CIMA Eyes China Market for Expanding Membership

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Last updated at: (Beijing Time) Thursday, November 21, 2002

CIMA Eyes China Market for Expanding Membership

The UK-based Chartered Institute of Management Accountants (CIMA) is in negotiation with top universities of the Chinese mainland for courses to be offered leading to the chartered membership.

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The UK-based Chartered Institute of Management Accountants (CIMA) is in negotiation with top universities of the Chinese mainland for courses to be offered leading to the chartered membership.

Peter Choy, CIMA president in Hong Kong, revealed this in an exclusive interview with Xinhua on the second day of the 16th World Congress of Accountants now being held in Hong Kong.

Choy said CIMA is negotiating with two top universities in Beijing and one in Guangdong Province for cooperation, and a seminar is being organized for Dec. 20 at Zhongshan University in Guangdong Province to inform students, academics and enterprises on the qualification.

CIMA's Chief Executive Charles Tilley said, "The provision of (financial) information and interpretation of that information is where the management accounting comes in. Now I think within China,that road is only now just seemed to be of value. So this is the right time for CIMA accountants to operate in China."

Choy said, after the 16th Congress of the Communist Party of China, "We believe that privately-owned enterprises will be booming, and more of these will be set up in China."

"In the past few years, they have already been growing in size. China is still short of high quality management people. And many are being recruited from abroad or from the Hong Kong Special Administrative Region," he said.

Management accounting actually trains students to be business managers with a financial slant, Choy said, adding that students studying for the CIMA qualification are already working in commercial fields, but the course materials will further equip them with the management skills.

Choy also said since most of the university graduates have acquired English as a second language on the Chinese mainland these days, they should possess adequate English proficiency to pass the relevant CIMA examinations.

Currently about 200 Chinese mainland students are studying for the membership of CIMA.

CIMA is a professional accountancy body whose members are trained and work in business, not through the traditional audit route. It focus on strategic business management.

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