ICWAI promotes Institute of Management Accountants of OMAN

20 November 2008 |




NEW DELHI, 18 NOV 2008. The Institute of Cost and Works Accountants of India in its drive to promote and propagate the profession of cost and management accountancy has now taken the initiative to promote an Institute of Cost and Management Accountants in Oman.


To give effect to this effort, the ICWAI has entered into a Memorandum of Understanding with the Omar Zawawi Establishment LLC (OMZEST), one of the premier groups in the Sultanate, on last Saturday in the presence of Shri Jitesh Khosla, Joint Secretary, Ministry of Corporate Affairs, Govt. of India, Shri B. B. Goyal, Adviser (Cost), Ministry of Corporate Affairs, Shri Indrajith Fernando, Adviser - South Asian Federation of Accountants (SAFA) and other dignitaries, which has set the scope of relationship between the two bodies.


According to Mr. Kunal Banerjee, President, ICWAI, the Global Summit of Management Accountants held in January 2008 in Delhi gave a fillip to the efforts of ICWAI to go beyond the country and make its presence felt as a driving force of management accounting profession in the global arena. As a continuum of this process, it is co-promoting a new management accounting body in Gulf in the Sultanate of Oman. The progressive policies of the Sultanate of Oman are creating conducive conditions for a steady economic development and as the commercial activities expand the Omanese economy will be in need of highly skilled management accountants to support the needs of strategy, management and accounting.


British Airway


In terms of this MOU, ICWAI will be technically guiding Oman in developing the syllabus relevant for the Omanese economy and help them in conducting the examinations periodically. The pass certificates will be awarded by IMA Oman.


According to Mr. Kunal Banerjee, in the first phase, technician level courses will be introduced to be followed by Business Accounting certification and later on the management accounting qualification. The course will also include training modules with the Omanese business units for the students.


OMZEST is an Omani company having diverse commercial interests including promoting higher education in Oman and ICWAI is a premier Cost and Management Accountancy Institute, which is a member of the International Federation of Accountants (IFAC), The Confederation of Asian and Pacific Accountants (CAPA) and The South Asian Federation of Accountants (SAFA), wish to establish an Institute of Management Accountants in Oman (IMAO).



15% off ALL orders in November 08 - simply use the code AFF118 at checkout!

To advice IMAO to award certificates ICWAI shall play the role of Technical Collaborator/ professional service provider/ consultant to academics programme for designing the course syllabus. IMAO will award the certificate on which it will be mentioned that this programme is designed and examinations are conducted by ICWAI. In designing the course syllabus by ICWAI, the suggestions offered by IMAO will be taken into consideration, wherever necessary. ICWAI shall provide the entire course material; rules and regulations regarding the course; detailed curriculum; course design, all learning material including original computer software and relevant legislations pertaining to ICWAI on a regular basis.


ICWAI shall formulate Course Curriculum in line with Oman’s Industrial requirement of Cost and Management Accounting profession facilitating conduct to be named as “Certified Accounting Technician” (CAT) course.

Source: ICWAI website

Sign up, make money displaying Oxado contextual ads!


Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email


Or

Subscribe in a reader


If you liked this article, you may also like to visit the links below.

Management Accountant Store, US - Powered by Amazon
Management Accountant Store, UK Stores - Powered by Amazon, UK


You may also like to read
  1. Ethical Decision Making
  2. ICAEW, UK launches a new qualification
  3. Does IT strategy of your company influence your career
  4. Choosing an Accountancy Qualification
  5. Professional Body 28-April-07
  6. Accountancy Profession in India 22-May-08
  7. Membership of Accounting Body - Value Proposition 20-Mar-08
  8. Accounting Technician course in India
  9. CMA 2.0 Portal Launched
  10. How to Share Blog posts with friends 25-May-08
  11. Management Accountant Blog Home




If you like this post, please tweet this or share this for the benefit of other readers.

0 comments:

Find out how you can promote yourself
Subscribe to MA updates Get the Latest via Email or RSS
  1. Management Accountant
  2. Accountancy News
  3. My Favorite Blogs that I track
  4. SAP Jobs & Opportunities

Enter your email address:

Delivered by FeedBurner