Three-Day global summit on management accounting in Delhi on Jan 10-12 PREM CHAND GUPTA TO INAUGURATE
	11:36 IST

The Minister of Corporate Affairs Shri Prem Chand Gupta  will inaugurate the “Global Summit on  Management Accounting” on 10th January 2008.  This three-day Mega event of Management Accounting bodies across the globe is being organized by the Institute of Cost and Works Accountants of India (ICWAI) at Vigyan Bhawan New Delhi from 10th-12th January 2008. The summit is first of its kind and is expected to create a historical turn in the evolution of the management accounting profession globally. The Minister of External Affairs Shri Pranab Mukherjee will deliver the Valedictory Address on 12th January 2008.  Deliberations during the Summit would focus on Management Accounting in its new manifestation including the territories of accounting, strategy and management of enterprises.  As the management accounting bodies of the Western world has already been witnessing and turning them to such a paradigm, some beginning has to be made to complete the process across the globe among similar bodies.  It is with this objective that the Summit is being organised by the ICWAI. The ICWAI will play the key role as the main host for this Global Summit.  Co-hosts include Institute of Cost and Management Accountants of Bangladesh (ICMAB), Institute of Cost and Management Accountants of Pakistan (ICMAP) and the Society of Certified Management Accountants of Sri Lanka (SCMASL).  Besides these SAARC bodies, the Summit will have technical partnership with other counterparts from the Western world such as Certified Management Accountants (CMA), Canada, Certified Institute of Management Accountants (CIMA), UK and the Institute of Management Accountants (IMA), USA.  Around 1200 delegates are expected to participate in the programme out of which about 200 would be foreign delegates.  A special feature of the Summit is a round-table conference of the heads of all these Accounting bodies on the sidelines of the Summit to evolve a global strategy for repositioning the management accounting profession. The Institute of Cost and Works Accountants of India (ICWAI) was set up by an Act of Parliament i.e., the Cost and Works Accountants Act, 1959.  ICWAI is now bracing itself to a new leadership role in the global scenario. The event holds a special significance to the Indian economy as it is surging forward at a high growth rate with many business enterprises and institutions spreading their wings and taking on a global role encouraged by the environment and the motivation provided by the present Government.  Globally reputed Speakers have been invited to deliver talks in their respective fields in this 3-day Summit. The Speakers from abroad in the Summit include: Ø       Dr. Robert S. Kaplan, Guru of ABC Costing & Professor – Harvard Business School Ø       Mr. Ajith Nivard Cabraal, Governor, Central Bank of Sri Lanka Ø       Mr. Edward K G Chow, Chairman – PAIB IFAC Ø       Mr. Steeve F Vieweg, President & CEO of CMA-Canada Ø       Mr. Gordon Grant, President of CIMA-UK Ø       Mr. Richard G Monk, Chairman, CMA Canada Ø       Mr. Gary Cokins, SAS Global a renowned consultant on Performance Management Ø       Mr. Charles Tiley, CEO, Chartered Institute of Management Accountants Ø       Mr. Raef Lawson, Director IMA on Chinese practices Ø       Prof. Dominik Breiter, Asst.Professor on Management Control Area Otto Beisheim School Vallendar, Germany Ø       Prof. Hiroshi Okano, Osaka University, Japan Ø       Prof. V.G. Narayanan, Harvard Business School Ø       Mr. Mohamed Rafi, Central Council Member, ICMAP Ø       Mr. Anton Rock Fernando, Finance Director of an FMCG in Sri Lanka Ø       Prof. Md. Abdul Hannan Mia, Bangladesh Ø       Prof. Mamtaz Uddin Ahmed, President of ICMA of Bangladesh Ø       Mr. Sher Afgan Mallik, President of ICMA of Pakistan Ø       Mr. Lakshman R. Watawala, President of SCMA of Sri Lanka Indian Speakers include: Ø       Dr. Sheela Bhide,IAS, CMD, India Trade Promotion Organisation Ø       Shri Jitesh Khosla, IAS, Joint Secretary, Ministry of Corporate Affairs Ø       Mr. D.C.Bajaj, Addl.Chief Advisor(Cost), Govt. of India Ø       Mr. B.B. Goyal, Adviser (Cost), Govt. of India Ø       Dr. Mrityunjay Athreya, Management Consultant  Ø       Shri J.R. Verma, Dean, IIM, Ahmedabad Ø       Shri H.P. Kumar, CMD, NSIC Ø       Mr. D.Sundaram, Finance & IT Director, Hindustan Unilever Ltd. Ø       Mr. V. Srinivas, CFO, Satyam Computer Services Ltd. Ø       Mr. K. Narasimha Murthy, Cost Accountant Ø       Mr. Dhananjay V. Joshi, Past President, ICWAI   Ø       Mr. V.C.Kothari, Central Council Member, ICWAI  Ø        Mr. M.Gopalakrishnan, Central Council Member, ICWAI  On second day of the Summit i.e., 11th January, 2008 there will be a Debate Session on the theme “Is CMA the Emerging CEO of Globally Competing Organisations?”  The debate will be between the Industry leaders and Heads of different Management Accounting Institutes from across the globe in an open house. The Summit would benefit various stakeholders, like CEOs, CFOs, Management Accountants, Governments, NGOs, Corporate entities etc. BY-1/08