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THE CIMA® CHARTER

For extraordinary accounting & finance professionals readying for strategic roles in global organizations.

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CIMA® is the most distinctive validation of advanced knowledge in the super-specialized areas of investment and management accounting. A truly gilt-edged global qualification, the CIMA® charter equips professionals with a proven readiness for generating critical financial intelligence that organizations require to monitor, manage and grow their businesses, investment assets and portfolios.

Super-Specialize & Stand Out

You're a professional and not a commodity. Start standing out. Earn CIMA®. It is your most rock solid proof, you are a super-specialist accounting professional with a demonstrated potential to directly impact the value, competitiveness and growth of global corporations. CIMA® is the most respected validation of your capabilities to generate financial intelligence and insights that fuel growth of organizations and enhance value for stakeholders across the board. With their expertise and knowledge in the complex multi-disciplines of investment & management accounting, CIMA® charter-holders assure employer organizations and clients of their versatility and readiness for improving operational and strategic performance and outcomes.

Earn CIMA® Faster

You can earn your CIMA® charter within six to nine months, if you are already oriented to accounting, finance and business via other qualifications. You get to register along the Professional Pathway if you hold a specialist, globally recognized certification or a professional charter in finance, accountancy, management accountancy, cost accounting, public accounting or company secretaryship. The Pathway requires taking only one, unified exam, instead of two in the Standard route, accelerating your CIMA® program journey.
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Arrive & Impact

The CIMA® program journey shapes you for strategic roles that directly help top managements and CXOs of organizations take decisions impacting growth, revenues, competitiveness and firm value. Designed for professionals having diverse financial and accounting experiences and industry backgrounds, the CIMA® charter is valid for life, is easy to maintain, and leads to the elite professional membership of the CIMA Institute. CIMA® is a must-have qualification for you, if you hold at least a Bachelor’s degree in accounting or finance or any of the related areas.

CIMA® At a Glance

Quick Facts Standard Route Professional Pathway
Registration Anytime during the year Anytime during the year
Candidacy Bachelor's preferably in accounting/ finance or related areas Professional qualification/ certification in accounting/ finance or related areas
Validity of Qualification Life-time; with membership revision through a refresher program once every 5 years to keep the qualification in good standing Life-time; with membership revision through a refresher program once every 5 years to keep the qualification in good standing
CIMA® Exams 2 Exams:
Level 1 Exam: 4 hours and 150 MCQ questions.
Level 2 Exam*: 4 hours and 150 MCQ questions
*Candidates have to pass the Level 1 exams before they can register for the Level 2
1 Exam:
One, Unified Exam of 4 hours carrying 150 MCQ questions

Total Number of Modules to be Studied for Exams 20 modules (10 in Level 1 + 10 in Level 2) 13 modules (6 in Level 1 + 7 in Level 2)
Maximum Completion Period Within 3 years, but usually completed in 12-18 months; self-planned study Within 2 years, but usually completed in 6-9 months; self-planned study
Fees (US Dollars) Level 1 - US$ 1235 (paid at the time of registration) Level 2 - US$ 1100 (paid at the time of registration) US$ 1795 (paid at the time of registration)

For applicants completing their registration after August 20, 2021, candidate services like exam scheduling and mock exams will commence from December 15, 2021, once the upgraded myCIMA dashboard is commissioned. However, the latest copies of essential resources like candidate and study guides will be duly available. Candidates registered before August 20, 2021 will continue receiving their services and support as they have been.

Candidate Services List +

The CIMA® Package

The CIMA® fee* includes the charges for all the services and facilities.

