The Chartered Institute of Management Accountants (CIMA), the leading body of management accountants globally, has launched Certificate in Business Accounting for SMEs (CERTBA for SMEs) a business skill and financial management programme for entrepreneurs in the Nigerian market.
Designed for small to medium business entrepreneurs, CERTBA for SMEs, addresses the financial management challenge or crisis facing entrepreneurs as they strive to enhance profitability while managing working capital. The global programme, which is now available in Nigeria, helps small to medium size businesses create a sustainable framework for good decision making, effective management of risks and cash flow.
Associate Director for Nigeria, Ijeoma Anadozie, said: “The programme is designed to elevate small to medium enterprise in Nigeria to success by helping them to develop financial management and corporate governance skills required for their firm’s survival and growth. It is a learning programme designed to ensure that entrepreneurs, especially those without a finance background, have a solid grasp of the fundamentals of business and finance, as well as the skill and confidence to run their small business like a big business CEO.
“The CertBA for SMEs programme was based on extensive research and consultation with senior executives and business owners worldwide, ensuring that the learning reflects the emerging issues faced by businesses and responds to their need for competent, confident and skilled entrepreneurs.”
CIMA CERTBA for SMEs will equip entrepreneurs with the knowledge and skills required to survive in todayâ€™s highly competitive market. Across, Europe and Asia, the programme ensured that entrepreneurs do not just have better business skills and financial literacy, but also run a better business.
The Chartered Institute of Management Accountants (CIMA), founded in 1919, is the worldâ€™s leading and largest professional body of management accountants, with members and students operating in 177 countries, working at the heart of business. CIMA members and students work in industry, commerce, the public sector and not-for-profit organisations.
Financial certifications, aka financial designations, are credentials that investment and financial industry professionals use. Represented by a trio or duo of letters after a name, they indicate a degree of education/training and specialization on the part of the individual.
If you have trouble telling the difference between a CFA®, CFP®, CIC, ChFC, or any of the other financial certifications, you're not alone. How do you sift through this alphabet soup to find the best financial professional for you? Let's look at the nine most popular designations with a brief explanation of the education and expertise each designation signifies and the kind of work done by the professionals holding them.
Those with the CFP® designation have demonstrated competency in all areas of financial planning. Candidates complete studies on more than 100 topics, including stocks, bonds, taxes, insurance, retirement planning, and estate planning. The program is administered by the Certified Financial Planner Board of Standards Inc.
In addition to passing the CFP certification exam, candidates must also complete qualifying work experience and agree to adhere to the CFP board's code of ethics, and professional responsibility and financial planning standards.
A financial planner works with individuals to help them understand their options and make financial decisions suited to their personal financial situation and goals. Because of the nature of their work, people place a good deal of trust in these individuals. The CFP board posts information on the financial planning process and current licensees, which lets clients of CFPs verify if their financial planners' designations are in good standing. The last thing anyone needs is to choose a CFP whose certification has been revoked.
This designation is offered by the CFA Institute (formerly the Association for Investment Management and Research [AIMR]). To obtain the CFA charter, candidates must successfully complete three difficult exams and gain at least three years of qualifying work experience, among other requirements. In passing these exams, candidates demonstrate their competence, integrity, and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management, and securities analysis.
CFA charter holders tend to be analysts who work in the field of institutional money management and stock analysis, not financial planning. These professionals provide research and ratings on various forms of investments.
As the name implies, an individual with this certification has demonstrated his or her expertise in mutual funds and the mutual fund industry. These individuals often advise clients on which funds to invest in and, depending on whether or not they have their license, they will buy and sell funds for clients. The Institute of Business and Finance (IBF), formerly known as the Institute of Certified Fund Specialists, provides training for the CFS; and the course focuses on a variety of mutual fund topics, including portfolio theory, dollar-cost averaging, and annuities.
The knowledge these CFS designees hold is kept current through their continuing education requirements.
Individuals with the Chartered Financial Consultant (ChFC) designation have demonstrated their vast and thorough knowledge of financial planning. The ChFC program is administered by the American College of Financial Services. Candidates must complete an exam in financial planning, including income tax, insurance, investment, and estate planning, and are required to have a minimum of three years of experience in a financial industry position.
Like those with the CFP designation, professionals who hold the ChFC charter help individuals analyze their financial situations and goals.
Given by the Investment Adviser Association, CFA charter holders who are currently registered investment advisors can study for this is a designation. The CIC program's focus is on portfolio management. In addition to proving their high-level expertise in portfolio management, CIC candidates must also adhere to a strict code of ethics and provide character references.
