Monday, February 16, 2009

Arati Porwal

Arati Porwal, Chief Representative, CIMA
February 16, 2009, 3.30 pm

1 comment:

Murali said...

Mumbai, 9 January 2009

CIMA signs mutual agreement with Indian accountancy body

CIMA (The Chartered Institute of Management Accountants) and ICWAI (The Institute of Cost and Works Accountants of India) have signed an historic agreement to allow mutual advanced entry for students into both of the accountancy bodies’ professional examinations.

The MoU (Memorandum of Understanding) was signed by Kunal Banerjee, President, ICWAI, Sanjay Bhargave, Chairman, Training Education Facilities & IT Committee, ICWAI, CIMA’s President Glynn Lowth, CIMA’s Chief Executive Charles Tilley and Robert Jelly, CIMA’s Director of Education.

The MoU between CIMA, the only international professional body with a sole focus on training finance professionals in business and government, and the ICWAI, India's leading management accounting body, has been agreed by the governing bodies of both Institutes and also by the Indian Ministries of Corporate Affairs and External Affairs.

This agreement will serve to both strengthen the professional accounting links between two of the world’s leading economies and provide highly skilled professional accountants for the global labour market enabling both institutes to work together to enhance recognition of the profession and their professional bodies.

The MoU introduces a new CIMA Professional Gateway examination (available from May 2009) for ICWAI students who have successfully completed the whole of the ICWAI professional examination, enabling a ‘fast track’ route into CIMA’s Strategic level examinations, final tests of professional competence and ultimately CIMA Membership. CIMA students wishing to gain Membership of the ICWAI have a ‘fast track’ route to ICWAI Membership.

The CIMA President Glynn Lowth said in London:

“Management accountancy is a truly global profession and the signing of this Memorandum of Understanding reflects this. This historic collaboration with our Indian colleagues will enable both institutes to highlight the benefits of a professional management accountancy qualification, to share best practice and to train and develop the global business leaders of the future.”

Kunal Banerjee, President of ICWAI, commented:

“The MoU with CIMA heralds an era of opening up of globalisation for Indian students. Never before have Indian students had an opportunity on this scale to attain international accounting recognition at such a fast pace. We believe we have taken India closer to the nucleus of global management accounting with this MoU."


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Notes to Editors

Further details will be available from the website week beginning 12 January 2009

The Chartered Institute of Management Accountants, founded in 1919, is the world’s leading and largest professional body of Management Accountants, with 164,000 members and students operating in161 countries, working at the heart of business. CIMA members and students work in industry, commerce and not-for-profit organisations. CIMA works closely with employers and sponsors leading-edge research, constantly updating its qualification, professional experience requirements and continuing professional development to ensure it remains the employers’ choice when recruiting financially-trained business leaders.

CIMA is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy. CIMA is proud to be the first professional accounting body to offer a truly global product in the fast-moving area of Islamic Finance.

According to independent research conducted by the University of Bath School of Management, CIMA’s syllabus and examination structure are the most relevant to the needs of business of all the accountancy bodies assessed. See the CIMA Difference report for further information at CIMA has been awarded Superbrand status in the UK for a third year in a row this year and for the first time in Sri Lanka.

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For more information about CIMA, please visit

The Institute of Cost and Works Accountants of India (ICWAI) is the only recognised statutory professional organisation and licensing body in India specialising exclusively in Cost and Management Accountancy. Institute of Costs and Works Accountants in India is a premier, dynamic and vibrant professional institution actively associating itself in the industrial and economic development of the nation.

The Institute of Cost and Works Accounts of India (ICWAI) is a premier professional body of Management Accountants in the Country established on 28th May, 1959 under the Cost and Works Accountants Act, 1959 as amended by the Cost and Works Accountants (Amendment) Act, 2006 enacted by the parliament to regulate the profession of Cost and Management Accountancy in India.

The Institute is a founder member of the International Federation of Accountants (IFAC), The Confederation of Asian and Pacific Accountants (CAPA) and the South Asian Federation of Accountants (SAFA). The Institute, as a leader in the field of accountancy in the South Asian Region, is also imparting training to accountants from overseas countries.
Mumbai, 25 November 2009

CIMA's Islamic Finance Certificate to be offered in Arabic in partnership with TAGITraining

CIMA (Chartered Institute of Management Accountants) today announces its latest initiative in the development of qualifications in Islamic finance by signing a contract with the Jordan-based organisation TAGITraining to translate and deliver the CIMA Certificate in Islamic Finance in Arabic throughout the Arab speaking world. This agreement highlights both organisations' commitment to provide the financial, business and government sectors with the skills and knowledge required in this rapidly growing market.

The contract was signed in Amman by CIMA's Director of Education, Robert Jelly, and Mustafa Nasereddin, Executive Director of TAGITraining.

TAGITraining is part of the Talal Abu-Ghazaleh Organisation (TAGO), the Arab Organisation for Global Professional Services, and will provide tuition and examining in its centres throughout the Arab Region.

The wide ranging contract also includes the translation and delivery of CIMA's Certificate in Business Accounting, CIMA's entry level qualification to its professional Chartered Management Accounting qualification, in Arabic.

Robert Jelly, CIMA's Director of Education said at the signing:

"This is an historic moment for CIMA as we offer the first of our qualifications in a language other than English. Islamic finance is a rapidly growing market and we have taken the lead in offering business and government the knowledge and skills necessary to meet demand through this qualification. Such has been the success of the English language version that we plan to launch further qualifications in Islamic Finance early in 2009."

Talal Abu-Ghazaleh, Chairman of TAGO said at the signing:

"This is another step in our commitment to convert the Arab Region to a knowledge based society. It is taking place at an appropriate moment, as the world banking crisis has focused more and more interest on Islamic banking and finance. The Talal Abu-Ghazaleh College of Business within the German-Jordan University will also soon be offering an MBA specialising in Islamic finance."

CIMA is the first chartered accountancy body to offer a global qualification in Islamic finance. The Islamic finance industry is thought to be worth between £150bn and £250bn, and is growing at an estimated rate of 15 to 20% per annum.
CIMA is a leading membership body that offers a globally recognised professional management accounting qualification. Our qualification has an emphasis on accounting for business. Our reputation as a professional and regulatory body has never been stronger.

CIMA qualified management accountants have an excellent understanding of finance and business. They use this to shape the future of their organisations. They have a broad business perspective and excellent employment opportunities around the world.

It is the voice of 164,000 students and members in 161 countries. CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body.

CIMA prides itself on the commercial relevance of its syllabus, which is in tune with the activities of high performance organisations, and evolves continually to reflect the latest developments in global business.

According to independent research conducted by the University Of Bath School Of Management, CIMA’s syllabus and examination structure are the most relevant to the needs of business of all the accountancy bodies assessed.

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