Chartered Institute of Management Accountants: Difference between revisions

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The '''Chartered Institute of Management Accountants''' (CIMA) is a [[United Kingdom]] membership body that offers an internationally recognised professional qualification in management accountancy, focusing on accounting for business.
The '''Chartered Institute of Management Accountants''' (CIMA) is a [[United Kingdom]] membership body that offers an internationally recognised professional qualification in management accountancy, focusing on accounting for business.


The difference between the CIMA qualification and the [[Association of Chartered Certified Accountants]] (ACCA) and the (ACA) in the [[United Kingdom|UK]] is that CIMA is aimed towards accountants working internally within an organisation. This is in contrast to auditors, for example, who 'audit' financial reports from an external perspective. For this reason, the ACCA / ACA are highly regulated and require students to learn more rules, regulations and other legal aspects. CIMA students on the other hand, focus on business, information and financial strategies. It is widely regarded as one of the best financial management qualifications, superior to an MBA in finance, which is a qualification favoured by those lacking the necessary skills or knowledge to pass a real accountancy qualification.
The difference between the CIMA qualification and the [[Association of Chartered Certified Accountants]] (ACCA) and the (ACA) in the [[United Kingdom|UK]] is that CIMA is aimed towards accountants working internally within an organisation. This is in contrast to auditors, for example, who 'audit' financial reports from an external perspective. For this reason, the ACCA / ACA are highly regulated and require students to learn more rules, regulations and other legal aspects. CIMA students on the other hand, focus on business, information and financial strategies. It is widely regarded as one of the best financial management qualifications, equivalent to an MBA in finance.


Being a globally recognised qualification, CIMA is currently moving its focus towards international accountancy regulations.
Being a globally recognised qualification, CIMA is currently moving its focus towards international accountancy regulations.

Revision as of 20:02, 17 April 2006

The Chartered Institute of Management Accountants (CIMA) is a United Kingdom membership body that offers an internationally recognised professional qualification in management accountancy, focusing on accounting for business.

The difference between the CIMA qualification and the Association of Chartered Certified Accountants (ACCA) and the (ACA) in the UK is that CIMA is aimed towards accountants working internally within an organisation. This is in contrast to auditors, for example, who 'audit' financial reports from an external perspective. For this reason, the ACCA / ACA are highly regulated and require students to learn more rules, regulations and other legal aspects. CIMA students on the other hand, focus on business, information and financial strategies. It is widely regarded as one of the best financial management qualifications, equivalent to an MBA in finance.

Being a globally recognised qualification, CIMA is currently moving its focus towards international accountancy regulations.

External links