Individuals who hold the CIC charter tend to be among the financial world's major players, such as those who manage large accounts and mutual funds.
The Certified Investment Analyst (CIMA) designation focuses on asset allocation, ethics, due diligence, risk measurement, investment policy, and performance measurement. As this certification signifies a high level of consulting expertise, only individuals who are investment consultants with at least three years of professional experience are eligible to try for the CIMA. The Investments & Wealth Institute, formerly the Investment Management Consultants Association, offers CIMA courses.
Individuals who hold CIMA designations are required to prove their expertise through continual recertification, which requires CIMA designees to complete at least 40 hours of continuing education every two years.
CIMA designation holders tend to have careers with financial consulting firms, which involve extensive interaction with clients and managing large accounts.
The CMT® designation is granted by the New York-based CMT Association. The CMT is the highest level of training within the discipline of technical analysis and is the preeminent designation for practitioners worldwide. Technical analysis provides the tools to successfully navigate the gap between intrinsic value and market price across all asset classes through a disciplined, systematic approach to market behavior and the law of supply and demand.
Earning the CMT demonstrates mastery of a core body of knowledge of investment risk in portfolio management, including quantitative approaches to market research and rules-based trading system design and testing. CMTs likely would be employed in the sales and trading departments of sell-side firms, as research analysts in firms that provide technical analysis to their clients, or working as portfolio managers and investment advisors.
A certified public accountant (CPA) is a designation provided to licensed accounting professionals. The CPA license is provided by the Board of Accountancy for each state.
Those holding the CPA designation have passed examinations in accounting and tax preparation, but their title does not indicate training in other areas of finance. So, those CPA holders who are interested in gaining expertise in financial planning in order to supplement their accounting careers need to become certified as personal finance certified (PFS).
The PFS designation is awarded by the American Institute of CPAs to those who have taken additional training and already have a CPA designation.
Public accountants—individuals working for a firm that provides accounting and tax-related services to businesses and publicly traded companies—must hold a CPA designation.
This designation is issued by the American College and those who hold it work mostly as insurance agents. The CLU designation is awarded to persons who complete a 10-course program of study and 20 hours of exams. The course covers the fundamentals of life and health insurance, pension planning, insurance law, income taxation, investments, financial and estate planning, and group benefits.
It's important to realize that not all certifications are created equal. While some, like the CPA, reflect a state-issued or -sanctioned license (allowing the person to legally practice or do certain activities), others are simply industry-awarded designations. They may indicate a certain degree of experience and education but aren't mandatory qualifications to work in the field.
While certifications are not everything, you should deliver extra credit to investment professionals who have them. Most of these certifications require candidates to put in many hours of study and meet high ethical and professional standards.
For instance, to get the CFA designation, candidates must put in approximately 250 hours of memorizing per exam, and there are three exams to pass. The tests are so intensive that approximately 64% of those who take just the level 1 exam will fail. Those who make it through all three levels to become charter holders are also bound by a code of ethics and rules of professional conduct, among other requirements.
Although all of these exams are intense and the hours can be long, these designations should be only one part of your criteria when deciding on a financial professional.
The CFP (certified financial planner) is a particularly prestigious designation. One of the oldest in the profession, it requires years of experience, successful completion of standardized exams in several areas, a demonstration of ethics, and a college degree—as well as ongoing education in the field.
If a planner wants to delve more deeply into investments and advise clients about them, they might also obtain a CIMA (certified investment analyst).
The certified investment analyst designation seems to. According to an Investments & Wealth Institute-commissioned survey, the financial advisors who are members of CIMA practices (defined as having at least one practice member with a CIMA certification) report earning a higher annual income compared to financial advisors who are members of practices with no CIMA certification. Some 12% of advisors at CIMA practices earn more than US$380,000, compared to 3% of advisors at practices with no CIMA designation.
A CPA also seems to offer a good return on investment. While the median salary of an accountant is $73,560 per year, according to the Bureau of Labor Statistics, senior CPAs with over 20 years of experience could command an average of $150,000 annual salary, according to Accounting Today magazine and the American Institute of CPAs.
Financial certifications are usually awarded by a designated industry group, association, or degree-granting institution. Their requirements often include the taking of certain courses and the passing of exams, a certain number of years' experience or apprenticeship in the profession, a college degree, membership in the association, and a commitment to ongoing education in the field.
