User:Wparacha/Management Accountants Day

Institute of Cost and Management Accountants of Pakistan Management Accountants Day Celebrating 61st Year of Professional Excellence Living nation celebrates their founding day with joy while rejuvenating their commitment towards purpose of existence. The same is true for the institutions. It is the time when you proud of your past achievements, remember the lessons that history taught and commitment towards an infinite future to maintain the legacy of achievements and to continue bringing innovation. It is the day to reaffirm your promises to provide a better institution for the generations to come. It is the day to overcome the differences to give diversity a new positive look. It is the day to honor those who served the Institute in different capacities to give recognition for their services. The fraternity of the Management Accountants has its presence across the globe. They play an important role in the development of economy. Currently, the members of the Institute are serving in more than 50 cities within the country and 43 countries abroad. The inception of this profession on May 23, 1951 was a dream become reality when the era of industrialization demanded businesses to become internally effective and efficient for survival. The focus was to ensure maximum utilization of resources and to achieve cost effectiveness. Later, the factors of production become a focal point for the industries to achieve efficiency and economies of scale. The Management Accountants helped the industry achieve those objectives which were envisioned at the time of establishment of Pakistan Institute of Industrial Accountants (PIIA), former name of ICMAP. The professionals provided by this Institute to the corporate sector proved themselves to be cornerstone in the progression of economy of the country in particular and other economies in general. We can say with proud that Management Accountants’ specialty towards cost management and management accounting made them part of the strategic and decision making team where nucleus of future direction depends on effective utilization of resources and cost efficiency. The Management Accountants throughout the world in general and Pakistan in particular concentrated their competencies, skills and energy to: develop processes for the businesses; prepare, interpret and communicate such information required by strategic management to plan, evaluate and control within an entity; assure appropriate use of and accountability for organization’s resources. Apart from strategic change from within, Management Accountants remained instrumental in resolving matters related to non-management groups such as shareholders, creditors, regulatory agencies and tax authorities. Even today, if the corporate sector, industry, trade and businesses want to come out of ongoing crisis situation, they need to turn their focus more towards Management Accounting. TODAY, the Management Accountants across the globe are considered as Business Leaders and by virtue of their accounting and finance competencies and business acumen, they are now the choice of employers for top management positions. The industry, trade and businesses found Management Accountants an integral part of their strategic team due to effective amalgamation of finance and business knowledge and skills. With this legacy, we the members, employees, students and faculty are all set to Celebrate 61st Management Accountants Day on May 23, 2012 Join us on our respective Branch’s Invitation to celebrate the occasion in a most befitting manner … On behalf of the Council and ourselves, please accept our heartiest congratulations on the forthcoming anniversary day of the Institute. Long Live ICMAP … Long Live Pakistan … Jawed Mansha Chairman Corporate Relations & Communication Committee Waqas Ahmed Paracha F-1149