It took many steps to reach CIMA’s centenary. Here are some of the key ones:
1919: The Institute of Cost and Works Accountants (ICWA) is founded, with 37 members by the end of 1919. Entrepreneur Lord Leverhulme becomes the Institute’s first president in December 1919.
1920: The first examination is held in December.
1921: The first female member, Miriam Neale, is admitted to the Institute.
1936: The number of active members reaches 1,000.
1937: “Costing Terminology”, which established the science of cost accounting until the mid-1970s, is published in The Cost Accountant, the Institute’s journal.
1942: First Institute exams sat by British servicemen being held in Germany’s prisoner-of-war camps.
1955: First international office opens in South Africa.
1969: The Institute appoints an Overseas Affairs Committee to advise on its development “as an international body”.
1972: The Institute changes its name to the Institute of Cost and Management Accountants.
1975: The Institute is granted a Royal Charter.
1986: The Institute changes its name to the Chartered Institute of Management Accountants.
1995: CIMA members are given the right to use the title Chartered Management Accountant.
1999: The number of active members reaches 50,000.
2003: The Institute elects its first female president, Claire Ighodaro.
2012: The Chartered Global Management Accountant (CGMA) designation is introduced in partnership with the American Institute of CPAs.
2014: The CGMA Competency Framework is published.
2014: The Global Management Accounting Principles are launched.
2015: Examinations move to computer and on demand.
2015: The number of active members reaches 100,000.
2017: The Association of International Certified Professional Accountants is formed on 1 January with more than 650,000 members in 177 countries.
2019: The 2019 CIMA Professional Qualification Syllabus and updated CGMA Competency Framework are launched.
