registered tuition provider
TRANSCRIPT
2
What is CIMA? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Why study CIMA? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Where can CIMA take me? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Can I study CIMA? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
What will it cost me? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
CIMA Syllabus explained . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
How do I progress? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Which study method is right for me? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Why study with Kaplan? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Your CIMA checklist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Contact us . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Contents
3
What is CI WA? Are you a strategic thinker with a knack for looking at the bigger picture? Do you want to be integral to the success of a global business? If so, then the CIMA qualification is for you!
CIMA is a chartered accountancy qualification, ideal for those who would like a rewarding career in business or finance.
During the CIMA qualification, you will study a broad range of topics that will help your career, including: ❚ Making pricing and product decisions ❚ Managing large-scale projects ❚ Formulating financial strategy ❚ Mitigating risk
The skills and knowledge you pick up from your CIMA qualification will help you progress in your chosen field, as well as increase your earning potential and career opportunities.
Why study CI WA?CIMA is the world’s largest professional body of management accountants,
with more than 229,000 members and students in 176 countries.
Having a CIMA qualification tells everyone you’re a trusted business strategist who can help bring success to any organisation. It proves you have an in-depth knowledge of all aspects of
business finance, as well as a commitment to ethical professional practises.
63% of CIMA Students expect to receive a bonus
in the next 12 months
CIMA members (CGMAs) on average
earn £66 000
CIMA Students salary grew by an average of 3%
in the past 12 months
Statistics taken from 2019 Association of International Certified Professional Accountants Salary Survey. 3
Where can CI WA take me?The success of any organisation is dependent on sound financial
management. That means by studying CIMA, you’ll be ready to add value to any business sector – from fashion to football.
The roles within an organisation that are open to you are just as varied – you could become a management consultant, finance director or CEO.
Or you may want to run your own business instead.
And because of its global reputation, a CIMA qualification is your passport to work around the world. 15% of students
looking for new jobs are planning to move abroad.*
*CIMA Salary survey 2016 **2014 CGMA Brand Index, AICPA/CIMA/Applied Research and Consulting LLC ***interbrand.com/best-brands/best-global-brands/2016/ranking/
CIMA students and CGMAs were represented in 96% of FTSE top 100 companies in 2016
87% of employers would pay a premium to have a CGMA
work for them**
CIMA students and CGMAs were represented in 100% of Interbrand’s
Best Global Brands 2016***
The outstanding global reputation of CIMA
Find out more about how your career will progress with our Career Timeline
4
Our quick quiz suggests an area of accountancy you may find interesting based on your traits, personality and motivations.
Take the Quiz
5
Myths and MisconceptionsMany believe that they don’t have the right qualifications or skills to start studying accountancy.
Whilst it does help to be comfortable with Maths, English and using a computer, most accountants today use spreadsheets or accounting software to do a lot of the calculations and processes. So you certainly don’t need to be a maths or IT genius!
Find out more myths about starting in accountancy here
Can I study CI WA?Whether you’ve just finished school, want to change career, or already hold a financial qualification, you can get started with your CIMA qualification. The main entry routes are covered below.
CIMA Certificate in Business Accounting (Cert BA)CIMA Cert BA teaches the fundamentals of both business and finance – skills that employers will always need. It is a recognised qualification in its own right, but can also be used as a stepping stone into the full CIMA Professional qualification.
Time to complete 12 months.
Entry Requirements None.
Find out more here
CIMA Professional QualificationIf you have prior experience, you may start on the full CIMA Professional Qualification. Once you complete this you will be a Chartered Global Management Accountant (CGMA).
Time to complete On average, it takes students around three years to complete the CIMA Professional qualification with most students taking 4–6 subjects per year.
Entry Requirements You need to have one of these: - CIMA Certificate in Business Accounting qualification - Relevant degree - Membership of a recognised IFAC body, such as AAT.
More details about entry requirements and exemptions can be found here
What will it cost me?Though CIMA courses can be expensive, it is worth investing in the long term benefits you’ll receive such as salary increases and career opportunities.
**Kaplan career changer survey. Qualified vs. Non-qualified earning statistics taken from 2019 Association of International Certified Professional Accountants Salary Survey.
6
Financial Support
On top of this, there’s lots of extra financial support available for CIMA students. In our survey, 60% of people said they got financial support from their employer or training provider.**
Kaplan offer interest free payment plans on our courses. So you can pay for your course in smaller, affordable chunks. Plus, there’s no extra cost to do this! Learn more
You can also now study CIMA via an apprenticeship, meaning you can earn while you learn. Is an apprenticeship right for me?
CIMA students earn on average £32k a year, whereas CIMA members on average earn a whopping £66k a year.
You don’t have to be fully qualified to benefit from an increase in pay – as you progress through the levels your average salary will go up. Operational level students earn an average of £30k, which jumps up to £32k for Management students and finally £38k for those who have completed the Strategic level.
Although 63% of students are expecting to receive a yearly bonus, with an average bonus potential of 7%, 72% of members are expecting to receive a bonus – with a better than average bonus potential of 12%.
Operational LevelOverviewThe Operational level covers the implementation of strategy. After completing this level, you will receive the CIMA Diploma in Management Accounting (CIMA Dip MA).
You will learn to:1. Prepare financial statements 2. Provide management accounting information3. Use appropriate tools for decision making
through a broad understanding of business.
Management LevelOverviewThe Management level concentrates on monitoring and reporting on strategy. On completion, you receive the CIMA Advanced Diploma in Management Accounting (CIMA Adv Dip MA).
