustriestochoosefrom.

Professional services and consulting

Accenture,Deloitte, EY,GrantThornton, IBM,KPMGandPwC

FMCG

Diageo,Innocent,Nestle, P&G,PepsiCoandUnilever

Telecomms and IT

BT,CiscoSystems,Dell,O2,Siemens and Vodafone

Financial services

Barclays,Citigroup, CreditSuisse,HSBC, J.P.Morgan,MorganStanley and Zurich

Retail

ASOS,Debenhams, KerryGroup,Kingfisher, JohnLewis,Sainsbury’s, SelfridgesandWaltDisney


Transport, travel and leisure

BritishAirways, HiltonWorldwide, InterContinentalHotels andTransportforLondon

Public sector and not-for-profit

DWP,Government,HMRC, MinistryofDefence,NHS andRAF

Media and publishing

BBC,FT,Google,ITV, Informa,MacMillanPublishers,NewsCorpAustralia,OUP, Pearson,SkyandVirginMedia

Engineering and manufacturing

Airbus,BAESystems, BalfourBeatty,Ford,GlaxoSmithKline andRolls-Royce


TheCIMAqualificationhasbeendesignedtogiveyoutheskillsandknowledgeyouwillneed to function and excel at differentlevelsofyourcareer.

TheCGMACompetencyFrameworkinformsanddrivesthetopicsandareasitcovers.

TheCIMAQualificationFrameworkismadeupoftheCIMACertificateinBusinessAccounting and the CIMA ProfessionalQualification.

CIMA Qualification Framework

AWARD: CIMA Advanced Diploma in Management Accounting (CIMA Adv Dip MA)

AWARD: CIMA Diploma in Management Accounting (CIMA Dip MA)

AWARD: CIMA Certificate in Business Accounting (CIMA Cert BA)

Prac

tical

exp

erie

nce

/ life

long

lear

ning

Enterprise pillar

BA1Fundamentals of Business Economics

E1Managing Finance in a Digital World

E2Managing Performance

E3Strategic Management

BA2Fundamentals of Management Accounting

P1Management Accounting

P2Advanced Management Accounting

P3Risk Management

BA3Fundamentals of Financial Accounting

F1Financial Reporting

F2Advanced Financial Reporting

F3Financial Strategy

Management Level

Strategic Level

Operational Level

Certificate Level

Performance pillar Financial pillar

Assessment of practical experience requirements (PER)

Strategic Case Study Exam

Management Case Study Exam

Operational Case Study Exam

AWARD: Membership of the Chartered Institute of Management Accountants (ACMA/FCMA) and the CGMA® designation

Fundamentals of Ethics, Corporate Governance and Business Law

BA4

Evenifyouhavenopreviousexperienceinthefield,you’llquicklymastercorebusinessandfinanceskillsbeyondfundamentalfinancialaccounting.

NotonlyistheCIMACertificateinBusinessAccountingagreatintroductiontotheworldofbusiness,it’salsoarecognisedqualification.Andyourjourneydoesn’tstophere—youcanuse itasformalentryrouteintotheCIMAProfessionalQualification.

Ourfoundationqualificationisdesignedtoprovideyouwiththecriticalknowledgeandskillsrequiredtosucceedin any modern business.

TheCIMACertificateinBusinessAccounting




Prac

tical

exp

erie

nce

/ life

long

lear

ning

Enterprise pillar








P3Risk Management





Management Level

Strategic Level

Operational Level

Certificate Level








BA4

Four2-hour,computer-basedobjectivetestsavailable

on demand

CompletingtheCertBAusuallytakes12–18months.Thegreatthingaboutthequalificationis

that you can study for the Cert BA whileyou’reworking,sothere’slittledisruptiontoyoureveryday

workinglife.

There are no formal entry requirements,butyouareexpectedtohaveagoodunderstandingof

English and Maths.

Afterpassingallfourexams,you’reawardedwiththepart-qualified

designatoryletters‘CIMACertBA’andarereadytoembarkonthe CIMAProfessionalQualification.

4 x 2hourlong examinations

12–18months to complete

No formal entry requirements

CIMA Cert BA



Ourprofessionalqualificationismadeupofninesubjectsthat are organised into three pillarsandthreelevels.

You’llgainastrongfoundationinbusinessandfinanceskills,management accounting andbusinessprinciples.Asyouprogressthroughthequalification,thecontentofeachpillardevelopsastrongfocusonstrategicskillsandknowledge,positioningyoutotakeonleadershiproleswithinyour organisation.

The pillars Thesethreepillarsaredesignedtocoverfinanceandarangeofother business areas.

XX The Enterprise Pillar–Developandimplementstrategies.

XX The Performance Pillar–Trackactivitiesandensurethatstrategiesare realisticandeffective.

XX The Financial Pillar–Prepareandunderstandfinancialstatementstokeep aneyeonperformanceandinformcompanydecisions.




Prac

tical

exp

erie

nce

/ life

long

lear

ning

Enterprise pillar








P3Risk Management





Management Level

Strategic Level

Operational Level

Certificate Level








BA4




Prac

tical

exp

erie

nce

/ life

long

lear

ning

Enterprise pillar








P3Risk Management





Management Level

Strategic Level

Operational Level

Certificate Level








BA4

TheCIMAProfessionalQualification

The levelsThesethreelevelsencourageprogressive,constantdevelopmentofknowledge,ensuringyouhavetheskillsbusinessesneed.

