CIMA: driving business success Myriam Madden, CIMA president Australia, November 2015
CIMA celebrates with our 100,000th member:
CIMA Australasia highlights: • Significant upturn in ‘loca’l growth • Lowest lapsing rate in the world • About to reach 5,000 strong CIMA population • New CIMA Centre of Excellence • Member Lounge launched
The Helicon - CIMA’s new corporate centre: Our aim is to place CIMA at the heart of business and educational life in the world’s most influential cities.
CIMA+AICPA: joining forces
CIMA+AICPA = more value from CGMA
CIMA+AICPA = stronger together ‘Being the most relevant organisation in the management accounting space’ • To ensure management accounting is seen as a critical driver of long term business success • For the CGMA Global Management Accounting Principles to be prevalent in successful private and public sector organisations • To foster a growing professional CGMA community committed to lifelong learning underpinned by market based research • To develop a best in class research based organisation: business model, infrastructure, people and resources for CIMA and the joint venture
GMAPs: four core principles
Principle 1: influence When the right people have the right information at the right time, they are better placed to take decisions that will drive long-term value generation.
Principle 2: relevance Management accounting scans the best available resources for information that is relevant to the decision that needs to be taken, the person making the decision and the decision style or process being used.
Principle 3: value Management accounting provides a thorough understanding of the organisation’s strategic aims, stakeholder needs and agreed targets - ensuring that actions are prioritised by value rather than cost.
Principle 4: trust People who consistently adhere to good values and best practice become trusted guardians of an organisation’s value.
The view of Unilever CEO Paul Polman: KEEP CALM AND ‘CARRY ON AS UNUSUAL’
The CIMA story through IR….. We began incorporating IR into our annual reviews in 2012. IR has: • enhanced transparency and accountability • helped to manage the organisation in a more integrated way • enable us to create a more defined picture of our business model CIMA 2014 annual report
2015 syllabus and examination structure: New developments: Computer-based examinations Exam structure designed to assimilate the workplace Case study exam and award at the end of each level On-demand exams at purpose-built centres
Pearson VUE exam centres used by CIMA students in 2015
CGMA Competency Framework:
Competency and Learning website:
Further reading: The Ready for Business, bridging the employability gap report can be found on the CIMA website, in the ‘Thought Leadership’ section. The Competency and Learning website can be found at: https://competency.cgma.org Global Management Accounting Principles: www.cimaglobal.com/principles Thank you!
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