developing strategic thinkers and future business …• all your contact classes for p2, f2 and e2...

DEVELOPING STRATEGIC THINKERSAND FUTURE BUSINESS LEADERS

2019

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?

11 CIMA GATEWAY ROUTE

12 CIMA GLOBAL CA PROGRAMME

09 CIMA COURSES

10 CIMA ENTRY REQUIREMENTS

13 CIMA FEES

14 WHY ACCA?

16 ACCA ENTRY ROUTE

19 ACCA FEES

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.

ABOUT IMAS

4

Our VisionIMAS aspires to be a leading professional accountancy training institution in South Africa by 2021.

Our MissionOur 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 opportunitiesto 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

Delivery MethodWe 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

WHAT WE OFFER

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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 CGMA DesignationOur 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 CommunityWe 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 SyllabusWith 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.

THE CIMA DIFFERENCE

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BENEFITS TO CHOOSING CIMA

1. Employers Globally Choose CGMAIf 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 OpportunitiesQualifying 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

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9 ZimbabweStudents: ZWD24,000Members: N/A

10 UAEStudents: AED193,000Members: AED402,000

11 PakistanStudents: PKR733,000Members: N/A

12 IndiaStudents: INR1,404,000Members: INR2,506,000

13 Sri LankaStudents: LKR539,000Members: LKR2,173,000

14 ChinaStudents: CNY389,000Members: CNY791,000

15 MalaysiaStudents: MYR75,000Members: MYR195,000

16 SingaporeStudents: N/AMembers: SGD143,000

17 Hong KongStudents: N/AMembers: HKD1,010,000

18 AustraliaStudents: N/AMembers: AUD132,000

19 New ZealandStudents: N/AMembers: NZD134,000

Source: CIMA Salary Survey 2017

3. Earn Higher SalariesAs 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:

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1

34 5

1 0

8

97

6

1 1

1 2

1 3 1 5

1 6

1 7

1 8

1 9

1 4

1 USAStudents: N/AMembers: USD156,000

2 CanadaStudents: N/AMembers: CAD112,000

3 IrelandStudents: EUR45,000Members: EUR83,000

4 UKStudents: GBP32,000Members: GBP60,000

5 PolandStudents: PLN105,000Members: PLN198,000

6 South AfricaStudents: ZAR405,000Members: ZAR863,000

7 BotswanaStudents: BWP140,000Members: N/A

8 ZambiaStudents: ZMW140,000Members: N/A

4. Preparing You for Bigger OpportunitiesOne 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.

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Strategic Case Study Exam

Assessment of practical experience

Management Case Study Exam

Operational Case Study Exam

AWARD: CIMA Advanced Diploma in Management Accounting (CIMA Adv Dip MA)

fo etutitsnI deretrahC eht fo pihsrebmeM/DRAWAManagement Accountants and the CGMA® designation

AWARD: CIMA Diploma in Management Accounting (CIMA Dip MA)

Enterprise pillar Performance pillar Financial pillar

AWARD:

S cigetartlevel

M tnemeganalevel

O lanoitareplevel

level

E3Strategic Management

E2Project and Relationship Management

E1Organisational Management

P3Risk Management

P2 decnavdA

Management Accounting

P1Management Accounting

F3Financial Strategy

F2 decnavdA

laicnaniFReporting

F1 gnitropeR laicnaniF

and Taxation

BA1Fundamentals of Business Economics

BA2Fundamentals of Management Accounting

BA3 fo slatnemadnuF

Financial Accounting

BA4Fundamentals of Ethics,

Corporate Governance and Business Law

CIMA Certificate in Business Accounting (CIMA Cert BA)

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.

ENTRY REQUIREMENTS

For the Certificate in Business AccountingYou 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 AccountingYou 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 orany finance related area

• Master’s in Accounting or MBA

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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 exemp-tions that include subjects from the certificate level, operational and management level exams, allowing you to progress straight to the strategic level of CIMA Pro-fessional 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

CIMA GATEWAY ROUTE

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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 : [email protected] - 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

CIMA GLOBAL CA PROGRAMME

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.

2019 FEES

FULL-TIME

CIMA Certificate in Business Accounting R33,000

CIMA Diploma in Management Accounting R36,300

The above Full-Time fees include:• Registration Fee• Tuition Fee• Exam Fee for one attempt per exam* Study Material is excluded

CIMA Advanced Diploma in Management Accounting R36,300

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R38,000CIMA Strategic Level


PART-TIME



PART-TIME (per subject)


CIMA Diploma in Management Accounting R7,150

DISTANCE LEARNING (per subject)

All CIMA Distance Learning Subjects R4,500

MOBILE APPLICATION (per subject)

R2,500


CIMA Strategic Level R7,150

The above Part-Time fees include:• Tuition, Mock Exams, Free Access to our online pre-recorded classes and notes

R19,305CIMA Strategic Level

* CIMA Registration Fee, Exemption Fee & Exam Fees are excluded

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 App Fees includes Only Access to pre-recorded lecture videos and notes via the Mobile App (Accounting Tutors - availale on Android and iOS).

