PREMIER TRAINING

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Management Accountants. (CIMA). Home study is one of the most sophisticated learning methods ... such as Elsevier, BPP, Kaplan,. Osborne, the Frank .... E2 moves towards an holistic, integrated view of management across an organisation.
PREMIER TRAINING HOME STUDY COURSES

Chartered Institute of Management Accountants

PREMIER TRAINING Specialists in Accountancy Training Telephone: 01469 515444 Web: www.premiertraining.co.uk

CONTENTS

INTRODUCTION.....................................................................................1 ABOUT THE QUALIFICATION ...............................................................2 ENTRY REQUIREMENTS ......................................................................6 EXAMINATIONS.....................................................................................6 EXEMPTIONS ........................................................................................8 ABOUT THE TUTOR SUPPORT .......................................................... 10 HOW TO ENROL .................................................................................. 11

We have a team of friendly and experienced course advisors to answer any of your questions so please do not hesitate to contact the office on 01469 515444.

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

INTRODUCTION Premier Training was established in 1998 by tutors to provide a more personal, accessible and higher quality of training for accountancy and payroll students. We are committed to offer the best support network to ensure that student’s studying from home never feel alone and know that we are always there at the end of the telephone to help. At Premier Training we understand all the needs of adult learners and strive to do all we can to support their studies. Finding time to study is always a challenge for people with busy lives, but with our courses you can learn at your own pace whether you are at home, at work, while commuting or where ever is best for you. Premier Training has grown in strength and we are now one of the largest training providers in the UK. This is mainly due to our tutor support and the personal approach we have towards students and why we are often recommended by existing students on discussion forums. The company is a training provider with the following professional bodies: Association of Accounting Technicians (AAT) Sage Accounts and Payroll Association of Chartered Certified Accountants (ACCA) Institute of Certified Bookkeepers (ICB) International Association of Bookkeepers (IAB) Chartered Institute of Management Accountants (CIMA)

PREMIER TRAINING Specialists in Accountancy Training

Home study is one of the most sophisticated learning methods available today. Premier Training uses materials produced by the leading financial and accountancy publishers, such as Elsevier, BPP, Kaplan, Osborne, the Frank Wood series of books and the Premier Books. We can deliver all the material straight away even the very next day. The study manuals are devoted exclusively to exam success. Each study manual contains: Comprehensive syllabus coverage, meaning they include everything you need to know – without giving unwanted detail Numerous activities with full solutions to give you the opportunity you need to apply your knowledge and reinforce your learning Icons to clearly mark out important areas and point the way for quick revision Most important of all though, is the user-friendly style, which will help ensure that every minute of your study time is used as effectively as possible. Home study allows individuals to learn at their own pace, convenience and within their own comfort zone. You will not have to comply with the training providers schedule and be dictated by classroom based learning. Premier Trainings exam results are consistently high and always beat the national average therefore you are likely to pass your exams successfully and the first time! .

Telephone: 01469 515444 www.premiertraining.co.uk

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ABOUT THE QUALIFICATION Syllabus Certificate in Business Accounting: C01 fundamentals of management accounting This paper deals with the basic techniques for the identification and control of costs and cost management. It introduces the context of management accounting in commercial and public sector bodies and its wider role in society. It identifies the position of the management accountant within organisations and the role of CIMA. Classification of costs and cost behaviour provides a basis for understanding the various tools available for planning, control and decision making. Budgetary control requires the setting of targets and standards while the analysis of variances demonstrates the levels of performance within organisations. Accounting control mechanisms are identified and applied to provide information to managers to achieve operational efficiency. Investment appraisal, break-even analysis and profit maximising are used to aid both long and short-term decision making C02 fundamentals of financial accounting The main objective of this paper is the preparation of financial statements for single entities. These statements are constructed within a conceptual and regulatory framework requiring an understanding of the various valuation alternatives, the role of legislation and of accounting standards. Being able to apply accounting techniques and systems enables the preparation of accounts for different types of operations and for specific transactions. There is an introduction to measuring financial performance with the calculation of basic ratios. The need to understand and apply necessary controls for accounting systems, looking at internal control and the nature of errors and fraud, is also covered. C03 fundamentals of business mathematics This paper primarily deals with the tools and techniques to understand the mathematics associated with managing business operations. Probability and risk play an important role in developing business strategy. Preparing forecasts and establishing the relationships between variables are an integral part of budgeting and planning. Financial mathematics provides an introduction to interest rates and annuities and to investment appraisal for projects. Preparing graphs and tables in summarised formats and using spreadsheets are important in both the calculation of data and the presentation of information to users.

