CANDIDATE GUIDE 2022 Guide on Policies & Requirements for CIMA Charter - Chartered Investment and Management ...

CANDIDATE
GUIDE
2022
Guide on Policies & Requirements for CIMA® Charter

©2021-2025. The CIMA® Institute, American Council of Professional Accountants. All Rights Reserved.

Contents
    A.
 Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . 4

    B.
 The
CIMA®
Charter
 . . . . . . . . . . . . . . . . . . . . . 5

    C.
 CIMA®
Program
Package . . . . . . . . . . . . . . . . . 6

    D.
 Ideal
Entry
Skills . . . . . . . . . . . . . . . . . . . . . . . 8

    E.
 CIMA®
Candidacy
Tracks . . . . . . . . . . . . . . . . . 9

    F.
 Pathway
Privileges . . . . . . . . . . . . . . . . . . . . 10

    G.
 CIMA®
Knowledge
Speci cations . . . . . . 11-13

    H.
 CIMA®
Exam
Structure . . . . . . . . . . . . . . . 14-16

    I.
 CIMA®
Examinations . . . . . . . . . . . . . . . . . 17-22

    J.
 Key
CIMA®
Policies . . . . . . . . . . . . . . . . . . 23-26

    K.
 CIMA®
Learning
Resources . . . . . . . . . . . . . . 27


 L.


Continuation
of
CIMA®
Designation
 . . . . . . . 27

    M.
 CIMA®
Study
Plan . . . . . . . . . . . . . . . . . . . 28-29

    N.
 CIMA®
Membership . . . . . . . . . . . . . . . . . . . . 30

    O.
 Code
of
Ethics. . . . . . . . . . . . . . . . . . . . . . 31-32

    P.
 Copyrights,
Associations
&
Governance
 . . . 33

2

Welcome
to
the

CIMA®
Program!
The
CIMA®
charter
spells
out
an

objective
measure
of
an

individual's
knowledge,

competence
and
potential
for

practicing
investment
&

management
accounting
in

global
organizations.

This
candidate
guide
seeks
to

inform
CIMA®
candidates
about

the
CIMA®
knowledge
framework

and
the
process,
policies
and

regulations
governing
the
award

and
continuation
of
the
CIMA®

quali cation.

Email:
info@cima.us.org
©2021-2025.
The
CIMA®
Institute,
American
Council
of
Professional
Accountants.
All
Rights
Reserved.

www.cima.institute

                                                3

CIMA®
Charter
Conditions
To
be
eligible
for
the
award
of
the
CIMA®
charter
and
designation,
a
candidate

must:

    Be
formally
registered
as
a
CIMA®
candidate
after
paying

    the
CIMA®
program
fee

    Meet
the
minimum
education
norms
stipulated
from
time
to
time

    Qualify/
pass
all
required
examination
parts

    Comply
with
the
CIMA®
Code
of
Ethics

Enrolling
in
the
CIMA®

Program

Ÿ   Visit
CIMA
Institute’s
o cial
website
www.cima.institute.
Ÿ   Click
the
Apply
Now
link
available
at
multiple
places
on
the
website
to
reach

    the
application
section.
Ÿ   Select
the
relevant
CIMA®
Level
(Level
1,
Level
2
or
Pathway)
on
the

    application
form.
If
you
select
Level
2,
you
will
be
asked
to
log
into
your

    MyCIMA
dashboard
because
Level
2
registration
is
only
open
for
candidates

    who
have
already
passed
their
CIMA®
Level
1
exam.
Ÿ   Complete
and
submit
the
online
application
form.
myCIMA
account
will
be

    created
automatically
for
 rst-time
applicants.
Ÿ   Agree
to
the
Terms
and
Conditions
and
Submit
the
application.
Ÿ   Approval
and
registration
decision
will
arrive
within
72
hours.
Ÿ   Log
into
your
myCIMA
account,
and
check
for
the
registration
decision.
Ÿ   If
your
application
is
approved,
you
will
receive
the
registration
o er.
Ÿ   Accept
the
Registration
o er
on
your
myCIMA
dashboard.
Ÿ   Make
the
payment
online
on
the
dashboard,
or
through
wire
transfer.
In

    case,
you
have
used
the
wire-transfer
mode
to
pay
your
fee,
do
get
the

    remittance
or
transaction
reference
code
from
your
bank
and
share
it
on
the

    myCIMA
account
when
you
are
asked
to.
Your
registration
will
not
be

    complete
until
you
submit
the
reference
code.
Ÿ   Once
your
payment
is
con rmed,
your
registration
in
CIMA®
is
con rmed.
Ÿ   Check
your
email
for
o ers
for
study-material
from
independent
content

    providers.

                                                                                     4

Program
Package
The
CIMA®

program
package
includes
the
following
and
the
fee

is
to
be
paid
at
the
time
of
registering:

    CIMA®
Exam
fee


    Two
Re-exams/
Re-sits
for
each
exam

    Two
mock
exams

    CIMA®
membership
fee
for
5
years

    Life-time
access
to
myCIMA
dashboard

    Entry/
Registration
fee
for
CIMA®
Networking
events

    for
 ve
years

    Access
to
annually-updated
CIMA®
body
of

    knowledge
and
CIMA®
Candidate
Guide

    Comprehensive
CIMA®
Study
Guide

    Digital
designation
badge

CIMA®
Fee
Printed
CIMA®
credential-certi cate
&
designation
pin

The
CIMA®
program
fee
must
be
paid
in
full
to
complete
the
registration

  CIMA®
membership
card
into
the
CIMA®
program.
The
latest
fee
structure
is
mentioned
on
the

o cial
CIMA®
website.

Standard
route
applicants
require
to
pay
the
prescribed
CIMA®
Level
1

fee
and
qualify
the
Level
1
exam
before
they
can
register
for
CIMA®

Level
2.
Professional
Pathway
applicants
require
to
qualify
only
one

exam
and
must
pay
the
applicable
fee
in
full
at
the
time
of
registration.

Please
visit
your
CIMA®
dashboard
for
updated
information.
CIMA®
program
package
fee
does
not
include
taxes
as
may
be

applicable
in
various
countries.
The
program
package
fee
also
does
not

include
the
nominal
post-quali cation
CIMA®
joining
fee
charged
at
the

time
of
issuing
the
CIMA®
credential-certi cate
and
digital
badge.

5

The
Most
 Important
 Accounting
Quali cation
   Today.

               6

Ideal
Entry
Skills
    Though
there
are
no
speci c
academic

    background
or
professional
experience

    requirements
for
entry
into
the
CIMA®
program,

    applicants
who
are
exposed
to
the
fundamentals

    of
business,
 nance
and
accounting
tend
to

    complete
their
coursework
and
exams
much

    sooner
for
obvious
reasons.
Registrants
are

    strongly
recommended
to
develop
a
decent

    understanding
on
strategy,
costs,
trade,
exports,

    foreign
exchange,
the
importance
of
 nance
and

    accounting
in
modern
organizations;
the
concept

    of
risk
for
businesses;
the
challenges
of
the
global

    business
environment;
the
di erences
between

    various
forms
of
accounting;
the
concept
of

    accounting
standards;
importance
of
budgets,

      nancial
statements;
auditing
and
the
linkage

    between
tax
management
and
 nancial

and

    accounting
analysis.

7

CIMA®
Candidacy
Tracks
CIMA®
is
designed
as
a
super-specialist
global
quali cation
for

professionals
seeking
advancement
and
growth
in
their
careers
in

emerging
domains
of
the
 nance
and
accounting
functions
in

Fortune
companies,
large
business
houses,
investment
banks,

hedge
funds
as
well
as
global
consulting,
brokerage
and
asset
&

wealth
management
 rms.
The
prerequisite
for
CIMA®
program

registration
is
at
least
a
Bachelor's
degree
from
an
accredited

university
in
any
discipline.
There
are
no
work-experience
or
age

barriers
for
applying
for
CIMA®.
The
CIMA
Institute
o ers
two

regulation
tracks
for
enrolment
in
the
CIMA®
program:
the

Standard
Route,
and
the
Professional
Pathway.


