The Bahrain chapter of the Institute of Cost Accountants of India (ICAI) said it has received approval from its Kolkata headquarters to commence examinations in the Kingdom.

These examinations, normally held in June and December every year, will be conducted at the Indian Embassy premises.

The institute is a premier accounting body in India that offers professional qualification in management accounting.

This qualification, called a CMA, is recognised in India and overseas for various functions in finance and accounting, cost and management accounting, cost audit and related consultancy services.

The main purpose of the institute is to optimise the use of limited resources thereby increasing efficiency in industries and achieving maximum economic development and social welfare.

There are more than 50,000 members and over 350,000 students all over the world.

In Bahrain, there are about 200 members in various key positions contributing to the local economy. Bahrain Chapter of ICAI was established in 2010 with an objective to promote the profession in Bahrain.-TradeArabia News Service