Learn more about the premier designation for management accountants, the Chartered Global Management Accountant (CGMA) with videos from thought leaders and industry experts.
Yes, it's "ethical" to make a stand when it looks good. It is as if this partcular ethical pickle defers to optics. What is deemed "good" changes over time. So ethics of this kind can never be divorced from what is in vogue. Perhaps it would be more "ethical" to follow your own standards of personal integrity rather than bow to consensus? That would make working for someone else much more difficult wouldn't it?
CIMA’s reputation is falling fast by their own doing (introducing a “buy your qualification” model with FLP), just google it and look through the discussion boards. Most qualified members don’t know about it or there would be uproar. My view is that FLP is a cynical, money-making con concocted by CIMA’s American parent company (AICPA), designed for only one purpose: to exponentially increase membership income by handing out the CGMA qualification on a plate to anybody that pays the entry price, with minimal testing of candidates’ abilities. This has all been presented to us under the guise/smokescreen of “adapting the profession in a digital world”, and “offering flexibility to modern students.” If you peek behind the thin veil of their bullshit sales pitch, the shocking reality of FLP is that 13 out of 16 exams have been removed and replaced by what is essentially online text books that students will need to read through. At the end of each chapter, they are required to complete a small bank of questions outside of exam conditions - they are not timed, the student’s identity is not verified, and the student has full access to all materials (as well as the entire internet) whilst completing the questions. Anyone with a basic grasp of the English language would be capable of passing these questions with little effort, or even asking a friend to do it for them if, for some incomprehensible reason, they find them to be a challenge. An entire stage of studying in detail to understand syllabus content (in preparation for the requirement to pass an exam in it) has been removed and students are now assumed to be fully capable after reading through the text book once and stumbling past some piss-easy end of chapter quizzes. The 3 case study exams remain, and do offer assurance that candidates can at least string a sentence together in a finance/business context. However, they contain little to no in-depth financial content and calculations required in these exams are always brief and perfunctory (a quick profitability ratio for example - one number over the other). Under the traditional route to qualification, this is permissible because the candidate has been rigorously tested in these areas of study already, whereas under FLP, it is possible for candidates to pass the entire CIMA syllabus and call themselves a qualified accountant, when they may not even be capable of producing a simple journal entry or accrual, never mind a comprehensive capital investment appraisal. For CIMA to tell us with a straight face that these aren’t necessary competencies for a qualified accountant under a meek and nebulous reference to “AI taking over”, and the world’s transition towards a “digital future”, is nothing short of a disgrace to the profession. You will never see another profession or professional body sell out their members and degrade the importance of their work in such an egregious manner. How long can we realistically expect it to be until CIMA decides to do away with the 3 remaining exams and maybe even PER in their race to the bottom? At least they will be well funded with membership fees, that is, until the gravy train ends and everyone realises CGMA isn’t worth the paper it’s written on. With FLP, CIMA has stopped providing a rigorous and respected finance qualification (such as those offered by ACCA et. al.) and now offers what can only be described as a short-course in general business management with a light seasoning of finance. This is a monumental change to what many of us signed up for and its impact is being downplayed by CIMA, who are gaslighting us all with low effort sales patter; the fact that it was implemented with no consultation with qualified members is an abhorrent action by CIMA and part of a pattern of disrespectful behaviour that began soon after they triumphantly walked out on CCAB, hand in hand with AICPA who have since held them over a barrel. Competing for jobs against ACA/ACCA qualified candidates in a competitive labour market just got a whole lot more difficult; ACAs/ACCAs now actually have a good reason to look down on CIMA qualified accountants and they will not hesitate to do so. I don’t blame them, I would not have chosen to study with this professional body had I known what it would become. Because of CIMA’s myopic greediness, we all face the unenviable prospect of potentially having to pick exams up again in the future with a reputable CCAB body if we are to remain a viable candidate for many employers. In a world where finance jobs continue to increase in complexity and demand more, CIMA is demanding significantly less - all they care about is the colour of your money. The only redemption possible for CIMA’s tattered reputation would be the full withdrawal of the disastrous FLP experiment and a return to their roots, and original USP: rigorously training accountants for a successful career outside accounting practice.
The code needs to become part of the organisational culture. It starts with the leadership and management displaying those ethical behaviours and decisions contained in the code in the day to day business operations.
my age 34 , with 2 years account executive exp right now workin as account executive, is this course benefit for my salary increase. before 2018 i was working with small agency or organisations do mot have experience letter, please suggest me
Covered all the important viewpoints a CFO brings to the table in the most precise, concise, and effective manner. Loved the terminology of CF-GO: CFOs go out looking for deals versus the traditional role of CF-Nos: Looking for ways to say No to the deals.
Million Dollar Income Potential in Ruvol I have invented a Board Game [still unpublished] that is guaranteed to be far more challenging and exciting to play than CHESS. I called it “RUVOL.” Over time, Ruvol will surpass chess as the “Number One Board Game in the World.” Why am I so sure about this? Because I am an avid chess player myself. I found chess to be so repetitive that any clever player could easily master the moves to a point they could even play against opponents blindfolded. It is for this reason I invented a game where every game is always a new challenge and exciting to play. Since Ruvol is yet “unpublished,” I am extra careful in fully disclosing how it is exactly played, lest it might be “plagiarized.” The “BEST PREVIEW” I can give, more than enough to appreciate how the game is played, is as follows: 1. Ruvol is almost somewhat played like chess. [I invented Ruvol primarily to give chess a direct “apple-to-apple” competition.] 2. Like chess, Ruvol is a board game for two players. 3. If the chess board is square in shape containing 64 squares in all, the Ruvol board is rectangular with more number of squares in it. 4. If each chess player has 16 pieces, each Ruvol player has same number of pieces as well. 5. If each type of chess piece moves in a distinct way, the Ruvol types of pieces move in distinct ways, too. 6. If to win the chess game requires tactical skills or strategic thinking, the more the Ruvol requires of it. 7. If the way to win chess is to checkmate the opponent’s king, the way to win Ruvol is entirely different but far more exciting and challenging. In my Google search, I learned there are around 800 million chess players in the world. These 800 million players comprise the “Total Potential Buyers” of Ruvol across the globe. At an average profit of just US$5 per set, the “Global Income Potential” of Ruvol then is US$4 billion. Assuming only 1% of it will buy each year, the annual global potential sale is US$40M. I AM SELLING MY COPYRIGHT TO RUVOL. For the reason that I don’t have enough resources to publish Ruvol on a global scale, I find it “wiser” to simply sell my copyright. If you are interested to buy my copyright, email me your BEST PRICE OFFER-[the copyright goes to the highest bidder]. My email address is: rodolfovitangcol@gmail.com Thanks and God bless. RODOLFO MARTIN VITANGCOL The Ruvol Inventor
"Management accounting is now very important in my current life, in my current role, because the accounting rules would take you down one path, and obviously our GAAP financial statements have to be in accordance with the accounting rules. When you are working with a company like Coca-Cola that has locations around the world, in over 200 countries, and you really need a methodology to help everybody understand if they are performing and meeting their plans and expectations, that's really where management accounting comes in." Transcribed for all my fellow reading learners.
J D I don’t work in finance but I remember doing a few financial analysis projects in school. One example is where we had a paper company and we used IRR “internal rate of return”. And also did payout and NPV “Net Present Value”. We also worked on an income statement balance sheet and cashflow statement, so I would say that excel is very helpful. We also did ratio analysis.
