Anyone got their results today?

 

I'm not but my housemate has just completed foundation and a couple of intermediate exams.

How did you get on?

Chris

 

No idea. Missed the morning post.

Wish your house mate the best.

J

 

I'm an Associate member of CIMA. Having passed all my exams in 96/97 I didn't get round to completing and submitting my logbook until 2000. I found it a bit of a rip off by CIMA as after 1/2years they charge you the full Associate rate.

I have yet to see what all the hard work and £149 fee a year does for me. All courses they offer are down London.

On another note, They always put the 'CIMA negotiated loans' as a seperate leaflet in the monthly magazine. Being Accountants anyone taking up such finance should be struck off as you can get much cheaper finance elsewhere. LOL!!

Damian.

 

He gets his emailed to him, so he got them yesterday. I can find out how he did it if you like.

good luck

Chris

 

SPEN555,

Your employer might reimburse you for your subs.

Alternatively, you can claim it as a cost on your next self assessment tax return (assuming you do one).

You could even do both if you wanted to, but that would be dishonest.

(PS. this was suggested to me at an AT evening class, back in '94/'95!)

I have kept mine going as without it, you are #not allowed' to use the letters ACMA!

I never read the magazine but it sure 'looks' a hell of a lot better these days!!!

I did not bother filing my log book until 5 years after passing the exams as there was no 'incentive'.

However, if you don't do it within 5 years they threaten you with the chance of being struck-off (or something similar).

They do it in a nice way though and send you sooooo many reminders*, in the end I just bit the bullet and did it. Not too hard really.

* I am sure that they have an interest in keeping the associate member numbers as high as possible to show how 'strong' the institute is in comparision to others.

Good luck with you results guys. I know how miserable those cramming months can be!

A+

 

Stephen,

Fat chance of my company paying for my fee's.

I did look into having my tax code changed but at the moment I don't do a tax return and £149 @ 22% would only save me £32.78 a year. Coupled with having to declare Interest received and Dividends which are deducted at source with 20% I would probably owe the Inland Revenue the 2% difference. So I can't see me being better off.

Damian.

 

I'm not 100% sure, but I thought you could offset the full amount against your total tax bill and thus get 100% relief?

PS. 100% relief (ooh-er Missus!)

 

Stephen,

100% relief well that would make a difference.

This is a good example of where CIMA could easily develop an on-line database for members to use and search when it comes to such uncertainty. That way the yearly fee would be of some use.

Damian.

 

There is some kind of official bbs I believe.

http://www.cimaglobal.com/forums/

 

Stephen,

Just tried to log on and it would not let me in. I haven't used it for months Lol!! I've e-mailed them and will have a look again later.

Cheers.

Damian.