Accounting is a process that cannot be avoided by those in the business field startinf from small traders to big companies.For governments, non profit organisations, association and individuals to prosper and operate successfully proper and accurate accounting is a must.The india growth story and success of IT & infrastructure development has made an atmosphere for indian companies & domestic business groups to grow at a good rate.Such a climate has created a job sector called "BUSINESS ACCOUNTING".Preparation of accounts of foreign companies having or not having international businesses according to international standards and making it complaince with laws and trade agreements between different countries and suitable for auditing are the primary responsibilities of a Global Business Accountant.Qualified professionals in this industry can do business accounting as a profession or take up higher positions in foreign companies.
How to be a Global Accountant?
There are different courses in our country to get skills and proficiency in accounting profession.However most of them will only help you in securing a job in India.Short term courses that equip accountants to work abroad and in MNCs are rare in our country.
It is in this situation that Chartered Institute of Management Accountants (CIMA) has come up with a certificate in business accounting course (CBA). CBA certificate holders were hired in mncs like Microsoft, IBM, Tata, PWC,Ernest& Young.Deloit, Nestle, HSBC, shell etc and were placed as accounting professionals.It is believed that the likely increase foreign investment will increase the relevance of this course due to expected large number of openings that will be arising in the near future.
CIMA is the biggest professional accounting body with head quaters in London.It has about 18300 enrolled members in 168 countries and several students.Certificate in business Accounting is the first step in membership of this professional body.Candidates completed the course successfully may take up jobs in accounting sector or try for qualification towards CIMA membership or may do higher studies.
Eligibility & Admissions
No specific qualification is mentioned for this course.However candidates who have learned business mathematics and accountancy at plus two level will be desirable.Candidates who have BCom, MCom, CA, ICWA degrees will be exempted from clearing certain papers.Fee should be paid online and applications should be submitted online at www.cimaglobal.com .
Examination & Evaluation
To pass CBA course, you have to study the five subjects namely Management Accounting, Financial Accounting, Business Mathematics, Business Economics, Ethics, Corporate Governance, Business Laws according to syllabuss and pass the online examinations.Exams are conducted at CIMA approved exam centres.Each exam is of two hours duration.CIMA registered students may appear for examinations during may or november months each year. Normally (it can change) candidates applying before March 14 will be allotted to may exams and those after may 14 will be alloted november examinations.However they should have respectively completed CIMA registration procedures before January 31 and July 31 respectively.To pass exams you need to score more than 50 percent marks in each paper.Evaluation is done by the computer.
CIMA India Address
CIMA,
1-A-1.Third Floor,Vibjyor Towers,C-62,G Block,Bandra Kurla Complex. Mumbai - 400051
Tel: 022-42370109, 42370100
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: www.cimaglobal.com
Biju Govindan is a Practising Company Secretary
