The ICMA (Institute of Certified Management Accountants) Board of Regents, representing the certification division of IMA (Institute of Management Accountants), has voted to waive its usual bachelor’s degree requirement for ACCA (Association of Chartered Certified Accountants) members wishing to earn IMA’s CMA (Certified Management Accountant) credential.
This is the latest outcome of a strategic partnership between IMA, the US-based association of accountants and financial professionals in business, and UK-based ACCA.
The bachelor’s degree waiver will allow all ACCA members around the world, regardless of background, access to IMA’s CMA credential. ACCA members who would like to take advantage of obtaining a US credential can earn the CMA after successfully completing the two-part CMA exam and satisfying the two-year experience requirement in a management accounting job role. This is a benefit to ACCA members who wish to have a US-based credential or who wish to have additional recognition of their expertise in management accounting and access to practitioner tools exclusively focused on this role.
Jeff Thomson CMA, IMA president and CEO, said: 'ACCA and IMA share consistent values, one of which is opportunity. This waiver offers a clear and tangible opportunity for all ACCA members. Both organisations recognise the value of certification and learning that comes through a rigorous exam process.'
Helen Brand, Chief Executive of ACCA, said: 'Our global strategic partnership with IMA was created with the aim of bringing benefits to our members. Our partnership agreement is based on ‘empowering accountants and financial professionals to drive business performance'. We welcome this new opportunity for our members specialising in management accounting roles and the enhanced recognition this can bring, especially for our many members who work for US-headquartered corporates.'
- ends -
For more information:
Marc Gerrone, IMA
Helen Thompson, ACCA Newsroom
+44 (0)20 7059 5759
+44 (0)7725 498654
Notes to Editors
- Further details about the CMA certification programme can be found on IMA’s website via the 'Related Links' section, left of this article.
About ACCA (Association of Chartered Certified Accountants)
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants with 154,000 members and 432,000 students in 170 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 over 80 offices and centres and more than 8,400 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.