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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