A Memorandum-of-Understanding (MoU) between the two institutes was signed, according to which CIMA will sponsor the Centre and a CIMA Professor of Management Accounting for an initial period of three years. The governance of the Centre will be facilitated by the creation of a Centre Advisory Board. The Board will have a chair person, who will be a person nominated normally by CIMA and IIMC by rotation and approved by the other partner. The Centre would hold conferences and seminars on a regular basis, at least once a year. CIMA will arrange to pay the travel cost of foreign experts, who will speak at the annual conference to be organised by the Centre.

IIMC will undertake the research to act as an Academic Host to the Centre. The scope of the research is international and will include investigations relating to the professional development of management accountants throughout their careers as well as other contemporary issues linked to CIMA’s Centre of Excellence based at the Bath School of Management in the UK. IIMC and CIMA will publish results arising from the research and will discuss the same in internal seminars.

What is CIMA?

CIMA (Chartered Institute of Management Accountants) is an international accountancy body with a sole focus on business. It offers an internationally recognised qualification in management accountancy, focusing on accounting in business in both the private and public sectors. It has 164,000 students as members in 161 countries. For more information about CIMA, please visit www.cimaglobal.com.

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