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The second annual global salary survey of CIMA students was carried out in February 2010. In India, the results of the survey were:
  • The average basic annual salary is Rs.8.1 lakhs.
  • The average annual bonus received is Rs.0.7 lakhs and
  • 82% of Indian graduates or students anticipate receiving a bonus in 2010

Studying for a CIMA qualification is one of the most rewarding studies you can do. CIMA graduates are valued the world over. In the survey, those students considering working overseas are most likely to consider the UK (84%) or the USA (56%), and to a lesser extent, the UAE (27%).

Certificate in Business Accounting
  • Fundamentals of Management Accounting
  • Fundamentals of Financial Accounting
  • Fundamentals of Business Mathematics
  • Fundamentals of Business Economics
  • Fundamentals of Ethics, Corporate Governance and Business Law

Operational Level of the Professional Certificate
  • Enterprise Operations
  • Performance Operations
  • Financial Operations

Management Level of the Professional Certificate
  • Enterprise Management
  • Performance Management
  • Financial Management

Strategic Level of the Professional Certificate
  • Enterprise Strategy
  • Performance Strategy
  • Financial Strategy


Fundamentals of Management Accounting
This unit introduces candidates to core management accounting topics such as cost determination, breakeven analysis, standard costing, cost and accounting systems and financial planning and control.

Fundamentals of Financial Accounting
Candidates will study conceptual and regulatory frameworks, accounting systems and control, and preparing accounting statements for single entites. They will be required to be aware of the format and content of published accounts but are not required to prepare them. No knowledge of any specific accounting treatment contained in the international financial reporting standards (IFRSs), including the international accounting standards (IASs), is necessary, except in terms of how they influence the presentation of financial statements. IAS 1 and IAS 7 formats will form the basis of those statements.

Fundamentals of Business Mathematics
This unit introduces students to basic mathematics, probability, summarising and analysing data, variables, forecasting, financial mathematics and spreadsheets.

Fundamentals of Business Economics
The Fundamentals of Business Economics covers the goals and decisions of organisations, the market system and the competitive process, the financial system and the macroeconomic context of business.

Fundamentals of Ethics, Corporate Governance and Business Law
This unit covers ethics and business, ethical conflict, corporate governance, comparison of English law with alternative legal systems, the law of contract, the law of employment, and company administration and finance.

Enterprise Operations
This unit addresses several functional areas of business, and introduces candidates to the economic, social and political contexts of international business. Learning requirements for the sections dealing with information systems, operations, marketing and managing human capital will alert students to major developments, and tools and techniques.

Performance Operations
Performance operations deals with the tools and techniques that generate information needed to evaluate and control present and projected performance. Both budgeting and project appraisal emphasise the critical importance of optimising cash flow. The final section of the paper continues this theme from the perspective of managing working capital.

Financial Operations
This paper's core objectives are the preparation of full financial statements for a single company and the principal consolidated financial statements for a simple group. Coverage of a wide range of international standards is implicit in these objectives. The understanding the regulatory and ethical context of financial reporting is vital.

Enterprise Management
Building on important concepts in strategic management, Enterprise Management develops tools and techniques for identifying key types of competitive environments. Project management skills and tools are also addressed. It also introduces the skills and tools needed to work with, manage and develop teams. This includes both the legal aspects of managing individuals, as well as the softer elements of negotiation and leadership skills.

Performance Management
The main focus of Enterprise Management is the application of information in the management processes of decision making and control to optimise performance. The first two sections deal with the key contributors to operational performance: revenue and costs. The role of control in monitoring and improving performance comes to the fore in the final two sections, which deal with principles and practices in the use of responsibility centres and budgeting.

Financial Management
Financial Management extends to more advanced topics in financial accounting (preparation of full consolidated financial statements and issues of principle in accounting standards dealing with more complex areas) and to developments in external reporting. With the advanced level of financial accounting and reporting in this paper, the analysis and interpretation of accounts becomes more meaningful.

Enterprise Strategy
Enterprise Strategy continues the integration of skills across functions, but concentrates on developing the knowledge and skills used in designing and implementing strategy. Strategy is developed in a context. Understanding how an organisation's external environment and stakeholders affect strategy development is important. This paper requires application of tools to assist in the evaluation of the performance implications of a given strategy

Performance Strategy
Management strategies covered extend to financial instruments, and more general strategies of risk identification and management. With the growing importance of new sources of risk, the paper pays particular attention to risks arising from governance, ethical and social/environmental issues.

Financial Strategy
This unit deals with key elements in designing and managing the organisation's financial strategy - in the context of contributing to achieving the organisation's objectives and within its external constraints. The features and implications of the full range of major financing instruments are covered. A broad range of types of investment decision is also covered. It is recognised throughout that such decisions need to take account of broader strategic issues as well the financial analysis.

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