Why study CIMA?

How will studying CIMA help your career?

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

Why study CIMA? Becoming a chartered management accountant can accelerate your career and boost your salary. It is a proven path to business success.

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

You can work around the world with CIMA. CIMA  has over  195,000 members and students in 176 countries.

Why does being a professional matter?

At CIMA you will develop both your technical ability and your professional capacity. Employers worldwide understand the benefits you can bring to a business through your knowledge and skills as well as your ethical and professional commitment.

What will you earn with CIMA?

Chartered management accountants are highly rewarded. See CIMA salary surveys for more.

What is management accounting?

Management accountants interpret financial information to make business decisions. Top CFOs, CEOs and management consultants are chartered management accountants.

CIMA-trained people work in industry, commerce, management consultancies, 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.

Talk directly to our personal advisors about CIMA

Speak to one of our personal advisors by calling us on +44 (0)208 849 2251 (select option 1) from 9am to 5pm BST.

Or send us an email at callback@cimaglobal.com with your full name, phone number (including international dialling code) and a convenient date and time for us to contact you.

 

What is management accounting?

What is management accounting?

In short, management accounting combines accounting, finance and management with the leading edge techniques needed to drive successful businesses.

Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems,and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy

Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions.

In contrast to financial accountancy information, management accounting information is:

  • primarily forward-looking, instead of historical;
  • model based with a degree of abstraction to support decision making generically, instead of case based;
  • designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators;
  • usually confidential and used by management, instead of publicly reported;
  • computed by reference to the needs of managers, often using management information systems, instead of by reference to general financial accounting standards.

Chartered management accountants:

  • advise managers about the financial implications of projects
  • explain the financial consequences of business decisions
  • formulate business strategy
  • monitor spending and financial control
  • conduct internal business audits
  • explain the impact of the competitive landscape.

The management accounting skillset

Our members are qualified to work across an organisation, not just in finance. Because in addition to strong accounting fundamentals, CIMA teaches strategic business and management skills:

  • Analysis – they analyse information and using it to make business decisions.
  • Strategy – they formulate business strategy to create wealth and shareholder value.
  • Risk – they identify and manage risk
  • Planning – they apply accounting techniques to plan and budget.
  • Communication – they determine what information management needs and explain the numbers to non-financial managers.