What is CIMA? CIMA Review

introduce

The Chartered Institute of Management Accountants (CIMA) was founded in 1919 and has a century-long reputation. Headquartered in London, UK, it has branches or liaison offices in Australia, New Zealand, Ireland, Sri Lanka, South Africa, Zambia, India, Malaysia, Singapore and other countries as well as Hong Kong and mainland China.

Application Areas

The CIMA qualification covers a wide range of fields, not limited to accounting content, but covers business knowledge and skills in management, strategy, market, human resources, information systems and other aspects. It will enable the holder to have the qualities of a senior decision-making manager, smoothly realize the role transformation of financial personnel, and become one of the international business elites. CIMA Chartered Management Accountant has been unanimously recognized by the world, and many world-renowned multinational companies, such as Unilever, Shell, Ford, Accenture, etc., all highly respect CIMA qualifications.

Advantages

1. One ID in hand, travel around the world

The Chartered Global Management Accountant (CGMA) is a new global management accountant title jointly launched by CIMA and the American Institute of Certified Public Accountants (AICPA), two world-renowned accounting organizations. Once you complete all 10 CIMA studies and become a certified CIMA member, you will automatically have the CGMA title.

2. Study abroad

CIMA has established a degree fast track with many universities in the UK. This project can help CIMA members and students enjoy credit exemptions or course exemptions in different procedures when applying for postgraduate or MBA degrees, saving a lot of study time and money.

3. Accelerated promotion and high salary

The remuneration of CIMA members has also reached a considerable height. According to statistics in July 2016, the average annual salary of CGMA Chinese members reached RMB 833,000, and the annual salary of trainees reached RMB 450,000. Moreover, CGMA members and trainees around the world are very optimistic about their continued salary increases.

4. Global development opportunities

The UK government agency responsible for scoring immigration qualifications has rated CIMA's professional qualifications as a master's degree level, which can give 35 points when applying for the "Highly Skilled Immigration Program".

5. Enterprise demand and employer recognition

The CIMA certificate enjoys a high reputation in countries around the world. The World Bank lists CIMA as a global authority on management accounting and uses CIMA as a recommended qualification for financial and accounting personnel within the World Bank. The CGMA qualification is the first choice for more than 4,500 partner employers around the world. When recruiting corporate finance and management personnel, they will give priority to those who hold CIMA certificates and have CGMA qualifications.

course

The CIMA professional course consists of three major sections: Enterprise Section, Performance Section and Finance Section, each of which includes three courses.

At the same time, the CIMA Chartered Institute of Management Accountants professional qualification is divided into four progressive stages, namely: operation stage, management stage, strategy stage and professional capability stage. Each stage is progressive and covers the required relevant skills.

Development History

CIMA was founded in 1919 as the Institute of Cost and Labour Accountants. Its mission was to provide companies with forward-looking financial information to adapt to the rapidly changing economic situation after World War I. As the times change, we continue to innovate to ensure that we are always at the forefront of management accounting and anticipate and meet the needs of the industry.

In 1922, CIMA welcomed its first female member.

In 1968, CIMA obtained the British Royal Charter, and since then, the CIMA title has become a symbol of identity and status for high-end financial professionals.

In 1972, it was renamed the Institute of Cost and Management Accountants, which formally established the status of management accountants. It provides management information to enterprises and promotes their success.

In 1975, it became a Royal Chartered institution in the UK and was authorized to oversee management accounting standards set by the government.

In 1986, it was renamed CIMA - Chartered Institute of Management Accountants.

In the 1990s, with the rise of globalization, CIMA, like many multinational companies, entered emerging markets and established offices in 16 countries and regions around the world. While changing our lives, CIMA has also been committed to supporting emerging market countries.

In May 2005, CIMA adopted a new management accountant professional qualification certification system worldwide.

In 2007, the World Bank listed CIMA as the global authority on management accounting.

In 2012, CIMA and the American Institute of Certified Public Accountants (AICPA), the two most influential accounting organizations in the world, formed a cooperative organization and officially announced the launch of a new management accounting title - Chartered Global Management Accountant (CGMA). CIMA members will automatically obtain the CGMA title, and their value and capabilities will be recognized worldwide.

In early 2012, CIMA and the American Institute of Certified Public Accountants (AICPA) jointly launched a new globally recognized management accountant title - CGMA Global Chartered Management Accountant.

In China

CIMA began to expand into China in 2004 and set up a representative office in Shanghai in 2006.

Since 2009, CIMA has established undergraduate and graduate cooperation with more than 40 universities, including the Central University of Finance and Economics, Xiamen University, and Jiangxi University of Finance and Economics, to jointly cultivate management accounting talents with an international perspective.

From 2008 to 2011, we established offices in Beijing, Shenzhen, Chongqing and Guangzhou.

In 2010, the China headquarters moved to the Lujiazui Financial and Trade Zone in Pudong

In 2011, the China headquarters was upgraded to North Asia headquarters

In October 2015, CIMA and the Chinese Institute of Certified Public Accountants jointly edited and released "Basic Tools of Management Accountants (Chinese Edition)".

At the end of 2015, China's leading financial, tax and practical skills training service provider, Boyue, reached a strategic cooperation with CIMA to jointly host the CGMA Global Chief Financial Officer Course and the CGMA Global Management Accounting Elite Certification Program, aiming to promote the upgrading and transformation of China's management accounting training system, promote China's management accounting to catch up with the world's advanced level, and cultivate more management accounting elites with an international perspective for China's financial field.

In June 2016, CIMA and the Chinese Institute of Certified Public Accountants jointly released the "CGMA Management Accounting Professional Competency Framework (Chinese Version)" in Beijing.

In December 2016, CIMA, Shanghai National Accounting Institute and Ernst & Young jointly released "Business-Finance Integration 2016: Global Review and China's Progress".