Weak kwacha affecting students’ courses - CIMA

The Chartered Institute of Management Accountants said the turbulence of change has made it difficult for the institution to attract more students.

Throughout the CIMA are invoiced in sterling and yesterday, a book has been buying and selling and K16.07 to K16.03 respectively.

In response to questions from reporters at a breakfast meeting on Friday, CIMA-Zambia Gordian manager Bowa said falling kwacha against major foreign currencies had paralyzed the buying power for many students, so have challenges Registration for the programs or pay the cost of the exam.

"Unfortunately, every time we have a weak currency, it will affect our performance in the sense that the purchase of our students can be reduced. So this means that those who are interested in joining, write exams beginning to return to develop strategies to respond to the new reality, "Bowa said, but hinted that there may be some specials that CIMA would bring about the current price to ease the financial difficulties of students struggling with.

"In fact, we have been affected very negatively but I must tell you that we are a very sensitive organization as CIMA, every time we see things like that (the unfavorable exchange rates), which always come with different promotions that will help our customers [to] manage this impact. In fact, we have already reported this issue this year. I will not go into details because the developments are on the horizon, but I can tell you boarded Price, in particular for exams ".

And Bowa showed that CIMA, which has a student base of Zambia 2 500 and a cumulative 310 membership, has partnered with the American Institute of Certified Public Accountants for the benefit of students.

"What is happening in the world of the accounting profession is that there are a lot of rationalization and if you're small as an organization, you should not have much impact or influence.'ll Tell our competitors actually came to the conclusion Similar agreements and therefore, for us to work with the American Institute of Certified Public Accountants, will be bigger with much more influence in the world. For our students, it is an advantage because the working relationship with the American Institute of Accountants public, once qualified with CIMA and we want to go to the United States, there will be an existing structure where you can convert the ACC and be able to work quickly in America, "he said.

Meanwhile, Bowa said CIMA is ready to guide journalists on the basic financial reports on request.
"If we receive a specific request to enter the accounting reports that there is a need for this, I think you can always design something for journalists because we have the resource base that can handle very competent," Bowa said.