CIMA qualifies for IMC alliance
CIMA, the Chartered Institute of Management Accountants has teamed up with the Institute of Management Consultants (IMC) to enable its members to take the rapid entry route to qualifying as IMC Associates or Certified Management Consultants.
“Some of CIMA’s people are fully fledged consultants but have a specialism in management accounting. We have said to CIMA it would appear that what your members do makes them qualify as management consultants, so we think that your members might be eligible for either an Associate, or Certified Management Consultant’s qualification, ” said Kate Hook, executive director of the Institute of Management Consultants.
She added: “We hope that we will develop similar relationships with other institutes to benefit their members, who are acting as management consultants.”
The arrangement gives CIMA members a number of exemptions from the IMC’s qualification requirements because the institutes’ criteria are similar.
Like the IMC, CIMA expects its members to continue their professional development on a yearly basis. Its members have to prove management ability and specialist knowledge in management accounting to remain members of CIMA.
“This is actually two-thirds of what the IMC would test its members for.
So we are going to accept the CIMA criteria, and what we will do is test their members on the consultancy skills,” said Hook.
CIMA members put forward to qualify as CMCs or IMC associates will be given a discount on the assessment and interview fees. Tests will be held at CIMA’s offices.
The numbers you crunch tell a story. Your expertis...
26yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe shift to cloud-based accounting marks a significant transformation, enhancing efficiency, collaboration, and data security, and setting new standa...
View articleOn February 28, Xero became the latest accounting technology provider to launch a new AI assistant. ‘Just Ask Xero’ or JAX was announced a...
View articleThe collaboration between OCR and AI in automating the AP workflow marks a significant stride towards operational excellence. Read More...
View articleThomson Reuters has successfully acquired Pagero, a Swedish e-invoicing and tax solutions company, for approximately $800 million. The content and tec...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleWith so many accounting software options on the market today, from QuickBooks to FreshBooks to Xero, it can be overwhelming for small business owners ...
View articleThe Horizon scandal has shed light on the crucial role of ethical practices in the accounting technology industry, and underscored the need for transp...
View articleAccountants in industry must upgrade wisely to help their businesses evolve, according to Nick Longden of AccountsIQ Read More...
View article