The UAE Ministry of Finance (MoF) has signed a strategic Memorandum of Understanding (MoU) with the Institute of Management Accountants (IMA) to launch the Certified Management Accountant (CMA) and Financial and Managerial Accounting Associate (FMAA) certifications.
The MoU is part of the Ministry’s ongoing efforts to equip national cadres with the highest global professional standards in accounting and financial management.
The launch of the CMA and FMAA certifications is under the Ministry’s ambitious initiatives to promote professional excellence in the government financial sector by enabling employees to obtain prestigious international professional certifications that support financial sustainability and leadership in federal performance.
H.E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, stressed that the new partnership will support the Ministry’s strategy aimed at bringing about a paradigm shift in the development of national financial talent, reinforcing leadership in public finance and sustainable development.
AlKhoori noted that the launch of these certifications, in collaboration with IMA, is an important milestone in the development of the federal financial work environment, empowering national cadres with the latest knowledge and technical tools. It will help enhance their readiness to keep pace with the rapid transformations in public finance and financial analysis and reinforce the foundations of institutional excellence and professional innovation.
Mike DePrisco President and CEO IMA
“This collaboration with the Ministry of Finance represents a milestone in our shared mission to advance the management accounting profession globally. The UAE has always demonstrated excellence in building a future-ready economy, and by equipping government talent with the CMA and FMAA certifications, the Ministry of Finance is setting a global standard of excellence, accountability, and strategic financial management. We are pleased to collaborate with the Ministry of Finance on this forward-looking initiative aimed at enhancing accounting and finance capabilities.”
Specialized professional programs
The MoU aims to establish a comprehensive framework of cooperation between MoF and IMA in the fields of accounting, financial management, and business development, leveraging IMA’s expertise and specialised programs to qualify accountants and financial professionals within the Ministry and across federal government entities.
Under this MoU, advanced training programs leading to the CMA and FMAA certifications will be offered, enhancing the development of national professional talent in the financial and accounting sector and reinforcing excellence in institutional performance.
The MoU also includes collaboration on exchanging professional insights and consulting on international initiatives and trends in business and accounting, supporting the adoption of global best practices and strengthening the UAE’s position as an advanced financial centre.
The two sides will also work together to organise specialised professional events, including conferences, seminars, workshops, forums andround tables, aimed at bolstering ongoing professional development efforts for accounting and financial management professionals across the country.
