From first steps to membership: no one says it's going to be easy, but Camilla Berens finds out that a few good decisions early on can reduce the CIMA mountain to manageable proportions.The first steps towards becoming a CIMA member can be daunting daunt
tr.v. daunt·ed, daunt·ing, daunts
To abate the courage of; discourage. See Synonyms at dismay.
[Middle English daunten, from Old French danter, from Latin . But the mountain will seem less steep if you use the help and advice available to find the best path. And, once you start, the rewards can come quickly. According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Hays' Guide to Salaries in Accountancy and Finance, passing the CIMA certificate in business accounting can increase your earning power Earning power
Earnings before interest and taxes (EBIT) divided by total assets.
1. The earnings that an asset could produce under optimal conditions. For example, AT&T may currently be earning $2. by 2,500 [pounds sterling].
A place on a CIMA-certified graduate training scheme will make life easier, since these employers provide structured support and study timetables. But, if you study independently, it is crucial that you choose the right training provider and delivery option for you.
Distance learning courses are flexible and allow you to fit your studies around work, family and other commitments. Some distance learning courses also enable you to choose between a paper-based version or an online format. When selecting a course, make sure that you ask the following key questions:
* Will tutors answer queries by phone or e-mail and, if so, how long will it take to get a response?
* Does it provide e-mail updates and exam deadline information?
* Can you access online resources, such as exam tips and study forums?
* Are course exams provided and, if so, how long does it take to mark them?
* Will it provide suggested solutions with the marked course papers?
* Will it provide revision courses and, if so, are any of these at the weekend?
If you struggle to motivate yourself at home, you might prefer to go back to the classroom. The same questions apply as to distance learning courses, but you should check the following as well:
* Are the course exams in the same format as the real exams?
* Will you get tutors who can give you individual help and study guidance?
Once you have passed your exams you become a passed finalist. CIMA then asks you to record your work experience in a career profile. This includes an assessment of practical experience/ membership application form signed by a proposer and seconder, an employment summary, a record of your experience in the form of an extended CV and a record of your skills development. You should begin your career profile as soon as you start your relevant experience and must update it regularly.
Career profiles can be submitted for assessment as soon as you pass the managerial level exams and have a minimum of three years' relevant practical experience. You must apply for membership within five years of completing the TOPCIMA exam.
There are three areas of practical experience: basic, core and supplementary. You must have at least 18 months' experience in the core area. The advantages of becoming a member are clear. According to Hays' guide, newly qualified management accountants earn on average 33,614 [pounds sterling]--more than double the starting salary of an unqualified trainee--a motivating thought if your enthusiasm flags.
TOP TIPS FOR SUCCESS
Martin Taylor Martin Taylor could refer to:
bpp - bits per pixel Professional Education and former CIMA tutor TUTOR - A Scripting language on PLATO systems from CDC.
["The TUTOR Language", Bruce Sherwood, Control Data, 1977]. of the year, offers advice for each stage of the CIMA exams.
CIMA certificate in business accounting
* Ask about exemptions.
* Study papers CO1 (Fundamentals of Management Accounting) and CO2 (Fundamentals of Financial Accounting) first. These papers provide the fundamental building blocks for the syllabus A headnote; a short note preceding the text of a reported case that briefly summarizes the rulings of the court on the points decided in the case.
The syllabus appears before the text of the opinion. .
* Computer-based assessments for this level are available weekly, but don't don't
1. Contraction of do not.
2. Nonstandard Contraction of does not.
A statement of what should not be done: a list of the dos and don'ts. get a false sense of security. Choose a date for your assessment and stick to it.Time your assessments so that, for example, if you pass the certificate level by the end of July July: see month. , you have time to study for managerial level exams in November November: see month. .
BPP recommends a specific order of papers to ensure a balance between narrative and numerical numerical
expressed in numbers, i.e. Arabic numerals of 0 to 9 inclusive.
a numerical code is used to indicate the words, or other alphabetical signals, intended. information. Papers P4 and P7 should be followed by papers P1 and P5 and then by papers P2 and P8
This stage requires logic and analysis, so students should use practice exam questions almost from the first week of study.
This is unlike any other exam. It tests skills including judgment, logic and the ability to prioritise Verb 1. prioritise - assign a priority to; "we have too many things to do and must prioritize"
grade, rate, rank, place, range, order - assign a rank or rating to; "how would you rank these students?"; "The restaurant is rated highly in the food . A lot of students spend too much time reading the TOPCIMA pre-seen scenario and not enough thinking about how they can develop and build higher skills in that setting. The examiners are interested in how you analyse an·a·lyse
v. Chiefly British
Variant of analyze.
analyse or US -lyze
[-lysing, -lysed] or -lyzing, and use the information available.
* Make the most of your tutor's knowledge. Two minutes on the phone to a tutor can save two hours of worry or trawling For fishing by dragging a baited line after a boat, see .
Trawling is a method of fishing that involves actively pulling a fishing net through the water behind one or more boats, called trawlers. through books. Take advantage of open days offered by training providers to talk to tutors.
* Look for opportunities to expand your experience at work and ask your employer to move you into different roles. This will give you a range of experience to reinforce your CIMA studies and will speed up your eligibility for full membership. Ensure that your first rote rote 1
1. A memorizing process using routine or repetition, often without full attention or comprehension: learn by rote.
2. Mechanical routine. offers you some basic accounting experience. Try also to obtain specialist technical knowledge in areas such as taxation, treasury and credit control. By the time you reach TOPCIMA you should be looking for Looking for
In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a role involving more analysis and business forecasting.
COMPANY TRAINING SCHEMES: A GUIDE FOR EMPLOYERS
Financial support usually covers the courses students attend at college and exam fees. It can aLso cover subscription payments to CIMA. Most companies also pay for all material costs, enrolment/exemption fees and subscriptions to professional magazines. Most do not offer support for resits and reduce study leave to two days per paper.
CIMA and the training providers will suggest levels of study leave and financial support, but it's it's
1. Contraction of it is.
2. Contraction of it has. See Usage Note at its.
it's it is or it has
it's be ~have also important to consider what your competitors offer and your company's financial constraints CONSTRAINTS - A language for solving constraints using value inference.
["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. . Students generally do better when they're given sufficient leave to attend a taught course and a revision course for each paper, as well as time off for exams.
Speed of progression
Consider whether you want trainees to sit their exams every six months or once a year. If once a year, decide which sitting would be the most convenient.
Work and study
Can your company organise the trainees' work to coincide with areas in their training? You may get direct benefits from this as well as the gains from providing a supportive culture for students.
Pay and progression
Students are likely to expect a pay increase as they progress through their exams. Salary surveys give companies and students an idea of normal rates in their industry. Students' motivation generally increases when there are clear pay rewards for achievements in exams and at work. It's also important to plan job changes when trainees qualify.
General tips for a quality scheme
Ensure that the scheme is supported by the most senior person in the finance department. Celebrate exam successes and promote mentoring in the company. It is wise to review your training policies annually to ensure that the scheme remains up to date.
A full list of CIMA Training Partners can be found at www.cimaglobal.com/trainingsearch.
Source: A guide to setting up a company training scheme, BPP Professional Education.