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So what do you actually learn in the CIMA?
As it is an industry-driven course, you will find that CIMA courses are very much catered towards those who are working. So if you have just finished your pre-university course or your high school, you will find a lot of colleges and training institutions offering these courses in the evening. This would be a great opportunity for you to look into getting a job and learning more from the industry while undergoing the course.
Unlike degree courses, the CIMA qualification is more flexible and because it is perceived and recognized in the industry in the degree level, you will find that this course is not easy to pass and requires a lot of hardwork and effort in order to complete.
At the start of the course, you will need to learn the fundamentals of accounting. Of course this will include all other related concepts like interpreting of financial and management methods which adopts the concepts of mathematical algorithms which also include statistics. On top of that you will also be learning about areas which include taxation, laws and banking system as well.
In the CIMA syllabus, there are more than enough provisions here which will help you to prepare for the world of chartered accounting. You will be trained in all areas which encompasses business and management accounting as well as cost accounting which would be the main focal point of what you would most likely be pursuing later.
The CIMA structure is made in such a way that it provides you with an integrated learning environment that includes practical and strategic modules. Generally, it is made up of 2 different levels which runs on 3 different routes, Business Management, Management Accounting and Financial Management. If you pass the first level, which is known as Managerial level, then you will be awarded with the CIMA Advanced Diploma in Management Accounting. If you complete the second level which is Strategic level, then you will would be eligible to become a “Chartered Accountant”.
In the Certificate level, you will take 5 fundamental papers which are Management Accounting, Financial Accounting, Business Mathematics, Business Economics and Ethics, Corporate Governance and Business Law. After that you will progress to Managerial Level where you will have to take 6 papers which are Management Accounting Performance Evaluation, Management Accounting Decision Management, Organisational Management and Information Systems, Integrated Management, Financial Accounting and Tax Principles and Financial Analysis. At the Strategic Level you will need to complete 3 strategy based papers which are Management Accounting Risk and Control Strategy, Management Accounting Business Strategy and Management Accounting Financial Strategy.
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