What is CIMA?
Chartered Institute of Management Accountants (CIMA) is the largest and leading professional body of management accountants. The CIMA qualification is recognized as the most relevant global finance qualification for a career in business. CIMA enables you to gain a solid understanding of fundamental accounting, management and business principles. Its mission is to help people and businesses to succeed in the public and private sectors.
As a CIMA-qualiﬁed professional, you will be able to drive business success, by using your ﬁnancial knowledge to inﬂuence strategic decisions and manage performance. You will become part of a global organization, powered by two of the world’s leading accounting bodies (AICPA and CIMA) which is working to make management accounting the most valued profession in business worldwide.
1. Certificate Level
The Certificate in Business Accounting is an entry level accounting qualification for students with little or no accounting background. It is a recognised qualification in its own right and is valued by employers. It comprises of the following 4 modules:
2. Operational Level
How to prepare ﬁnancial statements, provide management accounting information, and use appropriate tools for decision making through a broad understanding of business. After successfully completing this level, you will receive the CIMA Diploma in Management Accounting.
3. Management Level
How to prepare group accounts, make pricing and product decisions based on a robust analysis, and manage projects and relationships. On completion, you receive the CIMA Advanced Diploma in Management Accounting.
4. Strategic Level
How to formulate ﬁnancial strategy and manage strategic relationships while managing risk, using the competencies gained at operational and management levels. Test of professional competence: Bridges the gap between ‘knowing’ and ‘doing’, combining ﬁnance and business knowledge to help you inform and forecast business strategy. On completion, you can be one of the Chartered Global Management Accountants with the designation letters ACMA and CGMA.
CIMA Fee Structure
CIMA Certiﬁcate in Business – R25,000
CIMA Diploma in Business Accounting (Level 1) – R30,000
CIMA Advanced Diploma in Business Accounting (Level 2) – R30,000
CIMA Strategic Level (Level 3) – R34,000