Forging a path in global tax technology services - CGMA
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Forging a path in global tax technology services 

Thomson Reuters' Tax and Accounting Director of Client Advisory and Strategy Lauren Kovar combines her passion for technology and her accounting experience to create transformative change in global tax operations.

Strong employer focus

Our syllabus changes are the result of thorough research with employers worldwide that includes the competency frameworks of a large number of employer organisations.

We have used our CGMA Competency Framework to:

  • Determine the changes to the syllabus so that CIMA can provide the business skills employers have requested
  • Update the assessment so we can test key competencies to the global standards employers require.
Generic Finance Competencies
Competencies Syllabus area Minus Button
Technical skills
E1 P1 F1 E2 P2 F2 E3 P3 F3
 
 
Financial accounting and reporting
E1 P1 F1 E2 P2 F2 E3 P3 F3
Cost accounting and management
E1 P1 F1 E2 P2 F2 E3 P3 F3
Business planning
E1 P1 F1 E2 P2 F2 E3 P3 F3
Management reporting and analysis
E1 P1 F1 E2 P2 F2 E3 P3 F3
Corporate finance and treasury management
E1 P1 F1 E2 P2 F2 E3 P3 F3
Risk management and internal control
E1 P1 F1 E2 P2 F2 E3 P3 F3
Accounting information systems
E1 P1 F1 E2 P2 F2 E3 P3 F3
Taxation
E1 P1 F1 E2 P2 F2 E3 P3 F3
Competencies Syllabus area Minus Button
Business skills
E1 P1 F1 E2 P2 F2 E3 P3 F3
 
 
Strategy
E1 P1 F1 E2 P2 F2 E3 P3 F3
Market environment
E1 P1 F1 E2 P2 F2 E3 P3 F3
Process management
E1 P1 F1 E2 P2 F2 E3 P3 F3
Business relations
E1 P1 F1 E2 P2 F2 E3 P3 F3
Project management
E1 P1 F1 E2 P2 F2 E3 P3 F3
Regulatory environment
E1 P1 F1 E2 P2 F2 E3 P3 F3
Macro-economic analysis
E1 P1 F1 E2 P2 F2 E3 P3 F3
Competencies Syllabus area Minus Button
Leadership skills
E1 P1 F1 E2 P2 F2 E3 P3 F3
 
 
Team building
E1 P1 F1 E2 P2 F2 E3 P3 F3
Coaching and mentoring
E1 P1 F1 E2 P2 F2 E3 P3 F3
Driving performance
E1 P1 F1 E2 P2 F2 E3 P3 F3
Motivating and inspiring
E1 P1 F1 E2 P2 F2 E3 P3 F3
Change management
E1 P1 F1 E2 P2 F2 E3 P3 F3
Competencies Syllabus area Minus Button
People skills
E1 P1 F1 E2 P2 F2 E3 P3 F3
 
 
Influence
E1 P1 F1 E2 P2 F2 E3 P3 F3
Negotiation
E1 P1 F1 E2 P2 F2 E3 P3 F3
Decision making
E1 P1 F1 E2 P2 F2 E3 P3 F3
Communication
E1 P1 F1 E2 P2 F2 E3 P3 F3
Collaboration and partnering
E1 P1 F1 E2 P2 F2 E3 P3 F3

How does the competency framework increase employability?

As our syllabus is based on our competency framework, employers can be sure that as a CIMA qualified accountant you will meet their needs. They see you as ‘employable’.

Employers also have the assurance that, as members of CIMA, you abide by a code of ethics and undertake lifelong learning including continuing professional development.

Our research showed that while producing good accounting information is of course essential, you also need to apply financial disciplines in managing a business.

To do this well, you need to have an understanding of the organisation, its business model, its strategic context and its competitive position. You also need people and leadership skills.


The skills you need vary throughout your career

CIMA research findings show the competencies you are expected to have at four levels of proficiency. They are:

Foundational (staff/entry level) | Intermediate (supervisor/manager) | Advanced (senior manager) |Expert (Executive)

Foundational roles require higher levels of technical skills, and less people skills and leadership skills. In more senior roles, there is less emphasis placed on technical skills, and more on business, people and leadership skills.

The structure of the CIMA syllabus has been developed to match this competency mix at different levels within organisations.

  • The operational level of the CIMA syllabus corresponds to foundational
  • The management level of the CIMA syllabus corresponds to intermediate
  • The strategic level corresponds to the early stages of advanced
  •  The CIMA syllabus ends at this point, but support provided by continuing professional development (CPD) products allows members to further develop their skills.

You can see the relative importance of the various competencies in the three levels of the CIMA syllabus below.

 
Technical skills
 
Business skills
 
People skills
 
Leadership skills
 
 
Your
role
Your
audience
Question
types
Competency
weightings
 

Strategic

Senior Manager

CFO and rest of senior management team
Long essays, supported by calculations and analysis
24%
25%
25%
26%

Management

Manager

CFO and senior business managers
Long and short essays, supported by calculations and analysis
39%
24%
21%
16%

Operational

Finance Officer

Manager and product owners
Short essays, supported by calculations and analysis
64%
16%
14%
6%



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