The Difference between CIMA (UK) and CMA (India)
CIMA ( UK ) -
- CIMA stands for Chartered institute of Management Accountants.
- CIMA is the world’s largest professional body of Management Accountants with more than 218,000 members working in 177 countries.
- Founded in 1919, The CIMA (Chartered institute of Management Accountants) is a globally recognized Management accounting body offering the Chartered Management Accountant Qualification ( i.e. CIMA Course).
- A Chartered Accountant is a profession in the field of Corporate Finance , Financial Reporting, Financial Analysis, Business Analysis, Project Finance, Treasury Management, Risk Management etc.
- In collaboration with the CPA (USA) institute, CIMA members receive an additional qualification- CGMA. Anyone can study the CIMA qualification, whether they’re new to finance and business or an experienced professional
The CIMA Qualification has been divided into 4 levels : -
- Certificate Level - 4 Objective Exam
- Operational Level - 3 Objective Exams and 1 Case study
- Management Level - 3 Objective Exams and 1 Case study
- Strategic Level - 3 Objective Exams and 1 Case study
Eligibility Criteria to appear for CIMA -
- To appear for the Certificate Level a candidate should have
- Qualified the 10 exams
- To appear for the Operational Level a candidate should have
- Certificate Level Pass or
- Graduate/ Post Graduate
- To appear for the Management Level a candidate should have
- Operational Level Pass or
- MBA
- To appear for the Strategic Level Examination a candidate should have
- Management Level Pass or
- CA or Other Professional Courses
- Graduate/ Post Graduate with Above 75 %
Average Duration of CIMA Course : -
It takes 2 to 3 years to complete all the exams & other Training Programmes of the CIMA course.
CIMA Passing Criteria and Pattern of Exam : -
- Objective Papers are OTQ’s and computer based exams (‘CBE’) and can be taken at any time during the year
- All Case Study based exams are conducted 4 times a year in the months of February, May, August and November
Advantages : -
- Global Recognition
- Earn a Good Salary
- Aquire Good Knowledge in Management Accounting
CMA ( INDIA ) -
- CMA stands for Cost & Management Accountant.
- Founded in 1959, The Institute of Cost Accountants of India (ICMAI) is a statutory body established by an Act of Parliament and a professional accounting body offering the Cost & Management Accountant Qualification ( i.e. CMA Course). Accountant Qualification ( i.e. CMA Course).
- A Cost & Management Accountant is a profession in the field of Cost, finance, tax and accounting. The profession keenly concentrates on preparation & auditing Cost records, investing Cost anomalies, financial forecasting, Financial planning, developing and maintaining financial system Accountant is a profession in the field of Cost, finance, tax and accounting. The profession keenly concentrates on preparation & auditing Cost records, investing Cost anomalies, financial forecasting, Financial planning, developing and maintaining financial system
Levels in CMA Course : -
- CMA Foundation Level - 4 Papers
- CMA Intermediate Level - 8 Papers
- CMA Final Level - 8 Papers
Eligibility Criteria to appear for CMA : -
- To appear for the CMA Foundation Examination a candidate should have
- Qualified the 10+2 exams, PUC or Equivalent
- To appear for the CMA Intermediate Examination a candidate should have
- CMA Foundation Pass or
- Graduated in any discipline other than Fine Arts
Average Duration of CMA Course : -
It takes 4 to 5 years to complete all the exams & other Training Programmes of the CMA course.
CMA Passing Criteria and Pattern of Exam : -
- Minimum of 40 percent marks in each paper and 50 % in Aggregate
- All paper based exams for papers are conducted 2 times a year in the months of May and November
Advantages : -
- Earn a Good Salary
- Job Security
- Aquire Good Knowledge in Cost, Finance, Tax, Audit
- Highly Respected Profession
- Entrepreneurial
I hope this information was helpful.
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