CIMA (uk) QUALIFICATION - 2006

[accountant1]

NEWS RELEASE

03 May 2006

CIMA’S 2005 OPERATING AND FINANCIAL REVIEW DEMONSTRATES PROOF OF
SUCCESS

The Chartered Institute of Management Accountants, the largest
international professional accountancy body with a sole focus on business, is
delighted to announce the publication of its 2005 CIMA Annual Review
which, as a first among professional accountancy institutes, outlines its
plans in a manner consistent with the principles of the UK Operating
and Financial Review.

Ian Christison, CIMA President, said

"We have recorded another tremendously successful year which we believe
is based on our ongoing focus on accountants in business."

He added

"Maintaining our lead as the fastest growing UK-based accountancy body
in membership terms in the UK and Republic of Ireland and building on
our financial strength to continue to expand our support to our members,
students and their employers across our markets, we have chosen to
report our performance in a bold, meaningful and forward-looking way, based
on five clearly defined KPIs."

Charles Tilley, CIMA Chief Executive, said

"While we were somewhat disappointed that the Chancellor removed the
statutory requirement for an OFR, we do believe that narrative reporting
is a critical part of an organisation’s overall communication with its
stakeholders. As a strong advocate of the OFR, we feel we can do no
less than demonstrate tangible proof of our commitment to OFRs in our own
narrative reporting."

Highlights of CIMA’s success in 2005 include

• Remaining the fastest growing member body of the Consultative
Committee of Accountancy Bodies (CCAB) in the UK/Republic of Ireland with 4%
growth in 2005
• A 70% increase in employer partnerships
• An increase in reserves to allow more flexibility to invest in CIMA’s
future
• A 79% membership satisfaction rating (15% thought the service they
receive from CIMA was fair, 2% said poor and 4% didn’t make a statement)
• The development of significant relationships in China and India while
further developing CIMA’s core markets
• The announcement of the development of a Centre of Excellence for CPD
in 2006
• Further plans to advance the boundaries of the science of management
accountancy

To view the 2005 CIMA Annual Review, go to
http//www.cimaglobal.com/annualreview2005


- ENDS -


For further information, please contact

Lottie Muir
Press & PR Manager
CIMA
+44 (0) 20 8849 2407
[email protected]

Notes to Editors