| 1. |
What is CIMA? |
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CIMA is the world's largest professional body of management accountants.
CIMA offers the most relevant finance qualification for business.
For more information refer to: www.cimaglobal.com |
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Question: What is Management Accounting? |
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Answer: Management accounting combines
accounting, finance, strategy and management with the leading edge
techniques needed to drive successful businesses. Chartered management
accountants: |
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advise managers about the financial implications
of projects |
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explain the financial consequences of business
decisions |
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formulate business strategy |
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monitor spending and financial control |
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conduct internal business audits |
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explain the impact of the competitive landscape. |
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Question: What is the advantage
of studying with CIMA? |
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Answer: CIMA is the most relevant
accounting qualification for business. Most accounting qualifications
train people for private practice, working on external audit and tax
issues. CIMA prepares people for a career in business. It teaches
skills for strategic advice, managing risk and making key decisions. |
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Question: What is CGMA and how do
I get more information about it? |
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Answer: CGMA is a joint venture between
CIMA and AICPA to promote management accounting around the world.
The Chartered Global Management Accountant (CGMA) is a new global
management accounting designation that recognises the unique role
played by men and women at organisations around the world who are
guiding critical business decisions and driving strong business performance.
More information can be found at: http://www.cgma.org/Pages/default.aspx |
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| 2. |
Lapsed membership |
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Question: My CIMA membership has
lapsed – how to I rejoin? |
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Answer: If your membership lapsed,
then to rejoin CIMA you would need to pay the following fees: |
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Re-admission fee |
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Current year's subscription |
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Any fees you owed in the year your membership ended. |
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You will also find this information on
www.cimaglobal.com/Members/Fees-and-payment/Re-admission |
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| 3. |
CIMA Canada |
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Question: How do I become a member
of CIMA Canada? |
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Answer: CIMA Canada is a branch of
CIMA. All members of CIMA living in Canada can sign-up for CIMA Canada
events including CPD events, the AGM, the summer Cricket tournament.
Please make sure you update your profile on “My CIMA”
so that you will receive updates for events in Canada. |
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Question: Where is the CIMA Canada
Office? |
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Answer: CIMA Canada does not have
a staffed office in Canada. For all enquiries specific to CIMA in
Canada please use the webform on the website: www.cimacanada.org/contact.jsp |
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You can also join us on LinkedIn via the CIMA Canada group. |
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For more general CIMA enquiries please contact the global head
office in England: cima.contact@cimaglobal.com |
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Question: Are there any active groups
outside Toronto? |
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Answer: CIMA Canada has active groups
in Ottawa, Vancouver and Calgary. The contact information for the
Regional representatives can be found at: www.cimacanada.org/contact.jsp |
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| 4. |
Legal status of CIMA in Canada |
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Question: Are there any limitations
on using my CIMA designation in Canada (ACMA or FCMA)? |
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Answer: There are legal restrictions
on using the letters ACMA or FCMA after your name in Ontario.
Please refer to the legal advice on the CIMA Canada website: www.cimaglobal.com/Our-locations/Canada/Guidance-for-Ontario |
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There may be other limits on the work CIMA members can do which
can vary from province to province: you will need to check the specific
legislation for the province you live in. |
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| 5. |
Immigration to Canada |
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Question: Will the CIMA qualification
help me immigrate to Canada? |
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Answer: Citizenship and Immigration
Canada has been providing 22 points for CIMA qualification with 15
years of work experience. However this could change and for current
information, please contact CIC website. |
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| 6. |
Tuition and exams |
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Question: Are there any tuition providers
for the CIMA syllabus in Canada? |
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Answer: Tuition support can be obtained
on-line from www.cimastudy.com.
There are exam centres across Canada but there are no organisations
that conduct CIMA courses in Canada. |
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Question: Where can I sit my CIMA
exams in Canada? |
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Answer: There is a permanent exam
centre in Toronto and special exam centres across Canada (eg Calgary;
Ottawa; Vancouver). Details can be found on the CIMA website when
you register for the exams www.cimaglobal.com/Students
. Please note that some of the special centres charge higher fees
than the regular centres: please check the fees ahead of time to avoid
surprises. Unfortunately we cannot negotiate special rates or discounts
for students using these centres. |
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Question: I believe I should be exempt
from certain exams: how can I check this? |
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Answer: You may be entitled to some
exemptions if you have already started your studies with another accounting
body or have studied accounting and finance at university. Exemptions
are handled by the CIMA Contact team at our Corporate Offices in the
UK. You may contact them at cima.contact@cimaglobal.com |
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Question: How much are the examination
fees this year? |
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Answer: The CIMA website has a section
for students that will include upto date information on exam fees.
