Monthly Archives: August 2013



As you start your career in finance you want to be confident that you gain the right knowledge and skills so you can develop your career in the direction you want. Whether you qualify with ACCA or IMA you can be reassured you’ll be starting your career with the fundamental skills of performance accounting and financial management needed for any future leader.

Our qualifications provide you with a comprehensive set of competencies recognised by leading companies and CFOs. Added to that, with ACCA and IMA you will have access to a wide range of resources to help your development as you progress with your career to become a finance leader.


In today’s business, ensuring a balance of skills across the entire finance value chain is essential for the complete finance professional. Broad-based qualifications, which provide an entire understanding across financial and management accounting disciplines, as well as more specialised learning in audit, tax and law, provide a vital grounding in developing the skills that businesses need. Read the full report now to find out more.

  • pol-afb-tfoft-thumbThe Future of finance talent 
    This report suggests a number of trends that could affect finance talent management in the future. These trends are intended to stimulate the debate on the future of talent management in global finance functions.
  • generation_y_report-thumbGeneration Y 
    This research paper presents one of the most substantive and widespread surveys of Generation Y finance professionals ever undertaken. It provides a unique perspective for the finance profession.

IMA and ACCA Announce New Global Strategic Initiative and Mutual Recognition Agreement

On the one-year anniversary of their strategic partnership, IMA® and ACCA (Association of Chartered Certified Accountants) announced a new strategic initiative for the global finance profession, Financial Leadership and Performance.

This initiative to support the career development goals of CFOs and other aspiring professionals was officially launched on June 23 during IMA’s Annual Meeting of Members at the start of the IMA 94th Annual Conference & Exposition in New Orleans.

Also at that meeting, the two organizations signed a Mutual Recognition Agreement, which was approved by the ICMA® Board of Regents and ACCA’s Council.

Pictured left: Barry Cooper, ACCA’s president, and John Macaulay, CMA, IMA’s Chair 2012-2013sign a Mutual Recognition Agreement at IMA’s Annual Conference & Exposition in New Orleans.

The Mutual Recognition Agreement enables members of both organizations, subject to standard conditions of membership, a clear pathway to one another’s credentials based on a rigorous content and curriculum review: IMA’s CMA® certification or ACCA’s professional membership.

Under the agreement, which becomes effective early next year, IMA members who have completed the CMA qualification and undertaken the following requirements shall be considered to have met the education, examination, and experience requirements to be a qualified member of ACCA: (1) Pass ACCA’s three Essentials exams – P1 Governance, Risk and Ethics, P2 Corporate Reporting, and P3 Business Analysis; (2) complete ACCA’s Professional Ethics module; and (3) complete or document an additional year of practical experience.

In turn, ICMA will grant the CMA certification to those ACCA qualified members who have passed the exam parts P4 Advanced Financial Management and P5 Advanced Performance Management, as well as to those ACCA members who have passed the comparable two parts in prior syllabi. All other ACCA qualified members can waive part 2 (Financial Decision Making) of the CMA exam and would be required to pass part 1 (Financial Planning, Performance, and Control) to become certified as a CMA.

For complete information on the agreement, please see a list of frequently asked questions.

As part of the Financial Leadership and Performance initiative, ACCA and IMA will support professionals through a variety of resources:


A new co-sponsored website ( – A resource for finance leaders, containing ACCA and IMA reports, research, and insights.

CFO Pathways – A research report covering the future of CFOs’ work, their role, and changing career paths.

Continuing Professional Development/Continuing Professional Education – Resources that focus on financial leadership and performance, including articles, webinars, videos, and e-learning courses.

In the press release announcing the agreement, Barry Cooper, ACCA’s president, said, “Both our credentials are the result of rigorous qualification and assessments, with a clear commitment to producing ethical, reputable and high performing members. Together, we understand the issues and drivers of success for the CFO and the finance team. The announcements made today, including flexible pathways to our respective exams and compelling CFO resources, are indicative of our commitment to sustainable organizational success.”

John Macaulay, CMA, IMA’s Chair 2012-2013, added, “Collectively, ACCA and IMA represent 653,000 members and candidates, with a unique global network of 89 offices and centers around the world, including more than 200 local chapter communities. With today’s announcements, we have the opportunity to deliver even more value to the global profession, supporting CFOs and those aspiring toward that goal. We will continue to support excellence in management accounting through tested certification.”