Standard
Route
This
route
must
be
opted
by
professionals
whose
most
recent

quali cation
is
a
Bachelor's
degree
from
a
nationally
or

internationally
recognized/
accredited
institution.
The
academic

background
or
major
is
no
limitation,
though,
individuals
having
a

prior
exposure
to
accounting,
 nance
and
business
do
tend
to
 nd

the
CIMA®
program
journey
simpler
and
faster
to
complete.
The

Standard
Route
is
composed
of
two
levels
of
exams,
each
covering

10
modules.


Professional
Pathway

Professional
Pathway
is
instituted
for
applicants
who
hold
a

professional
quali cation
or
a
certi cation
in
 nance,

management
accounting;
company
secretaryship,
cost

accounting;
public
accounting
and
similar
or
related
areas
from
a

nationally
or
internationally
recognized
professional
association

or
a
certi cation
body.

Please
note,
the
CIMA®
Institute
occasionally
introduces
special
CIMA®
programs
for
certain

geographies,
and
also
unique
tracks
for
undergrad
and
graduate
students
of
universities
and

business
schools.
Information
about
these
special
CIMA®
variants
can
be
had
by
writing
to

info@cima.us.org.

                                                                                               8

Pathway
Privileges
CIMA®
Professional
pathway
accelerates
the
CIMA®

program
journey
of
applicants
already
oriented

and
exposed
to
accounting
and
 nance,
while

reducing
the
study
and
exam-preparation
e ort

substantially
too.


Professionals
already
holding
specialized

professional
quali cations
or
certi cations
in

various
areas
of
accounting
or
 nance
from

national
or
international
accounting/
 nance

bodies
are
considered
for
the
CIMA®
Professional

Pathway.


While
the
standard
CIMA®
program
requires

candidates
to
complete
and
qualify
Level
1
and

Level
2
exams
(of
4-hours
each),
the
Professional

Pathway
candidates
require
to
qualify
only
one,

single,
uni ed
professional
pathway
exam
to
earn

CIMA®
quali cation,
and
that
too
by
preparing
in

only
13
of
the
standard
20
CIMA®
knowledge
areas.

Not
to
be
missed,
the
Professional
Pathway

applicants
pay
a
special
fee,
much
lower
than
the

standard
CIMA®
fee.

9

CIMA®

Knowledge
Speci cations
Knowledge
Dimensions
The
three
CIMA®

spec
levels


-BASIC,

INTERMEDIATE
&
ADVANCED
for
each

knowledge
area
combine
six
knowledge
dimensions
to
de ne
the
nature
and

degree
of
competence
CIMA®
candidates
must
ideally
possess
to
be
able
to

successfully
pass
the
CIMA®
exams
and
demonstrate
their
readiness
to

perform
e ciently
and
e ectively
at
the
highest
levels
in
the
most
complex
of

roles
as
investment
&
management
accountants.

1.
 Knowledge:
Ability
to
remember
previously
learned
material
such
as

    speci c
facts,
criteria,
techniques,
principles,
and
procedures
(i.e.,
identify,

    de ne,
list).
2.
 Comprehension:
Ability
to
grasp
and
interpret
the
meaning
Of
material
(i.e.,

    classify,
explain,
distinguish
between).
3.
 Application:
Ability
to
use
learned
material
in
new
and
concrete
situations

    (i.e.,
demonstrate,
predict,
solve,
modify,
relate).
4.
 Analysis:
Ability
to
break
down
material
into
its
component
parts
so
that
its

    organizational
structure
can
be
understood;
ability
to
recognize
causal

    relationships,
discriminate
between
behaviors,
and
identify
elements
that

    are
relevant
to
the
validation
Of
a
judgment
(i.e.,
di erentiate,
estimate,

    order).
5.
 Synthesis:
Ability
to
put
parts
together
to
form
a
new
whole
or
proposed
set

    Of
operations;
ability
to
relate
ideas
and
formulate
hypotheses
(i.e.,

    combine,
formulate,
revise).
6.
 Evaluation:
Ability
to
judge
the
value
of
material
for
a
given
purpose
on
the

    basis
of
consistency,
logical
accuracy,
and
comparison
to
standards;
ability

    to
appraise
judgments
involved
in
the
selection
of
a
course
of
action
(i
.e.,

    criticize,
justify,
conclude).

Level
Speci cation
Methodology
The
three
levels
of
coverage
can
be
de ned
as
follows:

   •
BASIC:
Requiring
the
skill
levels
of
knowledge
and
comprehension.
   •application,
and
analysis.
    INTERMEDIATE:
Requiring
the
skill
levels
of
knowledge,
comprehension,



   •application,
analysis,
synthesis,
and
evaluation.
    
ADVANCED:
Requiring
all
six
skill
levels
Of
knowledge,
comprehension,


The
speci cation
levels
combine
the
six
knowledge
dimensions
-
namely
-

knowledge,
comprehension,
application,
analysis,
synthesis,
and
evaluation.

Read
more
on
knowledge
dimensions
in
the
next
section.
These
speci cation

levels
are
broad
and
represent
ceilings,
i.e.,
a
knowledge
area
designated
for

HIGH
spec
may
contain
requirements
at
the
"BASIC,"
"INTERMEDIATE,"
or

"ADVANCED"
spec
levels,
but
an
area
designated
as
INTERMEDIATE
will
not

contain
requirements
at
the
"ADVANCED"
spec
level.
                                                                                        10

CIMA®

Knowledge
Speci cations
   LEVEL
            INVESTMENT & MANAGEMENT ACCOUNTING -                          WEIGHT   KNOWLEDGE
     1      FOUNDATIONAL PRINCIPLES & CONCEPT FRAMEWORKS                             SPECS

   CS-11
   Accounting
for
Investment
&
Managerial
Decision-Making
        8%        BASIC

   CS-12
   Business,
Strategy
&
International
Competitiveness             8%        INTERMEDIATE

   CS-13
   Analyzing
Financial
Statements
for
Business
Decisions          12%       ADVANCED

   CS-14
   Managing
&
Accounting
Risks
in
Business
                       12%       ADVANCED

   CS-15
   Cost
Structuring,
Product
Costing
&
Activity
Based
Costing     10%       ADAVAVCED

   CS-16
   Investment
Accounting
Framework
&
Concepts                     10%       ADVANCED

   CS-17
   Financial
Markets,
Instruments
&
Derivatives                   10%       ADVANCED

   CS-18    Techniques
of
Managing
Investment
Portfolios                   10%       ADVANCED

   CS-19    Capital
Investments
and
Capital
Budgeting                      10%       ADVANCED

   CS-20    Management
Accounting
&
Enterprise
Performance
Analysis        10%       INTERMEDIATE

   LEVEL    INVESTMENT & MANAGEMENT ACCOUNTING -                                   KNOWLEDGE
                                                                         WEIGHT
    2       APPLICATION PRINCIPLES & PRACTICE FRAMEWORKS                             SPECS

   CS-21
   Techniques
of
Pricing
Financial
Assets                         10%       ADVANCED

   CS-22
   Techniques
&
Practices
of
Valuing
Businesses                   12%       ADVANCED

   CS-23
   Practices
in
International
Financial
Reporting
               10%        ADVANCED

   CS-24
   Techniques
of
Currency
Risk
Management                        10%        ADVANCED

   CS-25
   Accounting
Tax
In
Global
Investments
and
Business             7%         INTERMEDIATE

   CS-26
   Accounting
Transfer
Pricing
In
Global
Business                10%        INTERMEDIATE

   CS-27
   Investment
Accounting
Techniques
&
Practices                   15%       ADVANCED

   CS-28    Investment
Audit
Techniques
&
Practices                       10%        ADVANCED

   CS-29    Corporate
Governance
&
Ethics
in
Global
Organizations         8%         BASIC

   CS-30    Technology
&
Anaytics
in
Accounting                            8%        INTERMEDIATE

                                                                                                    11

CIMA®
Standard
Program
Structure
 Candidates
must
qualify
the
Standard
CIMA
Level
1
and
Standard
CIMA®
Level
2
exams
of
240
minutes
each

 carrying
150
multiple
choice
questions
each.
The
exams
cover
the
following
20
knowledge
areas
‒
10
in
each

 Level.
Level
1
exam
has
to
be
passed
at
least
90
days
before
taking
the
Level
2
CIMA®
exam.

