Finance for engineers – discount for Engineers Ireland members
21 April 2015
CIMA Ireland has aligned for the delivery of the CIMA Certificate in Business Accounting to Engineers Ireland members. A fundamental grounding in business and finance is essential for all engineering professionals operating in today’s challenging business environment. The CIMA Certificate is ideal for those new to the world of finance, providing an understanding of the uses of accounting information in planning, controlling and decision-making.
All Engineers Ireland members are exempt from one of the five modules – business mathematics (C03). Members with additional relevant qualifications may also be eligible for more exemptions.
For more information visit our website at www.cimaglobal.com/engineersireland.
Niamh Donagh is a manager with management consulting practice Accenture, with a focus on the products industry. She has a BSc in industrial engineering and information systems from the National University of Ireland, Galway. As a student, under the Laing O’Rourke scholarship programme, she completed an internship in construction management in London. Since completing the CIMA Certificate in Business Accounting, Donagh has been promoted where she is more involved in pricing and managing project budgets.
Coming from an engineering background but working in business management, I realised that understanding financial management would be important to my progression. The key was to find a reputable course, with flexible study options. CIMA was consistently recommended by my peers. In particular, the CIMA certificate in business accounting appealed as a course to provide a basis in management accounting and a good platform for further study for those coming from a non-financial degree.
How has the certificate supported your work?
The certificate has helped with the financial element of my role including budgeting, mechanisms for costing and variance analysis. My role includes quantifying financial benefits, costing proposed changes and developing investment cases. I now have a better understanding of the overall impact of changes in terms of business’ cash flow, cost control and planning.
How did you find studying CIMA?
I had to manage my time more effectively while working full time to study efficiently and this was a valuable skill that is not limited to the certificate. I used the online study resource and found the assessments at the end of each section very helpful in preparing for the exams, which are also computer based. The classroom revision session for some modules brought the content to life for me.
Would you encourage others to sit the CIMA certificate in business accounting?
In my view, it would be of benefit to any businesses for their employees to understand the drivers of revenue, costs and profits and how they are calculated and measured. Courses such as the CIMA certificate are a first step in gaining this understanding and can be a good foundation to build on.
Is CPD important to you?
Yes, all professionals should keep their skills fresh and relevant to the market place through continuous learning whether that is in the form of formal training, industry groups or other avenues. CPD is a vital part of building the skills for career progress.
Would you consider pursuing the CIMA professional qualification?
This is something I am considering as I can see the benefit that it would have for my career in providing further insight into business management and decision-making.
Find out more
CIMA is hosting a number of open evenings throughout the country in June. This will be an ideal opportunity to come and speak to CIMA advisors about the CIMA Certificate in Business Accounting. Watch out for event dates on the CIMA Ireland website, www.cimaireland.com. Alternatively, if you wish to find out more information, please email email@example.com or phone 01 6430400.http://www.engineersjournal.ie/2015/04/21/cima-business-accounting-engineers/http://www.engineersjournal.ie/wp-content/uploads/2015/04/Finance.jpghttp://www.engineersjournal.ie/wp-content/uploads/2015/04/Finance-300x300.jpgNewseducation,Engineers Ireland,finance