2. THE CIMA CHARTERED MANAGEMENT ACCOUNTING QUALIFICATION 2005

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2. THE CIMA CHARTERED MANAGEMENT ACCOUNTING
QUALIFICATION 2005
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What the CIMA professional qualification looks
likein 2005
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Award - Member of the Chartered Institute of
Management Accountants
Strategic Level
Managerial Level
Pre-requisite Entry Requirements (e.g. CIMA
Certificate in Business Accounting)
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Award - Member of the Chartered Institute of
Management Accountants
Strategic Level
Managerial Level
Pre-requisite Entry Requirements (e.g. CIMA
Certificate in Business Accounting)
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Key Design Features

• Separation of the Professional Chartered
  Management Accounting Qualification from the CIMA
  Certificate in Business Accounting

• New entry requirements to the CIMA Professional
  Qualification
• A qualification structure that is easy to
  understand
• Three learning pillars separated into two levels
  - Managerial and Strategic

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Key Design Features

• An International curriculum
• Fewer examinations
• Complete flexibility as to how students can study
  for and sit the examinations for the six
  Managerial level subjects. (students can sit
  from 1 to 6 papers at each exam diet and in any
  order they wish)
• CIMA Advanced Diploma is awarded on successful
  completion of the Managerial level subjects

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Key Design Features

• A new P10 - Test of Professional Competence
• Opportunity to submit the Career profile for
  assessment of practical experience following
  completion of the CIMA Advanced Diploma (subject
  to having minimum 3 years of relevant experience)

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Study Routes
Managerial Level - Alternative A
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Study Routes
Managerial Level - Alternative B
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Study Routes
Managerial Level - Alternative C
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Study Routes
Strategic Level - No Alternative
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Current CIMA 2000 Curriculum
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Current CIMA 2000 Curriculum
4 Finance (I) The finance function - 10 (ii)
Sources of long term finance - 30 (iii) Sources
of short term finance - 20 (iv) Working capital
management - 40
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New CIMA 2005 Curriculum
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New CIMA 2005 Curriculum
P7 Financial Accounting and Tax Principles A.
Principles of business taxation - 20 B.
Principles of regulation of financial reporting-
10 C. Single company financial accounts - 45 D.
Managing short term finance - 25
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New CIMA 2005 Curriculum
P9 MA Financial Strategy A. Formulation of
financial strategy - 20 B. Financial management
- 30 C. Business valuations acquisitions -
25 D. Investment decisions project control -
25
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New location of current content
P7 Financial Accounting and Tax Principles A.
Principles of business taxation - 20 B.
Principles of regulation of financial reporting-
10 C. Single company financial accounts - 45 D.
Managing short term finance - 25
4 Finance (I) The finance function - 10 (ii)
Sources of long term finance - 30 (iii) Sources
of short term finance - 20 (iv) Working capital
management - 40
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New location of current content
P9 MA Financial Strategy A. Formulation of
financial strategy - 20 B. Financial management
- 30 C. Business valuations acquisitions -
25 D. Investment decisions project control -
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4 Finance (I) The finance function - 10 (ii)
Sources of long term finance - 30 (iii) Sources
of short term finance - 20 (iv) Working capital
management - 40
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Current CIMA 2000 Curriculum
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Current CIMA 2000 Curriculum
10 Systems Project Management (I) Project
management - 30 (ii) IT systems - 35 (iii)
Control of activities resources - 10 (iv)
Audit of activities systems - 15 (v)
Management of quality - 10
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New CIMA 2005 Curriculum
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New CIMA 2005 Curriculum
P4 Organisational Management and Information
Systems A. Information systems - 20 B. Change
management - 10 C. Operations management -
20 D. Marketing - 20 E. Managing human capital
- 30
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New CIMA 2005 Curriculum
P5 Integrated Management A. The basis of
strategic management - 30 B. Project management
- 40 C. The management of relationships - 30
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New CIMA 2005 Curriculum
P3 MA Risk Control Strategy A. Management
control systems - 15 B. Risk internal control
- 20 C. Review audit of control systems -
15 D. Management of financial risk- 30 E. Risk
control in information systems - 20
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New location of current content
P4 Organisational Management and Information
Systems A. Information systems - 20 B. Change
management - 10 C. Operations management -
20 D. Marketing - 20 E. Managing human capital
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10 Systems Project Management (I) Project
management - 30 (ii) IT systems - 35 (iii)
Control of activities resources - 10 (iv)
Audit of activities systems - 15 (v)
Management of quality - 10
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New location of current content
P5 Integrated Management A. The basis of
strategic management - 30 B. Project management
- 40 C. The management of relationships - 30
10 Systems Project Management (I) Project
management - 30 (ii) IT systems - 35 (iii)
Control of activities resources - 10 (iv)
Audit of activities systems - 15 (v)
Management of quality - 10
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New location of current content
P3 MA Risk Control Strategy A. Management
control systems - 15 B. Risk internal control
- 20 C. Review audit of control systems -
15 D. Management of financial risk- 30 E. Risk
control in information systems - 20
10 Systems Project Management (I) Project
management - 30 (ii) IT systems - 35 (iii)
Control of activities resources - 10 (iv)
Audit of activities systems - 15 (v)
Management of quality - 10
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New location of current content
P3 MA Risk Control Strategy A. Management
control systems - 15 B. Risk internal control
- 20 C. Review audit of control systems -
15 D. Management of financial risk- 30 E. Risk
control in information systems - 20
10 Systems Project Management (I) Project
management - 30 (ii) IT systems - 35 (iii)
Control of activities resources - 10 (iv)
Audit of activities systems - 15 (v)
Management of quality - 10
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P10 - TOPCIMA