If you have to deal with a financial professional, it's important that you know the extent of his or her expertise in different areas of finance. Now you have an idea of what some of the designations mean and what they require from those who hold them.
The Chartered Institute of Management Accountants (CIMA), in partnership with PwC’s Academy in the Middle East, has launched a specialised Diploma in Performance Management for finance and accounting professionals in the UAE. The first training programme will be offered from 18-25 September in Dubai and the 25th of September to October 2nd in Abu Dhabi.
An information session will be held on Tuesday 13 September 2011 at the Shangri-La Hotel in Dubai from 6:00 to 8:00 PM.
The Diploma is the first international qualification in management accounting developed by CIMA to be offered in Arabic. The programme available at PwC’s Academy in Dubai addresses the professional growth needs of Arabic-speaking financial managers and accountants in the UAE who are desparate on advancing their job skills and become certified as a specialist by CIMA.
CIMA and PwC have successfully worked together to introduce the programme in several countries, including Russia, and adapted it to the local languages. The overwhelmingly positive response from around the world encouraged them to extend the programme it to the Middle East. PwC, having run similar successful programmes in Central and Eastern Europe for over ten years, will facilitate the first Diploma in Performance Management to be offered in Arabic anywhere in the world.
“Having the right job skills and training not only helps employees handle work challenges with ease but also allows them to stay ahead and contribute more efficiently to an organisation’s growth,” said Geetu Ahuja, CIMA Regional Manager for the Middle East. “We identified a gap in the region for professionals with advanced qualifications in financial performance management and hence designed a programme in Arabic focusing on the accounting, budgeting and forecasting techniques needed to manage and measure current and projected performance, including pricing, planning and control.”
CIMA is now able to bring a training solution to the region that can help the local need for talent development, especially within the realm of Emiratisation.
CIMA's Arabic Diploma in Performance Management, which was designed and will be reviewed by CIMA UK, consists of two modules: Performance Operations and Performance Management. Students who successfully complete the course and earn the required examination results will be rewarded with the CIMA Arabic Diploma in Performance Management.
The Chartered Institute of Management Accountants (CIMA) has signed an agreement with Shanti Business School (SBS) for the remote, digital self-paced learning programme namely The CGMA® Finance Leadership Programme. According to the official statement, the partnership aims to enable SBS to offer the CGMA® Finance Leadership Programme to students currently enrolled in its post graduate diploma in management (finance) programme.
The statement said, CGMA® Finance Leadership Programme enables instant on-line access for aspiring business and finance leaders to learn finance skills to the equivalent of a master’s degree. It further provides a new guided learning and assessment route to complete CIMA’s CGMA Professional Qualification and earn the CGMA® designation. With the help of real-life case simulations, the programme aims to teach a mix of finance, accounting, business, people, leadership and digital skills that are needed to build successful careers, the statement added.
“We have partnered with Shanti Business School to promote our CGMA® Finance Leadership Programme, a complete digital learning platform which will enable business students to become Chartered Global Management Accountants and CIMA members. With the impact of digitalisation, it is crucial for students to have strong skillsets and competencies to stay competitive in job market. I believe the CGMA® Finance Leadership Programme is the right tool that students can use to get the relevant skills and mindset to prepare themselves for the future workforce,” Bhaskar Ranjan Das, director, South Asia, AICPA, CIMA, said.
Further, the statement mentioned that students can start their CIMA journey while studying with SLIIT and start the programme at the appropriate entry level, building on their existing educational achievements. On successfully completion of the programme and fulfillment of practical experience requirements, students will become CIMA members and earn the CGMA® designation, the statement noted.
“This collaboration with CIMA will deliver opportunity for our SBS students to gain the Chartered Global Management Accountant designation, and will increase their employability and competitiveness on both the national and global labour markets,” Neha Sharma, director, Shanti Business School, Ahmedabad, said.
Also Read: While 57% of Indians aspire to study abroad, 83% believe foreign degree to deliver competitive edge: Report
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The 2023 Giro d’Italia will begin with a spectacular 18.4km time trial on a bike path along the Abruzzo coast and end with a circuit stage in historic Rome, with a total of 70.6km of time trialling but also seven summit finishes and a tough final week through the Dolomites and Julian Alps.
The 2022 Giro included just 26.2km of time trialling, one at the start in Budapest and then another on the final stage around Verona. The 106th edition of the 3,448km race Corsa Rosa has three time trials, with a flat 33.6km cronometro in Emilia Romagna mid-race and a final 18.6km mountainous time trial from Tarvisio to Monte Lussari sanctuary on stage 20. The last time the Giro included more than 70km of time trials was in 2013.
