The Chartered Institute of Management Accountants is a leading membership body that offers an internationally recognized professional qualification in management accountancy, which focuses on accounting for business. CIMA Began life in 1919 as The Institute of Cost and Works Accountants. Since then CIMA has grown to become one of the largest international accountancy bodies with nine offices, eight branches and 16 contacts around the world, representing 164,000 students and members in 161 countries. A Royal Charter was granted to it in 1976. CIMA members can use the initials ACMA with their names.