Below are some items/steps that we suggest staff consider.
Click on the sections below for more information.
Q. Review the syllabus and requirements to make sure that it is the right qualification for you.
Q. Will you be able to meet the Practical Experience Requirements?
Becoming a Chartered Management Accountant is more than just passing exams you also have to demonstrate that you have 3 years of relevant work experience. Have you already got this from your current or previous roles? Is there scope for getting this in your role in the future? Is there opportunity for gaining this experience outside of work with external businesses or volunteering with clubs and societies? May you need to change roles?
Q. Are you eligible for any exemptions?
For example are you AAT qualified or have other accounting qualifications. Please note you will need to submit any exemption requests to CIMA, await their approval and pay all associated fees before you are able to register for your first exam. Be aware that this can take a number of weeks.
Q. How and where would you like to study?
A number of study options are available ranging from the traditional face-to-face courses during weekdays, evenings or at weekends to a growing number of online or home study options. Many suppliers let you mix and match styles for different papers or for even different elements of the same course e.g. taught and revision.
Q. Which papers are you going to start with and how many are you planning to study in year?
At each level the objective papers can be taken in any order although they all need to be completed before you sit the integrated case study for that level. Whereas the objective papers can be sat 'on-demand' the case studies have four sittings a year: February; May; August and November. Therefore, think carefully about how much study time you can realistically submit to, (especially if it is a while since you have last studied) and what are the busier times of the year both at home and work.
Q. How much is it going to cost?
To a certain extent this will depend on which study method, supplier and the number of papers that you decide to take. But remember to also factor in:
- the cost of the exemptions;
- the one-off CIMA administration fee;
- your annual CIMA student subscription;
- the exam fees themselves;
- any VAT on tuition fees.
Q. Are you able to get any funding support?
In general the Finance Division is unable to financially support staff from outside their own Division in studying towards ACCA and CIMA, although we are happy to co-ordinate any bookings with local suppliers to ensure that you receive the benefit of the University discounts. Other potential areas of financial support include:
- Your department – if you have not already done so it may be worth discussing with them to see if they are able to help both in terms of time and/or funding.
- For assistant staff HR have:
- For academic-related staff within the UAS the Advisory Group on Administrative Training (AGAT)