CIMA (uk) QUALIFICATION - 2006

[accountant1]

NEWS RELEASE

13 March 2006

CIMA launches Certificate of Business Accounting to reflect latest
demands on business

CIMA – the Chartered Institute of Management Accountants – has launched
ground-breaking revisions to its qualification, which will appeal to
both financial, and increasingly, non-financial staff. CIMA’s revised
Certificate of Business Accounting qualification is designed to develop
the fundamental skills and techniques necessary for success in a rapidly
changing business environment, with modules ranging from business
economics and financial accounting through to ethics, corporate governance
and business law.

The revised Certificate of Business Accounting was developed following
extensive consultation with a working group of CIMA members and meets
the criteria set out by developments in the International Federation of
Accountants (IFAC) arena. It will be launched at the CIMA Lecturers’
Conference on 13 March, while the new Certificate syllabus assessments
will be available from 30 September 2006.

In launching these groundbreaking updates to the CIMA Certificate in
Business Accounting, Robert Jelly, Director of Education, said

"The Certificate’s flexibility as both a stand alone qualification for
non financial managers and an entry level route to the professional
Chartered Management Accountant Qualification will ensure its relevance to
employers and students alike.

"The driving forces behind the changes have been the rapidly changing
business and regulatory environments and CIMA’s focus on ensuring
employers are increasingly attracted to the CIMA qualifications framework,
both for financial and increasingly non-financial staff."

He added

"The focus on ethics and corporate governance reflects our commitment
to remain at the forefront of delivery of products and services for
accounting in business."

Students will be awarded the CIMA Certificate in Business Accounting on
successful completion of five examination subjects. As with the
previous qualification, assessment continues to be based upon five modules,
which have been renamed and renumbered as follows

Paper C01 Fundamentals of Management Accounting.
Paper C02 Fundamentals of Financial Accounting.
Paper C03 Fundamentals of Business Mathematics.
Paper C04 Fundamentals of Business Economics.
Paper C05 Fundamentals of Ethics, Corporate Governance and Business
Law.

Students must sit all examinations at one of CIMA’s approved assessment
centres using computer based assessment methodology. The five module
examinations may be taken in any order and in any combination of
subjects.


- ENDS -


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