Embarking on a career in business and finance? The Chartered Institute of Management Accountants (CIMA) is your key to unlocking global opportunities. As the largest organization of management accountants globally, CIMA offers cutting-edge certifications that lead to the prestigious Chartered Global Management Accountant (CGMA) status. In this blog post, we’ll explore the current costs of CIMA exam registration in Nigeria for 2023, providing essential information for aspiring business professionals.
The Importance of CIMA Certification:
With 227,000 members across 179 countries, CIMA is the gold standard in management accounting. Acquiring a CIMA qualification not only enhances your skills but is also recognized by employers worldwide, often seen as a prerequisite for employment in esteemed organizations.
CIMA Certification Levels:
CIMA offers two distinct certifications: the CIMA Certificate in Business Accounting (entry-level) and the CIMA Professional Qualification (Advanced). The entry-level certification covers fundamentals in financial management and accounting, while the advanced level is divided into three pillars, each with three levels, delving into areas like managerial accounting, risk management, and financial planning.
Current CIMA Exam Registration Fees in Nigeria 2023:
To help you plan your CIMA journey, here are the current exam registration fees in Nigeria for 2023 (converted from British Pounds to Nigerian Naira at the official CBN exchange rate of 1GBP = 483 NGN):
- Registration Fees:
- One-off payment or re-registration: £77 or ₦37,191
- Professional gateway assessment: £425 or ₦205,275
- Master’s gateway package: £725 or ₦350,175
- Master’s gateway assessment: £425 or ₦205,275.
- Exemption Fees:
- Certificate in business accounting (per subject): £70 or ₦33,810
- Operational, Management, and Strategic level exams, including objective tests and case study exams, have varying fees.
- Exam Fees:
- Fees also vary depending on the level and type of exam.
- Subscription Fees:
- Students: £110 or ₦53,130
- Annual subscription for fellows, associates, and retired members, among others, have different fees.
It’s essential to note that these prices are subject to change based on exchange rates and may be reviewed by CIMA.
CIMA Alliance with ICAN:
For those who hold qualifications from the Institute of Chartered Accountants of Nigeria (ICAN), there’s a convenient alliance with CIMA, allowing ICAN holders to streamline their path to the final exam of the CIMA Professional Qualification.
Conclusion:
Elevate your career in business and finance by investing in a CIMA certification. As you plan your journey, keep in mind the current exam registration fees in Nigeria for 2023. Stay updated on any changes, and always refer to the official CIMA website for the latest information. Your success in the world of management accounting begins with CIMA. Good luck!