The Chartered Institute of Management Accounts has come up with the very much talked about course of CIMA, based out of London. It is basically a course that blends both management and financial accounting to provide students with an ability to make a more holistic career choice under one umbrella of CIMA. Being a business accounting certification course, there would never be a second doubt in the minds of the pursuant about their career choices. It is obviously highly regarded by the employers globally.
There’s a whole lot of comparisons of CIMA with courses like ACCA, US CMA etc which explains the difficulty level of the exam. Goes without saying, the exam’s a tough one. Strategic and disciplined study is the only key that can help you get through. There are no short cuts! Like every other exam, time management is the most important.
The exam is completely based on case studies which makes it interesting with real world application. The course pushes a person to think deeply and make choices, make decisions that you’ll be required to make like you run the business. It is not that exam that you could cram through. The very fact that CIMA forces you to anticipate what will happen next and what is to come makes it pretty evident that thinking and logical explanations are the two pillars that the course stands upon.
It emphasizes your decision making abilities and teaches you how to run a business. It also stresses on how to turn a business into profitability and also talks about the converged accounting standards. It helps you learn how to make and deal with the financial statements in accordance with the International IFRS. The key reason why students take up the course is because of how it integrates finance and accounts that has never been provided under one single course before, hence, the recognition among the employers.
Being an international degree, it highly speaks of the fact that you can represent on the board level and not just cave yourself to one aspect of accounting. The exam structure is also very different from that of the Indian qualifications hence, global recognition and shifts is one major reason why students would want to pick this course. It helps you talk about the decision making process, how one could make major decisions that owners of the businesses make. It is majorly a value addition course to yourself since it leaves you with bucket loads of knowledge that make you seem, be, act and make a difference like a professional.
Another side advantage is that it goes beyond what the Indian qualifications teach you- making calculations, it helps you be more futuristic, analytical, strategize stuff, grow and climb up the vertical corporate ladder. Management Accounting looks like the next big thing in the Indian businesses, so the course is very much going to add a weight to your resume.
Recently, CIMA conducted their annual convocation ceremony for members and students where we got a chance to Interact with few recent candidates and know their experience about the course. You can watch the complete video here:
We have seen so many people who are already CA’s, CS or CWA’s are picking up the course as an added degree because of it is global recognition and the cohesive whole that it creates by integrating core finance, financial accounts, strategizing and management accounting into one. It is common for CA, CS and CWA’s to take up the course of CIMA because of the interrelated syllabus.
Even students pursuing an MBA say that it very much supports what they're already taught and help them reach to the core of the topics that are taken up in the course study of their MBA’s. Hence, if you actually think that you might be interested in a wholesome degree, CIMA is your go-to with a promising career.
CIMA is the world's leading, and largest, professional body of management accountants. Our unique blend of management accounting, financial accounting and business-focused subjects produces competent and confident CGMAs who can lead their organisations to sustainable success.
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