The Institute of Chartered Accountants of Namibia (ICAN) and the Chartered Institute of Management Accountants (CIMA), have signed a five-year dual-designation agreement, allowing their members to hold both the Chartered Accountant, Namibia (CA(NAM)) and Chartered Global Management Accountant (CGMA) designations.
Under the Mutual Pathway Agreement, qualifying ICAN members will be able to enjoy the benefits of the CGMA designation, which demonstrates advanced proficiency in finance, operations, strategy, and management. Meanwhile, CIMA members holding the CA(NAM) designation will be able to take advantage of being part of Namibia’s leading accounting professional body.
Tariro Mutizwa, ACMA, CGMA, Regional Vice President Africa at The Chartered Institute of Management Accountants, said, “CIMA is pleased to have partnered with one of the leading accounting professional bodies in Southern Africa. Our members will enjoy the premier benefits that come with having the CA(NAM) status.”
Fenni Nghikevali, Chief Executive Officer at the Institute of Chartered Accountants of Namibia, added, “As the premier accounting institute in Namibia, ICAN is committed to developing Chartered Accountants who are globally competitive with highly regarded professional expertise and leadership insights to contribute to the Namibian country and economy.”
Eligible ICAN members seeking the CGMA designation will be exempt from 15 of CIMA’s 16 CGMA exams and only need to complete the Strategic Case Study Preparation Course and the Strategic Case Study Examination. On the other hand, CIMA members looking to gain the CA(NAM) designation must be active holders of the ACMA, FCMA, or CGMA designations and complete an accredited ICAN Professional Programme preparatory course, the ICAN taxation case study, and the ICAN Assessment of Professional Competence.
The CGMA designation is held by over 150,000 accounting and finance professionals, making it the most widely held management accounting designation in the world. Through this partnership, ICAN members will now be able to add strategic value to organizations and respond strategically to pressing matters, such as value creation, management reporting, and organizational strategies.