For additional information about this strategic initiative, please find more information here.

ACCA (Association of Chartered Certified Accountants) is the global body for professional accountants with 162,000 members and 426,000 students in 173 countries worldwide. It offers business-relevant, first-choice qualifications to people of application, ability, and ambition around the world who seek a rewarding career in accountancy, finance, and management. For more information, please visit


Know more about ACCA and CMA at PMTC Global


ACCA is a UK based accountancy body is one of the largest and fastest-growing global accountancy bodies which offers the Chartered Certified Accountant qualification worldwide. In order to achieve the prestigious membership and use the designation ‘ACCA’ after your name, you will have to complete:

 ·  Exams             14 exams (exemptions can be claimed up to nine papers)

·  Experience    36 month’s relevant practical experience requirement for Membership (Before, during or After ACCA)

·  Ethics              Professional Ethics Module(Online)

ACCA Entry Routes

ACCA offers various entry routes, depending on your age and previous academic qualifications.
ACCA Dubai by

- No academic qualification required to do FIA- Complete the Diploma in Accounting and Business (F1, F2 & F3) through the Foundations in Accountancy(FIA) route, and you can transfer onto the ACCA Qualification from the fourth exam (F4 – Corporate and Business Law) onwards. 

- Relevant degree holders may be exempted from all nine exams within the Fundamentals Level and register directly at the Professional Level.
For details, refer to ACCAGlobal Exemption Support


ACCA Course Structure


Fundamentals Knowledge/FIA Fundamentals Skills Professional Essentials
 F1- Accountant in Business

F2- Management Accounting
F3- Financial Accounting

 F4- Corporate and Business Law

F5- Performance Management
F6- Taxation
F7- Financial reporting
F8- Audit and Assurance
F9- Financial Management

 P1- Corporate Governance, Risk and ethics

P2- Corporate Reporting
P3- Business Analysis


Professional Options


P4* Advanced Financial Management
P5* Advanced Performance Management
P6* Advanced Taxation
P7* Advance Audit & Assurance
*Choose two out of four options

ACCA Exams Structure


Exams Intakes Exams Format Exams Results
Paper based exams (for all levels) are conducted every Juneand December.Knowledge level papers can be taken as Computer Based Examinations (CBE) which can be attempted any time in the year

CBE papers has the following format:- Duration two hours- Contains 50 questions (all worth two marks)

- out of 100 marks

- has a pass mark of 50%
Skill and professional level papers have 3 hour paper based examinations with 15 minutes reading time

June attempt – Announced on the 8th of August
December attempt – Announced on the8th of February


CBE’s – result is available immediatlyafter the Exam (only for F1, F2, F3 & FIA papers)

 ACCA Fees Structure

Payable to 
No. of Papers Exam Fee GBP(£) CBE (AED) Payable to
PMTC Global
Tuition Fee AED.*
ACCA Registration - £79 (Aed.480) - PMTC Registration FREE
Knowledge 3 - 480/paper F1 , F2 , F3 2000/paper
Skills 6 £ 81/paper** - F4 , F5 , F7
F6 , F8 , F9
Professional 5 £ 94/paper** - P1 , P3 , P5
P2, P4 , P6 , P7
Annual Subscription - £ 79/year - Total Expense (approximately) AED. 42720
OBU BSc. Hons. Thesis (optional) - £ 181 - OBU BSc. Hons. Thesis (optional) AED. 1000
* Tuition Fees include 60 hours Tuition classes, 15+ hours Revision sessions, BPP/Kaplan Text books, Revision kits, ACCA past papers, Question Based Evening(QBE), online access to Mock Exams, Class Notes, etc

 ** Subject to Early exam entry till 8th September (December 2013 attempt)

Know More about ACCA at PMTC Global

Become a CMA®


The Certified Management Accountant (CMA) credential is the advanced professional certification that delivers tangible value. It demonstrates your command of the critical accounting and financial management skills demanded by today’s dynamic businesses, translating into significant career opportunities for you.


The CMA offers the critical knowledge, skills, and abilities needed to compete in today’s business world.



CMAs are successfully leading the way in key management roles at top multinationals around the world.




