Overview

CIMA's Advanced Diploma in Management AccountingThe CIMA Advanced Diploma in Management Accounting focuses on developing skills in translating long-term strategy into medium-term plans, managing organizational performance, and utilizing data and technology for informed decision-making. It also emphasizes understanding cost and value management, risk analysis, and project management techniques. This diploma prepares individuals for roles in financial management and strategic decision-making within organizations.Key Learning Objectives:Understanding how to use cost management techniques to provide organizations with a cost advantage, and how to analyze and manage risks associated with capital investment decisions.Learning to manage and control the performance of organizational units, including setting objectives, monitoring progress, and implementing corrective actions.Developing skills to analyze risks and uncertainties, particularly in the context of capital investment decisions.Understanding the concepts and techniques of project management to effectively implement strategies.Exploring how business models can be used as a framework to create value within organizations, including analyzing new models in digital ecosystems.Learning to manage individual and team performance through various leadership and management styles.Utilizing data and technology to manage organizational and individual performance, as well as prepare and interpret financial statementsE2 Managing PerformanceA. Business models and value creationB. Managing people performanceC. Managing projectsWhat do you learn in E2?The fundamentals of business models and how new business and operating models can be developed to improve the performance of organisations.How different styles of leadership can be used to improve the performance of individuals to achieve organisational goals and how to use performance management concepts and techniques to implement strategies effectively and efficiently.Use of project management concepts and techniques useful in implementing strategies. (Project management is linked to capital investment decision-making which is covered in P2D).P2 Advanced Management AccountingA. Managing the costs of creating valueB. Capital investment decision makingC. Managing and controlling the performance of organisational unitsD. Risk and controlWhat do you learn in P2?How to use cost management, quality and process management and value management to provide organisations with cost advantage.The criteria, process and techniques that are used to decide which projects to undertake, how to manage the performance of organisational units to ensure that they achieve their objectives.How to analyse risks and uncertainties that organisations face in the medium term, especially capital investment decision making, and managing those risks in the implementation of such decisions.F2 Advanced Financial ReportingA. Financing capital projectsB. Financial reporting standardsC. Group accountsD. Integrated reportingE. Analysing financial statementsWhat do you learn in F2?The sources and types of funds and how much they cost.The key financial reporting standards on which financial statements will be based and the application of those standards to prepare group accounts.The International Integrated Reporting Framework and its components and how to conduct analyses of financial statements and their limitations.Management Level Case StudyAt the Management level, the role simulated is that of a finance manager. The capstone Case Study Examination provides a simulated context allowing candidates to demonstrate that they have acquired the required knowledge, skills, techniques and the mindset required for that role.

Skills

Reviews