You will learn to:1. Prepare group accounts2. Make pricing and product decisions
based on a robust analysis3. Manage projects and relationships.
Strategic levelOverviewThis level concentrates on making long term strategic decisions and providing the context for those decisions. On completion you will be eligible to become a fully qualified CGMA.
You will learn to:1. Formulate financial strategy2. Manage strategic relationships3. Identify and manage risk.
7
CI WA Levels ExplainedTo become a fully qualified Chartered Accountant, you need to complete the three CIMA Professional Levels – Operational, Management and Strategic.
There are three consistent themes that run across all three levels, which CIMA calls ‘Pillars’. The Enterprise pillar focuses on how to formulate and implement strategy. The Performance pillar focuses on a realistic strategy and to monitoring implementation. The Financial pillar focuses on how to prepare and interpret financial statements.
8
How do I progress?To pass each level, you must complete three objective tests (based on the three Pillars) and a case study exam.
Objective tests are 90 minutes long and can be taken all year round. Case studies are three hour exams, available in four windows each year. You must have passed all the objectives tests in a level before tackling the case study.
Objective tests and case studies are always computer-based exams, which can be taken in centres across the world.
CIMA QUALIFICATIONS STRUCTURE
Strategic Level
E3 Strategic Management
Strategic Case Study Exam
P3 Risk Management F3 Financial Strategy
Assessment of Practical Experience
Certificate Level
Practical Experience / Lifelong Learning
BA1 Fundamentals of Business Economics
BA4 Fundamentals of Ethics, Corporate Governance and Business Law
BA2 Fundamentals of Management Accounting
BA3 Fundamentals of Financial Accounting
Enterprise Pillar Performance Pillar Financial Pillar
AWARD: CIMA Certificate in Business Accounting (CIMA CERT BA)
Operational LevelE1 Managing Finance
in a Digital World
Operational Case Study Exam
P1 Management Accounting F1 Financial Reporting
AWARD: CIMA Diploma In Management Accounting (CIMA DIP MA)
Management Level
E2 Managing Performance
Management Case Study Exam
P2 Advanced Management Accounting
F2 Advanced Financial Reporting
AWARD: CIMA Advanced Diploma In Management Accounting (CIMA ADV DIP MA)
AWARD: Membership of The Chartered Institute of Management Accountants® and the CGMA designation
9
Still unsure which of these study methods is best suited to you? Answer 7 simple questions to find which one we recommend for your unique learning style. You’ll then get a chance to try it for free with an in-depth demo.
Take our Quiz
Which study method is right for me?Many factors can affect how you perform in your CIMA exams, but one key question is frequently overlooked – what’s the best study method for me?
Your unique learning style and situation can make all the difference to your CIMA success. Pick the wrong study method and you may face a tough journey, even if you are well suited to the subject.
Luckily, Kaplan has different ways to study CIMA to suit different needs.
F lexibleIs this right for me?
StructuredIs this right for me?
ClassroomA traditional scheduled programme, with face to face tutor led classes at one of 21 centrally located Kaplan Training Centres.
Learn more
OnDemandAn online course with resources specifically
designed for online learning, with the flexibility to start studying anytime, anywhere.
Learn more
Live OnlineLive interactive online classes at a set time
with expert tutors. Every session is recorded so you can watch them back later.
Learn more
Distance LearningStudy independently in your own time,
at your own pace, using a range of online and printed learning materials.
Learn more
10
If you’ve decided that AAT is the right qualification for you, and you’ve decided how you should study, the final question is – why study with Kaplan?
Because we listen! We’ve recently redesigned all our courses based on student feedback, to give you the best chance of completing your studies, whatever study method you choose.
*Top 10 UK accountancy firms taken from Accountancy Age 2018 Top 50+50 survey. All students have purchased a course within the last 6 months as of May 2019.
Extended opening hoursAvailable until 8pm on weekdays and
9am–1pm on weekends.
Above average pass ratesWe always have exceptional pass rates and Kaplan students are regularly CIMA prizewinners, so you can be confident of success when you choose us.
UK’s largest accountancy training providerWe train over 40,000 accountants each year so
you can be confident when studying with us.
Guaranteed response in 4 hours or less Get instant tutor support via Live Chat or
within 4 hours by email or callback.
Fully marked mock exams and a wealth of practice questions
You’ll get feedback highlighting what went well and what was incorrect, so you can focus your
time on the areas you need to improve.
8 of the top 10 UK accountancy firms have employees studying with us*
It’s not just about quantity. Top firms choose Kaplan to give their employees the best
learning experience.
Why study with Kaplan ?
Contact us
0161 259 7400
We know that starting CIMA can be overwhelming, so we have put together a handy checklist below to guide you through the process from start to finish. Follow these steps and you’ll be CIMA qualified in no time!
If you have any questions at all about starting CIMA with Kaplan, please feel free to get in touch:
6
12345
Your CI WA checklist
Start StudyingYou should now have everything in place to be able to start your training – now hit those books and schedule your first exam when you feel ready!
Choose your qualificationMake sure CIMA is right for you, and find out which level you should start with.
Choose your study methodFlexible or structured, in class or at home? Pick the study method that will give you the best chance of success.
Choose your training providerThat’s where we come in! Decide who you would like to study with based on factors such as tutor support and course content
Check your funding optionsYou might be surprised at what is available to you. And always ask your employer if they are willing to help fund your studies.
Register with CIMASeparate to your training provider, you also need to register as a CIMA student with the institute itself. Otherwise you can’t take your exams!