     Level
1
     Investment
&
Management
Accounting
-
Foundational
Principles
&
Concept
Frameworks             Weightage

     CS-11:
Accounting
for
Investment
&
Managerial
Decision-Making

                                   8%

     CS-12:
Business,
Strategy
&
International
Competitiveness                                         8%

     CS-13:
Analyzing
Financial
Statements
for
Business
Decisions                                     12%

     CS-14:
Managing
&
Accounting
Risks
in
Business                                                   12%

     CS-15:
Cost
Structuring,
Product
Costing
&
Activity
Based
Costing                                10%

     CS-16:
Investment
Accounting
Framework
&
Concepts                                                10%

     CS-17:
Financial
Markets,
Instruments
&
Derivatives                                              10%

     CS-18:
Techniques
of
Managing
Investment
Portfolios                                              10%

     CS-19:
Capital
Investments
and
Capital
Budgeting                                                 10%

     CS-20:
Management
Accounting
&
Enterprise
Performance
Analysis                                   10%

     Level
2
     Investment
&
Management
Accounting
-
Application
Principles
&
Practice
Frameworks             Weightage

     CS-21:
Techniques
of
Pricing
Financial
Assets                                                    10%

     CS-22:
Techniques
&
Practices
of
Valuing
Businesses                                              12%

     CS-23:
Practices
in
International
Financial
Reporting                                            10%

     CS-24:
Techniques
of
Currency
Risk
Management                                                    10%

     CS-25:
Accounting
Tax
in
Global
Investments
and
Business                                         07%

     CS-26:
Accounting
Transfer
Pricing
In
Global
Business                                            10%

     CS-27:
Investment
Accounting
Techniques
&
Practices                                              15%

     CS-28:
Investment
Audit
Techniques
&
Practices                                                   10%

     CS-29:
Corporate
Governance
&
Ethics
in
Global
Organizations                                     08%

     CS-30:
Technology
&
Anaytics
in
Accounting                                                       08%

12

CIMA®
Professional
Pathway
Structure
     Candidates
are
required
to
qualify
only
one,
uni ed
Professional
Pathway
Exam
of
240
minutes
carrying
150

     multiple
choice
questions.
This
exam
covers
13
knowledge
areas
‒
6
from
Level
1,
and
7
from
Level
2.

     Level
1
     Investment
&
Management
Accounting
-
Foundational
Principles
&
Concept
Frameworks                Weightage

     CS-11:
Accounting
for
Investment
&
Managerial
Decision-Making                                       15%

     CS-12:
Business,
Strategy
&
International
Competitiveness                                           15%

     CS-14:
Managing
&
Accounting
Risks
in
Business
                                                     20%

     CS-16:
Investment
Accounting
Framework
&
Concepts                                                   15%

     CS-18:
Techniques
of
Managing
Investment
Portfolios                                                 15%

     CS-20:
Management
Accounting
&
Enterprise
Performance
Analysis                                      20%

     Level
2
     Investment
&
Management
Accounting
-
Application
Principles
&
Practice
Frameworks                Weightage

     CS-21:
Techniques
of
Pricing
Financial
Assets                                                       15%

     CS-22:
Techniques
&
Practices
of
Valuing
Businesses                                                 15%

     CS-24:
Techniques
of
Currency
Risk
Management                                                       15%

     CS-26:
Accounting
Transfer
Pricing
In
Global
Business                                               15%

     CS-27:
Investment
Accounting
Techniques
&
Practices                                                 15%

     CS-29:
Corporate
Governance
&
Ethics
in
Global
Organizations                                        10%

     CS-30:
Technology
&
Analytics
in
Accounting                                                         15%

13

CIMA®
Examinations
     Exam
Overview


                             Registration/
Candidacy
Tracks

                             Standard
Route                 Professional
Pathway

                             Level
1
exam                   Single,
uni ed
exam

     Number
of
Exams
                             Level
2
exam                   covering
both
Levels
1

                                                            and
2

     Mode
of
Exam            On-demand
Online               On-demand
Online


                             Level
1
exam-
                 240
minutes
     Duration
of
Each
Exam
                             240
minutes
                             Level
2
exam-

                             240
minutes

                             Level
1
exam-
                 150
questions
     Number
of
Questions
                             150
questions
                             Level
2
exam-

                             150
questions

                             Multiple
choice,
Single
       Multiple
choice,
Single

     Type
of
Exam

                             answer                         answer
     Questions

                             Threshold
Passing
Score
      65%
                             Threshold
Passing
Score
is
dynamic;
varies
across
batches

     Passing
Score
%age
                             (TPS)
is
dynamic

                             not
shared
with
candidates


                             Create
your
myCIMA
            Create
your
myCIMA

     Exam
Registration
                             account                        account

     Exam
Results            Level
1
exam-
15
days
                                                            15
Days
                             Level
2
exam-
15
days

                                                                                          14

CIMA®
Examinations
     Exam
Mode
     All
CIMA®
exams
are
on-demand,
online
and
are
remote-delivered

     individually
to
candidates
in
any
geographic
location.
This
implies,

     candidates
can
take
their
exams
anywhere
and
virtually
at
any
time
of

     their
choosing
and
convenience.
CIMA®
exam
teams
conduct
a
remote

     validation
and
approval
of
the
computer
systems
and
exam-rooms
to
be

     used
by
candidates
before
the
exam
can
be
delivered.
In
some
locations,

     CIMA®
exams
are
also
delivered
in
o ine,
pen-and-paper
mode.

     Announcements
of
o ine
exam
events
are
made
on
the
o cial
CIMA®

     website
at
least
9
-
12
months
in
advance.



     Exam
Registration
Time-lines

     All
CIMA®
candidates
can
register
for
their
CIMA®
exam
anytime
90
days

     after
they
have
received
con rmation
of
their
enrolment
in
the
CIMA®

     program.
Standard
Route
candidates
must
pass
both
levels
within
3

     years
of
the
CIMA®
enrolment
date.
They
can
schedule
their
Level
2

     exams
only
90
days
after
passing
the
Level
1
exam.
Professional
Pathway

     candidates
require
to
pass
their
pathway
exam
within
2
years
of
the

     enrolment
date.

     Exam
Scheduling
&
Cancellation
     All
CIMA®
exams
can
be
conveniently
scheduled
right
from
the

     candidates’
myCIMA
dashboard
anytime
90
days
after
the
date
of

     con rmation
of
enrolment
in
the
CIMA®
program.
Detailed
instructions

     on
exam
logistics
and
policies
are
available
on
the
myCIMA
dashboard.

     Canceling
a
scheduled
CIMA®
exam
does
not
automatically
re-schedule

     an
exam.
Candidates
require
to
reschedule
on
their
own
from
their

     myCIMA

dashboard
by
paying

a
nominal
fee
of
US$
50.00.

