NEW ORLEANS--(BUSINESS WIRE)--ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants) have announced a new strategic initiative for the global finance profession, Financial Leadership and Performance.
The initiative to support the career development goals of Chief Financial Officers (CFOs) and other aspiring professionals launched officially on June 23, 2013, during IMA’s Annual Meeting of Members as the start to IMA’s Annual Conference & Exposition in New Orleans. ACCA and IMA also signed a Mutual Recognition Agreement (MRA), approved by ICMA’s Board of Regents and ACCA’s Council.
The MRA, signed on the one-year anniversary of ACCA and IMA’s strategic partnership, enables members of both organizations, subject to standard conditions of membership, a clear pathway to one another’s credentials based on a rigorous content and curriculum review – IMA’s CMA (Certified Management Accountant) or ACCA’s professional membership. The MRA will become effective early next year. For more information on the MRA, please see a list of frequently asked questions: http://www.imanet.org/PDFs/Public/Press_Releases/2013/IMA%20ACCA%20FAQ.pdf
As part of the Financial Leadership and Performance initiative, ACCA and IMA will support professionals through a variety of resources:
- A new co-sponsored website, www.roleofcfo.com, a resource for finance leaders, containing ACCA and IMA reports, research and insights
- CFO Pathways, a research report covering the future of CFOs’ work, their role and their changing career paths
- Continuing professional development / continuing professional education resources that focus on financial leadership and performance, including: articles, webinars, videos and e-learning courses.
“Both our credentials are the result of rigorous qualification and assessments, with a clear commitment to producing ethical, reputable and high performing members," said Barry Cooper, ACCA’s President. “Together, we understand the issues and drivers of success for the CFO and the finance team. Today’s announcements, including flexible pathways to our respective exams and compelling CFO resources, are indicative of our commitment to sustainable organizational success.”
John Macaulay, CMA, IMA’s Chair, added, “Collectively, ACCA and IMA represent 653,000 members and candidates, with a unique global network of 89 offices and centers around the world, including more than 200 local chapter communities. With today’s announcements, we have the opportunity to deliver even more value to the global profession, supporting CFOs and those aspiring toward that goal. We will continue to support excellence in management accounting through tested certification.”
For additional information about this strategic initiative, please find more information here: http://www.imanet.org/resources_and_publications/ACCAPartnership.aspx
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants with 162,000 members and 426,000 students in 173 countries worldwide. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
We work through a network of 89 offices and centres and more than 8,500
Approved Employers worldwide, who provide high standards of employee
learning and development.
About IMA® (Institute of Management Accountants)
IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) program, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 65,000 members in 120 countries and 200 local chapter communities. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit www.imanet.org