CMA - Certified Management Accountant

MRS · 12-01-2009, 06:33 PM

Dear Zubair,
Sorry for this belated reply as i was in canada for last one month. I am afraid but your information is outdated, recently the CIMA and ICMAP have signed a MRA after which the ACMA's are required to give four papers to qualify the CIMA. In other words after attempting one paper we will clear the Managerial level of CIMA. The information is mentioned on CIMA website just search for the term "CPGA".

Here is the link for those interested.

http//www2.cimaglobal.com/cps/rde/xchg/SID-0A82C289-12B2B478/live/root.xsl/31349.htm

I must tell you that my post was not meant for any debate on which is the more valuable qualification i.e. ICMAP or IMA but it was just my opinion of the given facts. As already mentioned earlier itâs very easy to pass CMA from IMA and few people have done it by just preparing for 20 to 25 days where as in ICMAP we can never imagine about passing in this short time. May be thatâs why my opinion seems to be biased ) any ways itâs my opinion and you have right to agree or disagree )

Keep smiling

MRS

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by zubair_sco78
 Dear MRS,
Please go to CIMA site only 7 papers exemption are available for ICMAP and 6 papers exemption are avaiable for CMA-IMA. Please see below.

Exemption Search Papers
Institution Institute of Management Accountants (US)
Country United States of America
Qualification Certified Management Accountant (US)
Notes Fully Qualified
Papers
C01 Fundamentals of Management Accounting Fully Qualified Members only
C02 Fundamentals of Financial Accounting Fully Qualified Members only
C03 Fundamentals of Business Mathematics Fully Qualified Members only
C04 Fundamentals of Business Economics Fully Qualified Members only
C05 Fundamentals of Ethics, Corporate Governance and Business Law Fully Qualified Members only
P1 Performance Operations Fully Qualified Members only

Exemption Search Papers
Institution Institute of Cost And Management Accountants of Pakistan (ICMAP)
Country Pakistan
Qualification Cost & Management Acc Final Cert (2005 syllabus)
Notes This decision applies to students taking the 2005 syllabus. If students started fr the 1998 syllabus & completed under the 2005 syllabus, they will be eligible for the exemptions. Students graduating with the 1998 syllabus are not eligible.
Papers
C01 Fundamentals of Management Accounting S201 Fundamentals of Cost and Management Accounting (prev. P-I Cost Accounting); and S303 Cost and Management Accounting - Performance Appraisal (prev. P-II Operational Cost Accounting).
C02 Fundamentals of Financial Accounting S101 Fundamental of Financial Accounting (prev. F-I Principles of Accounting).
C03 Fundamentals of Business Mathematics S203 Business Mathematics & Statistics (prev. P-I Quantitative Methods); and S204 Introduction to Information Technology (prev.F-I Computer Systems or Management Information Systems II).
C04 Fundamentals of Business Economics S102 Business Economics (prev. F-I Economics & Business Environment).
C05 Fundamentals of Ethics, Corporate Governance and Business Law S103 Bsn Laws (prev. F-II Industrial & Commercial Laws); S401 Advanced FA and Analysis (prev. P-II Advanced FA); S403 Corp Laws & Secretarial Practices (prev. P-II Corp Laws & Secr Prac); and S501 Fin Reporting (prev. P-III Fin Rptg).
F1 Financial Operations S301 Fin Acc (prev. F-II Fin Acc); S302 Business Tax (prev. P-II Business Tax); S401 Advanced FA & Analysis (prev. P-II Advanced FA); S501 Fin Reporting (prev. P-III Fin Reporting); and S601 Strategic Fin Mgt (prev. P-IV Strategic Fin Mgt).
P1 Performance Operations S303 Cost and Management Accounting - Performance Appraisal (prev. P-II Operational Cost Accounting).

Regards,
Zubair
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tariqsohail · 12-01-2009, 07:26 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by zubair_sco78
 Dear Sohail,
What do you think. Will this change in syllabus effect the exemption policies of other institutes?