     Exam
Attempts
&
Resits
     Candidates
registering
in
any
of
the
CIMA®
registration/
enrolment
tracks

     get
three
free
attempts
to
clear
each
required
CIMA®
exam.

     In
the
event
candidates
fail
to
pass
their
CIMA®
exam(s)
in
their
 rst
three

     attempts,
they
can
appear
for
CIMA®
exams
again
by
paying
US$
250
for

     each
exam
applicable
for
them.
They
can
register
for
retake
of
the
CIMA®

     exam
from
their
myCIMA
dashboard.

     Please
note
that
examinees
can
apply
for
a
resit
in
the
applicable
CIMA®

     exam
only
after
the
payment
is
made.
The
following
events
will
be

     counted
as
a
resit,
and
will
deduct
one
free
resit
attempt:
     
    •
 A
no-show
on
a
scheduled
exam
date
     
    •
 Failing
the
scheduled
exam

15

CIMA®
Examinations
 
CIMA®
Exam
Fee
Payment
     CIMA®
Exam
fee
is
integrated
in
the
CIMA®
program
fee.
New/
fresh
Standard
Route
applicants
are
enrolled
in

     CIMA®
Level
1,
and
their
CIMA®
program
fee
includes
the
CIMA®
Level
1
exam
fee.
CIMA®
Level
2
exam
fee
gets
due

     only
90
days
after
the
candidates
have
successfully
passed
their
CIMA®
Level
1
exam.
Exam
fee
for
Professional

     Pathway
applicants
is
included
in
the
CIMA®
program
fee
paid
by
them
at
the
time
of
enrolment.
There
is
no
exam

     fee
for
the
three
attempts
for
.
Fourth
attempt
onward,
every
re-sit
carries
US$
250.00
charge.
The
fee
can
be
paid

     online
through
credit/debit
cards
or
through
electronic
bank
transfer.
Write
to
care@cima.us.org
for
details.

 Online
Exam
Conduct
Standards



 CIMA®
online
exams
are
delivered
on
the
most
rigorous
test
delivery
standards
under
the
Question
and
Test

 Interoperability
(QTI)
norms
that
conform
to
leading
edge
Portable
Custom
Interaction
Best
Practices.
CIMA's

 charter
exam
standards
and
best
practices
exceed
the
most
stringent
of
international
testing,
accreditation
and

 credentialing
norms.

 Online
Exam
System
Requirements


 Operating
System                        Display
(Resolution)                      Network
Connection
     Windows
10
Windows
8.1
              1024
x
768
[Recommended]                 Strongly
recommend
using
a

     (32-bit
and
64-bit)
Windows
                                                  wired
network
rather
than
a

     7
SP1
(32-bit
and
64-bit)                                                     wireless
network
as
it
provides

                                                                                   better
exam
delivery

                                                                                   performance.

 Internet
Connection
Speed                Web
Browser(s)                           Webcam
     Minimum
1
Mbps                       Latest
Version
of
Google
                Internal
or
an
External

                                          Chrome
Only                              Webcam
must
connected

                                                                                   to
the
computer
 Firewall(s)                                                                       Admin
Rights
     Corporate
Firewalls
(including
VPNs)
often
cause
this
Exam
                   Should
have
Admin
Rights

     Delivery
method
to
fail.
Please
take
your
Exam
in
a
setting
                  on
your
Laptop/Computer
     without
these
Firewalls

16

CIMA®
Examinations
 
CIMA®
Exam
Design

 A
typical
CIMA®
exam
includes
a
mix
of
Type
A
and
Type
B
questions
for
a
total
of
150
questions:

 TYPE
A
-
GENERAL
UNDERSTANDING
OF
CONCEPTS
 These
questions
directly
test
the
examinees'
ability
to
correctly
and
precisely
recollect
concepts,
principles,

 techniques,
and
generally
accepted
practices.
TYPE
A
Questions
are
fact‒based
with
the
answer‒options
being

 clear
statements
‒
either
clearly
correct,
or
incorrect.
There
is
only
one
CORRECT
answer
to
TYPE
A
questions,
and

 examinees
are
scored
only
if
the
correct
options
are
selected/
checked.
 TYPE
B
-
ABILITY
TO
APPLY
UNDERSTANDING
&
KNOWLEDGE
 TYPE
B
Questions
directly
test
the
examinees'
capacities
for
critical
analysis,
judgment,
and
objectivity
in

 measuring
and
gauging
challenges
scienti cally
and
devising
approaches,
plans,
and
programs
to
resolve
them

 with
accountability
and
a
higher
degree
of
success
and
e ectiveness.
TYPE
B
Questions
also
have
four

 answer‒choices
and
ONLY
one
of
these
four
would
be
CORRECT.

 
Exam
Rationalization

 Since
questions
and
their
forms
in
CIMA®
exams
vary
across
exam
events
and
time,
and
the
degree
of
di culty
of

 questions
may
hence
also
vary
from
exam
to
exam,
CIMA®
uses
statistical
models
to
rationalize
and
calibrate

 scoring
to
ensure
that
the
same
standard
and
measures
are
used
to
evaluate
all
examinees
irrespective
of
when

 and
where
they
take
their
CIMA®
exams.
Exam
rationalization
ensures
that
the
passing
scores
across
all
CIMA®

 exams
for
all
examinees
stay
aligned
to
the
varying
levels
of
di culty
of
questions
featuring
in
CIMA®
exams.

 
Threshold
Passing
Score
%age
 The
CIMA®
Institute
does
not
have
a
 xed
minimum
passing
score
to
ensure
fairness
for
candidates
across
batches

 taking
exams
in
varying
conditions.
Instead
Threshold
Passing
score
is
 xed
after
considering
the
exam

 performance
of
candidates
in
the
past
90
days.

 Quali cation
Award
 All
candidates
qualifying
the
prescribed
CIMA®
exam(s),
are
recommended
for
the
award
of
the
CIMA®

 quali cation.
Standard
Route
candidates
require
to
pass
Level
1
and
Level
2
exams
within
3
years,
while

 Professional
Pathway
candidates
require
to
pass
their
single
CIMA®
Pathway
exam
within
2
years
to
merit
the

 award
of
the
CIMA®
quali cation,
credential,
designation,
digital
badge
and
CIMA®
membership.
While
the
CIMA®

 digital
badge
is
issued
immediately
to
quali ed
candidates,
their
o cial
CIMA®
credential-cert cate,
badge
and

 membership
certi cate
are
released
within
8
to
12
weeks.


17

CIMA®
Policies
 Education
Proofs
&
Identi cation
Requirements

 All
CIMA®
candidates
have
to
submit
relevant
proofs
of
their
educational
and

 professional
quali cations
to
ful l
the
conditions
prescribed
for
earning
the
CIMA®

 quali cation.
Also,
the
candidate
must
have
two
valid
IDs
from
the
list
below,
one

 primary
ID
with
photo
and
signature
and
one
secondary
ID
with
signature.

 Acceptable
ID
Proofs/
documents
include:
 Primary
ID
 •


Government
issued
driver's
license
 •


Passport
 •


Military
ID
 •


State/Country
ID
 •


Employee/School
ID

 Secondary
ID
 •


Any
primary
ID
 •


Social
Security
Card
 •


Credit/Debit
card
 •


Bank
ATM
card
 •


Photo
must
look
like
the
candidate
 Note:
All
IDs
required
must
be
issued
by
the
country
in
which
the
candidate
is
testing.
If
the

 candidate
does
not
have
a
qualifying
primary
ID
issued
from
the
country
they
are
testing
in,
an

 International
Travel
Passport
from
their
country
of
citizenship
is
required,
along
with
a
secondary
ID.
 The
 rst
and
last
name
that
the
candidate
uses
to
register
must
match
exactly
with
the
 rst
and
last

 name
on
both
of
the
IDs
that
are
presented
on
exam
day.
 You
will
not
be
permitted
to
take
the
exam(s)
without
proper
identi cation.