Your Success is Our MissionWhy 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 OpportunityOur 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.

WHY ACCA?

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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 NetworkACCA 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 EmployersOver 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. FlexibilityACCA 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.

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FOUNDATION

I AM A SCHOOL LEAVER – WHERE DO I START?

Have you passed matric?

Start at the Foundation level – the Introductory Certifi cate is recommended, especially if you have no prior knowledge or qualifi cations.

FA1 Recording Financial Transactions MA1 Management Information

INTRODUCTORY CERTIFICATE IN FINANCIAL AND MANAGEMENT ACCOUNTING

FA2 Maintaining Financial Records MA2 Managing Costs and Finance

INTERMEDIATE CERTIFICATE IN FINANCIAL AND MANAGEMENT ACCOUNTING

An online ethics module – must be completed, but only once, if you wish to achieve a certifi catefor any of these awards.

Foundations in Professionalism

YES

NO

FOUNDATION


Have you passed matric (with Level 3 in English and Mathematics)?








YES

NO

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.

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FOUNDATION


Have you passed matric?








YES

NO

FOUNDATION


Have you passed matric (with Level 3 in English and Mathematics)?








YES

NO

EXPERIENCE36 months’ relevant work experienceis required and can be completed before, at the same time, or after the exams.

FAB Accountant in Business FMA Management Accounting FFA Financial Accounting

DIPLOMA IN ACCOUNTING AND BUSINESS

SKILLSF4 Corporate and Business Law F5 Performance Management F6 TaxationF7 Financial ReportingF8 Audit and AssuranceF9 Financial Management

ADVANCED DIPLOMA IN ACCOUNTING AND BUSINESS

KNOWLEDGEF1 Accountant in BusinessF2 Management AccountingF3 Financial Accounting+ Foundations in Professionalism


FUNDAMENTALS

PROFESSIONAL

ESSENTIALSP1 Governance, Risk and Ethics P2 Corporate ReportingP3 Business Analysis

OPTIONS (two to be completed)P4 laicnaniF decnavdA

Management P5 ecnamrofreP decnavdA

Management P6 Advanced TaxationP7 dna tiduA decnavdA

Assurance

ACCA QUALIFICATION

ETHICSThe Professional Ethics Moduleis an online ethics module which must be completed before, at the same time, or soon after you become eligible to sit Paper P1.

I AM A GRADUATE, WHERE DO I START?

Do you have a relevant, fully accredited degree from a recognised university?

NO YESBut check out our exemptions database – you may get some exemptions from this level!

+








FUNDAMENTALS

PROFESSIONAL

ESSENTIALSP1 Governance, Risk and Ethics P2 Corporate ReportingP3 Business Analysis




Assurance

ACCA QUALIFICATION





+








FUNDAMENTALS

PROFESSIONAL

ESSENTIALS




Assurance

ACCA QUALIFICATION




NO But check out our exemptions database – you may get some exemptions from this level!

+





ADVIN ACCOUNTING AND BUSINESS

Research and Analysis Project



FUNDAMENTALS

PROFESSIONAL

ESSENTIALS• Strategic Business Leaders (SBL)• Strategic Business Reporting (SBR)




Assurance

ACCA QUALIFICATION

ETHICSEthics and Proffesional Skills Module (EPSM)is an online ethics module which must be completed before, at the same time, or soon after you become eligible to sit Paper P1.



+

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OXFORD BROOKES BSc (APPLIED ACCOUNTING)

OPTIONAL

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.

ENTRY REQUIREMENTS

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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

DISTANCE LEARNING (per subject)

All ACCA Learning Subjects R4,500

R6,500

ACCA 2019 FEES

1719

R12,0005. Strategic Business Leader (SBL)

Strategic Business Leader (SBL)

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 Fees includes Study Material and Access to our Online Student Portal, loaded with pre-recorded lecture videos and notes.

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 Centre2 Ncondo Place, Umhlanga

(opposite Holiday Inn Express)

Postal Address:17 Thornhill Estate, Rhinoceros Road,

Weltevreden Park, 1709

011 331 7343Email: [email protected]

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