1. 2. THE CIMA CHARTERED MANAGEMENT ACCOUNTING QUALIFICATION 2005

2. What the CIMA professional qualification looks like……in 2005

3. Award - Member of the Chartered Institute of Management Accountants
Test of Professional Competence in Management
Accounting (TOPCIMA)
Business
Management Pillar
Management
Accounting Pillar
Financial
Management Pillar
Paper P6
Management
Accounting
Business
Strategy
Paper P3 -
Management
Accounting Risk
and Control
Strategy
Paper P9
Management
Accounting
Financial
Strategy
Strategic Level
Award - CIMA Advanced Diploma in Management Accounting
Practical
Experience
Recorded as a
Career Profile with
record of skills
development (RSD)
Minimum of
Three Years of
Relevant Experience
Paper P5 -
Integrated
Management
Paper P2 -
Management
Accounting
Decision
Paper P8 -
Financial
Analysis
Managerial Level
Paper P4 -
Organisational
Management
and Information
Systems
Paper P1 -
Management
Accounting
Performance
Evaluation
Paper P7 -
Financial
Accounting and
Tax Principles
Pre-requisite Entry Requirements (e.g. CIMA Certificate in Business Accounting)
Prior experience can
be included

4. Award - Member of the Chartered Institute of Management Accountants
Test of Professional Competence in Management
Accounting (TOPCIMA)
Business
Management Pillar
Management
Accounting Pillar
Financial
Management Pillar
Paper P6
Management
Accounting
Business
Strategy
Paper P3 -
Management
Accounting Risk
and Control
Strategy
Paper P9
Management
Accounting
Financial
Strategy
Strategic Level
Award - CIMA Advanced Diploma in Management Accounting
Practical
Experience
Recorded as a
Career Profile with
record of skills
development (RSD)
Minimum of
Three Years of
Relevant Experience
Paper P5 -
Integrated
Management
Paper P2 -
Management
Accounting
Decision
Paper P8 -
Financial
Analysis
Managerial Level
Paper P4 -
Organisational
Management
and Information
Systems
Paper P1 -
Management
Accounting
Performance
Evaluation
Paper P7 -
Financial
Accounting and
Tax Principles
Pre-requisite Entry Requirements (e.g. CIMA Certificate in Business Accounting)
Prior experience can
be included

5. 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

6. 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

7. 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)

8. Study Routes
Managerial Level - Alternative A

9. Study Routes
Managerial Level - Alternative B

10. Study Routes
Managerial Level - Alternative C

11. Study Routes
Strategic Level - No Alternative

12. Current CIMA 2000 Curriculum

13. 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%

14. New CIMA 2005 Curriculum

15. 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%

16. 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%

17. 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%

18. 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 - 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%

19. Current CIMA 2000 Curriculum

20. 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%

21. New CIMA 2005 Curriculum

22. 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%

23. New CIMA 2005 Curriculum P5 Integrated Management
A. The basis of strategic management - 30%
B. Project management - 40%
C. The management of relationships - 30%

24. 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%

25. 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 - 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%

26. 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%

27. 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%

28. 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%

29. 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

30. 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

31. 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)

32. 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

33. TOPCIMA Assessment Matrix

34. TOPCIMA Assessment Matrix

35. TOPCIMA Assessment Matrix
Example:
Criteria - Technical
“…have a sound technical knowledge of the specific subjects of the curriculum”
This rewards the knowledge itself

36. 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!)

37. 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

38. 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

39. 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)

40. 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

41. Practical Experience Requirements - Have They Changed?
The skill statements required in the RSD will fall within three headings:
personal skills
interpersonal skills
organisational skills

42. Practical Experience Requirements - The RSD

43. The CIMA Certificate in Business Accounting - What is happening to it?
The Certificate (formerly the Foundation level) has been separated from CIMA’s Professional qualification
It is now an entry requirement for the CIMA Professional Chartered Management Accounting Qualification

44. 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

45. Lecturers’ conference 2004
Sponsored by

46. CIMA Official Study Systems
New editions fully support the new syllabus

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

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

49. How Can You Keep Up To Date?
Reading CIMA Insider
The website
cimaglobal.com/professionalqualifications
Ask us!