IMA® Signs Collaboration Agreement with Al Ain University

Press release
Published July 14th, 2021 - 08:13 GMT
IMA® Signs Collaboration Agreement with Al Ain University
Hanadi Khalife, senior director of MEA & India operations at IMA
Highlights
As part of the agreement, IMA has committed to providing CMA scholarships to the top ten distinguished AAU students.

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.

Background Information

IMA (Institute of Management Accountants)

Empowering accountants and financial professionals to drive business performance, IMA®, the association of accountants and financial professionals in business, 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) program, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 90,000 members and 350 professional and student chapters and  provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; Shanghai and Beijing, China.

 

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