Global Game-Changer: The Impact of the CGMA Designation: It's Been Almost a Year since the Launch of the CGMA and There Is Now a Connected Community of More Than 120,000 Chartered Global Management Accountants around the World. Lawrie Holmes Explains How the New Designation Became a Game-Changer for the Management Accounting Profession

Holmes, Lawrie, Financial Management (UK)

In a climate of increasing uncertainty, organisations the world over are calling for greater competence when it comes to financial discipline and effective strategy. The financial crisis, the eurozone meltdown and the effects of globalisation are forcing both companies and public-sector organisations to seek a cadre of leaders who are able to meet these expectations.

Like never before, the all-round values that management accountants offer are being recognised, be it in managing change, understanding risk or promoting operational efficiency. This is especially the case in forward-thinking organisations that understand the fast-moving changes that are taking place around the world. They understand that a new breed of management accountants, schooled in financial management techniques and able to comprehend business strategy, will be the best candidates to drive organisations as myriad threats and challenges continue in a globally connected world.

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CIMA council had, at several meetings, identified the changing world as a key factor in driving the institute's strategy.

Charles Tilley, chief executive of CIMA, says that the first discussion with AICPA president and chief executive Barry Melancon that would lead to the launch of the Chartered Global Management Accountant (CGMA) took place in November 2009. "Barry and I had an initial conversation …

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Publication information: Article title: Global Game-Changer: The Impact of the CGMA Designation: It's Been Almost a Year since the Launch of the CGMA and There Is Now a Connected Community of More Than 120,000 Chartered Global Management Accountants around the World. Lawrie Holmes Explains How the New Designation Became a Game-Changer for the Management Accounting Profession. Contributors: Holmes, Lawrie - Author. Magazine title: Financial Management (UK). Publication date: November 2012. Page number: 32+. © 2009 Chartered Institute of Management Accountants (CIMA). COPYRIGHT 2012 Gale Group.

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