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MENAFN Press - 13/03/2014
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(MENAFN Editorial) Drawing on its extensive global research into employer needs, the Chartered Institute of Management Accountants (CIMA) today launched its 2015 Professional Qualification Syllabus in the UAE



The launch included a keynote speech from Shane Balzan, Head of Syllabus Development at CIMA who spoke about the 2015 Syllabus update and its aim to empower the next generation of business leaders in the region with skills needed to drive businesses of the future



CIMA, in response to growing concern about rising youth unemployment around the world, has produced an innovative syllabus focused on equipping the finance professionals of the future with the skills to meet the business needs of today and tomorrow



For the qualification to remain relevant and enhance the employability of members, CIMA's global research led to the development of a competency framework and a new assessment process addressing the skills and competencies employers require from their finance team



The competencies identified by top employers are core accounting and finance skills, business acumen, people skills and leadership skills. This insight has been instrumental in creating a syllabus designed to meet the needs of both students and employers to support better business



Dr. Sijo Tom, Academic Director at Zabeel International Institute of Management and Technology, UAE, said: "The new CIMA syllabus incorporates all the possible knowledge areas required by today's finance professionals. By introducing new subjects, the CIMA qualification minimizes the gap, if there were any, and addresse the employability needs of business completely. The assessment model and the CBT (Computer Based Testing) system will make the students more comfortable and confident in applying for the professional qualification. We expect to have an increase in the registration for CIMA with these remarkable changes.




New topic areas relevant to accounting in business, such as managing big data, finance function transformation, IT infrastructure and sustainability have been included with integrated case studies added at each level of the qualification to consolidate learning and reflect real-life work situations



Major changes have also been made to the assessment of candidates in line with developments in the use of technology in education and industry. Students will now benefit from online assessment and exams on demand “ through a partnership with Pearson VUE “ allowing them to choose their own pace of progression. Students who complete the CIMA qualification earn the Chartered Global Management Accountant designation formed by the AICPA and CIMA to highlight the importance of management accounting in today's economy.



Speaking on the updated syllabus, Geetu Ahuja, Head of GCC at CIMA said

"CIMA is committed to supporting the next generation of global finance leaders and ensuring that our members stay at the forefront of developments in the business world throughout their careers. When designing the 2015 syllabus, we set out to enhance its relevance to employers, to ensure the rigour of the related examinations and to align the learning experience of candidates to the real world of business.


About he Chartered Institute of Management Accountants (CIMA)
The Chartered Institute of Management Accountants (CIMA), founded in 1919, is the world's leading and largest professional body of management accountants, with over 218,000 members and students operating in 177 countries, working at the heart of business. CIMA members and students work in industry, commerce, 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. CIMA has formed a joint venture with the American Institute of CPAs (AICPA) to establish the Chartered Global Management Accountant (CGMA) designation. CGMA is the global quality standard that further elevates the profession of management accounting. The designation recognises the most talented and committed management accountants with the discipline and skill to drive strong business performance.CIMA is proud to be the first professional accounting body to offer a truly global product in the fast-moving area of Islamic Finance.For more information about CIMA, please visit www.cimaglobal.com Follow us on Twitter at www.twitter.com/CIMA_NewsChartered Global Management Accountant (CGMA)Two of the world's most prestigious accounting bodies, AICPA and CIMA, have formed a joint-venture to establish the Chartered Global Management Accountant (CGMA) designation to elevate the profession of management accounting. The designation recognises the most talented and committed management accountants with the discipline and skill to drive strong business performance. American Institute of CPAs (AICPA)The American Institute of Certified Public Accountants (AICPA) is the world's largest association representing the accounting profession, with more than 394,000 members in 128 countries and a 125-year heritage of serving the public interest. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

 


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