DFB RANEPA partners with CIMA for MBA programs

22 December 2021
DFB RANEPA partners with CIMA for MBA programs

RANEPA Department of Finance and Banking (DFB) has become an academic partner of the UK-based CIMA Institute for the Master of Business Administration programs Digital Banking and Finance, and Business, Accounting and Law. Graduates of the accredited MBA programs will be exempted from taking the P1 and P2 exams in Russian; until 2020, those were compulsory steps before taking the CIMA Professional Qualification Case Study exams.

The Chartered Institute of Management Accountants (CIMA) of the United Kingdom of Great Britain and Northern Ireland has a rich history and currently holds a leading position among professional international associations in performance management *.

Cooperation between DFB RANEPA and CIMA began in December 2012 with the signing of a partnership agreement, when CIMA Financial Accounting Essentials and CIMA Management Accounting Essentials courses were integrated into the bachelor’s programs curricula. DFB organized preparation for international English exams at independent certification centers. Further cooperation between DFB and CIMA led to a 2016 agreement to implement a unique master's program in Economics, Finance: International Accounting and Management Technologies (updated title Business and Financial Management Solutions).

In 2021, the MBA programs on Digital Banking and Finance, and Business, Accounting and Law completed the accreditation process at CIMA. CIMA courses were integrated into the curricula of both programs.

Students of accredited MBA programs can obtain international qualifications faster – candidates need to take only one Case Study Exam in Performance Management. After passing the level, candidates gain qualification certificates in both Russian and English:

  • CIMA Performance Management Diploma in Russian

  • CIMA Advanced Diploma in Performance Management

“The CIMA courses, integrated into our MBA programs, will help students develop a coherent system from their prior experience and knowledge by adding relevant information and a new vision of how a successful company should operate in the modern world,” said Tatyana Lisitskaya, Associate Professor at the Department of Accounting, Economic Analysis and Audit, PhD, Cert PM Rus.

The Case Study Exam in Performance Management assesses the application of knowledge to real world scenarios. A successful candidate must demonstrate their knowledge, skills and methods, and the ability to combine all three to solve unstructured problems. By passing the exams, candidates confirm their professional competence at the international level.

* CIMA and AICPA (American Institute of Certified Public Accountants) have jointly developed The Global Management Accounting Principles ©, which improve corporate decision-making, help respond to risks and protect assets, and generate more value for community.

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