The scheme will allow both UK and international CIPFA members to use a new CIMA gateway route to attaining Chartered Global Management Accountant status.
CIPFA chief executive Rob Whiteman said that this landmark offering would provide CIPFA members with a fantastic opportunity to build their management accounting skill set.
“With the reconfiguration of public services, our members are increasingly working across public and corporate environments and require multiple specialist skills that straddle sectors,” he said.
“The new route promises to support this by boosting capacity and thereby also maximising value for employers for staff seeking to extend their continuous professional development.”
Under the scheme, CIPFA members will qualify for up to 14 exemptions. Members will complete a gateway exam (also known as the management case study exam) and move on to a strategic case study exam, bypassing three strategic level objective tests.
CIMA chief executive Andrew Harding said CIMA was excited about the growing collaboration with CIPFA.
“This is an important step to strengthen our partnership with one of the most respected professional bodies in the public sector,” he added.
“Our CGMA designation is recognised across the world as the designation for management accountants. We are delighted to share our expertise and knowledge and to enable CIPFA members to gain our globally recognised qualification.”