How has the role of a management accountant changed over the years?
We, within CIMA, have devised a series of succinct definitions that describe a management accountant today. The simplest one is one who turns management issues into insight to create sustainable value in a business. It is expected of a management accountant to be able to provide the company any kind of management information that it needs. They are expected to carve winning strategies, manage risk and set high professional standards, adding to the companys integrity. How many mutual recognition agreements (MRAs) does CIMA have? Is one with India in the pipeline? Accounting bodies have pathways into each other and it is very important for them to work together in public interest. CIMA is a large organisation with a global presence in over 160 countries. As of now, we have one MRA with the Society of Management Accountants of Canada, also known as CMA Canada, meaning, there is parity in training and education of management accountants. We will be looking at an agreement with India soon.
