Chartered Institute of Management Accountants

04 May 2006

The Chartered Institute of Management Accountants, the largest international professional accountancy body with a sole focus on business, is delighted to announce the publication of its 2005 CIMA Annual Review which, as a first among professional  accountancy institutes, outlines its plans in a manner consistent with the principles of the UK Operating and Financial Review.

Ian Christison, CIMA President, said:

“We have recorded another tremendously successful year which we believe is based on our ongoing focus on accountants in business.”

He added:

“Maintaining our lead as the fastest growing UK-based accountancy body in membership terms in the UK and Republic of Ireland and building on our financial strength to continue to expand our support to our members, students and their employers across our markets, we have chosen to report our performance in a bold, meaningful and forward-looking way, based on five clearly defined KPIs.”

Charles Tilley, CIMA Chief Executive, said:

“While we were somewhat disappointed that the Chancellor removed the statutory requirement for an OFR, we do believe that narrative reporting is a critical part of an organisation’s overall communication with its stakeholders. As a strong advocate of the OFR, we feel we can do no less than demonstrate tangible proof of our commitment to OFRs in our own narrative reporting.  ”

Highlights of CIMA’s success in 2005 include:

• Remaining the fastest growing member body of the Consultative Committee of Accountancy Bodies (CCAB) in the UK/Republic of Ireland with 4% growth in 2005;
• A 70% increase in employer partnerships;
• An increase in reserves to allow more flexibility to invest in CIMA’s future;
• A 79% membership satisfaction rating (15% thought the service they receive from CIMA was fair, 2% said poor and 4% didn’t make a statement);
• The development of significant relationships in China and India while further developing CIMA’s core markets;
• The announcement of the development of a Centre of Excellence for CPD in 2006;
• Further plans to advance the boundaries of the science of management accountancy

For more information see CIMA Annual Review 2005.

- ENDS -

For further information, please contact:

Lottie Muir
Press & PR Manager
CIMA
+44 (0) 20 8849 2407
Lottie.muir@cimaglobal.com

Notes to editors

1. CIMA (the Chartered Institute of Management Accountants) is the only international accountancy body with a sole focus on business.  It is a world leading professional institute that offers an internationally recognised qualification in management accountancy, focusing on accounting in business, in both the private and public sectors. CIMA is the voice of over 155,000 students and members in 155 countries and is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body.  CIMA prides itself on the commercial relevance of its syllabus, which is in tune with the activities of high performance organisations, and evolves continually to reflect the latest developments in global business.  It is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy.  For more information about CIMA, please visit http://www.cimaglobal.com/

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