First City University College, CIMA forge academic partnership | Latest News

Petaling Jaya: First University University College (UC) and Chartered Institute of Management Accountants (CIMA) has signed a Memorandum of Understanding (MoU) for academic collaboration and mutual cooperation.

By virtue of this association, students who enrolled for the Diploma in Administration and Bachelor's (with honors) in Accounting and Finance in the first city UC conditional exemption received for the professional qualification CIMA before leaving for the CIMA exam.

The Graduate in Business Administration graduates have the opportunity to obtain the CIMA Certificate in Business Accounting, and Accounting (Hons) and Finance also received conditional exemptions to obtain the CIMA diplomas in the management accounting, while studying to the First Commission of the city.

In addition, CIMA scholarships for a value of 2,350 £ (RM13,000) offers students the first city of the UC who want to take a CIMA degree.

In the ceremony of the signature yesterday the first city UC represented by the director of First Corporation of the City Tan Sri Dato Dr. Teo Chiang Liang and general manager Yeong Yin Cheng, while CIMA is represented by the market manager of CIMA Southeast Asia Malaysia Ginny Lim.

This MoU is another milestone for the first UC city, as it is recognized as a college in 2015.

Teo said: "This cooperation is favorable to our curriculum, the BSC (Hons) Accounting and Finance and our Diploma in business management programs.

"Graduates of our BSc (Hons) Degree in Accounting and Finance, who have decided to complete the CIMA qualification and become (with appropriate experience), will automatically bring the CGMA-Member of Global Account Management a member of CIMA.

"First City UC will work in close collaboration with the CIMA to develop programs that our students can quickly find to certify with CIMA titles without compromising the quality of the results."

The students of Accounting and Finance and Business Administration, according to Teo, are therefore very fortunate to have this CIMA subject exemption agreement, since it will prepare the graduates and will be used immediately after graduation.

"I would like to thank CIMA for this collaboration and look forward to a long-term partnership," he added.

To keep up with the landscape and constantly changing business trends, the Faculty of Sciences of Art and Social Sciences of First City, UC, is presenting new degree programs, specially designed to meet the needs and Industry demands, which will improve the employability of its graduates.

Four of his Bachelor's degrees (Hons) Business Management, BSc (Hons), Accounting and Finance, BA (Hons), Marketing and Master of Business Administration (MBA) have been made available, working with the partner university of the United Kingdom. Anglia Ruskin University (ARU).

Students taking these programs will receive two-way certificates: one from First City UC and one from ARU. This dual prize will provide them with the recognition and validation of two higher education providers, which will give them an advantage that distinguishes them from their peers.

In addition, the teaching staff launched three new titles as of this month of September, which is the BA (Hons) Mass Communications as a pathway for their existing diploma program in the same field of study; the international business of BA (Hons); and a degree in Business Sciences with Psychology (Hons).

Students who request these new programs may benefit from the 'Inaugural Incentive', subject to the terms and conditions.

CIMA P1 Exam Brainddumps | Dumps4download.com

Question No 3:

A certificate of deposit is best described as:


Options

A. A debt instrument which offers a fixed rate of interest over a fixed period of time and with a fi xed redemption value.
B. A negotiable instrument which provides evidence of a fixed term deposit with a bank.
C. A document which sets out a commitment to deposit a sum of money at a specified point in ti me.
D. A certificate which shows ownership of part of the share capital of a company.

Answer: B

Latest And Valid P1 Management Accounting Exam Questions - Dumps4Download

Question No 2:

 A company is considering offering its customers an early settlement discount. The company currently receives payments from customers on average 65 days after the invoice date. The company is considering offering a 2% early settlement discount for payment within 30 days of the invoice date. The effective annual interest rate of the early settlement discount using compound interest methodology and assuming a 365 day year is:

A. 22.94%
B. 20.86%
C. 23.45%
D. 27.85%

Answer: C

UK-based CA Courses Get Popular with City Students

UK-based CA Courses Get Popular with City Students

Accounting certifications offered by the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accounts (CIMA) issued by various agencies in the UK are gaining popularity among students.

Although public accountant (CA) course is sufficient to provide good employment opportunities, students who aspire to work abroad and take excellent opportunist available work multinationals are willing to spend a lot to ACCA study and CIMA in the institutes city accredited .

Many students who have completed class XII intend to seize these opportunities and start their careers. But industry experts suggest otherwise.

"ACCA is considered an internationally recognized financial certification and acceptance in more than 170 countries.The program them is consistent with that of International Financial Reporting Standards financière.Les chief financial officers (CFOs) in the world is a staff qualified ACCA" Paul said TJ, associate Director, Group VidyaBharathi institutions.

He said that while it was mandatory for students appearing for the examination of common competition (CPT) before proceeding with the AC, no such tests of access for ACCA. Unlike CA, ACCA has no system of group and students can write each item separately.

In addition, the general belief is that the Institute of Chartered Accountants of India (ICAI), the governing body imposes severe restrictions on the number of students who pass the exams each year. Students are very happy to accept CA. The mandatory three-year commitment after completing the course is not flattering, "he added.

Students who have completed class XII can follow the ACCA. 14 documents should stop. CIMA is more about management and accounting. Students appearing for this certification after class XII written 17 articles, including (14 documents and three case studies). ACCA and CIMA courses can be completed within three years.

According accredited institutions, CIMA is like a combination of ICWA and MBA courses offered in India. "The CIMA is higher than the ACCA level," Paul said. ACCA and CIMA provided by organizations in the UK.

The first three documents are computer ACCA exams. These tests are in sight and no restrictions of time or number of attempts. The rest of the documents are in write mode and carried out by an authorized inspection center for ACCA normally focuses the British Council worldwide. The service is available to Kochi. For CIMA, students can take the test at any time. But they can not study the case after finishing a pillar.

"Students can enroll in these courses online, and directly with the institutes to étranger.Les fees must be paid in sterling," Lakshya Jayakrishnan CA Campus, Kochi said. According to him, accredited institutes offering training costs about Rs 4 lakh for ACCA three years. "This includes the registration fee, examination and training," he added.

Dumps4download P1 Management Accounting Exam Questions

Question No 1:

Which ONE of the following is NOT considered to be a cost of holding inventory?

A. Loss of goodwill as a result of being unable to complete customer orders due to lack of inventory
B. Insurance cost of inventory
C. Storage cost of inventory
D. Interest on cash invested in inventory

Answer: A