{"id":3277,"date":"2023-12-19T21:03:25","date_gmt":"2023-12-19T15:33:25","guid":{"rendered":"https:\/\/www.thewallstreetschool.com\/blog\/?p=3277"},"modified":"2023-12-19T21:03:25","modified_gmt":"2023-12-19T15:33:25","slug":"exemptions-in-cima-examination","status":"publish","type":"post","link":"https:\/\/www.thewallstreetschool.com\/stg-new\/exemptions-in-cima-examination\/","title":{"rendered":"Exemptions in CIMA Examination"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Chartered Institute of Management Accountants (CIMA) is the UK-based global body offering CIMA Professional Qualification to Management Accountants. The CIMA Professional Qualification is now titled the Chartered Global Management Accountant (CGMA) Professional Qualification.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The CGMA designation is awarded to CIMA members on completing the professional qualification. Although there has been a change in the name of the designation, the CIMA membership, syllabus and the reputation of the designation remain unchanged. The CGMA designation is synonymous with the CIMA qualification.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Management and accounting professionals looking to register for CIMA must check <\/span><span style=\"font-weight: 400;\">CIMA exemptions<\/span><span style=\"font-weight: 400;\">. There are multiple gateways to achieving the qualification. Candidates with previous accounting, financial and management studies and certifications might be eligible for <\/span><span style=\"font-weight: 400;\">CIMA course exemptions<\/span><span style=\"font-weight: 400;\">. This helps in acquiring the CGMA membership early.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read on to learn more about CIMA exemption rules.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Understanding <\/span><span style=\"font-weight: 400;\">CIMA Course Exemptions<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Aspiring CIMA professionals might already have some qualifications and certifications in accounting, finance and management. Such candidates might be eligible for some <\/span><span style=\"font-weight: 400;\">CIMA exemptions<\/span><span style=\"font-weight: 400;\">. This means these candidates will not need to take some CIMA examinations, saving their precious effort, time and money.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">Exemptions from CIMA Certificate Exams<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can get exemptions from the four CIMA Certificate Exams if you have a Bachelor\u2019s degree in these subjects.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Economics<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commerce<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finance\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business General<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business Administration\/Studies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This means you will be exempted from four exams. You will begin CIMA from the operational level and write only 12 papers out of the 16.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">Exemptions via the Master\u2019s Gateway<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you have completed a postgraduate degree like an MBA (Master of Business Administration) or a Master\u2019s in Accounting, you will get special <\/span><span style=\"font-weight: 400;\">CIMA exemptions<\/span><span style=\"font-weight: 400;\"> via the Master\u2019s Gateway. You can move on to Strategic Level exams after a post-graduate degree.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If a candidate is eligible for CIMA exemption to enter the Gateway, choose the \u2018gateway option\u2019 while registering as a CIMA student. You will have to furnish proper evidence of the qualifications that you possess. With the Master\u2019s Gateway route, candidates will not need to sit for 11 exams.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">Exemptions via AAT Exams<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you have appeared for the AAT exams, you might be eligible for a CIMA exemption. Candidates with an AAT Level 2 or 3 Diploma might be exempted from taking some CIMA certificate-level exams, depending on the modules.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You will be exempted from BA2 with modules Unit 8, Performance and Enhancement of Value or Unit 9, Cash Management and Credit Control. You will not need to take any CIMA Certificate exams if you have an AAT Level 4 Diploma or Technician.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">CFO Exemption<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Senior management professionals like the CEO or CFO with 10 years or more of experience in finance and business can apply directly to take the strategic case study examination. This exemption is categorised under CIMA\u2019s CFO Program.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Candidates have to apply and send their CVs to <\/span><a href=\"mailto:BDC@aicpa-CIMA.com\"><span style=\"font-weight: 400;\">BDC@aicpa-CIMA.com<\/span><\/a><span style=\"font-weight: 400;\">. Candidates are notified if they have been accepted into the program. Candidates must pay a fee and attend a workshop if the CV is accepted.