MyCIMA

History Graduate completing CIMA

Replies : 7

Hi Guys,

I am currently applying for graduate schemes which will support me in the attainment of the certificate in financial accounting, with my longer term aim being to achieve chartered management accountant status. I have reached the final interview stage at a company and have conducted my own research regarding the qualifications but would really appreciate some first hand experience of what is involve.

In simple terms, I was wondering how hard the qualification is to achieve? I attained an A in GCSE maths, but only a D at A-Level. Whilst I believe the A level reflects a lack of effort at that time in my life, realistically I think I would not have got higher than a B if I had worked to my potential. I studied History at Lancaster following my A levels and enjoyed the academic rigour. I believe I pick up new concepts well, but obviously have not focused specifically on finance in the past.

Can anyone provide any realistic advice regarding my situation? Is the crossover from the humanities to acountancy too much to handle? I believe I posses strong numerical skills, but does my A level grade reflect my limitations. I have looked at the syllabus for both qualifications, but would really appreciate some experienced advice if that is possible?


Thanks in advance

Would be fine

Think you're aware it won't be quite as easy as someone who had done a more 'aligned' degree but it wouldn't inhibit you from getting through the exams.

 You would have to start from scratch with the certificate level ut that would give you a good grounding for the rest of the course and you would just need to ensure you put the work into studying otherwise it becomes difficult. Obtaining a degree gives strong indication that you would be capable of completeing the syllabus. I personally had a Law degree and am  just moving on to the Strategic level, and very little of what i learnt is replicated in CIMA but CIMA is set up assume no prior knowledge.

 I wouldnt get het up on the A-Level, good maths skills help a little, but you can just put a little time into particular areas. I would say brush up and practise some basic maths though as i found that helps massively, like quick additions, mental arithmetic, percentages etc - these help in the exam  and people dont often look over these areas.

 

 

ACCOUNNTING AND HISTORY

I would encourage you to proceed with your preparation to start Certificate in Business Accounting. Someone who has history background can do well in accounting. I consider your Mathematics knowledge at GCSE to be enough to take you through the Certificate. It does no necessarily need you to be a Mathematician to go through. For instance, My lowest Grade at Certificate level is from Fundamentals in Business Mathematics; although my major is Mathematical Sciences in my first Degree. But I know that the time I was sitting for CBA in FBM I was pschologically ill prepared. Mathematics at CBA do not constitute the intricate brances of Statistics or Trigonometry or even basic Calculus. Concisely; it comprises of Arithmetic and Algebra ( Order of Signs). I hope you will excel if you implore right approach and you have self confidence.

That's why someone invented Excel ....

Alan, if you go for CIMA you'll soon find that accountants really don't have to be mathematicians or statisticians. That helps, of course, but our work is about finding patterns and pictures in data, about intelligent business design, and about explaining and evaluating alternatives just as much as it's about debiting and crediting properly so that your TB balances and your control accounts pass muster on scrutiny at every level. And you might be pleasantly surprised at how your mathematical and numeracy skills flourish when you're using them 'for real', working out % contributions or NPVs of option appraisals and can see not just the number-processes but the intentions behind the processes. Academic rigour learned in any discipline is always a benefit in any profession.

Some of the very best accountants I work with are Humanities people who bring a Renaissance rounding to a potentially number-focussed area; I didn't do maths beyond O level and went straight into CIMA as an FCMA. And these days I do a huge amount of complex analysis of trends, comparative data, cost elements and performance outcomes, geodemographic budgeting and so on.

But I confess I use a lot of checksums in my calculations, and there are days when I don't go far without a calculator in my pocket - just in case! 

Appreciated

Thank you very much for your advice. It had been good to hear the perspectives of people who have relevant experience regarding the qualification and I will take on board these views as I move forward. If anyone else has an opinion I would be more than happy to hear it.

Try AAT first....

 

well, I shared the similar predicament that you have right now. For one thing, thinking about getting in Accountancy is really great, as it will give you all the skills for a nice pay career. Congrats on that.

 However, the practical problem would be getting to the level of Accountancy needed to tackle subjects at the level that CIMA examines. I definately also endorse your choice of CIMA cos it is also a great choice. However, rather than directly going to certificate level,you'd be better off finishing AAT, or Trying Business Accounting by Frank Wood. Esp. 1. You would take some time finishing the basic accounting coursework, but it would be indeed brilliant. Secondly, do finish CIMA. I think it might take you half a year or a year max to be brilliant in accounts, and that's all the knowledge that you need, esp considering that financial accounting is the only problem you can expect. And the better you are at this, the better you will become in this profession.

Or if you go directly to CIMA, financial accounting will take time. So be prepared for that.

 Good Luck:)

My view

A good mathmatician does not necessarily make a good accountant. I've found there are lots of number crunchers on the market who can produce accounts but very little else. If you want to progress beyond this you'll need far more skills than being good at maths.

If you have a reasonable maths ability you should be able to cope with all the maths necessary. When you get to the strategic and TOPCIMA stages the calcs make way for more thinking and problem solving. I wouldn't worry too much about your maths ability. You should be fine.

I wouldn't waste time with AAT. I did AAT and wish I'd gone straight into CIMA. There's a lot of duplication in the subject matter and relearning of text.

 Good luck.

My View

I think you could easily make the switch from humanities to accountancy, but it would take time. You could do an associate degree in business management and accounting.  This is what I’m considering.  I read a Stevens-Henager student review – and apparently I can complete the course fully online in about 15 months.