Dubai: IMA® (Institute of Management Accountants) and Al Ain University (AAU) have signed a Memorandum of Understanding (MoU) in an effort to further academic, educational, and professional initiatives for students in the UAE. The MoU will assist in enhancing the learning experiences of students by offering access to expertise and facilities offered by AAU and IMA.
Hanadi Khalife, senior director of MEA & India operations at IMA, said, “At IMA, we believe that in order for the finance and accounting profession to keep pace with the changing business environment and advances in technology, we must build the competencies needed by professionals at a grassroots level. This starts with bridging the skills gap among young minds before they even enter the workplace. Our partnership with AAU will equip students with an aptitude for finance and accounting to gain the ability to think strategically and the confidence to make smart decisions that impact business. The CMA certification will give them a realistic perspective of what to expect at the workplace while also empowering them to navigate the complex labyrinths of financial and business decision making with greater ease.”
Prof. Ghaleb Al Refae, President, Al Ain University, United Arab Emirates said, “At AAU, we are always looking for opportunities to offer professional programs to our students which complement their academic studies at the University. IMA’s CMA certification program is an industry-renowned and advanced-level certification for accounting and finance professionals in business. Through this partnership, we aim to provide a high-calibre educational opportunity to our students, thereby helping them to enhance their future career potential by enhancing their value to prospective employers.”
As part of the agreement, IMA has committed to providing CMA scholarships to the top ten distinguished AAU students. IMA and AAU will also work together to support and enhance various research programs for faculty members.
“Most finance and accounting professionals work inside organizations, where expertise in decision support, planning, and control over value-adding operations are crucial elements of operational success. Earning the CMA designation will help them to master a comprehensive body of knowledge directly related to operational and strategic management as well as the skills and abilities required to build quality business practices inside organizations,” continued Khalife.
For nearly 50 years, the CMA certification has been the global benchmark for management accountants and finance professionals. Globalization and standardization, combined with more stringent financial reporting requirements, have resulted in a dramatic change in the practice, rules, regulations, ethics, and execution of managerial accounting and financial strategy in all areas of an organization.
IMA’s CMA certification program is an advanced-level assessment for accounting and finance professionals in business covering financial planning, performance and analytics, and strategic financial management. Achieving the CMA demonstrates professional expertise in financial planning, analysis, control, decision support, and professional ethics – skills that are in demand by organizations around the world.
About IMA® (Institute of Management Accountants):
IMA® 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) and CSCA® (Certified in Strategy and Competitive Analysis) programs, continuing education, networking, and advocacy of the highest ethical business practices. Twice named Professional Body of the Year by The Accountant/International Accounting Bulletin, IMA has a global network of about 140,000 members in 150 countries and 350 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe and Middle East/India.
About Al Ain University (AAU):
Established in 2004, Al Ain University (AAU) opened the doors to its first student cohort in 2005. Constantly innovating, AAU expanded its facilities by opening a second campus in Abu Dhabi in 2008, offering programs in Business and Law. Having begun with three colleges (Engineering, Business, Education, Humanities and Social Sciences), the University has continued to expand its program offerings which now include 17 undergraduate programs across six colleges (Engineering, Pharmacy, Law, Education, Humanities and Social Sciences, Business and Communication and Media) and 9 Master’s programs, as well as a Professional Diploma in Teaching. AAU is licensed to operate under the auspices of the UAE Ministry of Education (MoE). AAU continues to successfully seek international accreditation of its programs by respected educational bodies. The College of Engineering is accredited by the US-based Accreditation Board for Engineering and Technology (ABET), The University’s Bachelor of Pharmacy program has the distinction of being the first in the UAE to be granted International Certification by the prestigious Accreditation Council of Pharmacy Education (ACPE) in the US. Whilst the University’s Bachelor of Law program received accreditation from the Supreme Council for Evaluation, Research and Higher Education (HCERES) in France And, the Bachelor of Mass Communication and Media accredited by AQAS.