Magazine article Strategic Finance

CMA Examination in Arabic

Magazine article Strategic Finance

CMA Examination in Arabic

Article excerpt

Most of you are probably familiar with the article "IMA's Strategic Initiatives" that appeared in the August 2007 issue of Strategic Finance. It told readers about the strategic initiatives that are part of the organization's Strategic Plan for fiscal years 2008-2011. A companion piece about IMA's 2008-2011 Strategic Plan was featured in an insert in the September issue.

One of IMA's strategic initiatives that was described in these two pieces is to expand international membership in the Middle East region. The Middle East already contains the largest block of IMA international members, and the plan is to retain and grow membership in that market. Most IMA members in the Middle East are active in the Certified Management Accountant (CMA[R]) program, but many struggle with the complex body of knowledge in a language that isn't their primary language. A quality translation of the CMA exam and more localized services should help improve completion rates, increase retention, and create new growth. In order to grow, IMA must respond to the new member engagement opportunities driven by globalization and changing demographics.

At the end of September, the Planning and Development Committee of IMA's Board of Directors approved a business case that proposes a translation of the CMA examination into Arabic language. At present, there are more than 5,400 IMA members in the Middle East, and they account for more than 30% of all CMA examinations taken. But the overall completion rate for Middle East members is quite low, and the main reasons appear to be the members' difficulty with the English language and the lack of a solid learning environment.

This project will allow IMA to better support the community of management accounting and finance professionals in a part of the world that is experiencing high rates of economic growth and an increasing need for sophisticated internal finance expertise in a manner that will help them to succeed in the CMA program and that will grow IMA's membership base in the region substantially. …

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