The tripling of the time trial distance in next year’s Giro will surely tempt Remco Evenepoel (QuickStep-AlphaVinyl), Primoz Roglic (Jumbo-Visma) and Geraint Thomas (Ineos Grenadiers). But the 2023 route also includes a total of 51,300 metres of climbing and mountain finishes at Campo Imperatore, Crans Montana in Switzerland, Monte Bondone, the little-known Val di Zoldo and Tre Cime di Lavaredo.
The stage into Switzerland climbs the 2469-metre Colle del Gran San Bernardo, which will award the Cima Coppi prize to the first rider over the highest climb of the race. The Tre Cime di Lavaredo stage ends at 2304 metres and perhaps above the late-May snow line.
The 2023 Giro d’Italia will start on Saturday, May 6 and end on May 28, with eight stages suiting the sprinters and four hilly stages perfect for aggressive breakaways. The first week is in the south of Italy before a ride north via Tuscany, Turin, Bergamo and the Dolomites.
Business rather than the environment has won out on the location of the final stage, with an initial agreement with Trieste replaced with a more lucrative and prestigious deal for a finish in the capital, Rome. That means the riders and Giro caravan will face a 750km transfer by car, train or plane for a final circuit stage.
The full 2023 Giro d’Italia route was presented in Milan on Monday, with 2022 overall winner Jai Hindley (Bora-Hansgrohe) one of the guests of honour, along with ciclamino sprints jersey winner Arnaud Demare (Groupama-FDJ) and blue climber’s jersey winner Koen Bouwman (Jumbo-Visma).
Former winners Vincenzo Nibali and Alberto Contador were also present at the Giorgio Gaber Teatro Lirico in central Milan, both lobbying for wild card places in the race for their respective teams. Nibali is working with the new Swiss ProTeam created by Doug Ryder and the q36.5 clothing brand, while Contador is part of the management team of the Eolo squad.
The Abruzzo region will host the Giro d’Italia Grande Partenza for just the second time. The opening week is in the south of il Bel Paese, with a mix of sprint and breakaway stages through Molise, Puglia, Basilicata and into Campania and Naples.
The opening 18.4km time trial is on the Ciclovia dei Trabocchi coastal bike path along a stunning converted train line that passes fishing shacks and small beaches. The finish is in Ortona with a gentle one-kilometre climb to the line.
The sprinters get their first chance on stage 2 and the San Salvo Marina seafront, while some could survive the late Monte Vulture climbs and also have a chance in Melfi on stage 3.
The first mountain-top finish comes on stage 4 to Lago Laceno after 184km of racing and 3500 metres of climbing. It could produce the first GC battle and a change of race leader.
This year’s stage around Naples was spectacular as Mathieu van der Poel (Alpecin-Deceuninck) clashed with Biniam Girmay (Intermarché-Wanty-Gobert Materiaux) and Thomas De Gendt (Lotto Soudal) won the stage. Next year a sprint stage finishes in Salerno and then stage 6 visits Sorrento and Amalfi for a breathtaking but tough 156km stage that starts and ends in Naples.
The first week includes a return to Abruzzo and a mountain-top finish at Campo Imperatore in the shadows of the Gran Sasso at 2135 metres. The gradual climb up to the finish lasts 45km with only a false flat mid-climb providing respite. Stage 7 from Terni a Fossombrone in Le Marche offers little chance to recover, with 2500 metres of climbing on the short but steep ‘muri’ climbs often used in Tirreno-Adriatico, the last just five kilometres from the finish.
The stage 9 time trial is on the pan flat roads of Romagna near Rimini. The 33.6km route starts in Savignano al Rubicone and finishes in Cesena at the headquarters of the Technogym company. The likes of Evenepoel and Roglic could gain more than a minute on their rivals on this stage and end the first week in the maglia rosa.
After Monday’s first rest day, the Giro crosses into Tuscany and then heads north into Piemonte for expected sprint stages in Viareggio and Tortona, even if both stages include over 2000 metres of climbing.
Things change on stage 12 to Rivoli, with a transition to the bigger and harder climbs. The finale of the 179km stage heads into the hills west of Turin and then follows rolling roads to the finish.
Stage 13 takes the Corsa Rosa out of Italy for the mountain-top finish at Crans Montana in Switzerland and only section of the 2023 outside of Italy. The 208km stage includes 5,100 metres of climbing, with the 2,465-high Colle del Gran San Bernardo the Cima Coppi of the 2023 Giro. The stage also includes the 15km long La Croix de Coeur before the climb up to the finish in the ski resort.