 Calculator
Policy

 Small
battery-
or
solar-powered
electronic
calculators
restricted
to
a
maximum

 of
six
functions—
addition,
subtraction,
multiplication,
division,
square
root,

 and
percentage—are
allowed.
The
calculator
must
not
be
programmable
and

 must
not
use
any
type
of
tape.
Candidates
can
also
use
Texas
Instruments'
BA
II

 Plus,
HP
10bII+,
HP
12c,
or
HP
12c
Platinum
calculators
when
taking
the
exams.

 The
Hewlett-Packard
10BII
is
valid,
but
no
longer
available
for
purchase.

 Candidates
will
not
be
allowed
to
use
calculators
that
do
not
comply
with
these

 restrictions.

18

CIMA®
Exam
Policies
A.       Policy Applicability                                     2.     The Proctor will have the final authority for ma er
     1.  The policy is applicable for CIMA® exam(s)                     related to entry, ming, special considera ons etc.,
        conducted in an examina on hall where examinees                 and examinees and the exam coordinator will
        physically assemble at a pre-scheduled me on a                  require to follow the Proctor instruc ons and
        prescheduled date to take their exam(s) in the                  decisions.
        presence of at least ONE Proctor appointed by the         3.     You are required to bring an official means of your
        CIMA Ins tute.                                                  iden ty to the exam, such as your passport, driving
     2. This policy covers pen and- paper exams, in which               license or na onal ID card. If you forget your ID,
        printed ques on papers are administered to                      you will be required to return to your center before
        examinees onsite, and examinees respond in paper                the end of the exam session with appropriate ID.
        answer books/ answer sheets.                              4.     Visi ng external Proctors will have the right to
     3. The terms registra on and enrolment are being                   refuse entry to any examinee in, or expel him/ her
        used interchangeably and mean the same in the                   from the exam hall if the examinee misbehaves or
        context of the entry or admission in the CIMA®                  is found to engage in suspicious or fraudulent
        program. The term registra on used in the context               ac vity
        of CIMA® exams implies booking a CIMA® exam               5.     The candidates are not allowed to carry or use any
        slot by a candidate.                                            electronic devices during the examina on other
     4. Country or context-specific policies like those on               than the prescribed ones.
        pandemic etc., are available on the official CIMA®          6.     No personal items may be taken into the tes ng
        website                                                         zone. This includes all bags, notes, books, phones,
                                                                        tablets, watches, wallets, food & beverages.
B.       Program Enrolment Validity                               7.     If you are up to an hour late for the exam, you will
     1.  The enrolment of Standard Route candidates is                  s ll be allowed to enter the exam hall, although no
        valid for three calendar years from the date of                 extra me will be awarded. However, the proctor
        confirma on of enrolment. Standard Route                         will not allow you to enter the hall if you arrive
        candidates hence must pass both the Standard                    more than an hour late, and this will be marked as
        CIMA® Level-1 and 2 exams within three years of                 a no show. This will also be counted as an exam
        their CIMA® program registra on confirma on.                     a empt, and reduce the number of free exam
        Standard Route candidates must complete their                   a empts by one.
        Level 1 exam at least 90 days before registering for      8.     All issues during the exam will be duly taken care
        their Level 2 exam.                                             of by the Proctor(s) or offsite technical team
     2. The enrolment of Professional Pathway candidates                deputed by the CIMA Ins tute to manage exam(s)
        is valid for 2 calendar years from the date of            9.     Examinees misbehaving with each other or with
        confirma on of enrolment. Professional Pathway                   the Proctor or the exam coordinator will be
        candidates hence must pass, their single unified                 expelled from the exam hall and their exam will be
        Pathway exam latest within two years of their                   cancelled, and in extreme cases, the erring
        CIMA® program registra on confirma on.                           examinees may even be permanently barred by the
     3. Once a passing score is achieved on a specific                   CIMA® Ins tute.
        exam, no further a empts are allowed for that             10.    If you decide to drop out of the exam due to any
        exam.                                                           reason a er spending some me on your seat, you
                                                                        must submit the exam pack to the Proctor before
C.       Considera ons                                                  leaving the exam center. Not submi ng the exam
                                                                        pack is a criminal offence, and there are severe
     1.  In the unlikely case of an exam event being                    consequences.
        canceled because of any reason beyond the control
        of the CIMA® Ins tute's Exam office, the exam               11.    Where entries exceed the capacity at any
        event will be rescheduled at the earliest and details           par cular center it may occasionally be necessary
        will be posted on the myCIMA account.                           for CIMA Ins tute to transfer candidates to another
                                                                        center. In such instances CIMA Ins tute reserve the
     2. In case, there is an error in any of the ques ons in            right to transfer candidates to the nearest
        the exam paper, all examinees will be scored full               alterna ve center.
        for that ques on, a er the Proctor and the exam
        team have analyzed the reported ques on.                  12.    You may use scrap paper during your center-based
                                                                        exam for any notes and calcula ons. Scrap paper
                                                                        will be available on request at your exam center on
D.        Examinee Rules                                                the day.
     1.   Only examinees having CIMA® exam hall cket will
          be authorized entry in the exam hall on the exam      CIMA
Institute
will
not
be
held
responsible
for
travel
expense

          day. This cket is downloaded from the myCIMA          and
lost
wages
on
the
day
of
the
exam.
Please
feel
free
to

          account.                                              contact
us
with
your
questions
at
exam@cima.us.org.

                                                                                                                                  19

Fee
Refund
Policy
The
full
fee
paid
by
an
applicant
minus
USD
250
is
refunded
if
the
withdrawal
application
arrives
within
72

business
hours.
No
refund
application
is
accepted
beyond
72
business
hours.


The
Day
of
the
Exam

•
    For
online
exam,
it
is
suggested
that
you
should
be
exam
ready
at
least

      30
minutes
in
advance
of
the
scheduled
exam-start
time
to
ensure
that

      the
exam
room
and
the
computer
being
used
for
exam
is
thoroughly

      checked,
veri ed
and
approved
for
exam-taking
by
a
designated
CIMA®
-
      authorized
testing
body.

•
    For
o ine,
pen-and-paper
exam,
you
are
required
to
reach
the
exam

      center
at
least
60
minutes
prior
to
the
exam
start
time.
If
you
are
up
to

      an
hour
late
for
the
exam,
you
will
still
be
allowed
to
enter
the
exam

      hall,
although
no
extra
time
will
be
awarded.
However,
the
supervisor
will

      not
allow
you
to
enter
the
hall
if
you
arrive
more
than
an
hour
late.

•
    Bring
valid
ID
proofs/
documents.
•
    Bring
an
approved
calculator.

You
may
be
scanned
by
the
supervisor(s)/

invigilator(s)/
proctor(s)
prior
to
each
entry
into

the
exam
center
to
ensure
you
do
not
have
any

prohibited
electronic
devices.
If
you
decline

to
be
scanned,
the
proctor
will
be

required
to
submit
a
report
to
CIMA

Institute.

                                                                                                               20

Candidate
Conduct
 CIMA
Institute
has
a
‘zero-tolerance’
policy
for
any
misconduct
in
its
exam
ecosystem.
During
examination,
the
test

 manager
(or
proctor)
has
all
rights
to
dismiss
a
candidate
from
the
exam
session.The
following
regulations
apply
to

 candidates
sitting
for
o ine
pen
and
paper-based
exam(s)
as
well
as
for
online
exam(s):

 1.

