THE President of the Chartered Institute of Management Accountants (CIMA) Ghana, Mr Jonas Sowah Quaye, says the institute’s contribution to national development will only make an impact if professionals are considered for membership of boards and commissions of state.
He said CIMA was ready to lend its support to any venture by the government towards ensuring the continued transformation of the country, hence the decision to strategically locate a Country Office in Ghana.
He was speaking on Saturday at a CIMA Ghana event dubbed; “Time with the President 2011”, an annual inspirational forum for members and students of CIMA, policy makers, business leaders and selected eminent personalities.
Held on the theme, “Management Accounting: A critical role for business growth and sustainability”, it was aimed at achieving a wide adoption of management accounting concepts, principles and techniques for the benefit of business entities in particular and the economy at large.
Mr Quaye, in calling on private corporate entities to recognise the need to engage CIMA professionals, indicated that advertisement positions such as Financial Controller, Director of Corporate Planning and Chief Finance Officer rarely stated CIMA as a required qualification, which is a matter of concern.
“I think that the values and tenets of the CIMA profession have been downplayed by a lot of people who merely see it as another accounting profession,” Mr Quaye said.
He recalled countries such as Malaysia, Singapore and Hong Kong which allowed CIMA professionals to play a number of roles in their economy because the processes of conversion to a CIMA professional was holistic and sought to develop minds that could understand the nuances of organisational needs for analysis.
Defending the accounting profession, he averred that what made CIMA to stand head and shoulder above others was its true uniqueness where its graduates were well equipped with the skills to enable an organisation to re-invent itself in a positive direction adding, “CIMA is concerned with using what has happened in the past to re-shape the future”.
Touching on the role CIMA could play in the oil and gas industry, Mr Quaye said the body was in a position to contribute towards making sure that the necessary framework was in place to help rake in the needed revenue from the resource.
While advising CIMA students to work hard towards becoming chattered management accountants, he called on members to safeguard the principles and values of CIMA, as an office had been established in the country to support their cause.
The guest of honour, Mr Sydney Caseley-Hayford, a business and financial consultant, in his keynote remarks bemoaned the failure of businesses in the country to accurately cost their products and services to the benefit of consumers.
He said consumers of goods and services always bore the brunt for the inefficiency and incompetence of financial institutions who took wrong accounting decisions without due consideration for their customers’ interest.
He said CIMA was ready to lend its support to any venture by the government towards ensuring the continued transformation of the country, hence the decision to strategically locate a Country Office in Ghana.
He was speaking on Saturday at a CIMA Ghana event dubbed; “Time with the President 2011”, an annual inspirational forum for members and students of CIMA, policy makers, business leaders and selected eminent personalities.
Held on the theme, “Management Accounting: A critical role for business growth and sustainability”, it was aimed at achieving a wide adoption of management accounting concepts, principles and techniques for the benefit of business entities in particular and the economy at large.
Mr Quaye, in calling on private corporate entities to recognise the need to engage CIMA professionals, indicated that advertisement positions such as Financial Controller, Director of Corporate Planning and Chief Finance Officer rarely stated CIMA as a required qualification, which is a matter of concern.
“I think that the values and tenets of the CIMA profession have been downplayed by a lot of people who merely see it as another accounting profession,” Mr Quaye said.
He recalled countries such as Malaysia, Singapore and Hong Kong which allowed CIMA professionals to play a number of roles in their economy because the processes of conversion to a CIMA professional was holistic and sought to develop minds that could understand the nuances of organisational needs for analysis.
Defending the accounting profession, he averred that what made CIMA to stand head and shoulder above others was its true uniqueness where its graduates were well equipped with the skills to enable an organisation to re-invent itself in a positive direction adding, “CIMA is concerned with using what has happened in the past to re-shape the future”.
Touching on the role CIMA could play in the oil and gas industry, Mr Quaye said the body was in a position to contribute towards making sure that the necessary framework was in place to help rake in the needed revenue from the resource.
While advising CIMA students to work hard towards becoming chattered management accountants, he called on members to safeguard the principles and values of CIMA, as an office had been established in the country to support their cause.
The guest of honour, Mr Sydney Caseley-Hayford, a business and financial consultant, in his keynote remarks bemoaned the failure of businesses in the country to accurately cost their products and services to the benefit of consumers.
He said consumers of goods and services always bore the brunt for the inefficiency and incompetence of financial institutions who took wrong accounting decisions without due consideration for their customers’ interest.
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