2019 DEVELOPING STRATEGIC THINKERS AND FUTURE BUSINESS LEADERS
YOU DON T HAVE TO BE GREAT TO START, BUT YOU HAVE TO START TO BE GREAT.
CONTENT 04 ABOUT IMAS 06 WHAT IS CIMA? 09 CIMA COURSES 10 CIMA ENTRY REQUIREMENTS 11 CIMA GATEWAY ROUTE 12 CIMA GLOBAL CA PROGRAMME 13 CIMA FEES 14 WHY ACCA? 16 ACCA ENTRY ROUTE 19 ACCA FEES
ABOUT IMAS IMAS is a professional accountancy institution, specialising in Chartered Institute of Management Accountants (CIMA) and Association of Chartered Certified Accountants (ACCA) qualifications. It was established in 2013 to broaden access to high-quality professional accountancy education to aspiring Chartered Management Accountants. The National Skills Fund identified accountants and finance managers among the skills that are in shortage in South Africa. IMAS decided to add the highly regarded ACCA qualification to its offering to assist in closing the gap identified by the National Skills Fund. IMAS intends to play a meaningful role in supporting the country to realise its aspiration as encapsulated in the National Development Plan (NDP) of training and developing highly skilled graduates. IMAS is committed to a high standard of lecturing and student support to assist its students realise their dreams of becoming professional accountants. Through offering globally recognized qualifications, IMAS aims to develop strategic thinkers and business leaders that will have an enormous impact on corporates and communities. IMAS is accredited by the Finance and Accounting Services Seta, a SETA responsible for the accounting sector in South Africa (FASSET Accreditation Number: A585000052). Our Johannesburg and Sandton Campuses are classified as CIMA Advanced Global Learning Partners, with the rest of our campuses at Global Learning Partner Level. ACCA has assigned a Gold Learning Partner status for our Johannesburg campus. 4
Our Vision IMAS aspires to be a leading professional accountancy training institution in South Africa by 2021. Our Mission Our mission is broadening access to high quality education by Recruiting the best tutors/lecturers Providing excellent student support Form strategic alliances with employers that can offer training opportunities to our students Our Lecturers We have a team of over 25 lecturers and tutors Two-thirds are qualified ACMA, CGMA and CA (SA) or ACCA With the remaining being CIMA Finalist or Masters holders WHAT WE OFFER Delivery Method We offer full time and part time classes, as well as distance learning supported by online student portal and Mobile App. Where Campus Full-time Part-time Midweek Weekends Johannesburg Durban (no evening classes) Sandton Pretoria East London Port Elizabeth Distance learning available anywhere in Africa 5
WHAT IS CIMA? CIMA is the Chartered Institute of Management Accountants. It is the world s largest professional body of chartered global management accountants, and offers the most relevant accounting qualification for a career in business. We have members and students in 178 countries, making our qualification the preferred choice for employers. THE CIMA DIFFERENCE The CGMA Designation Our joint venture with the AICPA brought us the CGMA designation Chartered Global Management Accountant. The CGMA mission is to promote management accounting and the value that management accountants add to an organisation. The CGMA designation signifies that you are a trusted business strategist who can apply non-financial qualitative information along with financial analysis to understand all aspects of the business. The designation continually sharpens business acumen by providing the tools, reports and research holders need to help drive sustainable business success. Our Relationship with the Business Community We revise our syllabus regularly based on business trends and the employment needs of businesses globally. How do we do that? We run extensive, interlocking research with employers globally to understand the type of employees they are looking for to drive business forward. The CGMA Competency Framework: Foundation of the CIMA Syllabus With the information we have from employers globally, we developed a framework which shows the skills and competencies that finance professionals need to boost employability. The framework provides the foundation for our 2018 syllabus and assessment methods as well as our continuous professional development strategy. This ensures CGMA designation holders are competent and confident management accounting professionals who can guide and lead sustainable business success. Our Innovation in Assessment Technology To make CGMAs even more employable, we have pioneered a combination of computer based assessments that not only test our students knowledge but also their ability to apply this knowledge in the business environment. 6
