1. The CIMA Chartered Management Accounting Qualification 2010July 2009 Presented by: Dr (Hon) Robert G. Jelly, Director of Education, CIMA The Chartered Management Accounting Qualification 2010

2. The CIMA Chartered Management Accounting Qualification 2010July 2009 Overview  Evolution not revolution – changes made where necessary – primary stakeholder feedback + extensive benchmarking  Further enhances differentiation  Meets stakeholder needs in a balanced way  A “new TOPCIMA” linking the Case Study to PER – with the full support of the Membership Board

3. The CIMA Chartered Management Accounting Qualification 2010July 2009 Overview  4 levels – Operational; Management; Strategic; and Professional Competence CIMA Diploma in Management Accounting  A new CIMA Diploma in Management Accounting – further rewarding student success  A clear progression strategy for students  The involvement of CIMA Marketing and Communications staff throughout

4. The CIMA Chartered Management Accounting Qualification 2010July 2009 Depth and Breadth of Research Stakeholder research included:  Employers and Members  CIMA Faculty Members – Examiners, Moderators etc  CIMA Tuition Providers  CIMA Students  HE Partners

5. The CIMA Chartered Management Accounting Qualification 2010July 2009 Product Development  Proposals were prepared for the new 2010 qualification – driven by the outcome of the stakeholder research  These proposals were examined in detail by the Project Board and subsequently approved  The new 2010 qualification specification was then discussed and approved by the Lifelong Learning Policy Committee

6. The CIMA Chartered Management Accounting Qualification 2010July 2009 Product Development Organisational Attributes Size of Organisation Number of Employees% 1-10025% 101-50022% 501-250020% 2501-1000018% 10001 +14% Data missing/Unclear1%

7. The CIMA Chartered Management Accounting Qualification 2010July 2009 SectorFrequency Manufacturing23% Financial services14% Engineering, construction, extractive13% Retail, trade, distribution11% Public Sector11% Non-financial services8% IT and telecommunications8% Public Practice/consulting6% Education and training4% Other (Not-for-profit)2% Product Development Se ctors

8. The CIMA Chartered Management Accounting Qualification 2010July 2009 The 2010 CIMA Qualification Structure

9. The CIMA Chartered Management Accounting Qualification 2010July 2009 - Paper P1 Performance Operations - Paper P2 Performance Management Performance PillarFinancial PillarEnterprise Pillar - Paper F2 Financial Management - Paper F1 Financial Operations - Paper F3 Financial Strategy - Paper P3 Performance Strategy - Paper E3 Enterprise Strategy Test of Professional Competence in Management Accounting Pre-requisite Entry RequirementsegCIMA Certificate in Business Accounting S t r a t e g i c L e v e l M a n a g e m e n t L e v e l - Paper E1 Enterprise Operations - Paper E2 Enterprise Management Award-CIMA Advanced Diploma in Management Accounting Award-CIMA Diploma in Management Accounting p O e r a t i o n a l L e v e l Award– Member of the Chartered Institute of Management Accountants Part A– Initial Professional Development Assessment of Practical Experience Part B– Case Study Examination based on Preseen and Unseen Material

10. The CIMA Chartered Management Accounting Qualification 2010July 2009

11. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Enterprise Pillar

12. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Enterprise Pillar

13. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Enterprise Pillar

14. The CIMA Chartered Management Accounting Qualification 2010July 2009 Enterprise Pillar change management From P9 finance function relationships assessing the competitive environment context of globalisation

15. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Performance Pillar

16. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Performance Pillar

17. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Performance Pillar

18. The CIMA Chartered Management Accounting Qualification 2010July 2009 Performance Pillar generation of business information rebalancing application of information in management From P7 more on external audit (role & interaction)

19. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Financial Pillar

20. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Financial Pillar

21. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Financial Pillar

22. The CIMA Chartered Management Accounting Qualification 2010July 2009 To P1 Financial Pillar addition of ethics basic consolidation To E2 - finance function relationships reorganisation and rebalancing addition of examinable context at each diet

23. The CIMA Chartered Management Accounting Qualification 2010July 2009 SKILL REQUIRED Operational ManagementStrategic Qualification Assessment LEVEL4/5 3 1/2 100% 80% 60% 40% 20% 0%

24. The CIMA Chartered Management Accounting Qualification 2010July 2009 Key features:  All exams remain at 3 hours duration  Reduced objective testing – robustness – improving progression rates at higher levels  Increased compulsion within papers - greater transparency with an expectation that core requirements will be regularly assessed Qualification Assessment

25. The CIMA Chartered Management Accounting Qualification 2010July 2009 Operational level:  Reduced objective testing  Increased compulsion within papers - greater transparency with an expectation that core requirements will be regularly assessed Qualification Assessment

26. The CIMA Chartered Management Accounting Qualification 2010July 2009 Management level:  Removal of objective testing  More questions requiring discursive skills  Increased compulsion within papers Qualification Assessment

27. The CIMA Chartered Management Accounting Qualification 2010July 2009 Strategic level: Qualification Assessment  A common scenario across all three strategic level papers, published as pre-seen material before the exam (approx 3 to 5 pages) for the 50 mark question…… one page of unique unseen material in each exam

28. The CIMA Chartered Management Accounting Qualification 2010July 2009 Award - Member of the Chartered Institute of Management Accountants Test of Professional Competence in Management Accounting Part A– Initial Professional Development– Assessment of Practical Experience Part B– Case Study Examination based on Preseen and Unseen Material Qualification Assessment Professional Competence level:

29. The CIMA Chartered Management Accounting Qualification 2010July 2009 Award - Member of the Chartered Institute of Management Accountants Test of Professional Competence in Management Accounting Part A– Initial Professional Development– Assessment of Practical Experience Part B– Case Study Examination based on Preseen and Unseen Material Qualification Assessment Professional Competence level: 50 credits TO PASS TOPCIMA = 75 credits Minimum to pass = 50 25

30. The CIMA Chartered Management Accounting Qualification 2010July 2009 The Chartered Management Accounting Qualification 2010 US FOCUSED ON THE FUTURE

31. The CIMA Chartered Management Accounting Qualification 2010July 2009 … any questions?