The Chartered Institute of Management Accountants (CIMA) is the world’s leading, and largest, professional body of management accountants. Their unique blend of management accounting, financial accounting and business-focused subjects produces competent and confident CGMAs who can lead their organisations to sustainable success.
WHY STUDY CIMA?
Now, more than ever, you need a global qualification.
RESPECT & WELLKNOWN
The CGMA designation is powered by two of the world’s leading accounting bodies – CIMA and the AICPA.
BUSINESS & FINANCE
CIMA focuses on business, giving you more than just accounting knowledge. This is essential for the modern day accountant.
A professional qualification tells a potential employer that you know how to do the job and can hit the ground running.
CIMA qualifications are recognised in over 170 countries worldwide, giving you the ability to practice all over the globe.
Join An Elite Group of Global Management Accountants
The CGMA designation is powered by two of the world’s leading accounting bodies – CIMA and the AICPA. It aims to establish management accounting as the most valued profession in business worldwide.
The Future of Accounting
CIMA focuses on business, giving you more than just accounting knowledge. You will not only be financially qualified but also professionally trained in business management, which makes you capable of advising on business strategy and risk management.
A Professional Qualification
There has been a move away from studying academic qualifications (diplomas/degrees) and a move towards professional qualifications. A professional qualification tells potential employers that you know how to do the job and can hit the ground running.
Travel the World
The CIMA qualification is recognised in over 170 countries worldwide. In addition to having the ability to practice all over the globe, CIMA graduates earn on average 40% more than their non-CGMA counterparts.
CIMA graduates are sought after in 176 countries worldwide. This means that you will have the freedom to travel the globe, experience new and exciting cultures, and apply for positions at industry leading firms & corporations.
On average, CIMA graduates earn 40% more than their non-CGMA counterparts. In South Africa, the average salary for a CIMA graduate is R80 000 per month. In foreign markets such as the United Kingdom, CIMA graduates can earn upwards of £12 000 monthly.
Unlike traditional financial degrees, the career pathway for a CGMA is much boarder than strictly financial reporting.
Here is a brief list of just some of the positions your CIMA qualification will make you eligible for:
An essential role in any organisation, financial accountants are entrusted with ensuring that an organisation is financially sound. This is done by auditing financial statements and reporting on the company’s financial position. These findings then inform the strategic and operational plans made by senior management.
This role is also the initial steppingstone to more senior positions, such as Finance Manager and CFO.
Business analysts are tasked with analysing data sets to identify needs and shortcomings in a business’s products, services and processes. They are required to identify areas needing improvement and assist in designing technical solutions to solve these issues.
They work side by side with senior management and need excellent communication and problem solving capabilities to identify solutions and ensure they are clearly communicated to all parties involved.
Management ConsultantManagement consultants assist top-level management in decision making and act as advisors on how best to implement their strategic plans. They have a firm understanding of all business functions and how each part of an organisation must work together effectively in order to achieve a common goal. This is an ideal position for someone with solid business knowledge and an understanding of how to manage workplace relationships.
Consultants can either maintain a fulltime position at one organisation or move from client to client, on a contractual basis.
Finance managers are responsible for the financial health of an organisation. They analyse data and financial reports provided by the accounting team and actively seek out ways to increase the businesses’ profitability. They allocate funds, oversee the operational budget and ensure that the revenue flowing into the business exceeds the amount leaving it.
These are only four possible positions open to CIMA graduates, but the list is vast and constantly evolving. By choosing to study CIMA your potential career path becomes limitless both locally and abroad.
The structure of the CIMA Syllabus consists of three pillars and three levels. Students who are not awarded any exemptions will start off at Certificate level and gradually make their way up through the Operations, Managerial and Strategic levels. Certificate level consists of four subjects (BA1, BA2, BA3 and BA4). Once all four subjects are completed and passed a student moves onto Operational level.
Operational (E1, P1, F1), Managerial (E2, P2, F2) and Strategic (E3, PS, F3) level each consist of three subjects and a Case Study. Students need to pass all three subjects and the Case Study before they can move onto the following level. On successful completion of the Strategic Case Study plus proof of 18-months relevant work experience students will be awarded the highly coveted CGMA title.
CIMA is the world’s leading and largest professional body of management accountants. Together with the American Institute of Certified Public Accountants (AICPA), CIMA established the Chartered Global Management Accountant (CGMA) designation. CIMA develops the syllabus and provides course structure, assessments and accreditation.