Please go to http://www.cimaglobal.com/Students |
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| 7. |
Employment opportunities in Canada |
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Question: Is CIMA recognized in Canada? |
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Answer: CIMA has over 1,100 members
in Canada and is increasingly well known. The CIMA Canada Board is
actively engaged in promoting the CIMA brand in Canada and providing
support services to members across the country. However, it should
be noted that many Canadian employers have a bias towards Canadian
designations and Canadian work experience. For this reason, most members,
initially, end up taking on a role that is a level or two below their
level of competence. However, most members rise up through the ranks
to their level of competence fairly rapidly due to the strength of
the CIMA designation and the great international experience that they
bring with them. |
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Question: Can you recommend any recruitment
agencies/ head-hunters in Canada? |
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Answer: CIMA Canada has been developing
relationships with Robert Half International and Lannick Associates,
which is a specialist finance recruiter in Ontario. Their contact
details and a few other contacts can be found below. It should be
noted that there are many other recruiters and this is not a complete
list. |
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Lannick Associates - www.lannick.com/assoc_index.php |
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PTC Accounting and Finance Inc - www.ptcaccounting.com |
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Robert Half International - www.roberthalffinance.com |
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Randstad (formerly Mergis Group) - www.randstad.ca |
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Another good website would be
www.workopolis.com. This would give you an indication of roles
and salaries. |
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Question: What is CIMA Canada doing
to help members with their job search? |
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Answer: CIMA Canada has established
a mentoring program to assist members that have recently moved to
Canada. The objective of this initiative is to assist members and
students to adapt to the employment market in Canada and to assist
them to develop their network of contacts. Highlights of the program
include help with resume writing, interview skills, market information
and contacting recruiters. For more details and to register for
the mentoring program please check our website:
www.cimacanada.org/mentoring |
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| 8. |
Mutual Recognition Agreement (MRA) with Canadian Accounting bodies |
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Question: Does my CIMA qualification
help me when applying for membership of CMA Canada? |
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Answer: CIMA has a Mutual Recognition
Agreement with CMA Canada. This MRA is administered province by
province and you will have to apply to the province where you live
to see what their specific rules of entry are. As a general rule,
members must:
Have a university degree or the equivalent of a university degree. |
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If the member does not have a university degree they must have
five years of experience in a senior management accounting position.
Without getting into details, typically it would include positions
of director, vice president etc. Individuals who have experience
as managers or below may not typically qualify under this category.
Applicants must have at least two years of practical experience
at a managerial level.
Applicant must be a member in good standing with CIMA without any
outstanding disciplinary complaints, charges or investigations.
Applicants must have completed the full CIMA programme. If they
gained CIMA membership through other means (such as an MRA), it
is the discretion of CMA Canada as to whether they will be accepted.
The one provincial exception is that members applying to CMA Quebec
will be subject to a French language requirement.
To apply for CMA membership, CIMA members will need to contact
the CMA provincial office in the province where they live and work. |
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Question: I am a member of CMA Canada:
can I apply to join CIMA? |
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Answer: CIMA has a Mutual Recognition
Agreement with CMA Canada. As a general rule a member of CMA can join
CIMA by providing the following details along with the application
form:
letter of good standing, available from your local
CMA office, including the following:- date joined CMA Canada;
date advanced to current status;
date up to which current membership is paid;
confirmation that you are not a member of CMA Canada by virtue of
another MRA;
confirmation you are not currently under any disciplinary sanctions
or investigations and have not been subject to any disciplinary
sanctions in the past five years.
Further details can be obtained from the CIMA website at
http://www.cimaglobal.com/en-gb/Members/Fees-benefits-and-career-support/Global-alliances/CMA-into-CIMA |
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| 9. |
Changes of address, employer, or other personal details |
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Question: Can you change my personal
details in the CIMA database? |
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Answer: CIMA Canada cannot change
your personal details such as employer, address, bank details. You
can, however, change these items on-line through MY CIMA. |
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Go to the CIMAglobal website at www.cimaglobal.com |
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The "MY CIMA" portal can be seen on
the top right corner of the CIMAglobal homepage |
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The contact ID required to sign on is the CIMA
contact ID that is on most communication from CIMA, UK |
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If you have not visited the "MY CIMA"
portal before, then you would create a password as per the guidance
on the website. |
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Once you enter the "MY CIMA" section,
you would click on "my details" and then on "my personal
and employment details" |
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This will take you to a page that shows the current
information with CIMA and it will allow you to make any changes as
appropriate. |
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| 10. |
Annual Subscription fees |
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Question: What are the annual fees
for CIMA members? |
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Answer: Annual fees vary depending
on your level (Student, Associate, Fellow) and also your activities
(Member in Practice, retiree). The fees are subject to annual changes
and can be found on the web site at: http://www.cimaglobal.com/Members/Fees-and-payment |
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| 11. |
Shariah compliant Islamic Finance |
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Question: Can you tell me how I can
study Shariah compliant finance? |
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Answer: CIMA is an innovator in the
study of Islamic or Shariah compliant finance. Students can study
for a Diploma or Advanced Diploma in Islamic Finance. No prior knowledge
or experience is required and the curriculum covers Islamic Commercial
Law, Banking, Insurance, Capital Markets, and Accounting. |
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More details can be found at: http://www.cimaglobal.com/Study-with-us/Islamic-finance-qualifications |