Find The Meaning Of CIMA?
What Is The Meaning Of CIMA?
Meaning Of CIMA In English,
The term CIMA is the acronym that stands for “Chartered Institute of Management Accountants”. It is a UK based professional body offering training and qualification in management accountancy and related subjects.
It always focuses on accountants working in the industry, and also provides ongoing support and training for members. The CIMA was founded on 18 April 1919. It has its headquarters in London, EC2, and the United Kingdom.
The official language used in English. CIMA is formerly also called as Institute of Costs and Works Accountants. CIMA is also considered amongst one of the professional associations for accountants in the UK and Ireland.
Its particular significance is on developing the management accounting profession. It would be more amazing to know that, CIMA is the largest management accounting body in the world with 281,467 students and is also a member of the International Federation of Accountants.
CIMA (Chartered Institute of Management Accountants) consistently encourages local teaching, practice, and management development operations, and developed abilities through its research foundation and the distribution of management accounting practices through advertising and other media-related pursuits.
It has been also recognized as a professional accounting body for various statutory purposes by the UK and various overseas governments.
FAQ
Is CIMA Better Than ACCA?
However, depending on your career goals and what you want from a qualification, CIMA may be better if you’re looking to pursue management and strategic roles. Whereas ACCA may be better if you want to develop specialist accounting skills and knowledge.
What Is The US Equivalent Of CIMA?
CMA
US CMA is a course in management accounting offered by the Institute of Management Accountants in the USA whereas CIMA is conducted by the Chartered Institute of Management Accountants (CIMA). CMA is more recognised in the US whereas CIMA is a preferred qualification to work in the UK or Europe.
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