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Recognition Policy for CIMA members
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The Institute of Chartered Accountants in Australia (the Institute) and the Chartered Institute of Management Accountants (CIMA), UK, continue to explore ways to strengthen their strategic alliance for the mutual benefit of their members.  
 
In 2002 CIMA announced the new pathway for members of The Institute to obtain the Advanced Diploma in Management Accounting and ultimately enter full professional membership. 
 
The Institute has now finalised its new policy on the recognition of CIMA members, the requirements for them to gain the award of Graduate Diploma of Chartered Accounting (GradDipCA) and ultimately enter into membership of the Institute. 
 
It is recognised that CIMA members have completed relevant examinations and practical experience and gained a qualification with a focus in management accounting. In general, to gain entry to the Institute, applicants are required to be degree holders. However, all Associate and Fellow members of CIMA, whether they hold a degree or not, are given recognition by the Institute for entry into the Chartered Accountants Program.  
 
To apply for membership of the Institute, CIMA members are required to: 

  • Complete bridging studies at an accredited university; and 
  • Pass the GradDipCA (exemption may apply); and 
  • Satisfy the specific practical experience requirements of The Institute (as they relate to both the Chartered Accountants Program and membership); and 
  • Provide other information as specified in the By-Laws and Regulations of the Institute.
CIMA members can apply for an exemption from one module of the GradDipCA - Management Accounting and Analysis. CIMA members undertaking the Chartered Accountants Program are able to purchase the candidate learning pack (CLP) for the module from which they are exempt. 
 
The experience that CIMA members have previously gained can be counted towards the prerequisite service required for enrolment into the Chartered Accountants Program. It also helps to reduce the overall period of accredited and mentored service that forms part of the requirements for membership of the Institute. 
 
On successful completion of the Chartered Accountants Program a Graduate Diploma of Chartered Accounting is awarded by the Institute. This qualification can provide credit towards further postgraduate study. 
 
After completing the Chartered Accountants Program and the required period of accredited and mentored practical experience, CIMA members can make an application to become members of the Institute. 
 
A detailed explanation of the steps for CIMA members to become an Australian Chartered Accountant is available in this document.