The weekend sees a celebration of Italian cycling, with a finish in Cassano Magnago, Ivan Basso’s home town, and then a hilly stage around Bergamo that covers many of the climbs of Il Lombardia. Local cycling-mad tifosi are expected to invade the roads on both days.
Following a second rest day on a Monday, the riders head east towards Trentino for a classic Giro final week in the mountains.
Stage 16 from Sabbio Chiese to Monte Bondone starts low near Lake Garda but includes 5200 metres of climbing on the way to the mountain top finish. The stage covers the 10km Aldeno road to reach the Monte Bondone finish that includes sections at 15%.
The high, exposed mountain is synonymous with Charly Gaul’s attack in a snowstorm in 1956. Race director Mauro Vegni will be hoping for a similar historic day but perhaps with a little less snow.
The only respite from climbing comes on stage 17 with a ride to Caorle on the Venetian coast that gives the sprinters something to suffer for.
The mountains return on stage 18 for a ‘trittico’ of three stages that will test the overall contenders. If the better time trialists still have an advantage overall at this point, they will surely come under attack from the pure climbers.
Stage 18 is from Oderzo to Val di Zoldo. It is only 160km long but RCS Sport have given it a four-star rating, out of a possible maximum of five, in terms of difficulty. The finale includes the Forcella Cibiana and the first-ever visit to the Coi climb, that includes four kilometres at over 10% and sections at 19% just five kilometres from the finish.
Stage 19 is the classic Giro d’Italia tappone or giant stage. The 182km ride from Longarone to Tre Cime di Lavaredo includes 5400 metres of climbing through the stunning Dolomites.
The second half of the stage includes the Passo di Campolongo, the Passo Valparola, the terrible Passo Giau, the Passo Tre Croci and then up to the Tre Cime di Lavaredo, where Nibali won in the snow in 2013.
A transfer takes the riders east close to the border with Slovenia for the Tarvisio to Monte Lussari 18.6km mountain time trial. The Giro will likely be won and lost on the 10km valley road and then the climb to the finish on concrete roads. RCS Sport compares it to the middle section of the Zoncolan. The climb has an average of 12%, with the opening 4.5 kilometres at 15%!
The late decision to snub Trieste and travel 750km south to the capital Rome, means the 2023 Giro d’Italia winner will be crowned on the capital’s rough roads and around the Fori Imperiali ruins, the Colosseum. The 2023 Giro d’Italia is arguably a race for gladiators, with the last rider standing taking the maglia rosa in Rome.
ABU DHABI, 14th October, 2022 (WAM) -- The top-achieving students of the International Certificate of Proficiency in Arabic (CIMA) will be honoured for their excellence in the language at an award ceremony.
The CIMA certificate – organised as a partnership between the Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi, and the Paris-based Institute du Monde Arabe (IMA) – is the first recognised certification to assess proficiency in modern standard Arabic.
The announcement was made at an event held at the headquarters of the Alliance Française Abu Dhabi, in the presence of Zaki Nusseibeh, Cultural Adviser to the UAE President and the Chancellor of UAE University; Dr. Ali bin Tamim, Chairman of the ALC; Antoine Delcourt, Belgian Ambassador to the UAE; Sultan Al Hajji, President of the Alliance Française Abu Dhabi; Hugo Henry Ceylan, French Cultural Advisor; Saeed Al Tunaiji, Acting Executive Director of ALC and Franck Trouilloud, Director of Alliance Française.
The exam targets those who want to measure their language proficiency, whether to apply for a job, study, or to know their level of competency. The certificates are granted after candidates undergo an academic test of their Arabic language skills.
Tests are held by the Alliance Française, which oversees the testing centres for the CIMA certificate in the UAE, with the certificates being valid for three years. The ALC will soon honour the top performers in the exam at a ceremony in its headquarters in Abu Dhabi.
Chairman of the ALC said, "The CIMA examination is one of the most important joint projects between the ALC and the IMA, with both organisations dedicated to supporting Arabic memorizing and writing among non-native speakers, while promoting its use as a global language of culture, communication, science and creativity.
“Today we celebrate the achievement of a distinguished group of candidates from various disciplines with a CIMA certificate, which confirms Arabic’s great importance among the languages of the world."
Dr. Bin Tamin said the IMA was the ideal partner to support the ALC’s efforts in promoting the Arabic language globally, encouraging its use in France and Europe and highlighting its essential contribution to global culture.
