The Association of Chartered Certified Accountants and Institute of Management Accountants are joining in a strategic initiative for the global finance profession. Financial Leadership and Performance was launched officially on 23 June, 2013 during IMA’s annual meeting of members at the start of the institute’s conference in New Orleans.
As part of the initiative, ACCA and IMA will support the career development goals of chief financial officers and other aspiring professionals, through various resources.
Both professional bodies will co-sponsor a website with resources for finance leaders, containing ACCA and IMA reports, as well as research. They also issue CFO Pathway, a research report covering the future CFO’s work, their role and changing career paths.
The organisations further aim to further professional development and education through resources that focus on financial leadership and performance, including articles, webinars, videos and e-learning resources from provider accountingcpd.net.
Barry Cooper, ACCA’s president said: “Both our credentials are the result of rigorous qualification and assessments, with a clear commitment to producing ethical, reputable and high performing members. Together, we understand the issues and drivers of success for the CFO and the finance team. These announcements, including flexible pathways to our respective exams and compelling CFO resources, are indicative of our commitment to sustainable organisational success.”
ACCA and IMA also signed a mutual recognition agreement, which gives members of both organisations, subject to certain conditions, a way to obtain the other organisation’s credentials based on a rigorous content and curriculum review
IMA offers certified management accounts designation and the ACCA professional membership.
IMA Chairman John Macaulay said ACCA and IMA represent collectively 653,000 members and candidates, with a unique global network of 89 offices and centres around the world, including more than 200 local chapter communities. “With these announcements, we have the opportunity to deliver even more value to the global profession, supporting CFOs and those aspiring towards that goal.”