Chartered Institute of Management Accountants
TBA

Frequently Asked Questions  

1. What is CIMA?
  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
   
  Question: What is Management Accounting?
  Answer: Management accounting combines accounting, finance, strategy and management with the leading edge techniques needed to drive successful businesses. Chartered management accountants:
  advise managers about the financial implications of projects
  explain the financial consequences of business decisions
  formulate business strategy
  monitor spending and financial control
  conduct internal business audits
  explain the impact of the competitive landscape.
   
 

Question: What is the advantage of studying with CIMA?

  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.
   
 

Question: What is CGMA and how do I get more information about it?

  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
   
2. Lapsed membership
  Question: My CIMA membership has lapsed – how to I rejoin?
  Answer: If your membership lapsed, then to rejoin CIMA you would need to pay the following fees:
  Re-admission fee
  Current year's subscription
  Any fees you owed in the year your membership ended.
  You will also find this information on www.cimaglobal.com/Members/Fees-and-payment/Re-admission
   
3. CIMA Canada
  Question: How do I become a member of CIMA Canada?
  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.
   
  Question: Where is the CIMA Canada Office?
  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
  You can also join us on LinkedIn via the CIMA Canada group.
  For more general CIMA enquiries please contact the global head office in England: cima.contact@cimaglobal.com
   
  Question: Are there any active groups outside Toronto?
  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
   
4. Legal status of CIMA in Canada
  Question: Are there any limitations on using my CIMA designation in Canada (ACMA or FCMA)?
  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
   
  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.
   
5. Immigration to Canada
  Question: Will the CIMA qualification help me immigrate to Canada?
  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.
   
6. Tuition and exams
  Question: Are there any tuition providers for the CIMA syllabus in Canada?
  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.
   
  Question: Where can I sit my CIMA exams in Canada?
  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.
   
  Question: I believe I should be exempt from certain exams: how can I check this?
  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
   
  Question: How much are the examination fees this year?
  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
   
7. Employment opportunities in Canada
   
  Question: Is CIMA recognized in Canada?
  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.
   
  Question: Can you recommend any recruitment agencies/ head-hunters in Canada?
  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.
   
  Lannick Associates - www.lannick.com/assoc_index.php
  PTC Accounting and Finance Inc - www.ptcaccounting.com
  Robert Half International - www.roberthalffinance.com
  Randstad (formerly Mergis Group) - www.randstad.ca
  Another good website would be www.workopolis.com. This would give you an indication of roles and salaries.
   
  Question: What is CIMA Canada doing to help members with their job search?
 

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

   
8. Mutual Recognition Agreement (MRA) with Canadian Accounting bodies
   
  Question: Does my CIMA qualification help me when applying for membership of CMA Canada?
 

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.

 

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.

   
  Question: I am a member of CMA Canada: can I apply to join CIMA?
  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

   
9. Changes of address, employer, or other personal details
   
  Question: Can you change my personal details in the CIMA database?
  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.
  Go to the CIMAglobal website at www.cimaglobal.com
  The "MY CIMA" portal can be seen on the top right corner of the CIMAglobal homepage
  The contact ID required to sign on is the CIMA contact ID that is on most communication from CIMA, UK
  If you have not visited the "MY CIMA" portal before, then you would create a password as per the guidance on the website.
  Once you enter the "MY CIMA" section, you would click on "my details" and then on "my personal and employment details"
  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.
   
10. Annual Subscription fees
   
  Question: What are the annual fees for CIMA members?
  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
   
11. Shariah compliant Islamic Finance
   
  Question: Can you tell me how I can study Shariah compliant finance?
  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.
  More details can be found at: http://www.cimaglobal.com/Study-with-us/Islamic-finance-qualifications