This course is a unique blend of CA and MBA thus enabling you to put to practice what you learn. This makes it the preferred qualification by employers worldwide who are looking for, “Brains that know how to run businesses successfully”. One can pursue this course immediately after X standard and can flexibly complete it before graduation. This makes you ready for a coveted job after graduation and upon completing three years of work experience for the title of CIMA professional. Further CIMA professionals have the privilege to be entitled CGMA (Chartered Global Management Accountant) powered by CIMA and AICPA two of world’s most prestigious entities, thus strengthening your resume and demonstrating your business acumen, ethics and commitment necessary for a globally successful career. Numerous jobs with an average package of INR 5- 10 Lakh are available for holder of this qualification which of course grows with your increasing work experience.
Cert BA Level
Fundamentals of Management Accounting (BA2):
BA2 covers the knowledge and techniques that are the basis on management accounting. It identifies how the management accountant(both commercial and in the public sector) fits within an organisation and the role of CIMA. It includes the identification and classification on costs and how they provide the basis for the techniques used to plan, control and make decisions. It also includes how the performance of organisations can be reported and analysed through budgetary controls and the calculation of variances.
Management Accounting (P1):
P1 focuses on the budgeting process as it is vital in executing the organisation’s strategy. They emphasis on the importance of the role of costs and the drivers of costs in the production, analysis and use of information in decision making. This will help build skills and knowledge on how to analyse information on costs, volumes and prices in order to make short term decisions on products and services. You will understand the role of risk in these decisions.
Operational Case Study (OCS):
Operational Case Study is the analysis of a fictional company in an industry and the focus point of the students are operations, marketing, finance and performance with minimal leadership and integration. At this level, we draw concepts from E1-P1-F1 and prove the evaluator our sufficient hold on all these 3 areas as we apply the knowledge practically in real life scenarios.
Project and Relationship Management (E2):
The E2 syllabus shows an internal and external viewpoint of an organisation giving you a deeper understanding of the structure of an organisation. Here we focus on the concept of strategy, where we identify how the organisation’s strategy can be implemented through its people, projects, processes and relationships.
Advanced Management Accounting (P2):
Here you will gain a deeper insight in into costs and the drivers of costs, which will build your knowledge and provide you with the skills needed to analyse, plan and manage costs. This will support the implementation of the organisational strategy.Using short term budgets and in the content of longer term strategies, it will demonstrate how to control and manage the business performance. It will help in the manage-met of risks related to the decisions made within an organisation
Advanced Financial Reporting (F2):
F2 includes the sourcing of the long-term finance necessary to fund organisations. Capital investment is important within this area. It features the complexity of group accounting and the rules that govern many areas of the financial statements while also emphasizing the importance of taking an analytical approach. By examining these statements it allows you to reach conclusions on the organisation’s performance relative to other organisations.
Management Case Study (MCS):
Management Case Study is focusing on any industry but the candidate is assumed to be in Middle Management and he has not only to prove sufficient grasp of E2-P2-F2 but also Leadership skills to motivate and control the junior Management, as well as negotiations with senior management. Advanced levels of challenges call for more advanced thinking in terms of Enterprise, Performance and Finance.
Strategic Management (E3):
This syllabus provides an insight on how organisations successfully implement their strategies by aligning four key areas of their business- people, processes, projects and relationships. E3 also focuses on developing the capabilities of strategic leaders of organisations which enables them to develop a vision and direction for the business.
Risk Management (P3):
P3 focuses on the different types of risks in the implementation of a strategy within an organisation. It identifies methods to manage those risks through processes, techniques and internal control systems. Risks associated with cash flows and capital investment decisions are specifically covered.
Financial Strategy (F3):
The F3 syllabus focuses on how the financial strategy is developed in an organisational strategy. It also creates new skills that allow you to assess the financial requirements of organisations and evaluate alternative sources of finance. It helps build skills required to value investment opportunities such as mergers, acquisitions and divestment.
Strategic Case Study (SCS):
At the Strategic Level, the candidate is assumed to be the CFO and he/she reports directly to the Board on special projects, all of which includes strategy, risk management and advanced finance. Leadership and integration skills are critical here because the entire organization is depending on our clarity of insight.