• P10 is a Test of Professional Competence in
  Management Accounting
• Based on a Case Study
• There is no specific syllabus content - material
  from any part of the syllabus could be
  potentially relevant when resolving the problem
  set

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P10 - TOPCIMA
Is it similar to the current Paper 15 - MA Case
Study?

• For students, the new P10 will involve much the
  same assessment activity as the current Case
  Study
• P10 will operate in the same way as the current
  Case Study - publication of pre-seen material at
  least 6 weeks before the exam, requiring study
  and research to be undertaken by the student

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P10 - TOPCIMA
Is it similar to the current Paper 15 - MA Case
Study?

• Further unseen material will be provided in the
  examination, together with the requirements
  (question)

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P10 - TOPCIMA
So what is different to the current Paper 15 - MA
Case Study?

• Assessment
• A new assessment matrix will be used that has a
  number of different assessment criteria
• Most significantly - more weight is attached to
  knowledge and its correct selection and
  application when solving problems

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TOPCIMA Assessment Matrix
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TOPCIMA Assessment Matrix
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TOPCIMA Assessment Matrix
Example Criteria - Technical

• have a sound technical knowledge of the
  specific subjects of the curriculum
• This rewards the knowledge itself

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TOPCIMA Assessment Matrix
Example Criteria - Application

• can apply technical knowledge in an analytical
  and practical manner
• This is about the way in which the knowledge is
  used (or not!)

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TOPCIMA Assessment Matrix
Example Criteria - Focus

• can solve a particular problem by
  distinguishing the relevant information from the
  irrelevant in a given body of knowledge
• This relates to the data processing from the
  scenario and exhibits to the answer

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P10 - TOPCIMA
So what is different to the current Paper 15 - MA
Case Study?

• It is a stand alone test (after the Strategic
  level)
• It is a pathway directly into membership for
  those who have previously had their practical
  experience assessed and approved

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Practical Experience Requirements - Have They
Changed?

• The Career Profile will still be used to record
  experience
• As part of our normal regular review, minor
  changes may be made to experience areas during
  the next 6 months, to widen scope
• A new section will be added to the Career profile
  - The Record of Skills Development (RSD)

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Practical Experience Requirements - Have They
Changed?

• The RSD requires students/passed finalists to
  provide statements that document instances where
  behavioural skills have been demonstrated and
  developed through work experience
• The aim of including the RSD is to signal the
  importance that CIMA attaches to the development
  of such skills by future members

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Practical Experience Requirements - Have They
Changed?

• The skill statements required in the RSD will
  fall within three headings
• personal skills
• interpersonal skills
• organisational skills

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Practical Experience Requirements - The RSD
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The CIMA Certificate in Business Accounting -
What is happening to it?

• The Certificate (formerly the Foundation level)
  has been separated from CIMAs Professional
  qualification
• It is now an entry requirement for the CIMA
  Professional Chartered Management Accounting
  Qualification

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The CIMA Certificate in Business Accounting -
What is happening to it?

• Other exempting qualifications can be used as an
  entry route into the CIMA Professional Chartered
  Management Accounting Qualification

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Lecturers conference 2004
Sponsored by
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CIMA Official Study Systems
New editions fully support the new syllabus
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Key Dates and Deadlines

• May 2004 - exams under the current 2000 syllabus
• 31 July 2004 - last date for students to register
  with CIMA under the current syllabus
• 1 August 2004 - students transferred from current
  to new qualification - personalised statements of
  their transition arrangements (planned to be put
  on the web)
• November 2004 - last exams under the current 2000
  syllabus

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Key Dates and Deadlines

• January 2005 - exam results published for the
  last diet of exams based on the 2000 syllabus
• 1 February 2005 - students who sat the November
  2004 exams have their personal transition
  arrangements updated
• May 2005 - First exams under the new 2005
  Professional Qualification syllabus

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How Can You Keep Up To Date?

• Reading CIMA Insider
• The website
• cimaglobal.com/professionalqualifications
• Ask us!