Karachi, January 27th, 2013: Chartered Institute of Management Accountants (CIMA) hosted a dinner in honor of Gulzari Lal Babber, President of CIMA Global here in the Metropolitan at the Marriot Hotel. CIMA is the largest management accounting body in the world, with more than 195,000 members and students in more than 176 countries. CIMA also is a member of the International Federation of Accountants.
The event started with recitation of verses from the Holy Quran and a brief intro of Mr. Gulzari Lal Babber by the host, Anoushey Ashraf. Afterwards Regional Director Mr. Bradley Emerson shared his experience of being associated with CIMA Global and the contribution of Pakistan in producing qualified accountants.
Addressing all the attendees Mr. Gulzari Lal Babber highlighted the fact that Pakistan has produced a number of CIMA qualified accountants who are rendering their services in all around the Globe and have proven their abilities to the world, but he also stressed that Pakistani Industry badly needs CIMA qualified accountants. He said that last year, 29,000 students had enrolled with CIMA, which developed as the leading professional body in areas of product costing, budgeting, management accounting, investment appraisal and business decision-making. Mr. Gulzari Lal Babber stated that CIMA goal is to make people and bussinesses succeed. CIMA has 3 offices in Pakistan including Karachi, Lahore and Islamabad. He added.
After the President’s address, Dr. Arul Sivagananathan, Managing Director of Hayleys Business Solutions International (Pvt) Ltd., Srilanka gave a short presentation on “Transformation of Finance Function”.
Gulzari Lal Babber has been a CIMA member since 1984 and served as a council member before being elected CIMA President. He is one of the institute’s registered members in practice and since 1985 has run his own accountancy and taxation practice in Harrow, West London.
Since 2001 he has chaired a number of CIMA’s policy committees including the members’ services committee, the marketing committee, the professional standards committee and the technical committee. He has also been a member of the institute’s executive committee.
CIMA, founded in 1919 as “The Institute of Cost and Works Accountants” (ICWA) is the world’s largest professional body of management accountant offering the most relevant finance qualification for business. . It developed a position as the leading professional body in the areas of product costing, budgeting, management accounting, investment appraisal and business decision making.
The institute changed its name from ICWA to the “Institute of Cost and Management Accountants” (ICMA) in 1972 and subsequently to the “Chartered Institute of Management Accountants” (CIMA) in 1986, after it was granted a Royal Charter, a globally recognized accounting qualification, based in the UK and particularly honored in Commonwealth countries. Its membership has grown from 15,000 in 1970 to 79,757 members and 92,909 students in 2009. CIMA has played a role in founding fraternal professional bodies such as the Institute of Cost and Management Accountants of Pakistan, the Institute of Cost and Management Accountants of Bangladesh, the Institute of Cost and Works Accountants of India and the Institute of Management Accountants (USA).