   You
are
required
to
comply
in
all
respects
with
any
    6.

   You
may
not
engage
in
any
improper
conduct

        instructions
issued
by
the
exam
supervisor(s)/
                designed
to
assist
you
in
your
exam
attempt
or

        invigilator(s),
including
remote
proctor,
and
any
             provide
any
improper
assistance
to
any
other
exam

        CIMA
Institute’s
personnel
before,
during
and
at
the
          entrant
in
their
exam
attempt.
        conclusion
of
an
exam.
If
you
fail
to
comply
with

        such
instructions,
you
may
become
liable
to
            7.

   If
you
are
sitting
for
the
o ine
pen
and
paper-
        disciplinary
actions.                                          based
examinations,
you
are
not
permitted
to

                                                                       remove
either
your
candidate
answer
booklet(s)
or

 2.

   You
may
not
attempt
to
deceive
the
exam
                       your
question
paper
from
the
exam
room.
All

        supervisor(s)/
invigilator(s)/
proctor(s)
and
any
             candidate
answer
booklets
remain
the
property
of

        CIMA
Institute’s
personnel
by
giving
false
or
                 CIMA
Institute.

        misleading
information.
                                                                8.

   If
you
are
taking
the
online
exam
you
are
not

 3.

   You
are
not
permitted
during
the
exam
to
possess,
             permitted
to
copy
exam
content
in
any
manner,
or

        use
or
attempt
to
use
any
notes,
books
or
other
               take
photograph(s)
of
your
screen.
        written
materials
except
those
expressly
permitted

        in
the
guidelines
below.
These
are
known
as
            9.

   If
you
are
taking
the
online
exam,
you
must
not

        ‘prohibited
items’.                                            mess
with
the
allotted
computer
or
relocate
during

                                                                       the
examination
from
allotted
computer/
system.
 4.

   You
are
not
permitted
to
use
an
electronic

        translator
or
device
like
camera,
any
item
with
        10.

 Candidates
must
not
talk
to,
or
attempt
to

        smart
technology
functionality
or
mobile
phones
              communicate
with,
people
other
than
the
exam

        of
any
kind
or
have
on
or
at
your
desk
a
calculator
          supervisor(s)/
invigilator(s)/
proctor(s)
for
the

        (except
for
the
permitted
ones).
These
are
regarded
          duration
of
the
exam.

        as
‘prohibited
items’
and
are
taken
into
the
           11.

 For
all
exams,
candidates
must
not
conduct

        examination
room
at
the
candidate’s
own
risk.
                themselves
in
an
inappropriate
way
(including

        CIMA
Institute
accepts
no
responsibility
for
their
           conducting
themselves
in
vulgar,
o ensive,

        loss
or
damage,
if
applicable.
                               abusive,
or
any
illegal
activity).
 5.

   You
(irrespective
of
if
you
are
a
licensed
weapon

        holder)
are
not
allowed
to
attend
your
exam
with
a

        weapon.
If
you
are
found
to
have
a
weapon
in
your

        possession
you
will
be
excluded
from
the
exam

        without
any
reimbursement.

 Please
be
informed
that
CIMA
Institute
will
take
legal
action
against
anybody
who
violates
copyright
laws
such
as

 reproducing
and
distributing
examination
content
or
materials.
The
data
bank
of
questions,
the
exam
form
and
all

 exam-related
materials
have
copyrights
and
are
the
legal
property
of
CIMA
Institute.Any
communication
‒
be
it
verbal,

 written
or
electronic,
is
strictly
prohibited.
Any
such
act
will
be
punishable
by
law.

 Please
note
that,
if
any
examinee
is
caught
in
any
of
the
above
forms
of
misconduct,
there
will
be
no
evaluation
of
their

 exam
and
no
refund
of
their
fees.
Also,
there
will
be
a
six-month
bar
to
retake
the
exam.
Furthermore,
CIMA
Institute

 shall
review
the
acts
of
misconduct,
which
may
lead
to:

 •
      The
cancelation
of
the
examinee's
prior
or
present
exam
scores

 •
      The
revocation
of
the
examinee's
award

21

Change
of
name
on
the
Certi cate

If
you
want
to
change
your
name
on
the
certi cate,
you
will
need
to
write
to
us
at
support@cima.us.org
and

attach
the
required
supporting
documents.
A
fee
of
USD
50
will
have
to
be
paid
for
the
processing
of
your
request.

You
will
also
have
to
pay
USD
100
for
an
additional
certi cate
with
the
new
name.

Issue
of
a
Duplicate
Certi cate
for
all
Candidates

In
case
you
lose
your
certi cate
and
require
a
duplicate
certi cate
a
service
request
needs
to
be
generated
from

your
myCIMA
dashboard.
An
additional
fee
of
USD
100
will
have
to
be
incurred
by
you.

Audit
Policy

The
submission
of
an
application
indicates
your
agreement
to
comply
with
the
terms
of
the
audit
process.
All

applications
are
subject
to
an
audit,
although
only
a
percentage
of
applications
are
selected
for
audit.
The

selection
of
an
application
for
audit
is
random.
You
may
be
required
to
submit
documents
of
the
required

professional
work
experience
and/or
educational
degrees
o cially.
The
electronic
audit
noti cation
provides

detailed
information
on
how
to
comply
with
the
terms
of
the
audit.

Appeals
Policy

 Appealing
In
Case
of
No-Show
 Emergencies
 Examinees
missing
a
scheduled
exam
because
of
emergencies,
should
directly
contact
us
to
report
the
matter.
The
following

 reasons
for
missing
out
on,
or
not
showing
up
for
a
scheduled
CIMA®
certi cation
Exam
have
been
de ned
as
acceptably

 genuine,
and
deemed
as
justi ed
for
grant
of
Retake
permissions
if
requested:

 
     •
   If
examinees
themselves
or
any
of
their
immediate
family
members
(like
Spouse,
Siblings,
Parents,
Grandparents,

            and
Children)
meet
a
serious
accident,
or
develop
a
sudden
medical
condition
demanding
serious
attention

 
     •
   If
there
is
a
bereavement
in
the
family
(like
Spouse,
Siblings,
Parents,
Grandparents,
and
Children)

 
     •
   If
examinees
are
summoned
by
courts,
or
are
drafted
on
juries,
or
are
required
for
some
urgent
national
duty.

 Examinees
forced
to
miss
out
on
their
scheduled
CIMA®
exam
for
any
of
the
above-mentioned
reasons
are
required
to
contact

 us
and
request
for
a
Retake
by
submitting
a
doctor’s
or
hospital
certi cates
etc.,
as
proofs
of
the
emergency
encountered.
 For
cases/
scenarios
of
no-shows
not
listed
under
our
no-show
policies
or
exhausting
three
free
resit
attempts
(details
below),

 an
additional
USD
50.00
will
be
charged
as
exam-reapplication
fee.
This
reapplication
exam
can
be
scheduled
from
the

 myCIMA
dashboard
after
7
calendar
days
of
the
date
of
missing
the
original
CIMA®
exam
appointment.

 Please
note:
Candidates
registering
in
any
of
the
three
CIMA®
registration
tracks
get
three
attempts
to
clear
each
required

 CIMA®
exam.
The
following
events
will
be
counted
as
a
resit,
and
will
deduct
one
free
resit
attempt:

       •
   A
no-show
on
a
scheduled
exam
date
       •
   Failing
the
scheduled
exam

                                                                                                                                22

CIMA®
Learning

                                    Resources
                                     The
CIMA®
program
package
includes
a
detailed
CIMA®

                                     Exam-Preparation
and
Study
guide
and
mock
exams.

