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      What is CIMA? Course Details, Syllabus, Exemptions, Eligibility

      Last Update On 28th May 2024
      Duration: 4 Mins Read

      CIMA also known as Chartered Institute Of Management Accountants course is a popular course in the field of management accounting. CIMA is the world’s largest professional body of Management Accountants. The head office of the CIMA course is in London, United Kingdom. At this point, you must be wondering what CIMA is all about. What are the job opportunities available after completing this course? Is CIMA globally recognised? What are the eligibility criteria for CIMA? And so on. The answers to all your questions are right here in this article. Let’s find out more about CIMA as a course and a career.

      What is CIMA

      1. What is CIMA

      • Certificate
      • Operational
      • Management
      • Strategic

      2. DMU Accounting with Business Management Program:

      • Students receive 11 exemptions, skipping Certificate and Operational levels.
      • Eligible for CIMA Diploma in Management Accounting (CIMA Dip MA) upon graduation.

      Benefits:

      • Faster qualification as certified accountants.
      • Only Management Level Case Study required post-graduation for progression to CIMA’s Strategic level.

      What is CIMA?

      CIMA is a management accounting course that prepares you for an exciting career in finance sectors like banks, audit firms, investment banks, IT sectors, and even e-commerce. After completing the Chartered Institute Of Management Accountants course, a candidate can explore jobs in professions like Treasury Management, Corporate Finance, Business Analysis, Financial Reporting, Financial Analysis, Project Finance, and Risk Management. Since the CIMA has a tie-up with the US CPA board, with a degree in CIMA and 36 months of practical experience you can qualify for an additional CGMA designation.

      CIMA Course Details

      To dive deep into what CIMA is and what your learning journey might look like if you happen to choose this course, here are some quick details on the CIMA course.

      CIMA Full Form Chartered Institute Of Management Accountants (CIMA)
      Complimenting degree BBA, B.Com, ACCA, CFA, CFA and MBA
      CIMA course duration 2 to 3 years bifurcated in 4 levels
      Exam Paper Structure Bifurcated in four levels

      Certificate Level

      Operational Level

      Management Level

      Strategic Level

      Exam Fees The combined expenses for registration, training, and examination fees typically range from Rs. 200,000 to Rs. 400,000, contingent upon your previous qualifications.
      Average Passing Percentage  50% to 60%
      Job Opportunities Finance Manager

      Management Consultant

      Management Accountant

      Finance Business Partner

      Financial Accountant

      Business Analyst

      Accounts Assistant

      Difficulty Level  Moderate
      Top hiring companies for CIMA A H Worth & Co Ltd

      Abbott Ireland

      AbbVie Ltd

      Absa Bank

      Accenture

      Acuity Knowledge Partners Lanka (Private) Limited

      Average Salary INR 5 LPA to 8 LPA

      CIMA Syllabus

      Want to know what you’d be learning about while pursuing CIMA? Here’s a complete overview of the CIMA syllabus and learning concepts.

      Certificate Level

      BA1– Fundamentals of Business Economics
      BA 2– Fundamentals of Management Accounting
      BA 3– Fundamentals of Financial Accounting
      BA 4– Fundamentals of Ethics, Corporate Governance and Business Law
      Exam: 4 Objective type Exams
      Award: CIMA Certificate in business accounting CIMA cert BA

      Operational Level

      E1:Organizational Management
      P1: Management Accounting
      F1: Financial Reporting and Taxation
      Exam: 3 Objective type Exams and 1 Case study Exam
      Award: CIMA Diploma in management Accounting (CIMA dip MA)

      Management Level

      E2: Project and Relationship Management
      P2 : Advanced Management Accounting
      F2: Advanced Financial Reporting
      Exam: 3 Objective Type Exams and 1 Case study Exam
      Award :CIMA Advanced Diploma in Management accounting (CIMA ADV DIP MA)

      Strategic Level

      E3 Strategic Management
      P3 Risk Management
      F3 Financial Strategy
      Exam: 3 Objective Type Exams and 1 Case study Exam

      CIMA Exemptions

      If you’re wondering whether the CIMA institute does or does not offer exemptions, we have some good news for you. The CIMA course does offer exemptions in certain cases. What’s more? The Institute does not levy any additional charge on the exemptions availed.

      CIMA or the Institute of Cost Accountants of India (ICMAI), in the year 2015, signed an MOU stating that they would enable a more seamless entry for members of both professional bodies effective March 2015.

      The members of ICMAI with specific degree qualifications or work experience would be provided with an exclusive pathway route by CIMA, and allowed exemptions for 16 exams – CIMA Certificate in Business Accounting (5 exemptions) and Professional Qualification (11 exemptions), leading up to the strategic case study exam. To complete the professional qualification, an ICMAI member would have to take only 1 exam – the strategic case study.

      CIMA Eligibility

      Wondering what are the eligibility requirements for enrolling for CIMA? Here’s all you need to know about CIMA eligibility.

      • To enrol for the CIMA course, you either need a class 10th passing certificate or O-level or an intermediate or A-Level.
      • You can also enrol for the course with an undergraduate or graduate degree in any field. 
      • For an easy entry into the CIMA course, the best route is an MBA degree or a professional accounting qualification.

      We hope that with this detailed article on the Chartered Institute Of Management Accountants (CIMA) you have received an in-depth understanding of what the profession looks like and what to expect. If you are interested in getting into this exciting and equally dynamic field, then pursuing a CIMA degree would be a good choice. However, if you are looking to become a Management Accountant in a shorter duration then US Certified Management Accounting is what you should be pursuing. To know more about the Certified Management Accountant course, click on the WhatsApp icon at the side of this blog and get in touch with our experts directly.

      FAQs on CIMA course details

      What is CIMA qualification equivalent to?

      The CIMA qualification is equivalent to a Master’s degree in Finance. This qualification is globally recognised and widely accepted.

      Is CIMA an accountant?

       

      Yes, a CIMA graduate becomes a qualified management accountant that takes on professions like Finance Manager, Management Consultant, Management Accountant, Finance Business Partner, Financial Accountant, Business Analyst, Accounts Assistant, etc.

      What is CIMA course eligibility?

      A CIMA degree can be pursued after clearing the 10+2 examinations. The course can be joined in addition to regular graduation courses as well.

      Is ACCA better or CIMA?</h4?
      As per the reviews by industry experts, ACCA offers a stronger grounding in accounting concepts while CIMA is more of a management and business strategy course. In terms of accounting knowledge, CIMA is not at par with ACCA.

       

      Satyamedh Nandedkar, a seasoned finance professional, holds ACCA, CA, US CMA & CS credentials. With 10+ years of experience, he’s a master ACCA tutor, IFRS trainer, adept in global financial standards, and a trusted advisor in navigating complex financial landscapes.

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