The conditions in which
businesses now operate are volatile and uncertain. ‘Business as usual’ no
longer exists and the rules of the game are being transformed.
The role of management
accountants has evolved over a period of time to become key players in business.
It is for this reason that the CGMA Competency Framework was developed in
partnership with CIMA’s joint venture partner, the American Institute of CPAs
(AICPA), to equip Chartered Global Management Accountants (CGMAs) with the
skills necessary to navigate the ‘new’ business world.
CIMA felicitated new CGMAs
at a convocation event on Wednesday, September 21st, 2016 at J W
Mariott Sahar, Mumbai.
At the event, a total of
144 new CGMAs celebrated their success and were presented with certificates by Andrew
Miskin, CIMA President. Expressing his happiness, he said, “The day
marks the culmination of the year filled with learning, networking, growth and
career progress and signifies a step forward for our new CGMAs. The members
rightfully deserve the certificates and acknowledgement that the convocation
ceremony brings and it is both a pleasure and an honour to share this
celebration with them. I am positive, that employers worldwide will recognize
them for their financial expertise and business acumen which will further give
a boost to their career.”
Management accounting, in
the present complex industrial world, has become an integral and essential part
of the business. Management Accountants guide and advice for effective and
valuable influence over the quality of organisations’ decision making and
performance management. In the current business environment, business leaders
are struggling to make the right decisions. They find themselves battling
against bureaucratic decision-making processes, soloed and short-term thinking,
breakdowns in trust and collaboration inside the organisation and difficulties
with translating the large volume of information into relevant knowledge. The
solution to many of these decision-making challenges can be achieved through
integrated thinking — cutting through silos to connect the relevant people and
information from across the organisation. CGMAs join the dots in this way to
enable them to see the big picture. It means that all of the relevant insight
is available when making decisions.
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