An ambitious CIMA scheme for employers will offer extra help in training management accountants. By Anthony Doherty
Wednesday 12 February 1997
The new scheme, Training Through Partnership, aims to encourage more employers to provide high quality support to trainee management accountants. In practical terms, a greater range of employers will be given access to support from the institute when training their students.
The range of organisations being invited to take part range from major multinationals and public sector organisations, to small businesses managed by their owners.
Initially, employers will be encouraged to undertake a self-assessment exercise to build up a profile of their training support. Organisations will be monitored regularly to ensure that standards of training are maintained, with CIMA's business development managers making routine visits.
Organisations in the scheme will be certified as either CIMA-recognised, or CIMA quality-approved. CIMA-recognised status will be awarded to those providing training support at a threshold level defined by the institute's quality standards. CIMA quality-approved status will be awarded to those organisations which offer the highest standards of support to their students, and will be available only to employers that show an ongoing commitment, and offer training in line with what CIMA considers to be best practice.
Crucial to the scheme are the quality standards themselves. These describe, in a simple matrix format, the areas in which employers are expected to assist their students. They cover financial and study support, planning for practical experience, and monitoring and review. The matrix-type format helps to give an immediate profile of the training support an organisation is providing. It can be used to provide a framework within which employees and students can agree expectations and responsibilities with regard to training.
The revised standards, which are the result of extensive consultation and field testing, will be useful in many business environments. Mark Flicker, finance director with GEC Alsthom Traction, says: "They offer added value to the organisation, because they provide clear guidelines and standards enabling the development of higher potential employees."
For employees, benefits include a chance to compare training with that of other organisations, to map future objectives, and to integrate finance training with business needs. CIMA also hopes that it will help participating companies to attract and retain good employees.
Keith Porter, finance director of BICC UK Cables, explains the benefits of the scheme. "We have found the quality standards extremely useful for internal benchmarking purposes, establishing uniformity and continuity across departments. The company will also benefit from the external benchmarking information which Training Through Partnership will provide."
For students the scheme has obvious benefits, as it will encourage better training by employers, providing more information on the levels of training support and helping them to gain CIMA membership. However, the emphasis of the new scheme is on a joint approach to training.
Having launched the scheme in the UK, CIMA wants to develop similar schemes in other countries. The standards for CIMA-recognised status will be the same worldwide. However, in order to reflect differences in cultural norms and business conditions between countries, CIMA quality-approved standards will be based on what is considered best practice in each area concerned. Malaysia will be one of the first countries to benefit, followed by South Africa and Sri Lanka.
So, take heart if the goal of CIMA qualification sill seems a long way off. As Steve Matthews, training adviser for CIMA, says: "Training Through Partnership demonstrates the Institute's commitment to and belief in the value of planned training for employers and their students. It should ensure that the best possible support is available to all those training to be management accountants"
Anthony Doherty is director of student affairs at the Chartered Institute of Management Accountants.
Independent Partners; request a free guide on NISAs from Hargreaves Lansdown
- 1 Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
- 2 Frank Lampard equalises for Manchester City against Chelsea: how Twitter reacted
- 3 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 4 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£80 - 100k + Bonus: Guru Careers: A COO / Chief Operating Officer is needed to...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
Day In a Page
A three-bedroom, 15th-century cottage with original features in the picturesque village of Sissinghurst
A six-bedroom terraced house with large south-facing roof terrace, cinema room and wine cellar
A new seven-bedroom home built in Queen Anne-style with swimming pool and parkland views in Mortimer
A listed, four-bedroom farmhouse in the rural hamlet of Rushall with detached barn, four acres of gardens and paddocks
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens
A seven-bedroom Grade II-listed property with a separate self-contained apartment
A five-bedroom Victorian house with three reception rooms and galleried landing, £695,000
A six-bedroom farmhouse with five acres of land in a former cloth-making village
A secluded seven-bedroom detached house with large private garden, £490,000
A three-bedroom cottage overlooking Sarratt village green with open fires and solid oak floors
A three-bedroom maisonette flat in a Grade I-listed, Georgian townhouse in a sought-after location
A one-bedroom apartment located within a private gated development, north of Turnham Green
Look forward to a brighter future at two-bedroom Sunny Cottages, ideal for Londoners looking to downsize