Accountancy body commends CGMA’s sponsorship of ACOA 

Africa regional director for the Chartered Institute of Management Accountants (CIMA), Samantha Louis, has said the Institute is elated about CGMA’s proposed Gold sponsorship of the Africa Congress of Accountants (ACOA) 2015 that will take place in Mauritius from May 12 – 14, 2015.

The Chartered Global Management Accountant designation (CGMA) is a global designation formed through a joint venture of CIMA and the American Institute of Certified Public Accountants (AICPA).

According to Louis, CIMA is “very excited about CGMA’s Gold sponsorship of ACOA 2015 which provides a unique opportunity to introduce this global designation to accountants from around the continent and the international business community.

“Since 2012, CIMA has been changing the playing field with regards to management accounting firstly with the launch of the CGMA designation and now with the launch of the Global Management Accounting Principles which we look to promote strongly at the ACOA 2015 conference.”

Developed jointly by CIMA and the AICPA, the Principles are the first of a kind blue print and guideline for business professionals aimed at improving decision making. They were developed based on extensive research with executives from 35 countries which revealed that organisations around the world are struggling with data overload, dispersed workforces and the blistering speed of change.

The four Principles focus on breaking down silos through influential communication, surfacing the most relevant information and reliable data for examination; driving analysis that reveals impact on organisational value and promoting integrity and trust that protects long-term sustainability.

Louis says “we believe that widespread adoption of the Principles will ensure that organisations have the guidance to strengthen and enhance the management accounting function within their organisations, hence it is so important for CIMA and CGMA to be among the thought leaders attending the ACOA 2015.”

CIMA, founded in 1919, is the world’s leading and largest professional body of management accountants, with over 227,000 members and students in 179 countries, working at the heart of business. CIMA members and students work in industry, commerce, in the public sector 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.

Professionalism and ethics are at the core of CIMA’s activities with every member and student bound by robust standards so that integrity, expertise and vision are brought together.