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">CIMA Exemptions for ACCA<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Candidates who have passed all the 14 ACCA exam papers will get a host of <\/span><span style=\"font-weight: 400;\">CIMA exemptions<\/span><span style=\"font-weight: 400;\">. Some of them are as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exemptions from 4 certificate-level exams<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exemptions from 3 management-level exams<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exemptions from 3 operational-level exams and case study<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">CMA Exemption Rules<\/span><span style=\"font-weight: 400;\"> for the CIMA Program<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It is interesting to note that there are different <\/span><span style=\"font-weight: 400;\">CIMA exemptions for CMA<\/span><span style=\"font-weight: 400;\"> (CMA exemptions vary from one country to another). We will discuss CMA (India) and CMA (USA) exemptions here for CIMA.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h4><span style=\"font-weight: 400;\">CIMA exemptions for CMA USA<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Qualified CMA (USA) professionals will have <\/span><span style=\"font-weight: 400;\">CIMA exemptions <\/span><span style=\"font-weight: 400;\">for 6 papers.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h4><span style=\"font-weight: 400;\">CIMA exemptions<\/span><span style=\"font-weight: 400;\"> for CMA (India)<\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The Institute of Cost Accountants of India (ICMAI) and CIMA signed an MoU, allowing mutual advanced entry for both ICMAI and CIMA members from March 2015.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Esteemed members of ICMAI will get an exclusive pathway route by CIMA. They will get exemptions for 16 CIMA examinations &#8211; 5 exemptions in the CIMA Certificate in Business Accounting and 11 exemptions in Professional Qualification.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ICMAI member will directly reach the strategic case study exam and need to take this only exam to accomplish the professional qualification. Upon passing this stage successfully, proven ICMAI members must present three years of relevant experience to obtain the prestigious CIMA membership and claim the title of Chartered Global Management Accountant (CGMA).\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Conclusion<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">This blog explores <\/span><span style=\"font-weight: 400;\">CIMA course exemptions<\/span><span style=\"font-weight: 400;\"> in full detail. Check the<\/span><a href=\"https:\/\/www.aicpa-cima.com\/exemption-calculator\/professional\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"> CIMA Exemption Calculator<\/span><\/a><span style=\"font-weight: 400;\"> and check if you are eligible for exemptions along with the exemption policy. If you meet the eligibility criteria, apply for the <\/span><span style=\"font-weight: 400;\">CIMA exemptions<\/span><span style=\"font-weight: 400;\"> by registering as a CGMA candidate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Candidates pursuing CIMA can enrol in The WallSteet School\u2019s <\/span><a href=\"https:\/\/www.thewallstreetschool.com\/cima-coaching-program\/\"><span style=\"font-weight: 400;\">Classroom Bootcamp CIMA Prep Program<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/www.thewallstreetschool.com\/cima-online-course\/\"><span style=\"font-weight: 400;\">Online CIMA Prep Program<\/span><\/a><span style=\"font-weight: 400;\">. With exhaustive prep materials and 100% placement assistance, the courses prepare thoroughly for CIMA &#8211; combining the best of Management and Accounting.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sign up today!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Contact us via <\/span><a href=\"http:\/\/info@thewallstreetschool.com\"><span style=\"font-weight: 400;\">email<\/span><\/a><span style=\"font-weight: 400;\"> or phone (<\/span><a href=\"tel:+91-9953729651;\"><span style=\"font-weight: 400;\">+91-9953729651<\/span><\/a><span style=\"font-weight: 400;\">) for more detailed information.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">FAQs<\/span><b><\/b><\/h2>\n<ul>\n<li aria-level=\"1\"><b>I have an MBA degree. Can I pursue CIMA?<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can pursue CIMA after your MBA degree via the accelerated Master\u2019s Gateway route. With the MBA degree, you can move straight to the strategic level examinations in CIMA.\u00a0<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>What are CIMA\u2019s CGMA exam pass rates in August 2023?<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">CIMA\u2019s CGMA exam pass rate in August 2023 for Operational Levels is 69%, Management Levels is 58%, and Strategic Levels is 48%.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Are there any exemption fees for <\/b><b>CIMA exemptions<\/b><b>?<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">No, there are no charges for exemption fees. However, exam fees depend on a tiered structure.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Candidates pursuing CIMA must learn about CIMA course exemptions. Achieve CIMA membership faster with relevant CIMA exemptions.\u00a0<\/p>\n","protected":false},"author":38,"featured_media":3278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[693],"tags":[],"class_list":["post-3277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cima"],"_links":{"self":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/3277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/comments?post=3277"}],"version-history":[{"count":0,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/3277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media\/3278"}],"wp:attachment":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media?parent=3277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/categories?post=3277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/tags?post=3277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}