Quick Facts Standard Route Professional Pathway
Re-exams/ Re-sits for Each Exam No re-exam fee for up to 2 attempts No re-exam fee for up to 2 attempts
Mock Exams 4 2
CIMA® Study Guide Yes Yes
CIMA® Maintenance & Membership Fee Covered for 5 years Covered for 5 years
CIMA® Membership Card Yes Yes
Digital Designation Badge Yes Yes
Printed Credential-Certificate Yes Yes
Designation Pin Yes Yes
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*Please Note: The fee invoice may include taxes extra as applicable in the country of the applicant. The CIMA® fee does not include the cost of US$ 380.00 toward shipping of certificate package. Since, the CIMA Institute does not provide any study material, its cost is not covered in the CIMA® fee. Independent publishers, training companies and content providers may contact CIMA® candidates separately for study material and exam-prep training and the CIMA Institute neither regulates them, nor controls their fee, quality or business or educational practices. In some countries, authorized CIMA® educators offer study material and/ or exam-prep training on promotional terms.

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I hit upon the idea of doing a management accounting certification while I was in the final semester of my MBA program, as I wanted to sharpen my fitness for finance roles that lead up to the CFO position. I chose CIMA® as it looked a qualification that would help me break into global companies. I was lucky that I could register under the Master’s Pathway. CIMA® is a program that completes fastest and offers perhaps the highest RoI, I must say!

Hannah Foster  CIMA®, Financial Accountant, The Adecco group

CIMA® Candidacy Tracks

The prerequisite for the CIMA® program registration is at least a Bachelor’s degree from an accredited university preferably in accounting, finance or any related discipline. Higher specialist qualifications like chartered certifications in finance, accounting and related areas can accelerate the CIMA® program journey through registration under the CIMA® Professional pathway that requires taking a single, unified exam.

  • Standard Route

    Choose this track if your most recent/ last qualification is a Bachelor’s degree from a nationally or internationally recognized/ accredited institution in accounting, finance or business.

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  • Professional Pathway

    Choose this swifter CIMA® program track if you hold a professional qualification or certification in finance, accountancy, management accountancy; company secretaryship, cost accountancy, public accountancy or similar or related areas from a professional association or a certification body.

    Apply Now

In addition: Universities, business schools and specialist finance and accounting schools can write to us at [email protected] to explore possibilities of offering uniquely designed CIMA® pathway programs for students pursuing their undergrad and Master’s degrees in business, finance, accounting or related areas.

For Students of CIMA® Educators & Academic Affiliates

As an accounting or finance student, you must not miss the opportunity of starting your career right and sharp. If you are a student or an alumnus of a CIMA affiliated university or business schools, or you are registered with an official CIMA® Professional Educator for an accounting training or exam-preparation program, you can pursue the CIMA® program with well-guided exam-preparation and study material support, besides enjoying special fee discounts.

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For Students of Institutions on the CIMA® Ace List

If you are a student or alumnus of an institution included in the CIMA® list of Ace institutions, you get to register for the CIMA® charter at a special fee under uniquely faster CIMA® academic tracks. Premier, nationally and internationally renowned universities and business schools are recognized as CIMA® Ace institutions under the CIMA® investment & management accounting advocacy program.
Write to us at [email protected] to know more.

For Members of Institutions on the CIMA® Accord List

If you are a member of an institution included in the CIMA® list of Accord institutions (including national and international accounting associations and professional bodies), do not forget to check the Professional Pathway facility that we have. Your CIMA® program journey can be accelerated as you take a single, unified exam instead of two, requiring you to study only 13 of the 20 standard CIMA® modules for exams.
Write to us at [email protected] to know more.

CIMA® Membership

Membership of the CIMA Institute is immediately granted to candidates once they qualify for the award of the CIMA® charter. The membership, covered in the CIMA® program fee for 5 years includes a number of benefits including a life-long myCIMA dashboard carrying career and self-development resources. The membership card and certificate is included in the CIMA® credential pack sent to candidates after they have qualified all prescribed conditions for award of the CIMA® qualification and designation.

Read here For more detail

CIMA Membership Card
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I completed CIMA® program within almost six months of graduating with a major in Economics. That became possible because the CIMA® program coverage is very compact and finely sculpted around the needs of CFOs working in multinational companies, and it has served me very well as the Head of Finance in an apparel export company.

