What You Need To Know To Pick The Best Finance Programme

What You Need To Know To Pick The Best Finance Programme

CIMA is the world’s largest professional body of chartered global management accountants and they offer the most relevant accounting qualifications that will suit ideally for a career in business and finance. When you study and get CIMA certified, you develop the knowledge and the skills that employers are looking for. It will also prepare you for work in pretty much any business. The scale of the business or whether it falls in the public or private sector notwithstanding. It is also a globally recognised qualification. The assessment styles and regularly updated qualification programmes are designed to give you a winning edge in the job market.

What does a management accountant do?

Officially, management accountants help businesses all over the world manage their finances. But in reality, there’s so much more to it than that. They are business leaders. Innovators. Decision makers. Forecasters. There’s no one industry or role that they work in: you’ll find management accountants in all kinds of companies, public and private, big and small. 

Day to day, they interpret financial data, prepare reports and use business knowledge to help management make decisions. They’ll always be looking to the future and figuring out ways to improve things for the company. 

What is CIMA equivalent to?

Full completion of the CIMA qualification, including the practical experience requirement, is broadly equivalent to a Master’s degree and has post-graduate status in the UK.

Which is better – ACCA or CIMA?

Both of these qualifications will give you a career boost without any doubt. However, they do have different strengths and therefore you may feel that one would suit you better than the other.

Base your choice of qualification on what you hope to gain from it in your career. The most important question you need to ask yourself before you choose a qualification is what you want from your career. A CIMA qualification is a specialist management accounting qualification, which makes it the best accountancy qualification for those who know that they would definitely like to work in the world of business and management. It has a good overlap with business practice, so it’s an excellent starting point for a career in that sphere.

On the other hand, the ACCA qualification is broader and offers a bit more flexibility. You can still specialise in some areas towards the end of the course, but the sheer variety of core accounting skills and knowledge that it provides is great for those who want to work in a range of different industries, or even keep their options open for a while. 

What is the difference between CIMA and CGMA?

CGMA stands for the Chartered Global Management Accountant is pretty much the global destination for management accountants. It is powered by all of the resources and the expertise that comes with the American Institute of CPAs which is CIMA and AICPA.

As a CIMA member, you automatically qualify for the designation and can use the letters CGMA after your name. The CGMA designation extends the global reach of your recognition as a chartered management accountant. You remain a CIMA member, with all the benefits of CIMA membership.

The CGMA designation gives you the following exclusively;

  • Global recognition for your experience and skills. Having the CGMA destination will give your CV boost.
  • It will help you showcase your value around the world.
  • It will help you get connected to a community of like minded peers. This is because you will get the chance to become a part of the global community of professional management accountants.
  • You will have a way to share best practices, innovate, create and be better prepared for global challenges in the business world.
  • It will give you all the tools that you need to succeed. It will help you have a competitive edge as well.

Is CIMA a good qualification to invest in?

CIMA provides for a really good career. You start off just getting a diploma that gives you the basis for being a good accountant, a good financial person. Then it moves you up into the advanced diploma, which gives you the management skills.

Can you study CIMA on your own?

Anyone can study CIMA, whether you already work in business and finance, want to change career or even hope to run your own business. Find out how you can study CIMA if you don’t fit into any other entry route.

Whether you already work in business and want a professional qualification to help you progress, or you have no business or finance background and want to make a change, studying CIMA could be the best career decision you ever make.

If you don’t already hold a relevant qualification, you’ll start by studying the CIMA Certificate in Business Accounting, which will give you a solid grounding in the fundamentals of business and finance. You can study it as a stand-alone qualification or as a stepping-stone to the CIMA Professional Qualification.

If you are an aspiring entrepreneur planning to run your own business, the CIMA Certificate in Business Accounting can help you succeed. It will equip you with the knowledge you need to make smart business decisions.

Do CIMA credits expire?

The exam credits are valid for 1 year from the date you are re-registered as a CIMA student. After that, you will need to renew.

How many levels are there in CIMA?

The syllabus is split into three pillars and three levels, and comprises 12 exams: nine Objective Tests, and three Case Study exams.

Global Edulink offers programmes accredited by CIMA that are thoroughly evaluated and assessed for the standards that need to be maintained. If you want to know more about what courses we offer you can check out our programmes at https://www.globaledulink.co.uk/course-cat/cima/

Alternatively you can email our team on support@globaledulink.co.uk and find out more information.

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