Chartered Institute of Management Accountants

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Basic experience

Experience gained in this area should be at a 'hands-on' level.

Examples of suitable experience include:

1a Preparing and maintaining accounting records

  • updating the organisation’s ledgers
  • maintaining payroll procedures
  • preparation of a trial balance
  • reconciliations of debtors, creditors, bank balances
  • computation of depreciation charges, VAT returns, accruals and prepayments

1b Statutory and regulatory reporting

  • preparation of annual or interim financial accounts, regulatory or compliance information for the organisation
  • consolidation of the results of subsidiary organisations
  • preparation and review of other government financial returns

1c IT desktop skills

  • developing computer literacy using proprietary software packages, including spreadsheets and databases
  • using the internet and corporate intranets

1d Systems and procedure development

  • involvement in the design, development and implementation of new or replacement systems and procedures
  • review of existing systems and processes as part of an internal or operational audit

Please see the Practical Experience Requirements brochure  (PDF 318KB) for more information.