BENEFITS TO CHOOSING CIMA 1. Employers Globally Choose CGMA If you are considering a career in business and finance and want to develop your future with a world-class employer, CIMA is the professional qualification to have. Thousands of companies around the world, from multinationals to the newest start-ups in the public and private sectors, train their people with us. Chances are that in any sector you can think of, there will be CIMA members driving businesses forward. Some of the employers who train their staff with CIMA are BP, Capgemini, Coca-Cola, Deloitte, GlaxoSmithKline, HSBC, Nestle, UK National Health Service, Siemens. Search for more employers: www.cimaglobal.com/ouremployers 2. Global Job Opportunities Qualifying as a chartered global management accountant with CIMA will open up global job opportunities in whatever sector you choose to work. As a CIMA student you will have the skills and knowledge to move between roles, taking on new business and financial challenges. This process will open your eyes to the huge number of opportunities that are open to someone with a CIMA qualification. Many job opportunities can be found on CIMA MY JOBS. Our official jobsite, where major global employers regularly advertise sought after positions: myjobs.cimaglobal.com 7
3. Earn Higher Salaries As a CGMA designation holder, you can earn more and go further. (Keep reading, we have the numbers to prove it) Even while you re still studying, you can step ahead in the job market. Because working to get your designation shows employers you re dedicated, hardworking and always thinking about your future. And, if you re already working, the CGMA designation can help you move up the ladder. A glimpse at average annual salaries of CIMA students and CGMA designation holders: 3 2 4 5 1 14 10 11 17 12 13 15 16 8 9 7 18 6 19 1 USA Students: N/A Members: USD156,000 5 Poland Students: PLN105,000 Members: PLN198,000 2 Canada Students: N/A Members: CAD112,000 6 South Africa Students: ZAR405,000 Members: ZAR863,000 3 Ireland Students: EUR45,000 Members: EUR83,000 7 Botswana Students: BWP140,000 Members: N/A 4 UK Students: GBP32,000 Members: GBP60,000 8 Zambia Students: ZMW140,000 Members: N/A 4. 9 Zimbabwe Students: ZWD24,000 Members: N/A 13 Sri Lanka Students: LKR539,000 Members: LKR2,173,000 17 Hong Kong Students: N/A Members: HKD1,010,000 10 UAE Students: AED193,000 Members: AED402,000 14 China Students: CNY389,000 Members: CNY791,000 18 Australia Students: N/A Members: AUD132,000 11 Pakistan Students: PKR733,000 Members: N/A 15 Malaysia Students: MYR75,000 Members: MYR195,000 19 New Zealand Students: N/A Members: NZD134,000 12 India Students: INR1,404,000 Members: INR2,506,000 16 Singapore Students: N/A Members: SGD143,000 Source: CIMA Salary Survey 2017 Preparing You for Bigger Opportunities One of the most exciting aspects of embarking upon a CIMA qualification is the way it will enhance your career if you re already working. As you progress through each level, you ll find yourself acquiring and gaining business and financial skills that are directly relevant to the work you are in. This, in turn, will prepare you for larger, more interesting roles and greater responsibility within your organisation. As you progress through the qualification you ll also gain individual awards after each level. 8
OUR COURSES The CIMA qualification gives you the skills, expertise and authority to call the shots and make decisions that will lead to ongoing success. AWARD/Membership of the Chartered Institute of Management Accountants and the CGMA designation Assessment of practical experience S trategic level Strategic Case Study Exam E3 Strategic Management P3 Risk Management F3 Financial Strategy M anagement level O perational level AWARD: CIMA Advanced Diploma in Management Accounting (CIMA Adv Dip MA) Management Case Study Exam E2 Project and Relationship Management AWARD: CIMA Diploma in Management Accounting (CIMA Dip MA) Operational Case Study Exam E1 Organisational Management P2 Advanced Management Accounting P1 Management Accounting F2 Advanced Financial Reporting F1 Financial Reporting and Taxation Practical experience/lifelong learning Enterprise pillar Performance pillar Financial pillar level AWARD: CIMA Certificate in Business Accounting (CIMA Cert BA) BA1 Fundamentals of Business Economics BA2 Fundamentals of Management Accounting BA3 Fundamentals of Financial Accounting BA4 Fundamentals of Ethics, Corporate Governance and Business Law
