If you are willing to start a career in accounting and management? The CIMA is the ideal way to launch your career in that case. However, your enthusiasm and commitment to the accounting course can aid in your entry into the finance and management industries. Further, you might not be aware of the Indian universities that provide CIMA. However, it is the best platform to build your career as it will add various Benefits of Doing Dual Specialization from CIMA Institute.
|
Table of content: |
What do you mean by CIMA?
CIMA formerly known as Chartered Institute of Management Accountants is a designation in management accounting. This course’s key areas of emphasis will be cost, financial accounting, and strategic business abilities. It is a global credential that is recognized in even more than 176 nations. You are able to concentrate on organizational management, financial management, and company strategy.
Your CIMA certification can help you discover possibilities in many industries and continents. In the fields of management and accounting, it is one of the most frequently accepted professions. CIMA provides information and insight into various management-related fields. Additionally, it assists you in gaining knowledge of the market’s current trends, which can help you develop or advance your skills and professional life.
What are the various kinds of CIMA qualifications?
There are three kinds of CIMA qualifications:
- CIMA Degree in Business Accounting (entry-level)
- Professional Qualification in CIMA (advanced)
- CIMA Higher Level Higher Apprenticeship in Management Accounting
Various Benefits of Doing Dual Specialization from CIMA Institute
- Significant growth in professional employability globally: The finest dual top-level concentration for practicing and aspiring accounting and financial management professionals, and also for business, finance, and accounting students, is investment and management accounting. Perhaps one of the most significant credentials in investment & management accounting is the CIMA certificate. It improves the prospects for their careers by requiring students and trainees to complete the CIMA program while pursuing their master’s degree or preparing for other accounting certifications.
- Innumerable possibilities for trainees in accounting and finance: Accounting and finance training and coaching organizations have the chance to formally offer CIMA to candidates for their training and exam-prep programs for other accounting and finance certifications as official CIMA.
Professional Educators, Aspiring accounting and finance professionals enrolled in training programs for chartered accountancy, company secretaryship, cost accountancy, financial analytics, and public accounting can reduce risks and strengthen their career preparation and planning by earning a career-oriented super dual specialization certification in investment & management accounting, such as CIMA.
- A secure job with high advantages for accord: An individual has several opportunities to find employment and an increase in job security when they are talented in more than one area. In addition to providing more secured employment against the expanding worldwide job cuts, this will also boost performance at work.
While professional bodies and associations that are listed on the CIMA accord list have the exclusive opportunity to refer and endorse businesses that can become CIMA educators, their members also have access to the CIMA management accounting qualification program for a discounted price and exam exemptions in a few select standard CIMA modules through the Professional Pathway program.
The CIMA program is available to individual members of professional bodies included in the CIMA accord list at a discounted rate. However, the CIMA Professional Pathway track is available to members of these bodies who possess certifications or skills and experience in budgeting or finance from national/regional standard-setting organizations in accounting or related streams.
- Power of dual specialization: The power of dual specialization in investment accounting and management accounting is provided by CIMA accounting and finance qualifications. A person with expertise in tracking, analyzing and accounting the performance of investments made by organizations in a complex web of numerous national markets, regulatory environments, and tax regimes are placed in a rarefied league with those with the management accounting specialization, which boosts directly effecting growth, profits, and competitiveness of businesses.
- Global expansion and networking: Growing market trends are always regarded as the primary requirement for the career-choosing procedure. Due to the numerous opportunities, it is wise to select a dual concentration in accounting and financial management. An individual can take advantage of market trends with various abilities rather than being a victim of them. However, the CIMA dual specialization provides the ideal framework for expanding a person’s professional network. Meanwhile, it guarantees that they will be a superb leader, entrepreneur, and team player.
- Entrepreneurial edge and a wide range of professional options: The decision to pursue a dual specialization in management accounting opens up more potential job paths. Many people have the in-demand abilities that are equipped with the present industry, giving them an advantage over rivals. They acquire a wide range of subject-specific knowledge and the associated skills. Every person has access to a variety of specialties through the management accounting certification specialization. further, which teaches them how to address pressing issues while taking into account the difficulties a business faces.
Summing up
Professionals seeking employment in multinational organizations, investment banking, brokerage firms, mutual funds, etc. as well as numerous corporate entities may consider getting their CIMA degree. However, it will add more Benefits to Doing Dual Specialization at CIMA Institute.
