Practical Experience

 Practical Experience

 

You must gain at least three years' relevant practical experience before you can achieve your Chartered Management Accountant (ACMA) status. Your practical experience must cover three areas: Basic, Core and Supplementary and they are as under: Area 1 Basic Experience 1a Preparing and Maintaining Accounting Records 1b Statutory and Regulatory Reporting 1c IT Desktop Skills 1d Systems and Procedure Development Area 2 Core Experience 2a Preparation of Management Accounts 2b Planning, Budgeting and Forecasting 2c Management Reporting for Decision-Making 2d Product and Service Costing 2e Information Management 2f Project Appraisal 2g Project Management 2h Working Capital Control Area 3 Supplementary Experience 3a Financial Strategy 3b Corporate Finance 3c Treasury Management 3d Taxation 3e Business Evaluation and Appraisal 3f Business Strategy 3g External Relationships

We do not expect you to cover every element within each area, but you will need to gain wide experience across all three areas. The only requirement is that you get at least 18 months of your experience within the Core area. You will record your practical experience as part of your 'Career Profile', and we recommend that you update this regularly. After you pass your final exams, you will have five years in which to submit your completed Career Profile and apply for CIMA membership. The Career Profile is made up of the following three sections:

Personal Information A summary of your full employment history An enhanced Curriculum Vitae, including a detailed history of your relevant practical experience, specifying the number of months you spent in each position and a description of the work you did.

After you register you will receive our Student Resource File; the full practical experience and Career Profile guidelines are within that document.