In the first phase, technician level courses will be introduced followed by Business Accounting certification and later on the management accounting qualification. The course will also include training modules with Oman's business units for the students. According to ICWAI President Kunal Banerjee, the global summit of Management Accountants held in January 2008 in Delhi gave a fillip to the efforts of ICWAI to go beyond the borders and make its presence felt globally. As a result, it is co-promoting the new management accounting body in the Sultanate of Oman.
Meanwhile, the Confederation of Asian and Pacific Accountants (CAPA) and the South Asian Federation of Accountants (SAFA), are also planning to establish an Institute of Management Accountants in Oman (IMAO). In this case too, ICWAI will play the role of technical collaborator/professional service provider/consultant to academics programme for designing the course syllabus of IMAO for awarding certificates. The certificates awarded by IMAO will specifically mention that the programme has been designed and examinations conducted by ICWAI.