Mark Francis,
CIMA®, ACCA
Chief Financial Officer, Trafigura Group

CIMA® Structure & Exams

The standard CIMA® program is composed of two levels. Level 1 is dedicated to foundational aspects of Investment & Management Accounting. Level 2 is focused on application, practical and decision-making aspects of investment & management accounting. Candidates first register for CIMA® Level 1 and after passing the Level 1 exam, they register for and pay fee for CIMA® Level 2 exam.

The Level 1 covers 10 knowledge areas essentially dealing with basics of business, strategy and economics as well as covering building blocks of investment & management accounting across themes like risks, costs, financial markets, financial asset pricing, capital budgeting and performance analysis. Level 2 covers 10 areas cutting across advanced aspects of investment accounting, financial reporting, currency exposure management; transfer pricing; global taxation and technology applications in investment & management accounting.

The CIMA® Professional Pathway program requires candidates to study only 13 of the 20 standard modules and qualify only one, unified Pathway exam. The Professional Pathway program is designed to carefully exclude the 7 areas that certified accounting professionals have knowledge in already, and at the same time have enough exposure to be able to prepare for the other 13 areas more conveniently.

CIMA® exams are online and on-demand and can be taken anywhere. They can be scheduled right from the myCIMA candidate dashboard anytime 9o days after the confirmation of registration in the CIMA® program. In some locations, offline center-based pen & paper exams are also conducted twice a year. Candidates from such locations will get detailed information on their myCIMA dashboards.

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Standard Route Exam

Candidates must qualify the Standard CIMA Level 1 and Standard CIMA® Level 2 exams. Level 1 exam is of 4 hours, carries 150 multiple choice questions covering the 10 modules in CIMA® Level 1. The Level 2 exam is of also of 4 hours, carries 150 multiple choice questions and covers the 10 modules in CIMA® Level 2. Please expand the boxes below to read the Standard route exam coverage.

  • Level 1 +
    • Investment & Management Accounting - Foundational Principles & Concept Frameworks Weight
    • CS-11

      Accounting for Investment & Managerial Decision-Making

      8%
    • CS-12

      Business, Strategy & International Competitiveness

      8%
    • CS-13

      Analyzing Financial Statements for Business Decisions

      12%
    • CS-14

      Managing & Accounting Risks in Business

      12%
    • CS-15

      Cost Structuring, Product Costing & Activity Based Costing

      10%
    • CS-16

      Investment Accounting Framework & Concepts

      10%
    • CS-17

      Financial Markets, Instruments & Derivatives

      10%
    • CS-18

      Techniques of Managing Investment Portfolios

      10%
    • CS-19

      Capital Investments and Capital Budgeting

      10%
    • CS-20

      Management Accounting & Enterprise Performance Analysis

      10%
  • Level 2 +
    • Investment & Management Accounting - Application Principles & Practice Frameworks Weight
    • CS-21

      Techniques of Pricing Financial Assets

      10%
    • CS-22

      Techniques & Practices of Valuing Businesses

      12%
    • CS-23

      Practices in International Financial Reporting

      10%
    • CS-24

      Techniques of Currency Risk Management

      10%
    • CS-25

      Accounting Tax In Global Investments and Business

      7%
    • CS-26

      Accounting Transfer Pricing In Global Business

      10%
    • CS-27

      Investment Accounting Techniques & Practices

      15%
    • CS-28

      Investment Audit Techniques & Practices

      10%
    • CS-29

      Corporate Governance & Ethics in Global Organizations

      8%
    • CS-30

      Technology & Analytics in Accounting

      8%

Professional Pathway Exam

Candidates are required to qualify only one, unified Professional Pathway Exam of 4 hours carrying 150 multiple choice questions. This exam covers 13 knowledge areas – 6 from Level 1, and 7 from Level 2. Please click the boxes below to read the Professional Pathway exam coverage.

