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CIMA Chartered Management Accountant Exam ExamFOCUS Study Notes 2011

CIMA Chartered Management Accountant Exam ExamFOCUS Study Notes 2011

Keep in mind, the CIMA exam is NOT an accountant exam. It is more of a business management nature. Pure accounting knowledge would not be sufficient. CIMA places emphasis on strategic business skills. A CIMA qualification can widen one’s career options, in and outside of finance. In fact, CIMA claims itself as the only accounting body that focuses primarily on business needs. As a Chartered Management Accountant, one is at the forefront of business planning, strategy and change across the sectors – industry, commerce, and the public sector and not-for-profit organizations. It is generally believed that the CIMA certification is more “international” while the CMA certification (the one from IMA) is more US oriented. According to the CIMA, a Chartered management accountant is qualified to engage in a wide variety of activities, such as: -advising managers about the financial implications of project management -explaining the financial consequences of management decisions a

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