Students’ conditional exemptions for CIMA
FIRST City University College (FCUC) and the Chartered Institute of Management Accountants (CIMA) have signed a Memorandum of Understanding (MoU) in a bid to produce qualified finance graduates with high employability.
The Mou, signed for academic collaboration, will enable students registered under FCUC’s homegrown Diploma in Business Administration, and Bachelor of Science in Accounting and Finance programme to receive conditional exemptions for CIMA’s professional qualification prior to sitting for its exam.
CIMA will be also be offering scholarships worth a total of £2,350 (RM13,277) to students who pursue a CIMA qualification.
With this scholarship in place, the CIMA exam fee - which are £100 (RM565) for diploma students, and £160 (RM904) for degree students - will be sponsored.
First City Corporation director Tan Sri Dr Teo Chiang Liang expressed his thanks to CIMA, saying it would be beneficial for students’ future if they were to sit for the professional body’s exam.
“Graduates of the programmes who decide to complete the CIMA qualification and on becoming a CIMA member (with relevant work experience) will automatically carry the title Chartered Global Management Accountant,” said Dr Teo during the signing ceremony at the varsity’s campus.
He added FCUC will not compromise on quality and would work closely with CIMA to develop programmes that fast tracks students to certification with CIMA qualifications.
FCUC Faculty of Arts and Social Science dean Dr Anne Ho described the opportunity CIMA provided as wonderful and urged students to grab it while they can.
She said students studying for their degree or diploma under the “finance” label can concurrently take CIMA’s paper. They would graduate as a degree or diploma holder, as well as with a CIMA certificate.
“This is a wonderful opportunity for students to gain professional qualification. When they go out to the job market, they will not only have academic qualification, but also a professional qualification,” she said.
Chartered Institute of Management Accountants markets manager Malaysia Ginny Lim said CIMA is on a constant look out for potential working partners to help the government achieve the target of 60,000 qualified accountants by the year 2020.
Lim said CIMA would provide training to FCUC finance lecturers, as well as conduct online study support for the students sitting for its qualification exam.