This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CIBT Subsidiary Expands To Accountancy Training For Global Markets

VANCOUVER, Aug. 16, 2011 /PRNewswire/ - CIBT Education Group Inc. (NYSE AMEX: MBA) (TSX: MBA) ("CIBT Group") is pleased to announce that its wholly owned subsidiary Sprott-Shaw Degree College ("SSDC") has signed an articulation agreement with the Certified General Accountants Association of British Columbia ("CGA-BC").

Currently 5 levels of courses are required to complete the Certified General Accountants ("CGA") designation.  This agreement allows SSDC's Bachelor of Business Administration ("BBA") graduates to receive credit recognition for 4 out of the 5 levels.

"In the next two years, publicly traded companies from around the world including those from China, Hong Kong and the European Union will adopt uniform accounting standards called IFRS (International Financial Reporting Standards).  Major economic powers, such as China have agreed to implement IFRS. The United States has also agreed to accept the uniform standard," commented Toby Chu, president and CEO, Vice Chairman. "We believe that the development of this global trend will significantly increase the volume of accounting work and demand for accounting personnel with CGA skills will follow.  This latest development would allow SSDC to capitalize on this imminent demand.  We plan to deploy this program throughout our international network of colleges in various countries, supplemented by our Global Learning Network infrastructure."

About Certified General Acc ountants' Designation:

The Certified General Accountants' designation is recognized as a leading Canadian and international accounting designation. There are over 75,000 CGAs and CGA students across the globe.  The 15,000 CGAs and CGA student within British Columbia, Canada, represents the largest body of accounting professionals in the province. With the globalization of accounting standards the CGA designation has been gaining an international standing.  CGA designations are currently granted in Bermuda, the Caribbean, China, Hong Kong, Mauritius, Mexico, and the Philippines.  CGA members are also eligible to readily obtain reputable accounting designations in the largest market driven economies outside of Canada, including the ACCA (recognized globally), CPA Australia, CPA Ireland, and OEC France.

About CIBT Ed ucation Group:

CIBT Education Group Inc. is an education management company focused on the global education market. Listed on the Toronto Stock Exchange and the NYSE Amex, CIBT Group owns and operates a network of business, technical and language colleges and has cooperative joint programmes at over 70 locations in 18 countries. Its subsidiaries include Sprott-Shaw Community College (established in 1903), Sprott-Shaw Degree College, CIBT School of Business China, and King George International College. Through these subsidiaries, CIBT Group offers Western and Chinese accredited business and management degrees, and programmes in college preparation, automotive maintenance, information technology, hotel management and tourism, English language training, English teacher certification, and other career/vocational training. In addition to its wholly-owned subsidiaries, CIBT Group is the exclusive licensee for the American Hotel & Lodging Educational Institute (AHLEI) in China and the Philippines, and the WyoTech Automotive Institute for China. CIBT Group also owns Irix Design Group, a leading design and advertising company based in Vancouver, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs