Difference Between CIMA and CIPM

Choosing between CIMA and CIPM must not be complex. CIMA is about learning best practices in Management Accountancy. However, CIPM certification provides an in-depth knowledge of portfolio performance measurement. This article explores the parameters based on which candidates may choose either.

You are free to use this image on you website, templates, etc., Please provide us with an attribution linkHow to Provide Attribution?Article Link to be HyperlinkedFor eg:Source: CIMA vs CIPM (wallstreetmojo.com)

What is CIMA?

The CIMA certification is awarded by the UK-based Chartered Institute of Management Accountants (CIMA), a global body dedicated to promoting industry best practices in management accountancy.

This course is a 4-tier program that helps acquire in-depth knowledge of management accountancy and focuses on business management skills like the other accountancy credentials.

This certification widens the scope of knowledge and skills gained through this accreditation and makes it possible for professionals to opt for management-oriented roles.

What is CIPM?

The CFA Institute offers a Certificate In Investment Performance Measurement (CIPM)  to help professionals understand investment performance evaluation-related concepts and functionalities.

This credential also introduces participants to global ethics and professional standards in the field to meet Global Investment Performance Standards (GIPS) requirements.

After acquiring this credential, the candidates can explore international work opportunities in varied finance domains.

CIMA vs. CIPM Infographics

Reading time: 90 seconds

CIMA vs. CIPM Summary

Entry Requirements

There are no specific requirements for the CIMA Certificate in Business Accounting. It is a foundation-level certification that does not require good accounting knowledge as a prerequisite. However, the candidates must be fluent in English and have a keen interest in mathematics to earn this certification.

  • Management Accounting

  • Finance Management

  • Strategic Marketing Management

  • Information Management

  • Business Accounting

  • Ethics and Professionalism

  • Manager Selection

  • Performance Attribution

  • Performance Measurement

  • Performance Presentation

  • Performance Appraisal

  • Global Investment Performance Standards

  • Project Manager

  • Finance Controller

  • Business Analyst

  • Management Accountant

  • Forensic Analyst

  • Risk Analyst

  • Investment Analyst

  • Financial Adviser

  • Compliance Officer Investment Consultant

  • Portfolio Manager

  • February 09 – February 25

  • May 11 – May 27

  • August 10 – August 26

  • November 09 – November 25

  • March 16 – March 31

  • September 16 – September 30

CIMA

The CIMA professional-level qualifications are operational, management, and strategic level studies. To pursue CIMA Operational Level studies, professionals need a basic level of proficiency in accounting or business studies. The candidates can meet this requirement if they hold any one of these qualifications:

  • CIMA Certificate in Business AccountingMaster in Accounting or MBAMembership of ICWAI, ICMAP or ICMABMembership in an IFAC body

Any relevant qualification to get an exemption from the CIMA Certificate in Business Accounting.

The candidates must have completed CIMACIMAThe full form of CIMA is phrased as “Chartered Institute of Management Accountants”. The CIMA is the UK’s professional body, functional in more than 170 countries worldwide, providing management degree courses to eligible candidates.read more Operational Level studies and Operational case studies to pursue Management Level studies.

To pursue Strategic Level studies, the candidates should have completed both operational and management level studies along with their respective case studies.

CIPM

There are no prerequisites for the CIPM exam except for abiding by the CIPM Association Code of Ethics and Standards of Professional Conduct.

Participants are required to sign a Candidate Professional Conduct Statement as part of the exam registration to ensure that they meet the ethics requirements and uphold the integrity of the certification program to the best of their abilities.

Why Pursue CIMA?

This certification program offers a greater breadth of exposure to concepts of management accountancy and prepares students and professionals for diverse roles and responsibilities in the field.

The CIMA Certificate in Business Accounting is an entry-level credential that introduces students to the basics of management accounting and related areas.

The next three levels of CIMA are meant for beginner, middle, and expert level professionals to help enhance their skills and capabilities and add greater credibility to their profile in the eyes of prospective employers. A growing number of leading employers trust accredited professionals more than their non-accredited counterparts.

Why Pursue CIPM?

This credential intends to impart knowledge of investment performance measurement concepts and prepare professionals to present relevant data in easy-to-understand terms to investors.

It covers some complex knowledge areas, including performance attribution and appraisal, along with helping participants develop an understanding of industry-approved ethics and professional standards.

That would be necessary for professionals to meet GIPS requirements while operating in the industry efficiently.

It naturally builds trust in the view of prospective employers and opens up global opportunities in the field.

Conclusion

As a globally acknowledged accreditation, CIMA offers the chance to develop management skills from an accounting perspective, which sets it apart from other certifications. Those candidates willing to explore the broader field of management accountancy and prepare for roles requiring advanced accounting capabilities with an incisive business insight can look to complete the highest tier of CIMA.

Whereas CIPM is for finance professionals seeking to explore the complex area of investment performance evaluation and present accurately and conveniently convey this information to investors.

That is a highly specialized area suitable for professionals willing to work in a role related to GIPS verification practices, conducting performance evaluations for institutional investorsInstitutional InvestorsInstitutional investors are entities that pool money from a variety of investors and individuals to create a large sum that is then handed to investment managers who invest it in a variety of assets, shares, and securities. Banks, NBFCs, mutual funds, pension funds, and hedge funds are all examples.read more and firms.

This article has been a guide to CIMA vs. CIPM. Here, we discussed the differences between CIMA and CIPM infographics and a comparative table. You may also have a look at the following articles: –

  • CAIA Exam GuideCIMA vs. ACCA – CompareCIMA vs. CFA – DifferencesCIMA or CFPACCA vs. CS