Qualified support

An ambitious CIMA scheme for employers will offer extra help in training management accountants. By Anthony Doherty

CIMA's pass list is to be published this week in the Independent on Sunday: an emotive moment for the anxious candidates. But a good time also to spare a thought for those students who are receiving extra help in gaining their qualification. Under a scheme launched by the institute last month they will be able to benefit from increased training support.

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

Dawkins: 'There’s a very interesting reason why a prince could not turn into a frog – it's statistically too improbable'
newsThat's Richard Dawkins on babies with Down Syndrome
Club legend Paul Scholes is scared United could disappear into 'the wilderness'
Life and Style
food + drink
Malky Mackay salutes the Cardiff fans after the 3-1 defeat at Liverpool on Sunday
footballFormer Cardiff boss accused of sending homophobic, racist and messages
Finacial products from our partners
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Money & Business

    Technical Consultant Configuration, SQL, SQL Server

    £55000 - £65000 per annum + BONUS + BENEFITS: Harrington Starr: Technical Cons...

    Lead Business Analyst - Banking - London - £585

    £525 - £585 per day: Orgtel: Lead Business Analyst - Investment Banking - Lond...

    Business Analyst / Project Manager - Financial Services

    £40000 - £45000 per annum + BONUS + BENEFITS: Harrington Starr: One of the mos...

    Lead Business Analyst - Banking - London - £585

    £525 - £585 per day: Orgtel: Lead Business Analyst - Investment Banking - Lond...

    Day In a Page

    Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

    We know all too much about the cruelty of Isis – but all too little about who they are

    Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
    Neanderthals lived alongside humans for centuries, latest study shows

    Final resting place of our Neanderthal neighbours revealed

    Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
    Scottish independence: The new Scots who hold fate of the UK in their hands

    The new Scots who hold fate of the UK in their hands

    Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
    Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

    Blight club: Britain's ugliest buildings

    Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape
    eBay's enduring appeal: Online auction site is still the UK's most popular e-commerce retailer

    eBay's enduring appeal

    The online auction site is still the UK's most popular e-commerce site
    Culture Minister Ed Vaizey: ‘lack of ethnic minority and black faces on TV is weird’

    'Lack of ethnic minority and black faces on TV is weird'

    Culture Minister Ed Vaizey calls for immediate action to address the problem
    Artist Olafur Eliasson's latest large-scale works are inspired by the paintings of JMW Turner

    Magic circles: Artist Olafur Eliasson

    Eliasson's works will go alongside a new exhibition of JMW Turner at Tate Britain. He tells Jay Merrick why the paintings of his hero are ripe for reinvention
    Josephine Dickinson: 'A cochlear implant helped me to discover a new world of sound'

    Josephine Dickinson: 'How I discovered a new world of sound'

    After going deaf as a child, musician and poet Josephine Dickinson made do with a hearing aid for five decades. Then she had a cochlear implant - and everything changed
    Greggs Google fail: Was the bakery's response to its logo mishap a stroke of marketing genius?

    Greggs gives lesson in crisis management

    After a mishap with their logo, high street staple Greggs went viral this week. But, as Simon Usborne discovers, their social media response was anything but half baked
    Matthew McConaughey has been singing the praises of bumbags (shame he doesn't know how to wear one)

    Matthew McConaughey sings the praises of bumbags

    Shame he doesn't know how to wear one. Harriet Walker explains the dos and don'ts of fanny packs
    7 best quadcopters and drones

    Flying fun: 7 best quadcopters and drones

    From state of the art devices with stabilised cameras to mini gadgets that can soar around the home, we take some flying objects for a spin
    Joey Barton: ‘I’ve been guilty of getting a bit irate’

    Joey Barton: ‘I’ve been guilty of getting a bit irate’

    The midfielder returned to the Premier League after two years last weekend. The controversial character had much to discuss after his first game back
    Andy Murray: I quit while I’m ahead too often

    Andy Murray: I quit while I’m ahead too often

    British No 1 knows his consistency as well as his fitness needs working on as he prepares for the US Open after a ‘very, very up and down’ year
    Ferguson: In the heartlands of America, a descent into madness

    A descent into madness in America's heartlands

    David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
    BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

    BBC faces corruption allegation over its Sir Cliff police raid coverage

    Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home