ENTRY REQUIREMENTS For the Certificate in Business Accounting You don t need any formal qualification to start this level. You will need a good understanding of both English and Maths and a passion to succeed in business. If you are doing Math Literacy, you will need a minimum of 50% pass rate. If you have any accounting qualification, you might be eligible for exemptions from subjects at this level. Call us to find out more about Exemptions. To Proceed Beyond the Certificate in Business Accounting You require a qualification in either accounting or finance. This could either be: Diploma in Cost and Management Accounting BCom/BCom Honours in Accounting, Management Accounting or any finance related area Master s in Accounting or MBA 10
CIMA GATEWAY ROUTE Are you a SAIPA member or hold an MBA Qualification? The Professional gateway and Master s gateway routes are an accelerated entry routes to the CIMA Professional Qualification and the globally recognised CGMA designation for individuals who hold an MBA or Master's in Accounting HOW DOES IT WORK? Eligible individuals are required to take the CIMA Gateway exam, also known as the Management Level Case Study exam for those who are not on the accelerated route. THE CIMA GATEWAY EXAM IS: a computer based case study exam three hours long available in four windows a year (February, May, August and November) assesses knowledge and competencies covered in the Management level of the CIMA Professional Qualification. In preparation for the Gateway Exam, IMAS offers eight to ten weeks of contact classes through its part-time or home study programme. This will be followed by a two weeks of case study workshop, you can refer to our 2019 timetables for dates and venue available on our website. Once you have passed the CIMA Gateway Exam, you will be granted 12 exemptions that include subjects from the certificate level, operational and management level exams, allowing you to progress straight to the strategic level of CIMA Professional Qualification. HOW MUCH DOES IT COST? Your fees are divided into two: 1. CIMA Fees = R9,000 which covers: Registration with CIMA First year s subscription fee One attempt at the exam 12 exemptions from Certificate, Operational and Management Level, after successfully passing the CIMA Gateway Exam 2. IMAS FEES = R19,305 WHICH INCLUDES: All your contact classes for P2, F2 and E2 Kaplan Study Material Study Text and Exam Practice Kit Unlimited Access to our pre-recorded material Free Access to the Case Study Workshop 11
HOW TO GET STARTED IMAS will register you with CIMA and submit documents proving your eligibility for this route. Documents include: Complete academic transcripts for all your qualifications Graduation certificate (s) or a letter from your University confirming completion or letter from your professional body Once your documents have been reviewed and approved you will then be confirmed onto the gateway route by CIMA and commence with your classes in preparation for your Gateway Exam. CIMA GLOBAL CA PROGRAMME This exclusive pathway for CA(SA)s is a very structured approach. You can only be admitted into this pathway via application to the CIMA-SA office. IMAS will assist with the application. Target Audience: All qualified CA s All CAs are exempted from 15 modules and only assessed on the Strategic Case study exam. After the process of exam completion, you will need to apply to become a member. Once you are a member, your designation (CGMA) will be internationally recognised. APPLICATION: To commence with an application for exemptions as a SAICA member, we require the following documents to be emailed to : nkosinathit@imas-sa.co.za - CV - Copy of CA(SA) certificate - Copy of ID document - Letter of good standing from SAICA - Completed C1 forms (request from our office 011 331 7343) FEES: The cost of the programme is R40,000 for 2019 and includes: APPLICATION FEE: Registration fee Exemption fee Exam fee (one sitting of Strategic Case Study) All books and mock exams Exclusive support for membership application to use the letters: CGMA Venue and facilities conducive for optimal learning experience 8
