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24 May 2011
A NEW professional designation has been created through a joint venture of CIMA and the American Institute of Certified Public Accountants.
The Chartered Global Management Accountant title is designed to raise the profile of management accounting around the world. The new venture will cover more than 550,000 members and students.
Further reading
AICPA is the world's largest professional accounting body but its associates are mainly US based. The partnership will strengthen CIMA ties with AICPA members while giving the US institute closer links to CIMA's network, which is strong in Europe, the Middle East, Africa and Asia.
CIMA chief executive Charles Tilley (pictured) said: "The new CGMA will be recognised throughout the world as the gold-standard designation for management accountants who play a vital role in building sustainable business value. The joint venture will raise the profile of the profession and be a passport for careers throughout the world."
The new CGMA letters will be issued early next year. AICPA members will need at least three years' experience in management accounting or financial management to qualify for the designation, while CIMA members can use it at will.
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Visitor comments Add your comment
Not impressed
I haven't yet seen any logical points as to why this venture with the AICPA makes sense.
So, at will, I now have a bi-lingual qualification do you want it in English - A/FCMA or American - CGMA?
Posted by: Clifford Moggs, 24 May 2011 | 20:00
Designation
Question remain to be answered-
How the designation will work for member in practice? Where will be the head office sited, is it going to be UK or USA?
Which one of the designation converted to -
CGMA (is this finalised)
A/F CMA = A/F AICPA OR A/F CGMA?
Will there be any choice given to retain or use both old and new designations A/F CMA & CGMA?
Posted by: P R Thukral, 08 Jun 2011 | 20:50