The Chartered Institute of Managements Accountants (CIMA) is now offering membership to PICPA members.
As a PICPA member, you are eligible for eight paper exemptions from the CIMA qualification, i.e., all five papers of the CIMA Certificate in Business Accounting, Paper 1 (Management Accounting Performance Evaluation), Paper 7 (Financial Accounting & Tax Principles), and Paper 8 (Financial Analysis) of the Managerial level.
A PICPA member need to take the remaining (1) 3 papers for the Managerial Level, (2) 3 papers of the strategic level & the TOPCIMA.
The papers under the managerial levels are:
Paper 2 - Management Accounting Decision Management
Paper 4 - Organizational Management & Information Systems
Paper 5 - Integrated Management
Papers under the strategic levels are:
Paper 6 - Management Accounting Business Strategy
Paper 3 - Management Accounting Risk & Control Strategy
Paper 9 - Management Accounting Financial Strategy
and the Test of Professional Competence in Management Accounting (TOPCIMA)
Papers 2, 4, 5 can be taken separately, Papers 6, 3 & 9 must be take together. Once you pass all of these papers, that's the only time you can take the final paper - TOPCIMA.
The exemption for 3 papers will be granted only to those who will register for the exam on or before December 31, 2009.
For more information, get a brochure from PICPA office.