                                     Though
the
CIMA
Institute
does
not
provide
exam

                                     preparation
material,
independent
content
providers

                                     and
authorized
CIMA®
educators
o er
self-study
material

                                     for
CIMA®
exams
on
online
portals.
Candidates
receive

                                     emails
and
updates
on
o ers
from
these
organizations

                                     immediately
after
con rmation
of
their
enrolment
in
the

                                     CIMA®
program.
In
certain
geographies,
CIMA®
study

                                     material
may
be
o ered
at
a
nominal
charge
or
even
free

                                     of
charge
by
professional
groups
engaged
in
promoting

                                     and
establishing
investment
&
management
accounting

                                     as
a
specialized
discipline
and
profession.


                                     Candidate
must
also
check
the
resources
section
on

                                     their
myCIMA
dashboard
for
reports,
white
papers
and

                                     articles
on
contemporary
practices
and
future
trends
in

                                     investment
and
management
accounting
and
areas

                                     related.



                                     For
more
guidance
and
assistance,
registered
CIMA®

                                     program
candidates
can
write
to
care@cima.us.org.

Continuation
of
CIMA® Designation
CIMA®
is
valid
for
life
time
and
the
quali cation
never
expires.
Quali cation
holders

however
require
to
maintain
it
well
by
attending
the
CIMA®
Review
Webinar.
For
the
 rst

5
years
after
the
date
of
award
of
CIMA®
quali cation,
the
holders
need
to
take
no
action

as
the
maintenance
is
covered
under
the
5-year
free
membership
included
in
the
CIMA®

package.
Sixth
year
onward,
however,
holders
require
to
refresh
it
every
year
by

attending
the
CIMA®
Review
Webinar
once
a
year.
The
fee
of
this
is
covered

in
the
CIMA®

annual
membership
fee
of
US$
150.00.
Alternatively,
CIMA®
quali cation
holders
can

obtain
a
lifetime
CIMA®
membership
by
paying
a
one-time
fee
of
USD
650.00.


                                                                                                23

CIMA®
Study
Plan
-
Level
1
Modules
     A
majority
of
CIMA®
candidates
successfully
pass
their
Level
1
CIMA®
exams
on
their

     own
through
well-planned
self-study.
Standard
Route
applicants
can
normally

     complete
their
learning
in
the
10
CIMA®
Level
1
knowledge
areas
within
300
hours
of

     concerted
studies.
Pathway
candidates
can
complete
the
 rst
part
of
their
preparation

     for
the
single
pathway
exam
by
covering
the
six
Level
1
knowledge
areas
in
about
165

     hours
of
dedicated
e ort.

     Level
1
                                                                                              For

                                                                         For
Standard
   Professional
     Investment
&
Management
Accounting
-
Foundational
                     Route

                                                                          Applicants       Pathway

     Principles
&
Concept
Frameworks
                                                                                          Applicants
                                                                          (in
Hours)
                                                                                          (in
Hours)

     CS-11:
Accounting
for
Investment
&
Managerial
Decision-Making
         10
to
15       10
to
15

     CS-12:
Business,
Strategy
&
International
Competitiveness              25
to
30       25
to
30

     CS-13:
Analyzing
Financial
Statements
for
Business
Decisions           25
to
30           -

     CS-14:
Managing
&
Accounting
Risks
in
Business
                        25
to
30       25
to
30

     CS-15:
Cost
Structuring,
Product
Costing
&
Activity
Based
Costing      20
to
25           -

     CS-16:
Investment
Accounting
Framework
&
Concepts                      25
to
30       25
to
30

     CS-17:
Financial
Markets,
Instruments
&
Derivatives                    20
to
25           -

     CS-18:
Techniques
of
Managing
Investment
Portfolios                    25
to
30       25
to
30

     CS-19:
Capital
Investments
and
Capital
Budgeting                       20
to
25           -

     CS-20:
Management
Accounting
&
Enterprise
Performance
Analysis         25
to
30       25
to
30

     ESTIMATED
STUDY
EFFORT
for
Level
1
(in
Hours)                         250
-
300       135
-
165

24

CIMA®
Study
Plan
-
Level
2
Modules
    A
majority
of
CIMA®
Standard
Route
applicants
can
normally
complete
their
learning

    in
the
10
CIMA®
Level
2
knowledge
areas
within
300
hours
and
successfully
pass

    their
Level
2
CIMA®
exams
on
their
own
through
self-planned
e ort.
Pathway

    candidates
can
complete
the
second
part
of
their
preparation
for
the
single

    pathway
exam
by
covering
the
seven
knowledge
areas
of
Level
2
in
about
190
hours

    of
dedicated
e ort.

    Level
2
                                                                                        For

                                                                   For
Standard
   Professional
     Investment
&
Management
Accounting
-
Application
                Route

                                                                    Applicants       Pathway

     Principles
&
Practice
Frameworks
                                                                                    Applicants
                                                                    (in
Hours)
                                                                                    (in
Hours)

    CS-21:
Techniques
of
Pricing
Financial
Assets                     15
to
20       15
to
20

    CS-22:
Techniques
&
Practices
of
Valuing
Businesses               15
to
20       15
to
20

    CS-23:
Practices
in
International
Financial
Reporting
            25
to
30

    CS-24:
Techniques
of
Currency
Risk
Management                     25
to
30       25
to
30

    CS-25:
Accounting
Tax
In
Global
Investments
and
Business          25
to
30           -

    CS-26:
Accounting
Transfer
Pricing
In
Global
Business             25
to
30       25
to
30

    CS-27:
Investment
Accounting
Techniques
&
Practices               25
to
30       25
to
30

    CS-28:
Investment
Audit
Techniques
&
Practices                    25
to
30

    CS-29:
Corporate
Governance
&
Ethics
in
Global
Organizations      25
to
30       25
to
30

    CS-30:
Technology
&
AnaLytics
in
Accounting                       25
to
30       25
to
30

    ESTIMATED
STUDY
EFFORT
for
Level
2
(in
Hours)                    250
-
300       155
-
190

                                                                                                  25

CIMA®
Membership
     The
CIMA®
professional
membership
is
not
open
for
public,
and
is

     exclusively
reserved
for
professionals
who
have
already
earned
their

     CIMA®
quali cation.
     CIMA®
professional
members
get
useful
career
and
networking

     resources
to
improve
their
visibility
within
the
global
community
of

     management
accountants;
broaden
their
knowledge
base;
sharpen

     their
leadership
skills;
drive
their
organization's
performance;
and

     speed
up
their
journey
toward
the
boardroom.
The
membership
card

     gives
pre-paid
access
to
CIMA
institute
networking
events,
and
the

     exclusive
privilege
of
referring
their
friends
and
relatives
for
the
CIMA®

     program
on
a
member
discount
of
10%
on
the
standard
program
fee.
     CIMA®
professional
members
get
the
membership
card
along
with
a

     life-long
access
to
the
CIMA
institute
dashboard.
Key
resources
shared

     with
professional
members
include
information
on
networking

     events,
programs,
webinars
and
seminars
for
senior
professionals
in

     areas
related
to
business,
 nance
and
indeed,
management

     accounting.
To
add,
members
get
periodic
updates
on
training
and

     educational
opportunities,
with
possibilities
of
special
program
fee

     wherever
possible.
     Membership
fee
for
the
 rst
5
years
is
already
included
in
the
CIMA®

     package
for
CIMA®
quali cation
holders.
6th
year
onward,
CIMA®

     quali cation
holders
require
to
pay
a
nominal
fee
of
US$
150.00

     annually
to
renew
their
membership.
Professionals
can
also
choose

     the
one-time
fee
option
and
pay
US$
650.00
for
life-time
membership.
     CIMA®
Student
Membership
is
for
students
of
universities
and

     business
schools
on
the
CIMA®
Ace
network,
and
automatically

     converts
into
CIMA®
professional
membership
once
a
student
has

     successfully
earned
the
CIMA®
quali cation.