Within the framework of the agreement between the ALC and IMA, Alliance Française will promote the exam, record the number of annual applicants and their proficiency levels, and share information regarding key performance indicators.
The ALC and IMA will also organise joint events in conjunction with international organisations to endorse the Arabic language, as well as extend cooperation on exchanging expertise by taking part in conferences, collaborating on publications and programmes, and organising cultural events. The two parties also agreed on a joint action plan to issue reports about the Arabic language and its use throughout Europe.
Most organizations describe their risk management processes as insufficient and immature, despite perceived high volumes and complexities of risks
NEW YORK, September 27, 2022--(BUSINESS WIRE)--As global organizations face an increasingly complex risk environment, a new report issued today by the AICPA & CIMA and NC State’s Enterprise Risk Management (ERM) Initiative found that the majority have insufficient approaches to risk management and immature ERM processes. The report found that approximately 60 percent of global finance and business leaders agree that the volume and complexity of corporate risk have increased "mostly" or "extensively" over the last five years. However, over two-thirds of respondents do not have complete ERM processes in place.
The 2022 Global State of Risk Oversight: Managing the Rapidly Evolving Risk Landscape includes insights from a survey of 747 global senior finance and business leaders conducted in 2022. The survey measured finance-related executives’ assessments of the level of maturity in their organization’s proactive management of these risks through adoption of enterprise risk management (ERM) processes (a methodology that looks at risk management strategically from the perspective of the entire firm or organization and aims to identify, assess, and prepare for potential losses, dangers, hazards, and other potentials for harm that may interfere with an organization's operations and objectives and/or lead to losses).
Increased uncertainty and rapidly evolving events, including geopolitical shifts, supply chain disruptions, competition for talent, increased volume of available data, climate change concerns, and lingering effects of a global pandemic, are continuing to drive the complexity of risk challenges senior executives across the globe must navigate. Even when faced with these complexities of risks, fewer than half of respondents said they do not believe their risk management oversight model is "mature" or "robust" (Europe & U.K. – 31 percent, Asia & Australasia – 41 percent, Africa & Middle East – 26 percent, U.S. – 29 percent). And, similarly, only between one-third to one-half of respondents claim to have a complete ERM processes in place (Europe & U.K. – 33 percent, Asia & Australasia – 41 percent, Africa & Middle East – 29 percent, U.S. – 32 percent).
"Globally, organizations face the realities of an increasingly complex risk environment while realizing their current approach to risk oversight may be insufficient in a rapidly changing risk environment," according to Mark Beasley, KPMG Professor of Accounting and Director of the ERM Initiative at NC State. "And interestingly, even prior to the massively disruptive Covid-19 pandemic, business leaders have sensed an overwhelming volume and complexity of risks impacting their organizations. As this and our previous studies suggest, risk management does not appear to be getting easier."
Business leaders understand their organizations must take risks to generate returns. But there was a noticeable variation among respondents when asked if their risk management processes provided a competitive advantage. A higher percentage of respondents in Asia & Australasia (40 percent) and Africa & Middle East (34 percent) believe their risk oversight is providing an important competitive advantage, while the percentages are much lower in Europe & U.K. (13 percent) and the U.S. (11 percent). However, the report shows a disconnect among views from around the world when risk exposures are considered by senior executives when evaluating possible new strategic initiatives, with higher percentages reported in Asia & Australasia and Africa & Middle East (both 66 percent) and slightly lower in Europe & U.K. (58 percent) and the U.S. (47 percent).
"Business leaders that embrace the reality that risk and return are related are likely to increase their investment in enterprise risk oversight to strengthen their organization’s resiliency and agility when navigating the complex and uncertain risk landscape," said Ash Noah, CPA, CGMA, Vice President & Managing Director of Management Accounting at the Association of International Certified Professional Accountants. "Organizational value goes beyond the balance sheet. Along with providing protection for businesses, embracing ERM supports the creation of value and long-term viability and sustainability."
Additional key findings from the report include:
Respondents in most regions noted Covid-19 having "mostly" or "extensively" changed the nature of top risks affecting their organization - Europe & U.K. (48 percent), Africa & Middle East (61 percent), Asia & Australasia (71 percent), U.S. (41 percent).
Most executives do not believe their organization’s risk management processes provide competitive advantage - Europe & U.K. (13 percent), Africa & Middle East (34 percent), Asia & Australasia (40 percent), U.S. (11 percent).
