CIMA BA2 Notes: A1d. Global Management Accounting Principles | aCOWtancy Textbook (2024)

FAQs

How long does it take to study for CIMA ba2? ›

Professional Qualification. This is the core part of the CIMA qualification, and the time it takes to complete it depends on various factors. On average, each level might take around 6 to 12 months of study, but this can vary. Some students may take a bit longer due to work commitments or other factors.

To this end, in this study, we used four principles of relevance, influence, value, and trust as the global management accounting principles.

CIMA is the world's leading professional body of Management Accountants. Management Accountants analyze financial information from a management perspective (as opposed to a compliance perspective e.g. in audit etc) to improve business performance. In that sense, it is a business management function.

According to CIMA, strategic management accounting is defined as “a form of management accounting where emphasis is placed on information which relates to factors external to the entity, as well as non-financial information and internally generated information.”

If you're totally new to accounting, you'll probably find CIMA BA2 the toughest. This is because CIMA BA2 introduces topics such as costing and profit reconciliation, which can be difficult to get your head around if you've never studied accounting before. CIMA BA1 is a bit of a mix of calculations and theory!

Which CIMA exam is the hardest? It's clear that P2 is the toughest CIMA exam, with 60% of CIMA students not making it through. With its complex material and intensive study process, P2 is definitely the most challenging exam to pass.

Measured by revenue, the Big Four global accounting firms include Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG). The companies provide auditing services, tax, strategy and management consulting, valuation, market research, assurance, and legal advisory services.

The pillars of managerial accounting are planning, decision-making, and controlling. In addition, forecasting and performance tracking are key components. Through this focus, managerial accountants provide information that aims to help companies and departments in these key areas.

Global account is the account which has globally standardized or compatible products or services at various locations internationally. Global Account Management (GAM) makes Global account managers with their teams to navigate both the internal and external challenges.

Focus and Career Opportunities:

- CPA is tailored for accounting professionals, enabling careers in auditing, taxation, and financial advisory. - ACCA and CIMA offer a broader skill set, making them suitable for finance and management roles across various industries.

Is CIMA recognised in the USA? ›

It is a recognised qualification in its own right which is valued by employers. Our Professional Qualification (Self-tailored learning pathway) is regarded highly by employers around the world for its relevance to business.

CIMA members can join CPA Australia, subject to completing the CPA Australia Better Practice in Governance and Accountability course.

The completed CIMA qualification and CGMA designation is, in effect, equivalent to a Master's degree in accounting or a level 7, according to the Framework for Higher Education Qualifications and the National Academic Recognition Information Centre (NARIC).

Is CIMA and CGMA same? CIMA and CGMA are two completely different accounting qualifications. The designation of Chartered Global Management Accountant or CGMA was created as strategic partnership between American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA).

Strategic level

CIMA-qualified students receive CIMA membership with the leading professional body for accounting in the United Kingdom. This level will take between 12 and 18 months to complete.

The CIMA course consists of 4 levels, with a total of 9 exams called Objective Tests and 3 case studies. Most students can complete CIMA within 4-5 years.

E2 is a challenging paper but with the right preparation it's one which you should have confidence going into feeling as if you will pass. Take your time in the exam and make sure you get the easy marks available - this is what will get you a pass mark. Don't be put off by the lack of 'maths' type questions.

The duration of the 12 objective tests that are done online in CIMA is 90 minutes per test. On the other hand, case study exams are 3 hours long and are also done online. All the objective tests can be taken on demand but case study exams occur in four windows every year.