HERO The Chartered Institute of Management Accountants
2016 Integrated Report

Accounting in extraordinary times

This microsite gives the story of our year, plus an overall view of the organisation and the external environment in which we operate.

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Accounting in extraordinary times

President's Message – Andrew Miskin

“This was the year when an overwhelming majority of voting CIMA members endorsed the organisation's proposal to join forces with the American Institute of Certified Public Accountants, and create a new Association which would represent management and public accounting, and the full breadth of the profession.”

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Creating trust, prosperity and opportunity

Chief Executive's Review – Andrew Harding

“CIMA's business model remains consistent: we work to acquire students; deepen our relationship with them; retain them as qualified members; and fulfil, by providing so much value to our stakeholders that they go on to become advocates for us.”

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Meeting the business needs of the future

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Member

“CIMA has remained relevant and pertinent. The qualification gives you a broad understanding of business. It also gives you the opportunity to work in business while you're studying. I'd go for CIMA every time.”
Andrew Higginson, Chairman, Morrisons

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Student

“After completing CIMA, I want to progress into being a very good finance business partner.”
Asmitha Tawade, CGMA student

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Student

“The great thing about CIMA is that it gives you a framework to think about the challenges businesses face on a day-to-day basis.”
Maisie Jenkinson, CGMA student

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Member

“The great thing about CIMA is the network. Coming in, straight from the UK to the US, CIMA helped me meet peers, discuss topics, and get myself in tune with the US market.”
Gareth Parkin, Head of Finance and Control, North America, The Linde Group

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Governance - Gail Stirling

“Getting the approach and the culture right is key. Once you have a sound system of governance in place, you have stability in an organisation. Our partnership with the American Institute of Certified Public Accountants is already working. Our members can enjoy the best of both worlds.”

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External Environment – Irene Teng

“These shifts have huge implications for CIMA and the accountants who hold and study for our qualifications.”

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Strategy and KPIs

“Our strategy maps out how we deliver the four elements of our business model. Our KPIs measure whether we are doing this successfully.”

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Business Model – Noel Tagoe

“Business models are very important for organisations, because they show how an organisation makes money. An example is the financial crisis from 2008, from which the world is still recovering. It has been blamed on a failure of governance, failure of risk management, and the lack of knowledge of senior leaders in business models. If organisations don't understand their business models, they are likely to fail.”

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The New Association – Kimberly Ellison-Taylor

“I have seen first hand the strength of those two parts of the profession working together and – as a CGMA and a CPA – it is why I am so passionate about our new Association of International Certified Professional Accountants. It creates tremendous opportunities to meet the challenges of our complex, volatile times.”

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