Chartered Global Management Accountants: Leading businesses forward
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A new era of business is dawning as organisations look for finance staff—from the C-suite to entry-level—with a broader mix of competencies. Employers are demanding finance professionals with management accounting skills, business skills and the ability to be strategic business partners. But just as importantly, they are seeking individuals with strong people and presentation skills who can effectively communicate to influence change within their organisations.
To meet this employer demand, two of the world’s leading accountancy bodies – the Chartered Institute of Management Accountants (CIMA) and the American Institute of CPAs (AICPA) – launched the Chartered Global Management Accountant (CGMA) designation in 2012. This designation recognizes a unique group of more than 150,000 management accountants worldwide who have reached the highest benchmark of quality and competency. CGMA holders work on the front lines of almost every industry and play an increasingly important role in helping companies determine and deliver the strategies required to drive sustainable success.
Barry Melancon, CPA, CGMA, CEO of the Association of International Certified Professional Accountants (the Association), the unified voice of CIMA and the AICPA, says against a backdrop of regulatory shifts and the transformation of business and finance functions, there are widespread opportunities for CGMA holders to show their value. "The provision of high quality management and finance information has never been more important to support quality decision making," he says.
Members of the AICPA and CIMA recognised the growing need for professionally qualified accountants to support this decision making and formed the Association in 2017. Representing 667,000 management and public accountants from 184 countries and territories, the Association works to power opportunity and advance the accounting profession worldwide. Melancon says the Association provides a unified voice to help strengthen the profession's advocacy, expand employability for members, and connect accounting professionals around the world. Across Asia, for instance, Melancon says the consistency of CGMA competencies provides employers with confidence and enhances organisations' abilities to build relationships with stakeholders through integrated thinking and strategic decision-making.