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August 1, 2019

Chartered Institute of Management Accountants removes exemption fees

The Chartered Institute of Management Accountants (CIMA) is ending the practice of charging exemption fees for new students, who hold a relevant degree or qualification. This is a first amongst professional bodies in the accounting sector in the UK. Effective 1 August 2019, the change will apply to all new exemption applications made by students registered to study for the CIMA Certificate in Business Accounting and the CIMA Professional Qualification.

Backed by the Association of International Certified Professional Accountants, the unified voice of the CIMA and AICPA, the CIMA Professional Qualification was updated in January 2019, it now also includes trending and future-focused topics such as digital strategy, blockchain and artificial intelligence.

There are currently over 117,000 students across 156 countries progressing towards completing their CIMA Professional Qualification and earning the Chartered Global Management Accountant (CGMA) designation.

Andrew Harding FCMA, CGMA, Chief Executive – Management Accounting said: “CIMA students come from many different backgrounds and countries with a variety of educational experiences and qualifications, and the Institute believes that students should not be put at a disadvantage for undertaking prior learning in the accounting field. By removing a significant barrier to entry into CIMA qualifications, we want to offer the opportunity to build a successful and sustainable career to as many individuals as possible and help create a diverse, dynamic and future-ready workforce.

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