About one-half of organizations outside of the U.S. describe their metrics for monitoring risks as "mostly" to "extensively" robust (Europe & U.K. – 47 percent, Asia & Australasia – 47 percent, Africa & Middle East – 50 percent), while only 31 percent in the U.S. describe their metrics at that level.
Most organizations (Europe & U.K. – 64 percent, Asia & Australasia – 64 percent, Africa & Middle East – 76 percent) claim to have a standardized process for identifying risks, where the U.S. is the exception at 51 percent.
The 2022 Global State of Risk Oversight: Managing the Rapidly Evolving Risk Landscape includes data collected during 2022 through an online survey of global business leaders across four core regions (Europe & the U.K., Asia & Australasia, Africa & the Middle East, United States). In total, 747 fully completed surveys were submitted. Of those about half serve in senior accounting and finance roles, with the remaining representing a variety of management positions within a range of industries.
About the Association of International Certified Professional Accountants, and AICPA & CIMA
The Association of International Certified Professional Accountants® (the Association), representing AICPA® & CIMA®, advances the global accounting and finance profession through its work on behalf of 689,000 AICPA and CIMA members, students and engaged professionals in 196 countries and territories. Together, we are the worldwide leader on public and management accounting issues through advocacy, support for the CPA license and specialized credentials, professional education and thought leadership. We build trust by empowering our members and engaged professionals with the knowledge and opportunities to be leaders in broadening prosperity for a more inclusive, sustainable, and resilient future.
The American Institute of CPAs® (AICPA), the world’s largest member association representing the CPA profession, sets ethical standards for its members and U.S. auditing standards for private companies, not-for-profit organizations, and federal, state, and local governments. It also develops and grades the Uniform CPA Examination and builds the pipeline of future talent for the public accounting profession.
The Chartered Institute of Management Accountants® (CIMA) is the world’s leading and largest professional body of management accountants. CIMA works closely with employers and sponsors leading-edge research, constantly updating its professional qualification and professional experience requirements to ensure it remains the employer’s choice when recruiting financially trained business leaders.
About North Carolina State University’s Enterprise Risk Management (ERM) Initiative
The Enterprise Risk Management (ERM) Initiative in the Poole College of Management at North Carolina State University provides thought leadership about ERM practices and their integration with strategy and corporate governance. Faculty in the ERM Initiative frequently work with boards of directors and senior management teams helping them link ERM to strategy and governance, host executive workshops and educational training sessions, and issue research and thought papers on practical approaches to implementing more effective risk oversight techniques (www.erm.ncsu.edu).
View source version on businesswire.com: https://www.businesswire.com/news/home/20220927005281/en/
NC State University
The MarketWatch News Department was not involved in the creation of this content.
Sep 29, 2022 (The Expresswire) -- According to this latest study, In 2022 the growth of Test Management Tools Market is projected to reach Multimillion USD by 2029, In comparison to 2021, Over the next Seven years the Test Management Tools Market will register a magnificent spike in CAGR in terms of revenue, In this study, 2022 has been considered as the base year and 2022 to 2029 as the forecast period to estimate the market size for Test Management Tools.
Global “Test Management Tools Market" Report is a detailed and comprehensive analysis for global Test Management Tools market. Both quantitative and qualitative analyses are presented by manufacturers, by region and country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2022, are provided.
Final Report will add the analysis of the impact of COVID-19 on this industry.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Chapter 3focuses on analyzing the current competitive situation in the Test Management Tools market and provides basic information, market data, product introductions, etc. of leading companies in the industry. At the same time, Chapter 3 includes the highlighted analysis--Strategies for Company to Deal with the Impact of COVID-19, Top Key Players are as follows :
● QA Complete
● Test Collab
● Meliora Testlab
Scope Of the Test Management Tools Market:
The Global Test Management Tools market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. In 2020, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Test Management Tools. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2022-2029.
Test Management Tools Market size is projected to reach Multimillion USD by 2029, In comparison to 2022, at unexpected CAGR during 2022-2029.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Test Management Tools in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Report further studies the market development status and future Test Management Tools Market trend across the world. Also, it splits Test Management Tools market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.
Chapter 4 provides breakdown data of different types of products, as well as market forecasts.
● Cloud Based
● Web Based
Different application fields have different usage and development prospects of products. Therefore, Chapter 5 provides subdivision data of different application fields and market forecasts.
