CMA qualification get momentum
in the Middle East.
Certified
Management Accountant (CMA) offered by the Institute of Certified Management
Accountant (ICMA) under the roof of the Institute of Management Accountant (IMA),
USA gain popularity in the Middle East evidenced by the growing number of
IMA members from the region. Out of 11,500 international members of the IMA,
1,534 are located in UAE alone. IMA enjoys a global membership of over
70,000 professionals in management accounting and financial management.
The Dubai
Chamber of Commerce & Industry (DCCI), Dubai University College, and the
IMA jointly hosted a reception to IMA members in the region, at Dubai
Chamber of Commerce & Industry building on Wednesday, March 16, 2005.
Severin Wilson, Assistant Vice President, International Development, IMA;
Jeffrey Albrechtson, Manager, International Development, IMA were also
present in the reception. Dubai Chapter of IMA which is sponsored by Dubai
University College is going to more actively involve in the development of
the profession in this region.
With a
worldwide network of nearly 70,000 professionals, IMA is the world's leading
organization dedicated to empowering management accounting and finance
professionals to drive business performance. IMA provides a dynamic forum
for management accounting and financial professionals to develop and advance
their careers through certification, research, practice development
education, networking and the advocacy of the highest ethical and
professional practices. For more information about IMA, visit
www.imanet.org.
The Certified Management Accountant (CMA) credential is an
advanced accountancy certification and is designed for management
accountants and finance professionals who drive business performance from
inside organizations. With as many as 85 percent of the world's accountants
working inside organizations, management accountants and finance
professionals are the corporate guardians of today and the future.
Potentially as many as 80 percent of those who enter public accounting
eventually leave to work in industry, and the CMA program best prepares
these professionals for the transition to a more advanced, strategic role
within an organization. The Certified Public Accountant (CPA) is an
excellent certification, but the CMA is an advanced credential and is more
appropriate for senior financial executives working within organizations.
All high-level finance function professionals, regardless of whether or not
they hold an entry-level designation like the CPA or an advanced degree such
as the master of business administration (MBA), should be required to hold
the CMA; without the CMA these professionals are not properly prepared to
perform more strategic, value-driven roles.
Press Release issued on March
15, 2005 by The Institute of Management Accountants (IMA), concludes that
it is time to rebalance the accountancy profession both in the United
States and abroad. IMA is committed to protecting business and society by
assuring that the professionals working inside organizations performing the
decision support, planning and control functions for the value-creating
operations are ethically sound and appropriately qualified, making the right
decisions and building quality financial and governance practices inside
organizations.
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