2019 FEES FULL-TIME CIMA Certificate in Business Accounting R33,000 CIMA Diploma in Management Accounting R36,300 CIMA Advanced Diploma in Management Accounting R36,300 CIMA Strategic Level R38,000 The above Full-Time fees include: Registration Fee Tuition Fee Exam Fee for one attempt per exam * Study Material is excluded PART-TIME CIMA Certificate in Business Accounting R23,760 CIMA Advanced Diploma in Management Accounting R19,305 CIMA Advanced Diploma in Management Accounting R19,305 CIMA Strategic Level R19,305 PART-TIME (per subject) CIMA Certificate in Business Accounting R6,600 CIMA Diploma in Management Accounting R7,150 CIMA Advanced Diploma in Management Accounting R7,150 CIMA Strategic Level R7,150 The above Part-Time fees include: Tuition, Mock Exams, Free Access to our online pre-recorded classes and notes * CIMA Registration Fee, Exemption Fee & Exam Fees are excluded DISTANCE LEARNING (per subject) All CIMA Distance Learning Subjects R4,500 Distance Learning Fees includes Study Material and Access to our Online Student Portal and Mobile App Access, loaded with pre-recorded lecture videos and notes. MOBILE APPLICATION (per subject) Mobile App Fees includes Only Access to pre-recorded lecture videos and notes via the Mobile App (Accounting Tutors - availale on Android and ios). R2,500 13
WHY ACCA? Your Success is Our Mission Why study with ACCA? Simple. You have the world s most progressive and supportive accountancy body driving your career towards even greater opportunity. Join the fastest growing gateway to the accountancy profession and build your success story. ACCA is the world s fastest-growing gateway to the accountancy profession, helping people like you to become successful accountancy professionals. Our global reputation is so strong that we now have over 170,000 members and 436,000 students in 180 countries. We also work with over 8,500 approved employers and over 80 accountancy partnerships worldwide. Greater Opportunity Our mission is to give you greater career opportunity through qualifications that are recognised and recommended around the world. Based on international accounting standards and independently benchmarked for quality, employers know that an ACCA qualification is a mark of professional excellence. This has been proved to greatly increase the opportunities for career progression and reward. Innovative studying and support No other professional accountancy body offers the same level of studying and support flexibility. We provide many innovative full-time, part-time and self-study options, and we were the first accountancy body to sponsor a massive open online course (MOOC). We offer extensive support online and through our 91 offices and centres globally, and are the only accountancy body with a student contact centre operating 24 hours a day, 365 days a year. 14
The ACCA Qualification is designed to provide accounting knowledge, skills, and professional values which will deliver financial professionals who are capable of building successful careers across all sectors and making a valuable contribution to your organization, whether you are in the public or private sectors. Here is a summary of why you should choose ACCA: 1. Unrivaled Global Network ACCA is a global body for professional accountants with over 188,000 members and 480,000 in 181 countries ACCA qualifications are based on international accounting standards making them globally relevant 2. Respected by Employers Over one hundred years of proven reputation for quality and excellence More than 7,110 approved employers globally Qualifications developed with employers giving you the skills and knowledge to be work ready 3. Flexibility ACCA offers you more flexibility than other accountancy qualifications thanks to our unique option papers. ACCA gives you a broad, yet thorough set of skills as well as an opportunity to specialize in whichever area you wish, from audit to management accounting. You do not have to choose your specialism until later in your studies, giving you time to decide where your interests lie. 13 15
ENTRY ROUTES We offer various entry points so you can start your ACCA studies at the right level, based on your previous qualifications. We ve listed the main entry routes here but visit our website to find out further information about entry requirements and exemptions. I AM A SCHOOL LEAVER WHERE DO I START? Have you passed matric Have (with you Level passed 3 in matric? English and Mathematics)? YES NO Start at the Foundation level the Introductory Certificate is recommended, especially if you have no prior knowledge or qualifications. FOUNDATION FA1 Recording Financial Transactions MA1 Management Information FA2 Maintaining Financial Records MA2 Managing Costs and Finance Foundations in Professionalism An online ethics module must be completed, but only once, if you wish to achieve a certificatefor any of these awards. INTRODUCTORY CERTIFICATE IN FINANCIAL AND MANAGEMENT ACCOUNTING INTERMEDIATE CERTIFICATE IN FINANCIAL AND MANAGEMENT ACCOUNTING 16
