Know how to be a Certified Management Accountant in India
There are quite a few accounting certifications that an individual can do to be a Certified Management Accountant in India. Doing a certificate in management accounting highlights that one has put in the time and effort to improve their knowledge and skills by expanding it with better ways. More and more individuals are showing interest to do certifications as they enhance their growth and offer better opportunities.
One such certification is called Chartered Investment & Management Accountant (CIMA®). It is the world’s most uniquely powerful qualification. This CIMA certification is mainly crafted for accounting and finance professionals who are looking to significantly enhance their job and career prospects by super-specializing in the twin advanced areas of investment accounting and management accounting in the international platforms.
CIMA® is an end-to-end certified management accountant certification and has the best distinctive validation of top-level competence of professionals in two of the most quickly emerging super-specialization areas in accounting — investment accounting, and management accounting. It is best professional certificate that offers each registrant with a proven promise and readiness for gathering the need and in-demand financial intelligence that globally several firms are required to monitor, manage and grow their businesses and investment assets and portfolios.
Requirements
The key prerequisite for the CIMA certification is to have at least a bachelor’s degree from an accredited university in any discipline. Higher qualifications like Master’s or MBA, or specialist professional qualifications in finance, accounting and related disciplines can accelerate the CIMA® journey through registration under CIMA® Master’s or Professional pathways, which need taking a single, unified exam.
Candidacy Tracks
This certification consists of 3 candidacy tracks that will help a professional to understand which the most suitable option they can opt for. The following are the 3 candidacy tracks:
· Standard Route
This track is for the professionals whose most recent qualification is a bachelor’s degree from a nationally or internationally recognized/accredited institution. The background or major is no limitation, though, if one has a prior exposure to accounting, finance or business, their certificate in management accounting journey completes a lot easier and quicker.
· Master’s Pathway
CIMA® master’s pathway is the swifter candidacy track if one wants to hold or pursuing a master’s degree like MBA/ MS/ M.Sc. in business, finance, accounting or related areas from a nationally/ internationally recognized institution, or from a B-school accredited by international firms like the AACSB, AMBA and EQUIS. One can speed up their journey to get this credential by exam-exemptions in 8 of the 20 standard CIMA® modules and take a single exam instead of two.
· Professional Pathway
Choose this quicker CIMA® candidacy track if an applicant wants to do a professional qualification or certification in finance, accountancy, corporate law, management accountancy, company secretary ship, cost accountancy, public accountancy or similar or related areas from a professional association or a certification body. Individuals CIMA® program journey can be accelerated by taking a single, unified exam instead of two, and they can earn exam-exemptions in 9 of the 20 standard CIMA® modules.
Career benefits of certified management accountant
Doing a certificate in management accounting is an excellent add-on to any finance or accounting related resume, and several employers will favorably consider applicants who list it as a part of their career achievement.
Getting certification on top of a degree will inevitably mean more time and money being spent before entering the workforce. This is an opportunity cost that some individuals don’t want to pursue or may not be able to pursue, based on their circumstances. However, the advantages are more and the spending this extra time and money to become certified, especially in the long run will help every individual to grab better opportunity.
· Membership
CIMA certification also provides the candidates immediate membership once they get qualified for the award of the CIMA® charter. This membership offers a vast range of opportunities and also gets covered in the CIMA® program fee for up to 10 years consists several perks such as a life-long myCIMA dashboard, which is a personalized dashboard that contains career growth and self-development resources. The membership card and certificate is included in the CIMA® credential pack sent to the qualification holders after they get qualified to all prescribed conditions for award of the CIMA® qualification and designation.
The prestigious CIMA® is one of kind certificate in management accounting to earn. Prepare yourself and make your career to reach next-level in renowned corporations, global finance consulting firms, leading finance KPOs and large asset management firms, brokerage firms and investment banks and many more.
Member Benefits
1. Exclusive CIMA® Membership Card
2. Organic and periodically updating list of books and journals to be read with purchase or subscription discount vouchers wherever possible
3. Life-long access to exclusive, members-only CIMA® publications
4. Discounts on CIMA® program for individuals referred by CIMA® members
5. Free entry and registration in the CIMA institute networking events
6. Quarterly updates on national and global conferences/ seminars/ webinars etc., with discount coupons wherever possible
7. Quarterly updates on useful online/ offline training programs and courses etc., with discount coupons wherever possible
8. Periodic updates on job and career opportunities in various regions of the world
9. Articles and opinions of leaders on a wide gamut of issues related to business, finance, accounting and international business and technology
10. Periodic regional and national online huddles among CIMA® qualification holders of a region or a nation
End notes
CIMA® offers every aspiring individual with a proven promise and readiness for gathering the needed and in-demand financial intelligence that globally several firms are required to monitor, manage and grow their businesses and investment assets and portfolios.
Originally Content Published here: https://www.linkedin.com/pulse/know-how-certified-management-accountant-india-sonal-nanda/