  • Level 1 +
    • Investment & Management Accounting - Foundational Principles & Concept Frameworks Weight
    • CS-11

      Accounting for Investment & Managerial Decision-Making

      15%
    • CS-12

      Business, Strategy & International Competitiveness

      15%
    • CS-14

      Managing & Accounting Risks in Business

      20%
    • CS-16

      Investment Accounting Framework & Concepts

      15%
    • CS-18

      Techniques of Managing Investment Portfolios

      15%
    • CS-20

      Management Accounting & Enterprise Performance Analysis

      20%
  • Level 2 +
    • Investment & Management Accounting - Application Principles & Practice Frameworks Weight
    • CS-21

      Techniques of Pricing Financial Assets

      15%
    • CS-22

      Techniques & Practices of Valuing Businesses

      15%
    • CS-24

      Techniques of Currency Risk Management

      15%
    • CS-26

      Accounting Transfer Pricing In Global Business

      15%
    • CS-27

      Investment Accounting Techniques & Practices

      15%
    • CS-29

      Corporate Governance & Ethics in Global Organizations

      10%
    • CS-30

      Technology & Analytics in Accounting

      15%
Read about Exam Study Planning in the CIMA® Program Candidate Guide

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Learning Resources

CIMA® Exam Preparation

The CIMA Institute provides a detailed and exhaustive CIMA® exam preparation guide, that explains the right approach for faster assimilation and lists out standard books for each knowledge area. CIMA® program candidates also get mock exam facility on their myCIMA dashboards, providing them a good preview and feel of the real CIMA® exam. The CIMA® program structure lends itself to a very conveniently progressive learning, helping candidates start with refreshing their knowledge on the building blocks of managerial accounting, and then moving them gradually into more advanced and practical aspects of investment & management accounting.

The program applicants require to be thorough in foundational aspects of accounting, business, strategy, valuation, international business and core principles of managerial accounting, as well as in investment accounting, forex management, international financial reporting, taxation, transfer pricing and corporate governance. read more

Though study effort required varies across individuals and whether they study on their own or take external assistance, typically, each module requires around 15-30 hours of study time. Experience demonstrates that CIMA® Pathway candidates with prior exposure to accounting and finance manage to complete their exam studies in as few as 125-175 hours of good, distraction-free study on their own. Standard CIMA® registrants, on the other hand, may take around 250-300 hours to complete 20 modules. All candidates can choose the self-study option to prepare for their CIMA® exam(s).

Once your registration is complete, an authorized CIMA® partner may connect with you directly to share self-study content, cutting down your struggle for and spends on additional books or course material for any CIMA® level. It is interesting to note that almost 91% of CIMA® candidates prepare through self-study clocking a pass rate exceeding 65%. Read the section Exam Passing Trends to know more. For more guidance and assistance, registered CIMA® program candidates can write to [email protected].


CLICK HERE FOR CIMA® STUDY PLAN TABLE

Validity & Maintenance

Validity of CIMA®

CIMA® is valid for life and the qualification never expires. Qualification holders simply require to maintain it well by attending the CIMA® Review Webinar once every 5 years. Attending the Review Webinar helps CIMA® qualification holders catch up with the latest buzz on regulations, trends, best-practices and emerging techniques critical for investment & management accountants to know to stay ahead of the curve in their profession. For the first 5 years after the date of award of CIMA® qualification, the holders need to take no action, and the charges are covered in the fee paid at the time of registration. Maintenance fee sixth year onward is covered in the annual membership fee of US$ 150 every year (or a one-time US$ 650 for life)

CIMA® continuation policy click here

GET STARTED

The roadmap to earn the CIMA® qualification covers five simple steps. Covering these milestones in sequence will ensure that your entire qualification process is smooth. Feel free to Contact Us for any further information you may need at any time.

Step 1: Create Account+
Step 2: Validation and Registration Confirmation+
Step 3: Study Plan Resources +
Step 4: Schedule Your Exam+
Step 5: Award+

Schedule Your Exam

Ready to schedule your exam? Find exam dates suiting your convenience if you have registered before August 20, 2021.

Schedule

Examination Policies

Learn more about the exam policies.

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