Members of the Association of Chartered Certified Accountants (ACCA) who wish to earn the US-based Institute of Management Accountant’s (IMA) Certified Management Accountant (CMA) designation will have the usual bachelor’s degree requirement waived.
The waiver is the result of a strategic partnership between the IMA and ACCA, and a vote by the Institute of Certified Management Accountants Board of Regents, which represents the certification division of the IMA.
ACCA members who wish to gain IMA’s CMA credential will now only need to successfully complete the two part CMA exam and have two years experience in a management accounting job.
"Our global strategic partnership with IMA was created with the aim of bringing benefits to our members," ACCA chief executive Helen Brand.
"Our partnership agreement is based on ’empowering accountants and financial professionals to drive business performance.’"
"We welcome this opportunity for our members specialising in management accounting roles and the enhanced recognition this can bring, especially for our many members who work for US-headquartered corporations."