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CIMA – Who we are What do employers want? What is Commercial Awareness? Why is it important?

Objectives. CIMA – Who we are What do employers want? What is Commercial Awareness? Why is it important? Where can I can information and what would be useful? Demonstrating commercial awareness Exercise. CGMA is the new global designation for management accountants

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CIMA – Who we are What do employers want? What is Commercial Awareness? Why is it important?

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  1. Objectives • CIMA – Who we are • What do employers want? • What is Commercial Awareness? • Why is it important? • Where can I can information and what would be useful? • Demonstrating commercial awareness • Exercise

  2. CGMA is the new global designation for management accountants What will this do for your career? More power to your CV More job opportunities More global connections. CIMA now gives you more www.cgma.org

  3. The Role of the Management Accountant

  4. Employer partners Anywhere, any sector..

  5. What is Commercial Awareness? An understanding of what is happening in the business world, in the Economy, and how it affects you and businesses. • Knowledge of business issues around us • Ability to form opinions and views on issues • Understanding the issues facing the industry you wish to work in • Appreciation of business stories and their impact on a wider scale • Appreciating economic issues and concerns

  6. Why is it important? • Demonstrates commitment to a particular job and company • Improves discussion opportunities in an interview • Often set as a criteria for selecting candidates • Utilises your analytical skills • Enables you to form opinions and forms part of a continual • learning process • Widens your knowledge of a particular industry or company

  7. Professional Bodies Industry Publications Newspapers Websites Work Experience – placements, voluntary, societies Company annual reports Where can I gain information?

  8. Economic Climate – from a personal and business point of view What impact might the political environment have on businesses? Industry sectors – what issues do they face? How are companies structured? What does a company do? How do you measure the success of a business? How does a company attract and keep it customers? Why are businesses concerned about their social responsibility? What is globalisation – has business responded? What would be useful information?

  9. Demonstrating Commercial awareness • On your application form • Examples from your work experience • Positions of responsibility • Group / Individual Exercises • Commercial Scenarios • Commercial implications / benefits • Best value does not always mean the lowest cost • Interview • Tell me about a particular business story you have read about recently. • What changes have there been in our industry recently?

  10. Demonstrating Commercial awareness • Hints and tips • Regularly read business or financial press e.g. The Times, Economist • Perform a SWOT or PEST analysis on an industry or company of interest • Review a company’s annual report • Employers business websites • Institute/Government websites • Careers Service • Business Games – The CIMA Global Business Challenge

  11. The Retail Industry...... What have been the issues facing the organisation recently? What impact has that had on how they operate? What do you know about the company? How much knowledge can you gain? What would be useful information? Exercise – Industry Knowledge

  12. Economic Climate – from a personal and business point of view What impact might the political environment have on businesses? Industry sectors – what issues do they face? How are companies structured? What does a company do? How do you measure the success of a business? How does a company attract and keep it customers? Why are businesses concerned about their social responsibility? What is globalisation – has business responded? What would be useful information?

  13. Teamworking • Communication • Listening • Data analysis • Leadership • Planning • Initiative • Time management Skills and attributes used… • Decision making • Problem solving • Influencing • Strategy • Working under pressurised conditions • Creativity • Enthusiasm • Professionalism • Commercial Awareness

  14. Register your details with us today for more information Visit www.cimaglobal.com/studywithus Careers fairs www.cimaglobal.com/studentevents Facebook – CIMA Jason London Visit www.cimaglobal.com/mygradjobs On-campus careers advisers

  15. Keep In the loop www.facebook.com/cimauk

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