Following article sheds light on requirements for CIMA including technical skills, business skills, leadership skills, and ethical practices for a successful career ahead.
Pradeep was out on his usual late night walk with his neighbour. Seeing his grim face, his neighbour, an elderly man, asked the matter of concern.
“Nothing Uncle, I’m increasingly worried about my son’s career. He is a commerce student and not so keen on pursuing the common qualifications which his peers are doing. You know these days competition is so intense. Students are going abroad to study and keep themselves abreast with latest changes. I wish to ensure an education that will make him business smart and develop skills that are necessary for the 21st century. Only knowledge does not suffice these days, you see…”
“I understand Pradeep. Times have changed so much. But I do upgrade my knowledge at this age too. You see, my grand-nephew from the UK has undergone the CIMA course. I’ve also gone through news reports which state that demand for CIMA professionals is increasing.”
If you’re a concerned parent like Pradeep or a candidate like his son, the following requirements for CIMA course might be helpful.
Chartered Institute of Management Accountants (CIMA) is a leading body of professional management accountants with recognition in 179 countries. A perfect melange of various courses such as CA, CMA (earlier known as CWA), and MBA; it ensures that along with technical skill sets, you also develop skills sets that make job-ready or business-ready.
Once you’ve passed all levels and fulfilled other requirements for CIMA, you’ll be conferred the CGMA Charter (Chartered Global Management Accountant) makes you a part of a management accountants fraternity on an international level. This not only multiplies your job opportunities but also connects you to overseas peers and industry leaders.
The CGMA Competency Framework consists of the following: technical, people management, business and leadership skills.
1. People Management Skills
These skills are of utmost importance since today a finance professional is expected to liaison with various personnel at different managerial levels, also trying to guide and lead employees at grass-root levels.
2. Business Skills
While the entire young generation of India is dreaming of Startups, it lacks educational training that can develop entrepreneurial skills. CIMA curriculum imparts skills for strategy building, developing business regulations, macroeconomic analysis, etc.
3. Leadership Skills
With growing challenges of market fluctuations, technology advancements, globalization, a manager is supposed to be on his toes. Hence, in this era, wherein change is always around the corner, it will be beneficial for candidates to have leadership skill sets.
CIMA exam pattern, especially the case studies are designed in such a manner so as to study the leadership and decision-making ability of the students, thereby honing their leadership skills.
4. Ethical Practices
Keeping the recent changes in mind, the entire focus of CIMA is on ethics and professionalism. Candidates are encouraged to take ethical decisions at all levels of their employment. The curriculum is designed to produce world-class professionals with high ethical standards, also imparting knowledge to deal with ethical dilemma situations.
Hear from the industry experts, how CIMA has helped in developing their skill sets:
In one sentence, please describe how CIMA members add value to your business.
CIMA members are the masters of managing a business with knowledge of all subjects and also their skills of problem-solving and managing the business is not possessed by all.
What are essential requirements for CIMA to be developed?
From performance management to the strategic thinking in every aspect of the business side of finance. I was able to think of the owner’s / shareholders perspective by adding value rather just being an accountant in the corner office.
What skills have you gained or developed through studying CIMA?
People management, risk analysis, and strategic and operational planning are just some of the skills that I use at work daily which CIMA has helped me develop.
If you think, management accountancy is the apt choice for you and imagine yourself as taking business decisions, giving useful strategic insights, the CIMA curriculum is certainly worth a shot. For more information visit: http://www.proschoolonline.com/cima-course