Every time I visit Mumbai, I’m left baffled with surprises it has in store for me. Every single trip to this mayanagari has been rewarding. So was the last evening. I was invited to attend the CIMA India members’ meet at Sofitel BKC. The purpose of this meet was to discuss the proposed idea of CIMA and AICPA joint venture. We were about 40 of us in the banquet hall. It was an enriching experience to meet and interact with top-notch management accountants, financial controllers and CFOs. The range of their experience and domains was far and wide from consulting to private equity investing. There were people who were in their twenties and also those who were in their teens, post retirement. 🙂
I was the odd man out. I was the only CIMA member in the room who did not do what CIMAs are good at doing i.e. helping corporations to solve business problems. During the networking dinner, a CFO of a US based multinational asked, “So you are into teaching. What do you teach? Accounting?. Sorry dear, I have never found MBA finance guys in my team really good at fundamentals!” Well, as usual the tape recorder starts by explaining the gentleman how it is virtually impossible to help MBAs attain the depth of a hardcore financial accountant. I said, “MBAs are generalists. They too have their strengths. They are good at …blah..blah..”. But the CFO concluded with a loud laugh, “To me a generalist (MBA) is a specialist in generalizing things using PPTs!”
Mumbai is amazingly friendly. I ran out visiting cards. So many of them approached me to ask me if I could visit thier office for an academic discussion for MDPs. Senior executives were eager to help me with data for my ongoing research on activity based costing. Younger folks showed interest in visiting IMT Nagpur campus. I took this opportunity to invite GMs, VPs and CFOs to deliver a session for my students accounting courses. I guess I got more than I expected. The super efficient team of CIMA India office helped me with logistics. I felt privileged to be a part of global accounting body.