Gary Cokins, IMA’s Executive-in-Residence, Presents on Management Accounting Trends to 12 Multi-national Corporations in India
Cokins is a thought leader in enterprise and corporate performance management (EPM/CPM) methods, advanced cost management and business analytics. During his India trip, which took place February 22-27, 2016, Cokins presented seminars in Delhi, Chennai and Bangalore on ‘preparing today’s management accountants for tomorrow’s challenges’. These seminars were attended by thought leaders and practitioners from leading corporates and academic institutions from India.
“Managers today are drowning in data but are starved of information,” said Cokins. “Too many companies are doing the right things, such as profitability analysis, balanced scorecard, strategy maps and business analytics, but they are doing them in isolation. EPM is about bringing it all together with a focus on predictive accounting. With many companies in India now working with teams across the globe, getting this right has become a strategic imperative.”
Cokins also presented seminars in multi-national corporations across India including Accenture, Genpact, Xerox, American Express, Capgemini, Maersk, Honeywell, Wipro, VMware, Caterpillar, IBM and Infosys. These seminars were attended by finance and accounting professionals from these corporations and covered a variety of topics including ‘top trends in management accounting’ and ‘analytics-based enterprise performance management’. Nearly all of these corporations employ a sizeable workforce in accounting and finance who work closely with teams around the globe, and many of them also sponsor their professionals for the CMA program.
Jim Piechowski, CAE, IMA Director of International Operations, who accompanied Cokins on the trip, said, “The CMA certification program ensures employers that accounting and finance staff possess the skills needed on the job today. For professionals, it offers expanded career and earning opportunities with extensive international credibility. We are very excited to work closely with Wiley and Miles to further the CMA program in India, and look forward to the various corporate and university partnerships across the country.”
To support the growing demand for CMA certification in India, IMA expanded its volunteer chapter base in India last year. IMA currently operates chapters in Bangalore, Chennai, Hyderabad, Kochi, Kolkata, Delhi, Mumbai and Pune. IMA also has an active Mutual Recognition Agreement with the Institute of Cost Accountants of India (ICAI).