Ara Education is the No.1 CIMA Coaching in Tamilnadu. ARA EDUCATION has skilled and experienced faculty members for providing classes for CIMA classes online and offline in Coimbatore tamilnadu. The CIMA (Chartered Institute of Management Accountants) was founded in 1919. It is known to be the largest and leading professional body of management accountants across the world, with 229,000+ members in 176 countries. The members and students of CIME work in commerce, industry, non-profit organizations, and public sectors. Also, the CIMAs work closely with sponsors and employers for leading-edge research, updating their professional experience requirements and qualification, and continuing professional development for ensuring it remains the choice of employers while recruiting the trained business leaders.
In the CIMA’s activities, ethics and professionalism are at the core, with every student and member bound by the robust standards in such a way that the expertise, integrity, and vision are brought together.Besides, CIMA has formed a joint venture with AICPA to establish the CGMA (Chartered Global Management Accountant) designation with the global quality standard of management accounting. The CGMA designation recognizes the committed and talented management accountants with the skill and discipline to drive strong performance in business.
The world-renowned professional organization CIMA, or the Chartered Institute of Management Accountants, provides corporate executives with the information and abilities they need to make wise decisions. If you want to work in management accounting, CIMA is the best place to start. With over 210,000 members in 178 nations, CIMA provides a plethora of tools and chances for career advancement.
A globally recognized certification that attests to one's proficiency in financial management is the CIMA. In the world of finance, it is regarded as one of the most demanding and esteemed degrees accessible. In addition, Professionals from all throughout the world hold the CIMA qualification, and top companies greatly value those who do. The CIMA certificate is unquestionably for you if you want to work in finance or if you are currently employed in the industry and wants to advance in your position. https://myfuture.cimaglobal.com/
This CIMA certification is the most prestigious worldwide technical portfolio development program for management professionals.
CIMA is divided into Certification Level and Professional Levels.
A certification for entry-level business accounting is the CIMA Qualification.
Pursuing Operational Level Studies requires a certain level of skill in accounting or business studies.
One should have one of these to qualify for the Operational Exam:
CIMA Qualification in Business Accounting
Master's in Accounting or MBA
Membership of ICWAI: Any relevant qualification to get an exemption from the CIMA Certificate in Business Accounting
For Management Level studies, CIMA Operational level studies and Operational Case studies should be cleared.
And for Strategic Level studies, operational and management level studies, along with their case studies, should be completed and cleared.
The reach of CIMA is rapidly expanding both in India and beyond. A student who completes CIMA is not only qualified to pursue a career in accounting, finance, or management accounting, but they are also qualified to work in management fields. The CIMA qualification is distinct from other professional qualifications due to its unique proposal. Additionally, CIMA grants you a certification, an advanced diploma, or membership, which broadens your horizons both in India and internationally, upon completion of each level. Additionally, the CIMA's affiliation with the AICPA in the US has contributed to the expansion of opportunities.
MNC companies and the Big Four consulting firms (PwC, Deloitte, KPMG, and EY) employ CIMAs in India at every level for a variety of positions related to financial reporting, management accounting, Finance and Management.
It generally covers the role of Junior Accountants and gives you a good understanding and knowledge of how to prepare financial statements, provide management accounting information, and use appropriate tools to make business decisions. This level covers primarily three areas:
This one covers the role of the Manager who connects the Sr. Management with employees. One will learn how to prepare group accounts, make pricing and product decisions, and manage projects and relationships.
This advanced level prepares you for the Senior Managerial role. The syllabus concentrates on making strategic decisions and providing the context for implementing those decisions. Candidates learn how to formulate financial strategy, manage strategic relationships, and identify and manage risk.
| Accounting | Management Accounting | Risk Management | Financial Management & Treasury |
|---|---|---|---|
| Financial Reporting | Budgeting | Forecasting | Risk Identification & Reporting | Investment Appraisal |
| Fixed Assets Accounting | Financial Planning & Analysis | Monitoring Risk | Cash & Working Capital Management |
| Accounts Payable | Receivable, etc. | Variance Analysis, etc. | Risk Mitigation, etc. | Foreign Exchange Management, etc. |
The entire fee is divided into four categories:
| Objective type | Case Study | |
|---|---|---|
| Exam at each level | 3 | 1 |
| Duration | 90 | 180 mins |
| Paper type | Objective type | Integrated case study |
| Exam Frequency | Daily based on availability at Pearson Center | 4 times a year (Feb, May, Aug, Nov) |
| Result Declaration | Immediately | After 1 month of the exam |
CIMA consists of four levels: Certificate, Operational, Management, and Strategic Level. Each level consists of four tests, for a maximum of sixteen exams (all computer-based). The remaining three exams are pre-viewed based case study exams (Operational Case Study, or OCS, Management Case Study, or MCS, and Strategic Case Study, or SCS), which are held quarterly in February, May, August, and November. The remaining thirteen exams are on demand objective exams, lasting two hours each.
The cost of completing the CIMA qualifying process varies according on the CIMA route you choose (i.e. Normal route, FLP route or Pathways).
In India, the average cost of CIMA for an undergraduate pursuing the FLP route is approximately INR 2 lakhs without coaching, and INR 4 lakhs with coaching.
The approximate cost of completing CIMA for a professional through paths program ranges from INR 2.5 lakhs to INR 5 lakhs.
The approximate CIMA cost for a candidate choosing the normal route is INR 3 lakhs without coaching and INR 6 lakhs with coaching.
Under the FLP (Finance Leadership Program), a qualified undergraduate student will only take the OCS, MCS, and SCS case study exams at CIMA testing facilities. A postgraduate or suitable graduate in commerce could finish CIMA with just two case study exams (MCS and SCS).
If you take this method yourself rather than through a recognized learning partner like The WallStreet School, the costs can vary and rise dramatically.
Under the FLP (Finance Leadership Program), a qualified undergraduate student will only take the OCS, MCS, and SCS case study exams at CIMA testing facilities. A postgraduate or suitable graduate in commerce could finish CIMA with just two case study exams (MCS and SCS).
Pathways: Depending on their prior training and experience, professionals in CIMA's pathway routes only need to complete one or two case studies exams (MCS and/or SCS). A CA/CMA India is just required to write SCS and is excused from the 15 CIMA papers. An MBA (Finance) or MCom with six years or more of experience is solely required to sit for the MCS and SCS exams. A professional who has worked in the accounting or finance industry for more than ten years is eligible to sit for the SCS exam directly. The CIMA, UK must approve each of these routes.
Normal Route: To be eligible for the CIMA qualification, an undergraduate must pass all 16 exams, which range from the Certificate Level to the Strategic Level. A graduate in commerce must take twelve tests, ranging from the operational to the strategic levels.
First off, traveling by FLP, Pathway, or Normal Route does not differ in terms of understanding or recognition in India or beyond. Nonetheless, the time and effort required for each method varied significantly. Pathway programs take the least amount of time and are mostly intended for working professionals. The fastest programs are the Pathway programs, which are mostly for working professionals. The FLP route and the Normal route take longer to complete, taking an average of three to four years each.
ARA Education is the best CIMA Coaching institute that provides Online | Offline | Full-time | Part-time Coaching Provider with One-time fee payment till passing | Study Notes | Daily and Weekly basis Tests| Doubt Clarification Sessions | Revision Tests | Model Exams | Campus Job Placements etc... For further information, please call us @ +91 422 - 4355539 | 94 89 87 79 79
Yes, you can still become a member of CIMA even if you are not based in the United Kingdom. CIMA has members in over 170 countries around the world.
