CIMA

About CIMA


CIMA (The Chartered Institute of Management Accountants)

CIMA (The Chartered Institute of Management Accountants), founded in 1919, is the world leading and largest professional body of Management Accountants, with 2,18,000 members and students operating at the heart of business in 179 countries. CIMA professional qualification has a strategic business focus.
In 2012, CIMA entered into a joint venture with the American Institute of Certified Professional Accountant (AICPA), and the two organizations jointly power the CGMA (Chartered Global Management Accountant) designation the first truly global designation for management accountants.

Scope

CIMA members and students have scope in MNCs (Multi-National Corporations) as well as in domestic organizations.

  • CIMA students/members can work not only in finance but in any other field also like marketing, HR, production, sales etc. So, they can work in finance profiles as wells as in management profiles.
  • The job opportunities for CIMA qualified is available in all the industries including the fortune companies.
ALLIANCES

The Royal Charter recognises CIMA as being among the top professional bodies in the UK.
The CIMA Qualification has a post graduate status within the UK and is broadly equivalent to a Master's degree, according to NARIC (the independent body that assesses and scores qualifications from around the world) a point score of 35, the same as MSc, has been awarded to the CIMA professional qualification. CIMA has been awarded recognition for advanced standing to Master degrees, which include up to 50 % credit for specific programmes, including MBA's from leading business schools.

MOU between AICPA (USA) & CIMA: CIMA and AICPA created a new not-for-profit joint venture to be called the Association of International Certified Professional Accountants. This would promote a new professional accounting designation with new designator letters CGMA. Existing CIMA members could retain their current FCMA or ACMA letters after their names, or alternatively, they would have the option to use CGMA.

MOU between CIMA & ICWAI: The MOU introduces a new CIMA Professional Gateway examination for ICWAI students who have successfully completed the whole of the ICWAI professional examination, enabling an 'fast track route into CIMA's Strategic level examinations, final tests of professional competence and ultimately CIMA Membership. A similar fast track route has been created for CIMA members to the ICWA qualification and membership.

MOU between CPA (Australia) & CIMA: The agreement gives CPA members preferred access to CIMA membership and CIMA members preferred access to CPA membership. CPA Australia members will be eligible for associate membership in CIMA and enjoy the same benefits as current CIMA members provided they meet the accreditation and practical experience requirements that have been established by CIMA.

MOU between CMA (Canada) & CIMA: This agreement gives CMA Canada members preferred access to CIMA membership. CMA members will be eligible for associate membership in CIMA and enjoy the same benefits as CIMA members provided they meet the accreditation and practical experience requirements that have been established by CIMA.

ELIGIBILITY
  • Eligibility requirement for CIMA is years of age.
  • In India, we can say that a student can pursue CIMA qualification after completion of class 12th.
  • There is no requirement of minimum marks in any subject.
DURATION
Course duration will vary from 6 months to 2 years depending on the individual's previous qualification.
COURSE STRUCTURE
Levels Strategic Management Operational Certificate
Exams
1 Strategic Case study exam Strategic Case study exam Operational Case study exam Financial accounting
2 Strategic Management Project and Relationship Management Organizational Management Business economics
3 Risk management Advance Management Reporting Management Reporting Ethics, Corporate, Governance and Business Law
4 Financial Strategy Advanced Financial Reporting Financial Reporting Management Accounting
CIMA structure comprises of 4 levels.
In all the four levels, only case study exams are Subjective, rest all others are Objective.
EXAMS

CASE STUDY EXAMS - These exams can be given four times in a year and are subjective.
These exams can be given in February, May, August and November.
OTHER EXAMS - These exams can be given in any time during the year. These exams are objective.
Student can select their own date of examination according to their convenience and preparation.

EXEMPTIONS
Based on the syllabus and qualification of students, CIMA has provision for the exemption of certain exams.
S# QUALIFICATION EXEMPTION
1 12TH PASS 4 PAPERS from Certificate Level
2 CA - IPCE (BOTH GROUP) 7 PAPERS (5 PAPERS from Certificate Level and 2 PAPERS from Operational Level)
3 Commerce Graduate 5 PAPERS from Certificate Level
4 Commerce Post Grduate 12 PAPERS (5 PAPERS Certificate Level, 4 PAPERS from Operational Level and 3 PAPERS from Management Level)
5 MBA member from Recognised University 12 PAPERS (5 PAPERS Certificate Level, 4 PAPERS from Operational Level and 3 PAPERS from Management Level)
6 ICAI Member 12 PAPERS (5 PAPERS Certificate Level, 4 PAPERS from Operational Level and 3 PAPERS from Management Level)
7 ICSI Member 12 PAPERS (5 PAPERS Certificate Level, 4 PAPERS from Operational Level and 3 PAPERS from Management Level)
8 ICWAI Member 16 PAPERS (5 PAPERS Certificate Level, 4 PAPERS from Operational Level, 4 PAPERS from Management Level and 3 PAPERS from the Strategic level)
FEE STRUCTURE
Registration Fees - Rs.7,500
Subscription Fees - Rs.10,500

S# QUALIFICATION EXEMPTION FEES TOTAL FEES
1 Certificate Level 5 Rs. 5,600 per paper Rs. 28,000
2 Operational Level 3 Rs. 7,000 per paper Rs. 21,000
3 Operational Level Case Study 1 Rs. 11,500 Rs. 11,500
4 Management Level 3 Rs. 7,000 per subject Rs. 21,000
5 Management Level Case 1 Rs. 11,500 Rs. 11,500
6 Strategic Level 3 Rs. 11,000 per paper Rs. 34,500
7 Strategic Level Case Study 1 Rs. 17,500 Rs. 17,500
VG LEARNING DESTINATION ADVANTAGES
  • Registration fees of CIMA is Rs. 3000 only.
  • Undergraduate students are eligible to enter CIMA Certificate in Business Accounting.
  • Subscription Fees for first year is waived off.
  • Exemption Fees is waived off.
  • Students can write their exam (C01) between April to December 2016
  • On successful completion of the above paper, students will be eligible to get a Certificate in Business Accounting from CIMA.
  • Coaching of C01 - Fundamentals of Management accounting is free. Students registering through VGLD need to pay any coaching fees for this exam.
HOW TO GET REGISTER
  • Registration can be done Online on CIMA official website.
  • Alternatively, register yourself on our website www.vglearningdestination.com. We will complete all your formalities.
PLACEMENT ASSISTANCE
  • VG Learning Destination will organize a campus drive for the successful candidates after the results.
  • The information regarding the same is provided to students through messages, emails and over the calls.
  • Alternatively, CIMA also provide placement assistance to its Members.
COACHING CLASSES
Being the ultimate coaching institute, we are providing classes for all the subjects of CIMA.
Our faculty is the one of the best faculty for the said classes and they themselves are CIMA qualified.
As our other subjects, the classes will be provided at all our centres all over India through virtual mode.

S# QUALIFICATION EXEMPTION FEES
1 Certificate Level 1 No Fees
2 Operational Level 3 Rs. 12,000 per paper
3 Management Level 3 Rs. 20,000 per subject
4 Strategic Level 3 Rs. 11,500 per paper
HOW TO GET REGISTER

Students can register themselves through our website www.vglearningdestination.com. Registration process includes creation of Login ID and password.
Once student creates Login ID and password, he or she just needs to select the batch and pay the fees.
Our batches starts in April, July, October and January every year.
Batch timings are flexible.
We provide multiple batches.