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Prince Sultan University Becomes First Middle Eastern University Approved by IMA's Higher Education Endorsement Program

Monday, October 31, 2016

Dr. Mohammad Nurunnabi FHEA FRSA
Coordinator, Department of Accounting
College of Business Administration    
Prince Sultan University    
Riyadh, Saudi Arabia
+966 (0) 504475779
mnurunnabi@psu.edu.sa

Liam Turner     
ASDA’A Burson-Marsteller (for IMA)
Dubai-UAE
+971 4 450 7629    
liam.turner@bm.com

Dubai, UAE – Saudi Arabia’s Prince Sultan University (PSU) has become the first Middle Eastern University to be recognized through IMA®’s (Institute of Management Accountants) Higher Education Endorsement Program. PSU joins more than a dozen American colleges and universities, as well as EBS Business School in Europe, to earn this distinction.

IMA’s Higher Education Endorsement Program recognizes undergraduate and graduate accounting programs that meet the educational standards that enable students to pursue the CMA®
(Certified Management Accountant) credential. Following a thorough review process, IMA endorsed PSU’s Bachelor of Science in Accounting program.  

“Properly trained accountants are vital to the success of the world’s economy. We are pleased to recognize Prince Sultan University’s support of management accounting education and the steps they are taking to prepare students for this important career path,” said Raef Lawson, Ph.D., CFA, CMA, CPA, IMA vice president of research and policy and professor-in-residence.

“We are honored to be recognized as the first university for our Bachelor of Science in Accounting program in the Middle East to achieve endorsement under IMA’s program,” said Dr. Mohammad Nurunnabi FHEA FRSA, Assistant Professor in Accounting and Coordinator, Department of Accounting, at Prince Sultan University. “We recognize the important role that certification plays in the growing global economy, and we in Saudi Arabia are eager to ensure that our accounting and finance students have the tools they need to bring success not only to their careers but to their respective organizations.”

Higher education programs seeking endorsement by IMA must substantially cover the content of the CMA exam in their curriculum, have adequate faculty resources, be accredited by a recognized accreditation organization, and have a faculty member designated as an IMA Campus Advocate. The Campus Advocate program helps professors demonstrate their commitment to the future of the accounting profession by mentoring students and encouraging CMA certification. 

IMA’s Higher Education Endorsement Program offers two tiers of recognition: full endorsement, for those university programs that meet all endorsement criteria; and provisional endorsement, for programs with some minor to moderate shortcomings in meeting all the criteria for full endorsement.

For more information and application forms for IMA’s Endorsement Program, visit: www.imanet.org/educator_resources/index.aspx.

About IMA® (Institute of Management Accountants)
IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) program, continuing education, networking and advocacy of the highest ethical business practices. IMA has a global network of more than 70,000 members in 140 countries and 300 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle East/Africa. For more information about IMA, please visitwww.imanet.org.

About Prince Sultan University (PSU)
Prince Sultan University (PSU), located in Riyadh, Saudi Arabia, is the first private university in the Kingdom of Saudi Arabia. It was originally founded in 1999 as Prince Sultan Private College. The decision to grant Prince Sultan College’s license of general accreditation by the Ministry of Higher Education was on 4/9/1420 Hijri, 12/12/1999 Gregorian, to run Bachelor of Science in Accounting Program (the Directive No. 7/B/4453, dated: 3/4/1420 Hijri, 17/7/1999 Gregorian; Written telegram No. 10117, dated: 25/5/1420 Hijri, 6/9/1999 Gregorian). In 2005 [21/9/1426 (Hijri), 24/10/2005 (Gregorian)], Saudi Arabia’s Ministry of Higher Education declared it to be a university. It was inaugurated by HRH Crown Prince Sultan bin Abdul Aziz Al-Saud who was the Deputy Premier, Minister of Defense and Aviation, and Inspector-General. PSU is a non-profit institution established by Al-Riyadh Philanthropic Society for Science and licensed by the Ministry of Higher Education. For more information about Prince Sultan University and its Bachelor of Science in Accounting program, please visit www.psu.edu.sa.


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