I AM A GRADUATE, WHERE DO I START? Do you have a relevant, fully accredited degree from a Do you have a relevant, fully accredited degree from a recognised university? recognised university? NO But check out our exemptions database you may get some exemptions from this level! YES FUNDAMENTALS KNOWLEDGE F1 Accountant in Business F2 Management Accounting F3 Financial Accounting + Foundations in Professionalism DIPLOMA IN ACCOUNTING AND BUSINESS FAB Accountant in Business FMA Management Accounting FFA Financial Accounting SKILLS F4 Corporate and Business Law F5 Performance Management F6 Taxation F7 Financial Reporting F8 Audit and Assurance F9 Financial Management OPTIONAL Research and Analysis Project + DIPLOMA IN ACCOUNTING AND BUSINESS ADVANCED DIPLOMA IN ACCOUNTING AND BUSINESS OXFORD BROOKES BSc (APPLIED ACCOUNTING) PROFESSIONAL ESSENTIALS Strategic Business Leaders (SBL) Strategic Business Reporting (SBR) EXPERIENCE 36 months relevant work experience is required and can be completed before, at the same time, or after the exams. OPTIONS (two to be completed) P4 Advanced Financial Management P5 Advanced Performance Management P6 Advanced Taxation P7 Advanced Audit and Assurance ACCA QUALIFICATION ETHICS Ethics and Proffesional Skills The Professional Module (EPSM) Ethics Module is an online ethics module which must be completed before, at the same time, or soon after you become eligible to sit Paper P1. 17
ENTRY REQUIREMENTS 1. Do you have Grade 12 or equivalent? You will need a minimum of level 3 in both English and Mathematics If you did Maths Literacy, you would require a minimum of level 4 Students who meet the minimum requirements detailed above will start at the ACCA Knowledge Level. However, students who do not meet the minimum requirements can do a Foundation in Accountancy, a one-year qualification which is part of ACCA that will lead to students receiving credits towards the ACCA Advanced Diploma or Skills Level. 2. Do you have a post Grade 12 qualification in accounting, finance or business related? If you have completed a diploma, degree or equivalent that has finance content, you could be exempt from some or even a maximum of nine exams from the ACCA Qualification leaving you the Professional level exams to complete and time to focus on gaining your practical experience. How is it Offered? Full-Time basis at our Braamfontein Main Campus Part-Time basis at our Braamfontein Main Campus and Swaziland branch Distance Learning supported by Online recorded class videos. 16 18
ACCA 2019 FEES FULL-TIME 1. Foundation in Accountancy R18,000 2. Diploma in Accounting and Business (Knowledge Level) R18,000 3. Advanced Diploma in Accounting and Business (Skills Level) R52,500 The above Full-Time fees include: Registration Fee, Tuition Fee, Exam Fee for one attempt per exam & Subscription Fee * Study Material is excluded PART-TIME (per subject) 1. Foundation in Accountancy R5,750 2. Diploma in Accounting and Business (Knowledge Level) R5,950 3. Advanced Diploma in Accounting and Business (Skills Level) R6,250 4. Professional Level (Essential Level) excluding SBL R7,000 5. Strategic Business Leader (SBL) R12,000 The above Part-Time fees include: Tuition Fee, Mock Exams, Kaplan Study Material & Free Access to our Online Student Portal * ACCA Registration Fee, Exemption Fee & Exam Fees are excluded DISTANCE LEARNING (per subject) All ACCA Learning Subjects R4,500 Strategic Business Leader (SBL) R6,500 Distance Learning Fees includes Study Material and Access to our Online Student Portal, loaded with pre-recorded lecture videos and notes. 17 19
Main Campus Physical Address: 4th Floor, Forum 2, Braam Park Office Park, 33 Hoofd Street, Braamfontein Durban Branch Physical Address: Office 112, First Floor Spaces, Umhlanga Business Centre 2 Ncondo Place, Umhlanga (opposite Holiday Inn Express) Postal Address: 17 Thornhill Estate, Rhinoceros Road, Weltevreden Park, 1709 011 331 7343 Email: info@imas-sa.co.za www.imas-sa.co.za CIMA qualifications are registered with South African Qualification Authority (SAQA) and FASSET, the Sector Education and Training Authority for Finance, Accounting, Management Consulting and other Financial Services. SAQA ID: A585000052