Practical
experience
You must
gain at least three years’ relevant practical experience
before you can achieve your Chartered Management Accountant
(ACMA) status. Your practical experience must cover three
areas: Basic, Core and Supplementary (see Requirements
page).
CIMA do not
expect you to cover every element within each area, but you
will need to gain wide experience across all three areas. The
only requirement is that you get at least 18 months of your
experience within the Core area.
You will
record your practical experience as part of your ‘Career
Profile’, and we recommend that you update this regularly.
After you pass your final exams, you will have five years in
which to submit your completed Career Profile and apply for
CIMA membership.
The Career
Profile is made up of the following three sections:
-
Personal
information.
-
A summary
of your full employment history.
-
An enhanced
Curriculum Vitae, including a detailed history of your
relevant practical experience, specifying the number of
months you spent in each position and a description of the
work you did.
-
Record of
skills development.
After you
register you will receive our Student Resource File; the full
practical experience and Career Profile guidelines are within
that document.
Practical
experience requirements
Area
1 - Basic experience
| 1a |
Preparing
and maintaining accounting records |
| 1b |
Statutory
and regulatory reporting |
| 1c |
IT
desktop skills |
| 1d |
Systems
and procedure development |
|
|
Area 2 - Core experience |
|
| 2a |
Preparation
of management accounts |
| 2b |
Planning,
budgeting and forecasting |
| 2c |
Management
reporting for decision-making |
| 2d |
Product
and service costing |
| 2e |
Information
management |
| 2f |
Project appraisal |
| 2g |
Project
management |
| 2h |
Working
capital control |
|
| Area
3 - Supplementary experience |
|
| 3a |
Financial
strategy |
| 3b |
Corporate
finance |
| 3c |
Treasury
management |
| 3d |
Taxation |
| 3e |
Business
evaluation and appraisal |
| 3f |
Business strategy |
| 3g |
External relationships |
Lifelong learning
CIMA
recommend that their members continue to expand their knowledge
and develop their skills and flexibility through continuing
professional development in order to maintain confidence
and credibility. |
