CGMA Global Economic Forecast to be Released by CIMA and AICPA on 10th July
The results of the CGMA Global Economic Forecast will be announced on Tuesday 10th of July by the American Institute of CPAs (AICPA) as well as Chartered Institute of Management Accountants (CIMA).
This second quarter forecast as well as the figures related to CGMA Global Economic Index basically offer a complete outlook on regional as well as world economics as perceived by over six hundred CEOs, controllers, CFOs and other executives of management accounting who offer guidance and help companies take strategic decisions in over sixty countries across the world.
CIMA and AICPA release the CGMA Economic Forecast on a quarterly basis. The latest forecast was prepared on the basis of the questionnaire shared with CEOs, controllers and CFOs among others from 23rd May to 18th June 2012 via email. As part of the questionnaire the management accountants were requested to rater their optimism with regard to global economy, their organizations and their national economies.
The forecast also took responses from these very senior executives on matters such as their expectations with regard to profits and revenues, their spending plans as well as their employment outlook over the next six to twelve months. The index prepared by CIMA and AICPA takes ten equal factors into consideration to come up with an analysis of the actual picture of the global economy in the upcoming months.
It is important to note here that both CIMA and AICPA are two of the world’s most reputed accounting bodies that have formed a JV (joint venture) to set up the Chartered Global Management Accountant (CGMA) designation in their bid to take management accounting profession to newer heights. The primary reason behind establishing the designation is to recognize some of the highly talented as well as committed management consultants who have the skills, expertise and discipline required for driving strong business performance.
CIMA, set up in the year 1999, is the leading as well as largest Management Accountants professional body in the world that boasts of over 195,000 members as well as students operating in hundred and seventy six countries. The members and students of CIMA work in public sector, industry, commerce as well as Non-profit organizations.
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