President's Message

 

Dear Chapter Members,

Welcome to the new IMA Bangalore Chapter website! The IMA Bangalore Chapter started in December 2014 and continues to grow each year. We hope you continue to find great benefit and value from your CMA certification.

Our chapter is over three hundred members strong, and is often mentioned by IMA as one of most active local chapters in these parts of the world – a distinction that each of our volunteer board members are very proud of. India is also one of the fastest growing regions for IMA worldwide, but we know that the growth so far is only the tip of the iceberg. The Chapter strength can go only one way and that is up ! As the Indian economy opens up more, and continues to grow further and integrates more with the Global economy - the tools and frameworks being used globally for managerial decision making and effecting performance improvements –  are the ones that you need to be well versed with.

To add a few more interesting and relevant data points from recent IMA research and surveys –

·       A survey conducted by IMA and the APQC (American Productivity & Quality Centre) found that  in the United States and around the world, organizations both large and small are experiencing a skills gap in accounting and finance, and uncovered significant gaps between the competencies that organizations need and those that entry-level employees possess, with the top gaps occurring in the competencies of  

Leadership

Strategic thinking and execution

Planning, Budgeting, and Forecasting

Cost management

Internal financial reporting / performance management

Change management

 

·      Another survey conducted by IMA and ACCA in 2014 – laid out the following roadmap for more effective Business Partnering by the Finance function (a key driver of value creation to Business)

  


The IMA curriculum is tailored to address the skill gaps as identified in the first mentioned survey above, and IMA research continuously guides and enables management accountants and Finance functions create / enhance value in their organizations.

All this means that young people like you, as well as experienced professionals  looking to take our Finance and Accounting skills to the next level with the help of the curriculum, research materials, case studies etc – the CMA qualification of IMA is THE gateway to achieve your goals and take the profession forward.

We welcome your feedback and the chance to know you better. 

 

Warm regards

T Subbarayudu

MBA, ACMA(India), CPA (Arizona)

President, Bangalore Chapter