to establish a Center for Management Accounting at the Indian Institute of Management Calcutta campus. A Memorandum-of-Understanding (MoU) between the two institutes has recently been signed. The Center will work to create and disseminate knowledge to change management accountancy practices in India and other countries. This will also foster the inter-disciplinary research in IIMC and other academic institutions in India.
According to the MOU, CIMA will sponsor the Center and a CIMA Professor of Management Accounting for an initial period of three years. The governance of the Center will be facilitated by the creation of a Center Advisory Board. The Board will have a chairperson, who will be a person nominated normally by CIMA and IIMC by rotation and approved by the other partner.
The Center would hold conferences and seminars on a regular basis, at least once a year.
IIMC will undertake the research to act as an Academic Host to the Center. The scope of the research is international and will include investigations relating to the professional development of management accountants throughout their careers as well as other contemporary issues linked to CIMA's Center of Excellence based at the University of Bath School of Management in the UK.
IIMC and CIMA will also publish results arising from the research and will discuss the same in internal seminars.
CIMA (the Chartered Institute of Management Accountants) is the premier international accountancy body with a sole focus on business. It is a leading professional institute that offers an internationally recognized qualification in management accountancy, focusing on accounting in business in both the private and public sectors. CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit.