Because they have removed economics and syllabus is shorter than before. Please correct me if i am wrong.

As you have qualified so u know better than me.

Regards,
Zubair
<hr height="1" noshade id="quote"></blockquote id="quote">

Dear Zubair,

Though I am not very much in favor of this change but IMA made this big shift after a very detailed survey from all over the world.
They eleminated few topics and added few new topics in the syllabus but they will test those eleminated topics as well in the exams by assuming that students have already basic level knowledge of elemintaed subjects before appearing in exams.

Change is always important to appear separate from group and whether this change is good or bad only time will tell us.

Following I am quoting list of elminated and added topic in the revised syllabus;

Eliminated portions

Business Economics

Global Business

Information Management

External Financial Statement Reporting

Strategic Marketing

Portion of Strategic Planning subsection

New Sections

Top-Level Planning

Financial Performance Metrics

Analytical Issues in Financial Accounting

Managing Financial Risk

Raising Capital

Corporate Restructuring

Risk Assessment

Valuation

IMA is planning to shift their concentration from middle to managerial/CFO level positions..and to do that thing they need this change.

Regards,
Sohail

haseebacca · 12-03-2009, 06:34 AM

i m from pakistan i just want to know that,is their any ins of CMA in pakistan n exam held in pakistan?

tariqsohail · 12-03-2009, 08:42 PM

Haseeb,

Please clarify you mean to say CMA (IMA-USA) or CMA (ICMAP-Pakistan)?
If you are asking about CMA (IMA) then I don't know any institution but yes exams are held in prometric centers in Lahore, Karachi & Islamabad.
You can visit http//www.prometric.com/default.htm to check centers near to your place.

Regards,
Sohail

Mujahid · 12-03-2009, 10:42 PM

Rehne de tariq. Tu aaj tak mera KSA ka VISA na lagwa saka. Reh gaya oye!

zubair_sco78 · 12-05-2009, 07:11 PM

Dear MRS,
You can see that CIMA-UK is giving exemption of 11 Papers to ICWA-India and ICWA is giving full exemption to CMA-IMA and CIMA-UK is giving only 6 papers exemption to CMA-IMA. Do you understand this? What kind of criteria these bodies have?

Its mean a person who have passed CMA-IMA can get ICWA and after getting ICWA he or she can get 11 papers exemption in CIMA-UK.

I think this is only marketing and Mutual agreements which enables a institute to get exemptions and other benefits of other institute.

I hope you will agree with me.

Regards,
Zubair

kamranACA · 12-05-2009, 07:37 PM

Zubair

Although its not directly a topic of my concern, still I feel like sharing that one may not successfully implement the plan of getting 11 papers exemptions of CIMA-UK by adopting the route you have mentioned for a CMA-IMA.

Typically institutes provide exemptions against "actually" qualified members of the other institute. It means that CIMA-UK will provide exemption to the persons who actually apeared in exams and passed papers of Indian Institute. The one's who get a "designation" on the basis of some other exemptions (say CMA-IMA) may not use such "designation" for getting exemptions on its own basis.

I am not confirmed about exact procedure of CIMA but ICAEW is following same rule. You please check it with CIMA.

Regards,

KAMRAN.

tariqsohail · 12-06-2009, 02:27 AM

I agree with Mr. Kamran.

Mr. Zubair,
I don't understand why somebody need to adopt this kind of route. Suppose if somebody having CMA (IMA) and AICWA (ICWAI) then why he need membership of 3rd management accounting body.

Another point is why you are considering CIMA as a meter to check management accounting body rating. All bodies are doing excellent work for their member. You need to decide where you have plan to work and then check which managment accounting body is more prefferd in that area and feasible for you as well.