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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C04 fundamentals of business economics This paper primarily deals with the economic context of business and how competition, the behaviour of financial markets, and government economic policy can influence an organisation. It also provides the key microeconomic techniques underlying price determination and profit maximisation decisions. The focus of this syllabus is on providing candidates with an understanding of the areas of economic activity relevant to an organisation's decisions. C05 fundamentals of ethics, corporate governance and business law The learning outcomes in this paper reflect the legal framework for business and provide the underpinning for commercial activity. It includes the areas of contract law, employment law, financing, administration and management of companies. The globalisation of business is recognised by the inclusion of alternative legal systems, as well as the English legal system. Judicial precedent is included in relation to professional negligence. Wherever business is conducted, the highest professional standards must be demonstrated for the benefit of all stakeholders. With this in mind, the place of ethics and ethical conflict is considered, as well as the role of corporate governance and its increasing impact in the management of organisations. Students must pass all six operational and management papers before attempting strategic level.

Operational Level: E1 Enterprise Operations The E1 enterprise operations paper addresses several functional areas of business, and introduces candidates to the economic, social and political contexts of international business. Learning requirements for the sections dealing with information systems, operations, marketing and managing human capital will alert students to major developments, and tools and techniques. P1 Performance Operations This paper deals with tools and techniques that generate information needed to evaluate and control present and projected performance. Both budgeting and project appraisal emphasise the critical importance of optimising cash flow. The final section of the paper continues this theme from the perspective of managing working capital.

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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F1 Financial Operations This paper's core objectives are preparation of full financial statements for a single company and the principal consolidated financial statements for a simple group. Coverage of a wide range of international standards is implicit in these objectives. The understanding the regulatory and ethical context of financial reporting is vital. Principles of taxation are included.

Management Level: E2 Enterprise Management E2 moves towards an holistic, integrated view of management across an organisation. Building on important concepts in strategic management, this paper develops tools and techniques for identifying key types of competitive environments. Project management skills and tools are also addressed. The paper also introduces the skills and tools needed to work with, manage and develop teams. This includes both the legal aspects of managing individuals, as well as the softer elements of negotiation and leadership skills. P2 Performance Management The main focus of paper P2 is the application of information in the management processes of decision making and control to optimise performance. The first two sections deal with the key contributors to operational performance: revenue and costs. The role of control in monitoring and improving performance comes to the fore in the final two sections, which deal with principles and practices in the use of responsibility centres and budgeting. F2 Financial Management F2 extends to more advanced topics in financial accounting (preparation of full consolidated financial statements and issues of principle in accounting standards dealing with more complex areas) and to developments in external reporting. With the advanced level of financial accounting and reporting in this paper, the analysis and interpretation of accounts becomes more meaningful.

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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Strategic Level: E3 Enterprise Strategy Paper E3 continues the integration of skills across functions, but concentrates on developing the knowledge and skills used in designing and implementing strategy. Strategy is developed in a context. Understanding how an organisation's external environment and stakeholders affect strategy development is important. Performance Strategy This paper considers both financial and non financial risks. Management strategies covered extend to financial instruments, and more general strategies of risk identification and management. With the growing importance of new sources of risk, the paper pays particular attention to risks arising from governance, ethical and social/environmental issues. Financial Strategy F3 deals with key elements in designing and managing the organisation's financial strategy - in the context of contributing to achieving the organisation's objectives and within its external constraints. The features and implications of the full range of major financing instruments are covered. A broad range of types of investment decision is also covered. It is recognised throughout that such decisions need to take account of broader strategic issues as well the financial analysis. T4: professional competence level This is a test of professional competence in management accounting and is made up of two component parts that must both be achieved to complete the test. The two components can be taken in any order and credits are used to measure success, rather than marks: Part A: initial professional development work based practical experience Part B: case study exam Please visit the CIMA website for further information as this is administered directly by CIMA and a training provider is not required.

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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ENTRY REQUIREMENTS The CIMA professional qualification is for anyone with desire to succeed in business. You do not require any relevant qualifications or work experience to begin the Certificate level. If you’re new to business or accounting studies, you will first need to work towards gaining the CIMA Certificate in Business Accounting. All you need is competence in mathematics and the English language. Once you have completed the full Certificate level you will be able to progress onto the Operational level.

EXAMINATIONS Certificate Level: The Certificate Level is examined by computer based assessment. You can enter for an exam by visiting the CIMA website to find your nearest accredited CBA assessment centre. You then arrange to sit with a centre and NOT with CIMA. You can sit the assessments at any time of the year and you will need to speak directly to the assessment centre to arrange a date and time. You pay the assessment fee to the centre, NOT to CIMA. Please note that the assessment centres may charge additional administration fees. You will see your results and feedback onscreen as soon as your assessment has finished. Progressing to the professional qualification You must: •

pass all five certificate computer based assessments (unless you received exemptions) before sitting any operation or management level papers



complete all computer based assessments by 12th March to be eligible to sit any operational/management papers in May, and by 12th September to sit in November.

Operational, Management and Strategic levels: These are paper based exams every May and November. You can only enter when you have received your results from the previous session.

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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All eligible students may enter for the main global exams in November. Exam entry is open until 5pm 14th September. You will need to visit the CIMA website and log into your MY CIMA account. Payment is made by credit or debit card through MY CIMA as part of the entry process. You will receive confirmation by email, within 24 hours. You may only enter exams at one exam centre.

