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March 27, 2012

Accountants optimistic about the economy says survey

Senior management accountants are optimistic about the effect of the global economy on their organisation over the coming 12 months, according to global research.

The quarterly report CGMA Global Economic Forecast commissioned by the Chartered Institute of Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA) surveyed 600 senior management accountants around the world.

On a scale of 0 to 100, the overall index score of optimism for the economy is up seven points to 65 in the past quarter.

The ten optimism indicating factors include global economic, domestic economic and organisational optimism as well as plans for expansion, revenue, profits, headcount, spending on IT, and training and development.  

The results showed accountants’ confidence is up about their own organisation but down on the global economy.

“Whilst it’s great to see that overall confidence is up on the last quarter, when you look at the underlying factors there is a marked difference between how they feel about their own organisation’s ability to succeed in continuing challenging times and their confidence in the domestic and global economy to emerge from the gloom,” CIMA chief executive Charles Tilley said.


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