'The venture is a significant landmark in CIMA's history'.
| Author | Baird, Harold |
| Position | A word from the president |
After the game-changing launch of the new Chartered Global Management Accountant (CGMA) designation at the end of January, each of our members is getting used to having additional letters at the end of their name and new associates in the US. If you missed the coverage of the launch on 31 January, you can see the highlights online at www.CGMA.org/launch. It was a day that heralded a new era for CMA.
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The venture between CIMA and the American Institute of CPAs (AICPA) is one of the most significant landmarks in CIMA's history. This alliance combines the strength of the AICPA in North America with CIMA's presence in Europe, the Middle East, Africa, Australasia and Asia. The AICPA is the largest professional accountancy body in the world and CIMA is the largest institute representing management accountants--so we are in good company. As a result, the CGMA designation provides a truly global profile for management accountants and will further enhance our members' reputation as experts in identifying and maintaining business value.
In the fast-paced business environment, management accountants provide the discipline and insight to propel businesses to long-term success. As an increasing number of organisations utilise our members as business partners, the role of management accounting is being moved to centre stage. With the strength of CIMA and the AICPA behind it, the CGMA will further raise the profile of the value that management accountants add to creating sustainable business success around the world.
Many business leaders already acknowledge the significance of the CGMA as a truly global designation. At the end of last year, CIMA and the AICPA jointly commissioned independent research from Oxford Economics. The survey covered almost 300 CEOs from businesses around the world. One of the findings was that 80 per cent of CEOs in our survey indicated that a candidate with this designation would be more appealing to their organisations than those without it, and 75 per cent said that they would want their existing finance employees to obtain it. So...
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