'Extra' exam sittings (March and September) To sit in the March or September 'Extra' exams (where available), students must have previously sat or been absent from the paper.

Exam Timetable 2012 – paper based exams: Tuesday 20th November E1 (am) E3 (am) E2 (pm) G1/M1/A1 (pm)

Wednesday 21st November P1 (am) P3 (am) P2 (pm)

Thursday 22nd November F1 (am) F3 (am) F2 (pm)

Exam fees: CIMA Certificate in Business Accounting

£47 per assessment. Please note that CBA centres may charge administration fees in addition to the standard fee. £79

Operational and Management levels (May and November) Operational and Management levels £133 (March and September resits) Strategic level (May and November) £85 Strategic level (March and September £145 resits)

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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EXEMPTIONS There is an exemptions search on the CIMA website that will help you find out if the qualification you have studied exempts you from sitting some CIMA exams. If your qualification is on the database of accredited programmes, you will see which CIMA exams you may be exempt from. You must have qualified during the years stated on the database and must have taken the required modules. How are exemptions awarded? CIMA will not decide if you will be awarded exemptions until: • you have registered as a CIMA student; and • they have received your educational transcripts and certificates. Exemption fees: CIMA Certificate in Business Accounting Operational and Management levels Strategic level

£47 per subject £79 per subject £85 per subject

Becoming a CIMA member You can apply for CIMA membership when you have completed the CIMA professional qualification. You also need to demonstrate three years of relevant practical experience. Once your membership application has been approved by CIMA you can use the letters ACMA after your name to signify that you are an Associate Chartered Management Accountant.

Registering with the CIMA To register as a CIMA student you will to do the following: •

Check your entry route for CIMA.



You to find your nearest computer based assessment centre using the search facility on the CIMA website to ensure you are able to attend.



Once you have registered as a student online, apply for any exemptions you may be entitled to.

To complete the student registration process you will need to have the following details at hand: • Your contact details, including address, telephone and email • Your current employment details, if you are working • Your debit or credit card details, if paying online PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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Payment You will be asked to pay during the registration process. Students in the UK will be required to pay online with a credit or debit card. Students in Ireland will be required to pay online with a credit card only. Students outside the UK and Ireland may choose to pay online or to send payment through the post immediately. If you have any difficulties registering online you can contact CIMA at [email protected]. Registration fees: Registration Student first year subscription Annual subscription

£70 Free £97

The deadline to register for the May paper based exam sitting is 31st January for the November paper based exam sitting it is 31st July. It is important you that you ensure copies of your qualification documents reach CIMA by these deadlines if you plan to sit Professional level papers at the next sitting.

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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ABOUT THE TUTOR SUPPORT • • •

Qualified, efficient, patient and friendly tutors with teaching experience Access to a team of tutors via email Monday to Friday and late evenings Tuesdays, Wednesday & Thursdays until 8pm Unlimited access so you can contact the team of tutors via email as often as you require

The office is open at the following times: Mondays Tuesdays Wednesdays Thursdays Fridays

9am – 5pm 9am – 8pm 9am – 8pm 9am – 8pm 9am – 5pm

Premier Training will provide each student with: • • • • • • •

Elsevier CIMA Learning System Elsevier CIMA Exam Practice Kit CIMA I Pass CD for Papers C01-C05 only CIMA Interactive Pass Cards for Management Level/Strategic Level Elsevier CIMA Revision Cards E-mail support from tutor Access to Premier Training's on line student resources containing additional study aids and guidance notes

COURSE FEES Certificate level per paper

£95

Operational, Management and Strategic level’s per paper

£115

Postage & Packaging - UK (per paper)

£17

Postage & Packaging – Overseas* (per paper)

£49

*Please note the overseas P&P of £49 is a quote and we will confirm the final amount of P&P due when the delivery address and country have been confirmed.

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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HOW TO ENROL You can enrol regardless of academic background, nationality, age, location, sex, religion or occupation; and with the determination to succeed you will gain a qualification which is internationally recognised. Over the phone: The easiest and quickest way to enrol is over the phone using a credit/debit card. This will only take a few minutes and the course advisor will complete the enrolment form for you. If you enrol Monday to Friday before 3pm you will receive all your course material the very next day (including Saturday!). On-line: Visit our website at www.premiertraining.co.uk click on enrol, click on the course title link and follow the step by step instructions, once you have submitted the form you will receive confirmation of your order and a course advisor will contact you to advise what follows next.

By post: Return your completed enrolment form with payment to: Premier Training Schenker Building Eastfield Road South South Killingholme North Lincolnshire DN40 3DQ

Invoice employer: Simply complete the enrolment form and ask your employer to sign section 3 then fax the form to us on 01469 572349 or scan and email. We will then dispatch your study material straight away and invoice your employer. Premier Training – Specialists in Accountancy Training.

PREMIER TRAINING Specialists in Accountancy Training

Telephone: 01469 515444 www.premiertraining.co.uk

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