Regards,
Sohail

MRS · 12-07-2009, 03:48 PM

Dear Zubair,

I think you got the answer from Mr.Kamran, i do agree with your point that signing of MRA's are marketing strategies and have already mentioned this point before in my post but dear you will agree that these marketing startegies are developed to capture a market and my point is that ICMAP and ICWAI have that sizeable market which CIMA is trying to capture.

The point is that every institute of management accountancy is not the target market for CIMA.

Again thats my assessment dear and every one has right to agree or disagree.

Have a nice day

M.Rizwan

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by zubair_sco78
 Dear MRS,
You can see that CIMA-UK is giving exemption of 11 Papers to ICWA-India and ICWA is giving full exemption to CMA-IMA and CIMA-UK is giving only 6 papers exemption to CMA-IMA. Do you understand this? What kind of criteria these bodies have?

Its mean a person who have passed CMA-IMA can get ICWA and after getting ICWA he or she can get 11 papers exemption in CIMA-UK.

I think this is only marketing and Mutual agreements which enables a institute to get exemptions and other benefits of other institute.

I hope you will agree with me.

Regards,
Zubair

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tahir_azmat2002 · 12-12-2009, 11:28 PM

Dear Mr Tariq,

Kindly advise that does new CMA programme also affect any changes in exemption policies to other accounting bodies. Like before ACCA offering 7 paper exemptions after completing CMA exam. is it still same or any changes in exemption policy also ???

Thanking for your kind assistance in this matter.

Regards

Azmat Tahir

tariqsohail · 12-13-2009, 04:24 AM

Dear Tahir,

Only ACCA & other bodies can tell you about this thing..but I think 7 paper exemption in ACCA will stay for old CMA's but may be they change (Increase/decrease) for new CMA's but its too early to say anything because IMA is going to launch new CMA program in May/June next year.

Regards,
Sohail

jihad · 12-14-2009, 12:34 AM

Mr MRS ,

Im jihad from jordan and i passed all 4 parts of the CMA-IMA from 2 years ago (old one) , and it will never at all to any one to pass it in 20 or 25 days . For the great person with full time it will take at least 1 yeare .

I was studieng 3-4 hours aday with weekends althou i spend 1 yeare and half the year to finish all 4 parts.

with all my regards

MRS · 12-14-2009, 06:30 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by jihad
 Mr MRS ,

Im jihad from jordan and i passed all 4 parts of the CMA-IMA from 2 years ago (old one) , and it will never at all to any one to pass it in 20 or 25 days . For the great person with full time it will take at least 1 yeare .

I was studieng 3-4 hours aday with weekends althou i spend 1 yeare and half the year to finish all 4 parts.

with all my regards

<hr height="1" noshade id="quote"></blockquote id="quote">

With due respect Mr.Jihad i never said that one can pass CMA in 20 to 25 days the point was that if one can prepare properly for 25 days then you can pass one part of CMA and that 25 days means full 25 days . As you have already mentioned that one can clear the CMA (IMA) in one year this proves my point.

Any ways leave it yaar does it matter???

I will like to add some information here, that IMA is ready to sign the MRA with ICMAP the same one which was signed with ICWAI but it is ICMAP which is reluctant to sign this MRA due to the fact that after signing this MRA the new students will try to get the ICMAP membership through IMA route which is less time consuming and require less efforts, and guess what i am supporting this argument ))

Keep smiling

M.Rizwan

Toronto_Boy · 12-15-2009, 12:37 AM

Dear MRS

I think ICWAI's MRA with IMA is for students appearing for IMA exams while living outside India. So, students can't get ICWAI's membership if they qualified for CMA(IMA) while being in India.

Pakistanis living in middle east would get most benefit of such potential MRA, if it happens, as Pakistanis living in other countries like Australia, UK or Canada would prefer CMA of those countries over CMA(IMA).

Lets see...

Regards

jihad · 12-15-2009, 02:30 AM

Dear MRS,

Im so glad to be part of this discussion ,but if you plz would you tell me what is the meaning of (MRA) as a concept.

my dear im smiling now[)]