The Institute of Cost &
Management Accountants of Pakistan was established in 1951 and
was granted statutory status under the Cost and
Management Accountants Act, 1966 for the
regulation of the profession of Cost and
Management Accounting. ICMAP is the sole provider of
cost and management accounting education, training
and professional certification in Pakistan.
The institute has earned reputation both nationally
and internationally for its high standard in
imparting education and testing. The
Institute has been meeting an important
national human resource need through a
steady flow of professional management
accountants to occupy leading positions in
the corporate world.
ICMAP has over 4000 members, who hold
senior positions in trade, commerce, industry and
government in Pakistan and abroad. The
number of active registered students is
around 15000, which makes ICMAP one of the
largest professional institutions in
Pakistan.
INTERNATIONALASSOCIATION | |||||||||
The Institute is member of the following international accounting bodies:
|
ROLE OF MANAGEMENT ACCOUNTANT
The Management Accountants produced by the
Institute, have met the requirements of the
industry over the years and performed
creditably in the assigned roles. Today,
more than 60% ICMAP Members occupy top to
middle management positions in industry,
financial institutions, consultancy firms
etc., as Chief Executive Officers, Managing
Directors, Chairpersons, General Managers,
Controllers, Directors of Finance, Company
Secretaries, etc.
Organisations over the
years have turned increasingly complex and the
Management Accountants have enhanced their knowledge
and sharpened their skills to meet the challenge of
change, becoming more important players in
the management decision-making. Their
training, during this period, has been
modified gradually to cover the best
financial and business practices with
information management skills.
In a business, the role
of professional Management Accountants is like brain
in the human body. It collects data, analyses
it, plans for the future, puts in place an
effective control mechanism and operates an
emergency alarm system. This being so, the
economy is greatly indebted to the
contribution of professional Management
Accountants.
HOW MANAGEMENT ACCOUNTANTS ADD VALUE TO BUSINESS?
Management Accountants are trained to turn
knowledge into profit and they are
successfully competing in the employment
market for senior positions even in the
general management areas. Now Management
Accountant is more a business manager, who
understands the dynamics of business as an organic
whole, rather than being a typical "finance
man" with tunnel vision.
Some of the areas where qualified
Management Accountants can contribute
towards better corporate governance are
highlighted as under:
|
0 Your Comments:
Post a Comment