IBTC is a world-leading CIMA approved tuition provider. We provide students with lectures, course material, study plans, tutor support and various other support structures to ensure that students have the greatest chance of completing the CIMA Professional Qualification as quickly and successfully as possible.
Your CIMA JOURNEY WITH IBTC
Navigating your CIMA journey with IBTC is easy as one, two, three.
All first-time students must register with CIMA online and pay a once-off registration fee (which includes the first year’s subscription fee). CIMA will provide you with your student ID, and once you’ve made payment you will have access to their online portals such as MyCIMA and CIMA Connect. To register visit www.cimaglobal.com and click ‘Register as a student’. We’re here to walk you through the process however so you are welcome to add your CIMA fees to your IBTC booking and we will pay it over for you.
Depending on your previous qualifications (accounting and finance) and work experience you may be eligible for certain exemptions. Keep in mind however that CIMA only awards exemptions for completed qualifications and you can only apply for exemptions once you have registered with CIMA.
The exemption process:
The following advanced entry routes are also available:
As a CIMA student you will need to pass both Objective Tests (OT) and Case Study exams.
Book your exam as soon as you start studying. It’s important to set a date and work towards it.
CIMA Objective Tests are on-demand and available year round.
2021 Case Study Exams
The dates for the 2021 Case Study Exams are as follows:
Operational Level: 10-12 February, 12-14 May, 11-13 August, 10-12 November
Management Level: 17-19 February, 19-21 May, 18-20 August, 17-19 November
Strategic Level: 24-26 February, 26-28 May, 25-27 August, 24-26 November
WHY STUDY THROUGH IBTC?
We have three tailored study options, giving you the flexibility to choose what works for you.
At IBTC, we are in the business of enhancing careers and enriching lives. We do this by getting you to pass first time. As an IBTC student, you have the backing of an entire team dedicated to helping you attain your CGMA designation as quickly as possible. Our student support staff are on hand to assist you with daily admin tasks and queries. Your personal tutor, or ‘IBTC Hand-holder’, will ensure that you stay motivated and keep on track – every step of the way. Our skilled lecturers are CIMA experts, who will share their years of real world knowledge and experience with you you.
To top it all off, you get the added safety net of our Pass Assured Promise.
At IBTC, we sell passes, not promises. We know we can do this by guaranteeing you a pass. We have put various steps in place, which if followed, will ensure a first time pass. In fact we are so confident that you will pass that you can come back for free if you don’t.
Face to face classes predominantly take place twice a year (first and second semester). You attend class either on a Saturday or a week day evening for approximately ten weeks. Classes cover all content as well as exam prep. Classes are currently being run over Zoom, but will move back onto campus when it is safe to do so. All classes are conducted by an experienced lecturer with real life working knowledge of CIMA thus providing you with real examples and scenarios. Your lecture will mentor you through your CIMA studies thus playing a pivotal role in your first time pass. In addition to a top lecturer you will also learn from your fellow classmates allowing you to setup study groups if you so wish.
Case Study Classes
Face to face Case Study Classes are offered four times a year and run over two weekends (Sat & Sun 9h00 – 17h00; Sat & Sun 09h00 – 17h00). Classes cover an in-depth look at the pre seen as well as exam techniques, time management, how to gain the easy marks and much more. They are intense but they will get you exam ready.
Online classroom has monthly start dates and runs over a period of six weeks. Students get both soft and hard copy material as well as recorded lecturers, tutor access, student forum, question practice, mock exam and our Pass Assured Promise.
Supported Distance Learning
Our distance learning option includes a comprehensive study plan as well as your hard copy material, question practice, mock exam and Pass Assured Promise. Despite studying at home students have direct contact with a tutor for support and assistance ensuring that you are not alone on your CIMA journey.
Our fees include all your material so there are no hidden costs. We also offer an interest free payment plan allowing students to pay off their studies over five months without incurring any extra costs. Click here for our CIMA fee breakdown
IBTC is private skills development provider that has lodged an application to be registered as a private college with the Department of Higher Education and Training (DHET), as per the Skills Development Act (SDA) of 1998.
IBTC is an accredited tuition provider with FASSET, the SETA for Finance, Accounting, Management Consulting and other Financial Services, according to the Further Education and Training Colleges Act 16 of 2006.
IBTC is an accredited CIMA Learning Premium Partner and offers the following CIMA courses:
Our campuses are located in Cape Town, Sandton and Pretoria. We also offer a variety of distance learning solutions.