● Large Enterprises
Chapters 7-26 focus on the regional market. We have selected the most representative 20 countries from ;197 countries in the world and conducted a detailed analysis and overview of the market development of these countries.● North America (United States, Canada and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Turkey etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam) ● South America (Brazil, Argentina, Columbia etc.) ● Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Test Management Tools Market Research/Analysis Report Contains Answers to your following Questions● Which Manufacturing Technology is used for Test Management Tools? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? ● Who Are the Global Key Players in This Test Management Tools Market? What are Their Company Profile, Their Product Information, and Contact Information? ● What Was Global Market Status of Test Management Tools Market? What Was Capacity, Production Value, Cost and PROFIT of Test Management Tools Market? ● What Is Current Market Status of Test Management Tools Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Test Management Tools Market by Taking Applications and Types in Consideration? ● What Are Projections of Global Test Management Tools Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export? ● What Is Test Management Tools Market Chain Analysis by Upstream Raw Materials and Downstream Industry? ● What Is Economic Impact On Test Management Tools Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? ● What Are Market Dynamics of Test Management Tools Market? What Are Challenges and Opportunities? ● What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Test Management Tools Industry?
Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.
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Major Points from Table of Contents
Global Test Management Tools Market Research Report 2022-2029, by Manufacturers, Regions, Types and Applications
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2015-2029)
1.5 Currency Considered (U.S. Dollar)
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Test Management Tools Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Test Management Tools Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Test Management Tools Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.5 Downstream Major Customer Analysis (by Region)
5 Global Test Management Tools Market-Segmentation by Type
6 Global Test Management Tools Market-Segmentation by Application
7 Global Test Management Tools Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Test Management Tools Market-Segmentation by Geography
9.1 North America
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Test Management Tools Market from 2022-2029
10.1 Future Forecast of the Global Test Management Tools Market from 2022-2029 Segment by Region
10.2 Global Test Management Tools Production and Growth Rate Forecast by Type (2022-2029)
10.3 Global Test Management Tools Consumption and Growth Rate Forecast by Application (2022-2029)
12.2 Research Data Source
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STOCKHOLM, SWEDEN / ACCESSWIRE / October 5, 2022 / Hilbert Group (STO:HILB-B) (FRA:999) Hilbert Group AB, the Nasdaq First North listed investment firm (ticker: Hilb B) focusing on digital assets and blockchain technology opens the Hilbert V1 Fund to external investors after having received Cayman Islands Monetary Authority (CIMA) approval for the investment manager, Hilbert Capital Ltd.
The partners of Hilbert Group have together committed SEK 50 million as seed funding for the strategy, which has been running on proprietary capital since 1st of May 2022. Hilbert V1 Fund will be open to external investors from the 1st of Nov 2022.
Hilbert Capital CEO, Richard Murray said: "Hilbert V1 Fund offers a market-neutral return profile - for us, that means consistent trading alpha and not losing money when crypto tanks. The underlying core algorithm has been operating 24/7/365 for over 5 years. The strategy likes noise and volatility in the market as this provides profitable trading conditions. We had an immediate stress test when we launched the strategy in May, just before the market crashed - since 1st May, the crypto market has fallen about 50%, whereas Hilbert V1 is down only 4% net. Trades are sized according to our strict drawdown objective and the fund targets returns higher than 15% net annualised."
Hilbert Group CEO and co-founder Niclas Sandstrom said: "Hilbert's mission is enabling institutional investor access to the asset class in a way which fits good investment and risk management principles. Over the last 5 years, we have distilled a lot of real-world and theoretical complexity behind the scenes to enable simple, coherent trading strategies. Our strategies offer a range of drawdown/return profiles, but each is based on the same in-house rules: no leverage, high diversification, and avoidance of risk exposures we cannot quantify."
For further information, please contact:
Niclas Sandström, CEO Hilbert Group
+46 8 502 353 00
Hilbert Group AB is an investment firm with sole focus on digital assets, primarily cryptocurrencies and blockchain technologies. The business model is diversified into four verticals - asset management, proprietary trading, equity investments and data & analytics.
Hilbert Group's vision is to be a world class digital asset investment firm with the ambition to provide first class services to its clients and shareholders, to help accelerate the technological revolution that is digital assets, and to expand people's knowledge of this emerging asset class.
Hilbert Group is listed on Nasdaq First North Growth Market (ticker HILB B) with Eminova Fondkommission (phone +46 8 684 211 10 | email@example.com) as Certified Adviser.
This information is information that Hilbert Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-10-05 14:10 CEST.
Hilbert Group opens investment fund to institutional investors, following regulatory approval
SOURCE: Hilbert Group
View source version on accesswire.com: