Chartered Investment and Management Accountant

Shape Up Best for Global Roles

CIMA® by ACPA is designed for accounting and finance professionals seeking to significantly improve their job and career prospects by super-specializing in the twin advanced areas of investment accounting and management accounting in the international context.

The Power of Dual Specializations in One Qualification

CIMA® credential brings you to the power of dual specialization in investment accounting and management accounting. While the management accounting specialization equips you for directly impacting growth, profits and competitiveness of organizations; the investment accounting specialization puts you in a rarefied league of professionals – with expertise in monitoring, tracking, analysing and accounting the performance of investments made by organizations in a complex mesh of multiple national markets, regulatory environments and tax regimes.

The Power of Dual Specializations in One Qualification

Why CIMA® Charter Is Right for You

  • 01.

    Transforms your employment Profile

    It prepares you for careers in large corporations, global finance consulting firms, leading finance KPOs and well-known asset management firms, brokerage firms and investment banks among others.

  • 02.

    De-risks Your Career Plan

    It not only focuses on accounting in the domestic business environment but it is an elite international qualification that prepares you for global jobs that have much better profiles and promise than other certification programs.

  • 03.

    Demonstrates Your Expertise

    CIMA® charter-holders are trusted worldwide for their promise and potential for teaming up with top management in driving up enterprise value and accelerating growth through the most high-demand and advanced areas of Investment & management accounting in global organizations.

Eligibility and Program Structure

Eligibility and Program Structure

You can apply for CIMA® through the following candidacy tracks:

  • Standard Pathway: It is open for applicants with Bachelor’s degree as the most recent/ last qualification from a nationally or internationally recognized/ accredited institution in accounting, finance or business.
  • Professional Pathway: It is open for applicants with 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. This pathway helps to earn CIMA® faster.
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CIMA® Knowledge Specifications

The three CIMA® spec levels - BASIC, INTERMEDIATE & ADVANCED for each knowledge area combine six knowledge dimensions to define the nature and degree of competence CIMA® candidates must ideally possess to be able to successfully pass the CIMA® exams and demonstrate their readiness to perform efficiently and effectively at the highest levels in the most complex of roles as investment & management accountants.

Level Specification Methodology

The three levels of coverage can be defined as follows:

  • BASIC: Requiring the skill levels of knowledge and comprehension.
  • INTERMEDIATE: Requiring the skill levels of knowledge, comprehension, application, and analysis.
  • ADVANCED: Requiring all six skill levels of knowledge, comprehension, application, analysis, synthesis, and evaluation.
Level 1 Investment & Management Accounting - Foundational Principles & Concept Frameworks Weight Knowledge Specs
CS-11 Accounting for Investment & Managerial Decision-Making 8% Basic
CS-12 Business, Strategy & International Competitiveness 8% Intermediate
CS-13 Analyzing Financial Statements for Business Decisions 12% Advanced
CS-14 Managing & Accounting Risks in Business 12% Advanced
CS-15 Cost Structuring, Product Costing & Activity Based Costing 10% Advanced
CS-16 Investment Accounting Framework & Concepts 10% Advanced
CS-17 Financial Markets, Instruments & Derivatives 10% Advanced
CS-18 Techniques of Managing Investment Portfolios 10% Advanced
CS-19 Capital Investments and Capital Budgeting 10% Advanced
CS-20 Management Accounting & Enterprise Performance Analysis 10% Intermediate
Level 2 Investment & Management Accounting - Application Principles & Practice Frameworks Weight Knowledge Specs
CS-21 Techniques of Pricing Financial Assets 10% Advanced
CS-22 Techniques & Practices of Valuing Businesses 12% Advanced
CS-23 Practices in International Financial Reporting 10% Advanced
CS-24 Techniques of Currency Risk Management 10% Advanced
CS-25 Accounting Tax In Global Investments and Business 7% Intermediate
CS-26 Accounting Transfer Pricing In Global Business 10% Intermediate
CS-27 Investment Accounting Techniques & Practices 15% Advanced
CS-28 Investment Audit Techniques & Practices 10% Advanced
CS-29 Corporate Governance & Ethics in Global Organizations 8% Basic
CS-30 Technology & Analytics in Accounting 8% Intermediate

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

The Roadmap to Earn the CIMA® Qualification

  • 01
    Create Account
  • 02
    Validation and Registration Confirmation
  • 03
    Study Plan Resources
  • 04
    Schedule Your Exam
  • 05
    Award

Build Yourself for High-Impact Roles in Global Business by Earning CIMA® Charter

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