I am happy to report that we had a 12% increase in membership in the previous year (this is more than the 7% increase in membership numbers we achieved in the year before). This represents a net-membership increase of 223 members. This is a good achievement as the ICMA’s is a specialist professional body for senior executives with education programs at the master’s degree level. It takes pride in being exclusive, and strives to differentiate itself from the volume-end of the market which is crowded with professional bodies catering to undergraduate school leavers. The overall membership of the ICMA now stands at approximately 3,800 members in 50 countries, with the majority residing in Australia.
To facilitate its educational objectives the Institute has accredited a number of universities which have master’s degree subjects that are equivalent to the CMA program. Some of these universities also provide in-house training and examinations of the CMA program. Accounting graduates can do CMA accredited units at these universities to qualify for CMA status. These universities are (the details of the subjects accredited are listed in the cmawebline:
AUSTRALIA:
- Victoria: Monash University; Deakin University; University of Melbourne; Victoria University.
- Queensland: University of Queensland; Central Queensland University (CQU).
- New South Wales: Macquarie University; Sydney University; University of New South Wales; University of Wollongong; ACU National (Australian Catholic University) .
- South Australia: University of South Australia.
OVERSEAS:
- North America: University of Southeastern Florida (Florida, USA); Royal Roads University (Canada);
- Middle East: University of Balamand (Lebanon);
- Europe: Educatis University (Switzerland); Manchester Business School Worldwide (University of Manchester) South East Asia Centre; University of Nicosia (Cyprus)
- Asia: MultiMedia University (Malaysia); University of Utara Malaysia (Malaysia); University of Hong Kong (Hong Kong); Nanjing University of Finance and Economics (Nanjing, P.R. China); Jubilee University (PNG);
- Indonesia: Parahyangan Catholic University (Bandung); Petra Christian University (Surabaya) ; Airlangga University (Surabaya); Gadjah Mada University (Jogjakarta); University of Indonesia (Jakarta).
In addition to the GMA and CMA education programs, the following short course ICMA certification programs were approved at the recent AGM:
Certificate in IFRS Compliance (CIFRS)
- Certificate in Islamic Banking & Finance (CIBF)
- Certificate in Enterprise Risk Management (CERM)
- Certificate in Forensic Accounting and Auditing (CFAA)
- Certificate in Global Management Accounting (CGMA)
At this time of the year, it is good to remind members as to the services provided by the Secretariat, and for what their membership fees is being used for:
- Maintaining the corporate website that is in keeping with the international profile of ICMA
- Designing and maintaining a Member’s Only area on the website.
- Publishing 5 copies of the On Target eNewsletter
- Publishing the ICMA Member’s Yearbook
- Maintaining a Library by over 10,000 texts and professional and academic publications (Expanded Library facilities for members will be opened in 2014).
- Having a World-Class Customer Relationship Management (CRM) system to handle the membership, invoicing, examinations and accounts.
- Conducting Examinations in all Branch locations and in over 20 other countries where students undertake the CMA program by distance education.
- Maintaining the ICMA Blog, with links to Facebook and Twitter
- Continuing with the links to CEO Institute for Members
Please let us know what other services you wish to see from your Institute. We will endure as best as possible to make it happen.
Best Wishes to all members for the holiday season!
Professor Janek Ratnatunga, CMA
