‘CIMA accountants essential for public sector jobs in SL’


By Hiran H.Senewiratne

Andrew Miskin - Pic by Dimuthu Premarathne

CIMA (Chartered Institute of Management Accountants) global president Andrew Miskin said that since the world's problems are growing more and more complex it is the need of the hour to recruit CIMA accountants for public sector jobs.

"Our members keep up with global trends and the world is changing at a more complex pace. Therefore, decision making should be done more carefully and effectively to face global challenges. Our members are placed in an ideal position for such decision making, Miskin told The Island Financial Review in an exclusive interview on Tuesday. Miskin was in Sri Lanka on a short visit and held meetings with the CIMA and accountancy fraternity in Sri Lanka.

He said that Sri Lanka is an important market because the highest number of CIMA members and students are based in Sri Lanka after UK. "Therefore, Sri Lanka is an important market for CIMA and the main issue is that very few CIMA members are in Sri Lanka's public sector, he said.

Miskin said that decision making is based on ethics, relationships and information and local CIMA members have been given proper training on decision making on any complex issue because the CIMA syllabus focuses on that line.

"CIMA is a global qualification which covers many disciplines, such as, accountancy, management, markets and many other subjects. Therefore, CIMA members have all the ability to be involved in more complex decision making processes, he explained.

He said that CIMA has two components; one aspect is public accounting and other aspect is financial accountancy. "Therefore, the government should recruit more CIMA members in order to facilitate decision making processes in every public institution."

"We live in a time of rapid change and increasing competition. Responding to this, I am delighted that CIMA and the AICPA members have endorsed the proposal to create a new association so that we can stay ahead of market changes and developments, the CIMA president said.

CIMA and the US-based AICPA have operated together since 2011. This has expanded the scope of management accounting within the USA and created a new global designation, Chartered Global Management Accountant (CGMA).

animated gif
Processing Request
Please Wait...