IIMC to tie up with CIMA for research

Kolkata, Oct 26: Indian Institute of Management, Calcutta(IIM-C) is entering into a partnership with the Chartered Institute of Management Accountants (CIMA) for conducting management accounting research in India.

The two premier institutes will jointly establish a National Centre for Management Accounting at IIM-C campus.

A Memorandum-of-Understanding between the two institutes will be signed in a month.

Confirming the development, Ashok Banerjee, professor of finance and control, IIM-C said: ''The intention is to do research in management accounting in Indian corporate world. We will analyse financial statements of different companies and try to find out the level of corporate governance. The proposed centre will also arrange international conferences in management accounting.'' Besides, the centre will also introduce short duration educational programme in management accounting in the next year.

''The successful candidates will be awarded certificates jointly given by IIM-C and CIMA. However, the details of the programmes are yet to be worked out,'' Mr Banerjee added.

He, however made it clear that the programmes would be offered to the working executives.

''Like, our two post graduate programmes for working executives introduced recently, we might go for satellite-based programme in the management accounting also. Our aim is to reach across the country,'' he elaborated.

The proposed centre will be funded by CIMA, while IIM-C will only provide the space.

CIMA, a leading membership body across the globe, offering an internationally recognised professional qualification in management accountancy, which focusses on accounting for business, has selected IIM-C as the only Indian educational institute to make a tie-up with, so far.

UNI