Student
members
get
a

     number
of
career-resources
to
help
them
improve
their
employability

     and
visibility
among
employers;
enrich
and
broaden
their
knowledge

     and
skills
in
line
with
global
trends
in
the
investment
&
management

     accounting
profession,
and
equip
themselves
well
for
a
great
start
to

     their
careers.

     CIMA®
Institutional

     Membership
     Institutions
on
the
CIMA®
Institutional
Educator
network
obtain
CIMA®

     institutional
membership
by
default,
those
on
the
CIMA®
Ace,
CIMA®

     Accord
and
networks
are
pre-quali ed,
eligible
for
complimentary

     CIMA®
institutional
membership.

     CIMA®
institutional
member-organizations
get
useful
career
and

     networking
resources
for
their
students
and
members,
besides

     special
fee
o ers
for
the
CIMA®
program
and
in
CIMA®
networking

     events
for
CIMA®
members.
Key
resources
shared
with
institutional

     members
include
information
on
networking
events,
programs,

     webinars
and
seminars
for
senior
professionals
in
areas
related
to

     business,
 nance
and
indeed,
management
accounting.
26

Code
of
Conduct
for

CIMA®
Quali cation
Holders
CIMA®
quali cation
holders
are
expected
to
appreciate
that
investment
&
management
accountants
operate
in

vastly
more
complex
global
environments
marked
by
multiplicity
of
cultures
and
regulatory
laws,
and
the
cost
of

lies,
dishonesty
and
frauds
is
very
high.
Our
values
are
embedded
in
the
four
pillars
of
ethics
and
the
four

principles
of
practice,
and
behavior
that
is
in
breach
of
these
values
is
unacceptable,
and
may
result
in
penal

action
against
erring
CIMA®
quali cation
holders.

 Pillars
of
Ethics
 All
CIMA®
quali cation
holders
are
required
to
conduct
themselves
in
keeping

 with
the
following
four
pillars
of
ethics:

 Honesty
of
Purpose
&
Objective
 CIMA®
quali cation
holders
will
always
operate
in
their
jobs
with
honest
objectives
and
purposes,
keeping

 uppermost
in
their
mind
the
necessity
of
using
and
sharing
truth
in
their
analysis
and
reports.

 Fairness
and
Transparency
of
Intent
 CIMA®
quali cation
holders
will
always
ensure
that
they
will
operate
in
their
jobs
with
intent
that
is
fair
to

 people
and
which
transparently
informs
them
about
the
actions
or
decisions
being
taken
and
the
reasons

 thereof.


 Sincerity
and
Objectivity
in
Analysis
&
Decision
Making
 CIMA®
quali cation
holders
will
always
ensure
that
they
will
be
completely
objective
in
their
analysis
of

 problems,
situations,
books
of
 nance
and
accounts,
and
will
be
sincere
in
their
decision-making,

 avoiding
all
possibilities
of
extraneous
biases.



 Unconditional
Allegiance
to
Dutifulness
 CIMA®
quali cation
holders
will
always
exhibit
the
highest
regard
for
completing
assignments
on
time

 with
focus
on
delivering
results;
adding
value
to
the
process
of
management
decision
making
process;

 and
aiding
managers
with
the
most
accurate
 nancial
information
they
require
to
take
sound
decisions.

27

Principles
of
Practice
During
the
course
of
their
professional
practice
as
investment
&
management
accountants,
CIMA®
quali cation
holders
may

encounter
situations
or
behaviors
(of
colleagues/
seniors/
clients/
vendors/
government
o cials
etc.,)
that
are
either
blatantly

dishonest
and
unacceptable,
or
pose
ethical
dilemmas,
and
make
it
challenging
for
them
to
adhere
to
the
four
pillars
of
ethics.

In
such
situations,
CIMA®
quali cation
holders
must
attempt
to
act
in
consonance
of
the
Principles
of
Practice
that
we
have

laid
down.
These
principles
are
sacrosanct
because
they
help
keep
CIMA®
quali cation
holders
practicing
investment
&

management
accounting
in
their
jobs
or
their
own
business
upright,
without
hurting
themselves
or
other
parties
who
are
on

the
right.

Stay
Latest
on
Knowledge
&
Skills

All
CIMA®
quali cation
holders
will
always
ensure
that
their
knowledge,
understanding
and
insights
about
laws,
regulations,

practices
and
standards
stay
latest,
and
their
skills
of
using
latest
tools
and
techniques
of
investment
&
management

accounting
is
on
point.
Adhering
to
this
principle
will
help
CIMA®
quali cation
holders
take
accurate,
correct,
clear
and

e ective
decisions
and
pre-empt
risks
of
being
abused,
defrauded
and
threatened
by
any
party
or
individual.


Stick
to
Honesty
&
Integrity
All
CIMA®
quali cation
holders
will
operate
in
their
profession
with
utmost
honesty,
avoiding
all
temptations
or
acts
or

decisions
that
may
give
rise
to
con icts
of
interest,
or
present
a
perception
of
abuse
of
one's
power
or
designation
or
position.

CIMA®
quali cation
holders
will
also
operate
their
actions
and
decisions
without
bias,
prejudice
or
discrimination
against
a

person,
group,
community
or
organization(s).
Adherence
to
this
principle
helps
ensure
that
CIMA®
quali cation
holders

become
examples
for
others
and
create
an
atmosphere
of
trust
and
fairness
among
stakeholders.

Maintain
Diligence
&
Con dentiality
All
CIMA®
quali cation
holders
will
work
diligently,
conscientiously
and
maintain
con dentiality
with
intent
to
avoid
creation

of
opportunities
and
situations
of
confusion,
abuse
and
unfair
advantage
for
the
bene t
of
all
parties
involved.
They
will

exercise
informed
and
ethical
judgement
about
when
and
who
to
disclose
con dential
information,
and
refrain
from
abusing

con dential
Information
for
unfair,
unjust
and
illegal
personal
bene t.
Adherence
to
this
principle
helps
CIMA®
quali cation

holders
become
examples
for
others
and
also
ensure
that
people
and
parties
dealing
with
them
treat
them
with
respect
and

unmanipulable,
besides
inspiring
a
feeling
of
trust
and
fairness
among
them.

Build
Trust
&
Credibility
All
CIMA®
quali cation
holders
will
always
ensure
that
their
communication
with
internal
or
external
stakeholders
will
be

courteous,
polite,
frank,
objective,
empathetic
and
fair,
and
that
they
will
always
share
all
information,
data,
facts
about

challenges,
problems
results,
successes
and
failures
in
an
objective
manner,
without
understating
or
exaggeration.
Adhering

to
this
principle
with
help
CIMA®
quali cation
holders
build
their
credibility
as
professionals
who
are
fair,
just
and
mindful
of

the
needs
of
their
stakeholders
and
are
serious
about
helping
them
in
their
work
or
in
resolving
their
problems
in
a
fair

manner.


Act
with
Tact
&
Courage
All
CIMA®
quali cation
holders
will
always
ensure
even
as
they
conduct
themselves
honestly,
fairly,
objectively,
empathetically

and
with
good
intent,
they
also
constantly
protect
themselves
from
harm
or
threats
to
their
physical,
professional
and
social

wellbeing
at
all
times,
by
being
circumspect;
cautious;
resourceful,
alert
and
courageous
in
the
face
of
challenges.
CIMA®

quali cation
holders
must
have
con dence
in
the
strength
of
their
goodness
and
honesty
and
avoid
impulsive
actions
or

reactions
in
tough
situations,
and
deploy
tact,
intelligence
and
promptness
in
seeking
all
available
assistance.

                                                                                                                                     28