IIM Calcutta

IIM Calcutta Establishes CIMA-IIMC Centre of Management Accounting at its Campus

The Indian Institute of Management Calcutta has entered into a collaboration with the Chartered Institute of Management Accountants (CIMA), London to establish a Centre for Management Accounting at the Indian Institute of Management Calcutta campus. The

Centre will work to create and disseminate knowledge to change management accountancy practices in India and other countries. This will also foster the inter-disciplinary research in IIM-C and other academic institutions in India. 

A Memorandum-of-Understanding (MoU) between the two institutes has recently been signed. According to this, CIMA will sponsor the Centre and a CIMA Professor of Management Accounting for an initial period of three years. The governance of the Centre will be facilitated by the creation of a Centre Advisory Board. The Board will have a chair-person, who will be a person nominated normally by CIMA and IIM-C by rotation and approved by the other partner.

The Centre would hold conferences and seminars on a regular basis, at least once a year. CIMA will arrange to pay the travel cost of foreign experts, who will speak at the annual conference to be organised by the Centre.

IIM-C will undertake the research to act as an Academic Host to the Centre. The scope of the research is international and will include investigations relating to the professional development of management accountants throughout their careers as well as other contemporary issues linked to CIMA's Centre of Excellence based at the University of Bath, School of Management in the UK.

IIM-C and CIMA will publish results arising from the research and will discuss the same in internal seminars.