The partnership between the Chartered Institute of Management Accountants (CIMA) and the Thailand Federation of Accounting Professions (TFAC) has been extended for an additional three years. This collaboration is aimed at fostering future-ready talent within the accounting sector in Thailand.
CIMA’s Vice President for Asia Pacific, Venkkat Ramanan, expressed the significance of renewing the agreement with TFAC, stating that it marks a crucial milestone in advancing the accounting and finance profession in the Asia Pacific region. The goal is to equip Thai professionals with the necessary insights, tools, and recognition to lead their organizations confidently amidst a rapidly evolving business landscape.
Initially established in 2019, the memorandum of understanding allows TFAC members to pursue CIMA membership by successfully passing the CGMA Professional Qualification Strategic Case Study Exam. This initiative is designed to enhance the professional standards within the accounting field in Thailand. Candidates seeking to become CIMA members are also required to meet practical experience criteria to demonstrate their competency in the workplace.
The partnership has not only created new job opportunities for professionals in accounting, finance, and business but has also provided employers in Thailand with access to a wider talent pool. This has ultimately contributed to elevating the overall quality of the workforce in the region.
TFAC President, Winid Silamongkol, expressed satisfaction in renewing the partnership with CIMA, emphasizing their joint commitment to professional excellence, innovation, and the advancement of the management accounting profession in Thailand. In an ever-evolving global landscape, both organizations believe that their collaboration will have a meaningful and lasting impact on accounting, finance, and business professionals in Thailand.
The article, “CIMA, TFAC renew MoU to enhance accounting talent in Thailand,” was originally published by The Accountant, a brand owned by GlobalData.
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