XX The operational level focuses on short-termdecision-making.Itmirrorstheworkoffirst-line managers and their teams.

XX The management level focuses ontranslatinglong-termdecisionsintomedium-termplans.Itreflectstheworkofmiddle-managers.

XX The strategic level focuses on long-termstrategicdecision-makingandprovidingresourcestoimplementthesesuccessfully.Seniormanagementtakesonthislevel.

ExaminationsObjective Tests–Nine90-minutecomputer-basedand on-demandexams

Case Studies–Threethree-hourexamsateachlevelof thequalificationthatyoucantakeduringfourwindowsperyear.Tocompletealevel,you’llneedtopassallthree ObjectiveTests(orhaveanexemption)beforesittingthe Case Study exam.

Entry requirementsYou’ll need one of the following:

XX TheCIMACertificateinBusinessAccounting

XX Arelevantdegreeinaccounting,finance,commerce or business

XX AATLevel4DiplomainAccounting

XX AnMBAorMaster’sinAccounting

XX MembershiporpartqualifiedstatusfromanIFACbody

3 – 4 Years completion YoucanexpecttospendbetweenthreetofourmonthsstudyingforeachoftheObjectiveTests,followedbyanothersixtoeightweekspreparingfortheCaseStudyexam.YoushouldaimtocompletetheCIMAProfessionalQualificationinthreetofouryears.CompletingtheCIMAProfessionalQualificationwhileworkingisinvaluable,asitgivesyouskillsandknowledgeyoucanimmediatelyapplytoyourworkinglife.

Designatory letters Onceyoucompletetheoperationallevel,you’reawarded thepart-qualifieddesignatoryletters‘CIMADipMA’.

Onceyoucompletethemanagementlevel,you’reawarded thepart-qualifieddesignatoryletters‘CIMAAdvDipMA’.

Onceyoucompletethestrategiclevelandprovidethreeyearsrelevantworkexperience,youcanapplyforCIMAmembershipandgainthedesignatorylettersACMA,CGMAafter your name.



Exam exemptionsWe value your prior learning.

Yourrelevantpriorlearningandqualificationsqualify youforexemptionsfromsomeofourexams—andCIMA is the only international accountancy body that doesn’tchargefortheseexemptions.

Thisindustry-firstinitiativeisbasedonourbeliefthatpeoplefromallwalksoflifeshouldbeabletostudyCIMAbasedonmeritandwithoutfinancialconsequences.

This means that you can start your CIMA studies at the rightlevelforyouandqualifyasaCGMAsooner.


Study methods Yourstyleofstudyingisuniquetoyou.That’swhyyoucanchoosewhenandwhereyoustudy.

Study with a tuition provider

YoucanstudywithoneofthemanyglobaltuitionprovidersthatteachCIMA.Thisisagreatoptionifyoulikestudyingwithothers andappreciatehavingatutoronhandfor any questions.

Online and distance learning with CIMAStudy.com

CIMAStudy.com is the only online learning resourcereviewedandapprovedbyCIMA,deliveredinpartnershipwithKaplan.It’sidealifyoulivesomewherewithlittleornotuitionprovision,orifyouprefertoself-studyatyourownpace.

Study with official CIMA textbooks and materials

Lookingforacost-effectivewaytostudywithCIMA?OurCIMA-approvedstudytexts,exampracticekitsandrevisioncardsprovideeverythingyouneed.

Undecided?

OurStudyPlannerwillhelpyoupickthebeststudymethodforyourneeds.YoucanbrowseallCIMAapprovedstudyproducts,resourcesandcoursesinoneplace.

Ready for your CIMA journey?

Checkyoureligibilityforexemptions. Findoutifyou’reeligibleforexamexemptions.

Register as a CIMA student. Register at cimaglobal.com/register.

Choose your study method. YoucanstudywithCIMAinwhateverwaysuits your lifestyle.

Schedule your exam. Examentryisopenallyearroundforthe CIMACertificateinBusinessAccountingandthe CIMAProfessionalQualificationObjectiveTests. ForCaseStudies,thereareexamentrywindows.

1

2

3

4


Fees

Feesvarydependingonyourentryroute. We recommend our discounted bundlesthathavebeentailoredtoyourentry route. These bundles include your registrationfee,annualsubscriptionfeeandyourfirstexamfee,aswellasoptionalstudysupportyoucanpurchasetobuildintoyourbespokebundle.Forsomeentryroutes,weofferaregistrationonlyoption.



Brought to you by the Association of International Certified Professional Accountants, the voice of AICPA and CIMA. ©2019AssociationofInternationalCertifiedProfessionalAccountants.Allrightsreserved.CIMAandTheCharteredInstituteofManagementAccountantsaretrademarksofTheCharteredInstituteofManagementAccountantsandareregisteredintheUnitedKingdomandothercountries.TheGlobeDesignisatrademarkownedbytheAssociationofInternationalCertifiedProfessionalAccountantsandlicensedtoCIMA.1910-58798

Find out more about CIMA.TolearnmoreaboutbecomingaCIMAstudent,visitusatmyfuture.cimaglobal.com orcalloneofourstudentadvisorson+48 22 222 19 92

Twitter·@CIMA_NewsFacebook·@CIMApolandInstagram·@cimapoland

Documents

Finance. For the impact-makers....2 Finance: For the impact-makers Who is a finance professional? Once upon a time, being a finance professional was all about numbers. Now, it’s