Busy professionals can take advantage of various learning formats and hundreds of testing locations.



The CMA delivers a solid return on your investment. From the U.S., to China, to the Middle East, professionals holding a CMA can earn significantly higher average total compensation per year than noncertified peers.*


The CMA is unique among professional and academic credentials, designed specifically for accounting and financial management professionals in business.

Achieving the CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – essential skills sought after by successful organizations and their financial team leaders.

Whether you want to enhance your value within your current organization—or expand your career potential—the CMA is the key to maximizing your professional potential.


The CMA exam is structured as follows:


  • Planning, budgeting, and forecasting
  • Performance management
  • Cost management
  • Internal controls
  • Professional ethics


  • Financial statement analysis
  • Corporate finance
  • Decision analysis and risk management
  • Investment decisions
  • Professional ethics


The CMA exam consists of two parts:


  • Financial Planning, Performance and Control
  • 4 hours – 100 multiple choice questions and two 30-minute essay questions


  • Financial Decision Making
  • 4 hours – 100 multiple choice questions and two 30-minute essay questions

The exam parts can be taken in any order. Only one exam can be taken at a time. Candidates must register to take one exam part within the first 12 months of entering the program and must complete both exam parts within three years.


Know more about CMA at PMTC Global


Exam Super Surprise, It Doesn’t Matter!

Here we are more than a week after the exam results and the elation hasn’t worn off for those that passed. Nor has the disappointment gotten any better for the candidates that did not make the cut. Statistically, about half of you are looking forward to the end of your studying and the other half are wondering if you want to continue in the process.

Whether it comes as a cruel reality or a reassuring truth, the fact is, it doesn’t matter whether you got good news or bad last week. It really doesn’t!

I’m not saying that the CFA charter is not a significant milestone and something worthwhile. I am glad I took the challenge and made it through. What I am saying is that it is just part of a continuing process in your life as an analyst.

While passing the exam might help you land a job, failing the exam won’t keep you from getting one. Networking and persistence will trump the CFA charter in the job search any day of the week.

Not passing the exam also does not mean you will not be a good analyst or investment professional. Everyone that failed this year’s exam will eventually pass, given enough determination and hard work, the same amount of determination and hard work that are prerequisites to being successful in the industry.

The only difference between those that pass the exams sooner rather than those it takes a few extra years is that the early birds realize one indisputable truth a few years earlier.Passing the CFA exams does not mean you are done studying!

I do more reading now than I did while studying for the CFA exams. The only difference is that now, I have to find the material instead of having it all delivered to me in a series of texts. I have to find and study a company’s annual and quarterly reports. I have to study any press releases and news reports. I have to find and study other analyst opinions on the company and the industry. I have to find and study the specific industry’s trade journals. I have to study the macro trends that are going to affect the industry.

Beyond the ‘studying’ you will do to analyze your coverage universe or group of investment products, you will also need to keep on top of the general regulatory environment, changes in tax code and accounting principles, and the newest paradigms in wealth management.

It mays seem a dismal truth for many, the idea that hard hours of studying never really end, but I don’t mind it at all. Why? Because I have embraced it as a part of being a true professional, as a part of being the best in my career.

In fact, I have embraced the idea of this life-long process so completely that when someone asks what I do for fun, I have a hard time not saying, “I like to read some of the trade journals or surfing the web for new ideas on accounting gimmicks.”

Maybe I’m a nerd and just love this stuff too much but you really do need to find some joy in it. The industry is extremely demanding on its analysts, especially the new ones. Your first three years as an analyst, you will put in far more time ‘studying’ than you ever did for the CFA exams. Those thinking about dropping out of the CFA program because they are tired of studying may want to reevaluate their chosen career path.

Think of it this way, in your career as an analyst just as with the CFA exams, there will be a minimum passing score but not a maximum passing score. The minimum score is not published and is always changing depending on the size of the candidate pool and their knowledge. Falling behind this MPS once or twice will not doom your career but you need to continuously improve on your score to be a better professional.

‘til next time, happy studyin’

Courtesy: Joseph Hogue, CFA


Know more about CFA program: 

Registering for the CMA Exam – Part 1


Written By CMA Exam Guest Blogger Leslie M.


