Tokyo, 29th Feb., 2016 — CIMA (Chartered Institute of Management Accountants) and JAMA (The Japanese Association of Management Accounting) signed the Memorandum of Understanding to unveil the collaboration between the world’s largest professional body in management accounting and Japan’s leading management accounting association.
The MoU was signed by JAMA’s President Prof. Noboru Harada, Vice President Prof. Masaaki Aoki, CIMA’s North Asia Regional Director Vicky Li, Head of Emerging Markets North Asia Charles Liang, representing the respective professional bodies. This is the first partnership that CIMA is forging with the Japanese management accounting community and both associations are deeply committed to jointly promote management accounting’s best practice and CGMA (Chartered Global Management Accountants) in Japan.
As part of the MoU, CIMA and JAMA will collaborate on the translation of the Global Management Accounting Principles (GMAP) into Japanese and launch the Japanese edition in Sept. at earliest during JAMA’s annual conference. The GMAP was launched together by AICPA and CIMA in 2014, aiming to be universally applied in organizations large and small, public and private, anywhere in the world, with input from CEOs, CFOs, academics, regulators, and other professionals in 20 countries on five continents. The Principles are intended to provide industry leaders with strategic and financial oversight a way to benchmark their management accounting processes and identify where the processes can be improved. The goal of the principles is to establish values, qualities, and norms that represent the profession’s best practices.
Another important collaboration on the agenda is the two associations plan to organize CGMA Management Accounting Academic Elite Workshops in Japan in the coming months, through which to advance the management accounting teaching and education for Japanese academicians and provide a global platform for the better sharing and application of the best practices.
CIMA and JAMA are both keenly committed to promote CGMA to the Japanese management accounting community and elevate the profession of management accounting in Japan through this strategic partnership.
CIMA
The Chartered Institute of Management Accountants(CIMA) is the world’s leading and largest professional body of management accountants. We offer the most relevant finance qualification for business. Our 227,000 members and students in 179 countries work in industry, commerce, the public sector and not-for-profit organizations. We work closely with employers, universities and governments to ensure we remain the employers’ choice when recruiting financially-trained business leaders and students’ choice when preparing for a career in business. The World Bank is using CIMA to train its finance and accounting employees. Many multi-national companies are also using CIMA?for their talent development programmes. In 2012, two of the world’s most prestigious accounting bodies, CIMA and AICPA have formed?a joint-venture to establish?the CGMA (Chartered Global Management Accountant) designation to elevate the profession of management accounting. The designation recognizes the most talented and committed management accountants with the discipline and skill to drive strong business performance.
JAMA
The Japanese Association of Management Accounting (JAMA), founded in 1991, is the leading academic organisation devoted to the study and promotion of knowledge about management accounting. It has more than 700 members all across Japan, who are researchers in universities, accounting professionals and graduate students, JAMA is involved in publishing the well-known Journal of Management Accounting twice a year, organising management accounting forum, research seminar and field trips to companies to serve the advancement of management accounting research and practice in Japan.
