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Recognition of equivalence - Memorandum of understanding between UQAM ESG and the Québec CMA Order

Montreal, June 15, 2009 – The UQAM School of Management (ESG UQAM) and the Québec CMA Order today signed a memorandum of understanding intended to grant recognition of equivalence to students in the Master of Accounting, Control, Audit (M.Sc.) program who are in the process of earning the certified management accountant designation (CMA).  The Chairman of the Board of Directors of the Québec CMA Order, Claude Paul-Hus, the President-Executive Director of the Québec CMA Order, François Renauld, and the Dean of ESG UQAM, Ginette Legault all attended the signing of the memorandum.

According to Dean Legault, “This new master’s program makes it possible to develop an analytical ability to tackle international accounting challenges, both in organizations and the social sphere. The program profile that includes an essay, which is now associated with the CMA Order, trains professionals who are able to transfer and apply advanced accounting, control and audit knowledge in organizations.” 

Thanks to this new recognition of equivalence, students who have a Master of Accounting, Control and Audit from ESG UQAM will be credited with the first six modules of the CMA Strategic Leadership Program required to earn the CMA designation. Furthermore, the Québec CMA Order agrees to recognize 12 months of practical experience for all candidates who have earned this master’s degree. In return, ESG UQAM will recognize the prior learning of all applicants who have completed the CMA Strategic Leadership Program and have a minimum of two years of experience. They could obtain up to 15 equivalence credits in the Master of Accounting, Control and Audit program offered by the ESG UQAM.

“In recent years, the range of education programs has become quite diverse, and the Order recognizes that it is essential to make it easier for graduate-level candidates to gain access to the CMA designation. Previously, they could gain access mainly through an undergraduate program. We are happy to be able to offer, in collaboration with ESG UQAM, a path adapted to a new type of clientele, which will take into account prior learning and meet the expectations of candidates to the profession,” stated Claude Paul-Hus, FCMA, MBA, Chair of the Board of Directors of the CMA Order.

Accounting expertise at ESG UQAM
UQAM’s Management School is ranked as one of the 100 top international management schools in the world, according to EQUIS accreditation. It harmonizes its research and teaching activities with ten major areas of expertise, including accounting. Students in the Accounting Department have for many years been racking up prizes and awards and achieving above average results on the examinations of professional orders. Furthermore, the Financial and Organizational Information Chair is interested in all issues related to transparency and quality of financial and non-financial information.

About the Québec CMA Order
The Ordre des comptables en management accrédités du Québec, which has more than 9,000 members and candidates to the profession, provides leadership to the CMA profession through the enforcement of high standards intended to enhance the performance of organizations. CMAs create value within organizations through an integrated and systematic approach to strategic and financial management.

Caption: Chair of the Board of Directors of the Québec CMA Order, Claude Paul-Hus, and the Dean of ESG UQAM, Ginette Legault.

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Sources:
Jenny Desrochers,
Media Relations Officer
UQAM
514 987-3000, ext. 7730
desrochers.jennifer@uqam.ca

Julie Desjardins
Coordinator, Marketing and Media Relations
Ordre des comptables
en management accrédités du Québec
514 849-1155, ext. 239
j.desjardins@cma-quebec.org