CIMA and CIPFA Offer New CGMA Entry Route | Latest News

The Public Accountants Institute of the Portfolio (CIMA) and the Institute of Public Finance and Accounting (CIPFA) announced the launch of its new "CPFA at CGMA Top Up through the CIPFA Gateway."

This quick route allows skilled members of the CIPFA to improve their qualifications and obtain the full composition of the CIMA and the recognized worldwide designation of the Chartered Global Management Accountant (CGMA).

The new route is open to both the British and international members of the CIPFA.

Members of the CIPFA can benefit from up to 14 exceptions from the new CIMA Gateway route. After passing the Gateway exam (also known as the administration case exam), you can proceed to the study of strategic case studies, which avoids the three strategic objective tests.

In addition, they have access to a wide range of benefits for students and support for the study of the online student community of CIMA, CIMA connect.

"CIMA is excited about the growing cooperation with the CIPFA," said Andrew Harding, CEO of CIMA.

"This is an important step to strengthen our partnership with one of the most respected public sector professionals. Our CGMA designation is recognized globally as the designation of management accounts."

Rob Whiteman, Chief Executive Officer of the CIPFA, said: "This historic offer offers CIPFA members a great opportunity to build their accounting accounting skills.

"With the reconfiguration of public services, our members work more and more in public and corporate environments, and we need several specialized skills that surpass sectors.

"The new route is committed to supporting it by increasing capacity, thus maximizing the value of the employer for staff who want to expand their continued professional development."

What is CIMA?

The Chartered Institute of Management Accountants (CIMA) is a United Kingdom- based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business; together with ongoing support for members.

E2 practice exam

About the E2 practice exam

This is your opportunity to get hands-on experience of our new 2015 computer-based assessment.
Take the practice exam
More information about the exam:

• It illustrates the key features of the exam.
• It demonstrates the format of the questions and how to create a response.

How to access the practice exams:

• The tests are hosted on the Pearson VUE website, which asks for minimal registration details. The process will take a few minutes to complete. 
• You will only need to create an account once. You won't have to repeat the process for any later visits to the practice exams.
• Your personal details will not be used for third-party commercial purposes.
• From the registration page, a short navigation on Pearson VUE’s site will bring you to the start of the exam. 
• The practice tests are free to use as many times as you wish.

Former HP FD Madden take CIMA presidency

Former HP FD Madden take CIMA presidency:

 CIMA Myriam Madden elected president next year, after an annual general meeting earlier this month.
Having worked as vice president during the term of Keith Luck, Madden has experience in global

governance roles in the organization, including the president of the world eight years Member Service Committee and member of the Board of Audit and Risk Committee .With a specialization in finance and business transformation in the public sector, financial services and internationally in major global companies, Madden became president in an important moment for the CIMA.The organization joined with the American Institute of Certified Public Accountants (AICPA) and plans to establish the World Chartered Management Accountant (CGMA) as a quality standard worldwide for accounting, and continued promotion of management accounting the company.In her new position, she said: "CIMA has a valuable asset in its global community of students and members - one of my ambitions is to be confident advocates galvanized by CIMA and the profession of management accounting."He added: "The strategic initiatives of the CIMA will be more effective if the ideas of enthusiasm, energy and several of our members and students to reflect."Madden directed change programs and financial functions within a wide range of companies, such as Hewlett Packard, Arts Council of Scotland and the NHS. She became president of CIMA 82.

Free E2 Project And Relationship Management Training Exam Questions

Question No 7:

A company has three divisions, each of which is an investment centre. The divisional managers' performance is assessed using return on investment (ROI). A higher ROI will result in a higher bonus for the divisional manager. The company's cost of capital is 15%.
For the forthcoming year each divisional manager has one investment opportunity available as follows:
The manager(s) of which division(s) will proceed with their respective investment opportunity?

A. Division 2 and Division 3
B. Division 1 and Division 3
C. Division 1 only
D. Division 3 only

Answer: A

Exam Success: Is it down to luck or hard work?

It's a fact of life that some people seem to have been born lucky. If they are running late, for example, their train or bus is magically running late too. They are never without an umbrella on the day it rains out of the blue or they always have just the right pair of sunglasses in their bag when the sun is shining bright.
Another example of luckiness is when people pass their exams with flying colours...or is it?
A lot of students will come out of the exam and say that the final result is down to luck. If they pass with flying colours, it is because they had a lucky charm on their exam desk. If they don't do so well, their reason for failing is attributed to a simple lack of luck.

But is this really the case? It's unlikely to be! As the famous quote goes, 'the best luck of all is the luck you make for yourself.' This is especially true for the Case Study exams, a time when the pressure is on and you show all of the knowledge that has been stored in your brain for the last couple of months.
Here are a few tips to ensure that you do well in the exam, without relying on your lucky charm:

1). Practise, practise and then practise some more. A lot of knowledge can be learned through regular repetition. If you are reading the study text, practising with the mocks and studying the pre-seen materials on a regular basis, your brain will soak up the information like a sponge in water. Try and set aside some time for daily revision if you can. Not only will it help to have a set time for revision, but it will also structure your time and allow you to do other things during the day.

2). Learn your strengths and weaknesses. Do you find Ethics a breeze, but struggle with your industry knowledge? Pin point the key areas that you need to improve on and work on these a little more than areas you find easier. Don't just focus on one aspect though, because you could find that you are only revising a tiny part. Think of your revision as like a quilt or a scarf. If you stitched some threads together, it would not end up being the complete product. Likewise, if you only study one theory, you will not be preparing for the full exam.

3). Be resilient. Even if you are finding the revision hard going, please don't give up. It's hard now but it will be worth it in the end! Just think of the future when all of your hard work pays off. Good things don't always come easily, but they are always worth working hard for.

4). Have the right materials. This is where we are here to help. Astranti is made up of a team who have years of experience in accountancy and finance. Using our knowledge, we have developed materials that are specifically designed to help you achieve big things.
Preparation is a lot more useful than pure luck, and here at Astranti we believe in providing the best materials.

Free Cima E2 Exam Question - Dumps4download

Question No 6:

A company has a number of Strategic Business Units (SBUs), one of which operates in a market that is experiencing high growth. The SBU has only been in operation for a short while and therefore its market share relative to its competitors is small. Which of the following is the most appropriate term for the SBU according to the Boston Consulting Group model?

A. Dog
B. Star
C. Cash Cow
D. Question Mark

Answer: D

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