The CGMA Competency Framework is designed to help management accountants, finance professionals and their employers understand the knowledge requirements and assess the skills needed for both current and desired roles. The framework is underpinned by the need for objectivity, integrity and ethical behaviour, and includes a continuous commitment to acquire new skills and knowledge.
The CGMA Competency Framework was developed through three phases of research: face-to-face interviews, round tables and an online survey. The participants were finance and non-finance staff at mid to senior levels, from diverse industries in both the private and public sectors. A total of 130 organisations from across 14 countries participated in the face-to-face interviews. The round tables were held in 20 countries from Asia, Europe, Africa and the Americas. Over 5,000 responses were received to the online survey, including CIMA members, employers, students, the wider finance community, and academics.
The 2019 edition has updated three of the existing four knowledge areas; Technical skills, Business skills and People skills. Leadership skills has remained unchanged and there has been the addition of a new knowledge area; Digital Skills. As well as being a standalone knowledge area, digital skills also permeate throughout the other knowledge areas. These updates directly reflect the findings of the three stages of the research.
Learn how the CGMA Competency Framework was developed, and gain more insight about the role and structure of the finance function and explore the 5 knowledge areas in greater detail.