The Indian Institute of Management, Calcutta (IIMC) is all set to enter a collaboration with the Chartered Institute of Management Accountants (Cima), to jointly establish a National Centre for Management Accounting.

The intention is to shape international best practices in the area of management accounting, which, along with enterprise governance, is a core strength of Cima, a leading membership body that offers an internationally recognised professional qualification in management accountancy.

For Cima, which has over 1,55,000 students and a presence in some 158 countries, this proposal to IIM-C is a means of building up its presence in India. Later, it also plans to set up a few regional hubs.

IIM-C already has a Centre for Corporate Governance, which will work with the new IIMC-Cima National Centre for Management Accounting to support Cima’s initiatives in the area of enterprise governance.

“The Cima authorities felt that there was a synergy between the two and discussions between us have almost reached the final stages,” Asish K Bhattacharyya, professor of finance and control and co-ordinator, Centre for Corporate Governance, told ET.

“The Centre will conduct research, prepare and publish papers in international journals, conduct field studies and case studies, hold international conferences and train corporate executives,” he added.

During ‘07-08, the Centre will launch a one-year certificate programme on Financial Statement Analysis and Business Valuation. This apart, the Centre will also offer short duration executive education programmes in the area of management accounting.

For senior managers, there will be the following training programmes: strategic cost management and financial statement analysis and business valuation.