This week was exciting regarding my CMA test prep. At the beginning of the year, I committed to preparing for the CMA exams, but I wanted to see how my studying was coming along before actually registering for them. I needed to gain a certain comfort level for this daunting task and make sure that my study plan was achievable. I realize that some candidates may not require as much time to study for this exam (you may be able to commit more time per week), but I wanted to allow sufficient study time in addition to working 40+ hours a week at a challenging career. On top of that, I have to handle my personal roles as wife/mother/etc. and was a little fearful of making an absolute commitment. So this week, I decided that in order to maintain my focus and keep my motivation high, I should take the plunge and register for next exam window. I told myself: “There’s no turning back now!”, “No excuses!”, and “Just do it!” So I did it!

The Gleim study materials helped me to understand the steps required to register and schedule the exam with Prometric. Shortly after I registered for the exam through the IMA website, I received an email containing my authorization. I had already submitted the education and experience requirements, so I was able to go to the Prometric website and select a date, time, and location for my exam. I decided to schedule it on a Saturday afternoon, thinking that I could take off work the day before for final study preparations. This would also allow more than enough time to get there without having to rush around. I can relax and take my time getting there, stay calm, and do my best. I want to give myself any possible advantage on exam day.

Now that I have a target date, I feel more motivated to continue my study plan. I’m working through each study unit and will continue to do more study sessions and test sessions so I can improve my scores. I have made a commitment, and I am motivated to succeed. Best of luck to all of you CMA exam candidates out there. Cheers!


Know more about CMA:

The talent challenge – building capabilities in new operations

By Tony Campion, strategic business partner HR, Coca Cola

As our shared service operations are reasonably new, we are still in the process of working through some of the talent challenges we face, and a key area of focus is how we keep people engaged and how we develop them. We have quite limited bandwidth to continuously promote people into new roles within the finance centres, and with on-going challenges in the wider economy we find people are tending to stay rather than move on to new opportunities in the external environment. Our focus is on establishing the reputation of the finance centres and making sure a ‘them’ and ‘us’ culture does not prevail across the broader finance function, because this obviously impacts in driving mobility of people from the business into the shared service centre but also vice-versa. We also recognise that the skills needed by finance professionals in the shared service centre are quite different – they aren’t skills that are always prioritised or developed in a traditional finance organisation.

Solutions – building capabilities in new operations

  1. Recognise different locations may bring different capabilities. We see strengths and weaknesses across our different locations, so it’s important to think more broadly in terms of capabilities that are needed in different areas, and how these complement each other. You also need to factor this in to location selection.
  2. Appreciate that shared service operations call into play a different skill-set, and plan to develop these. We consistently use a 70/20/10 blended learning approach which develops the technical, business and management skills increasingly needed – we see capabilities such as cultural skills, virtual working, change management, working in a matrixed environment and of course customer service as essential. We are currently establishing a coaching programme to provide opportunities for individuals to learn from more experienced hires.
  3. Ensure a talent review process is embedded into the performance management process and plan for succession. We use a rating system which rates both the achievement of objectives and the achievement of competencies. We also assess those with high potential and build this into a transparent formal succession plan.

This case study appeared in an ACCA report on Talent and capability in global finance functions. As part of ACCA’s qualitative research leading organisations shared their approaches. 

Find out Average ACCA salaries in U.A.E

UAE had been quite a good market for Pakistani accountants whether partly qualified CAs or ACCAs. Moreover, our engineers had much demand over there. However, the situation in UAE, after the economic crisis, is heard to be not very good right now any layoffs is a continuous phenomena.

UAE is not diversify economy especially Dubai emirates, here major or only sector you can say is construction/real estate industry or its supporting industries. Other industry is shipping/cargo & Foods sector.

Employees with a Chartered Certified Accountant: ACCA (Association of Chartered Certified Accountants) Certification

Salary Ranges by Job
Job Title
National Salary Data (?)
AED 0 AED 210K AED 420K

44 salaries
AED 36,407 – AED 215,424
Financial Controller

8 salaries
AED 45,781 – AED 412,707
Senior Auditor

6 salaries
AED 44,219 – AED 195,334
Assistant Accountant

6 salaries
AED 24,202 – AED 61,042

6 salaries
AED 58,958 – AED 102,550
Country: United Arab Emirates | Currency: AED | Updated: 25 Jul 2013 | Individuals Reporting: 146