What is Institute Of Management Accountants ?

3038 reads · Last updated: December 5, 2024

The Institute of Management Accountants (IMA) is one of the top associations for financial professionals. It offers the prestigious Certified Management Accountant (CMA) designation. The IMA's mission is to promote education and development in management accounting and finance, advocate for the highest ethics and best business practices, and provide a forum for research.The Institute of Management Accountants (IMA) is a global membership association of accountants and financial professionals who work at nonprofit, private and public companies, and academic institutions. In 2019, the Institute celebrated its 100th anniversary. The organization's vision is to be the leading resource for certifying, supporting, maturing, and linking the world’s best financial professionals and accountants.The association’s core values include integrity and trust, passion, respect, innovation, and continuous improvement. It achieves these core values by providing access to career opportunities, building a network of industry professionals, and developing partner connections. It offers educational programs to increase leadership opportunities and expand professional knowledge. IMA provides a forum for members by promoting forward-thinking research and industry best practices and offering newsletters and journals.

Definition

The Institute of Management Accountants (IMA) is one of the leading associations for financial professionals, offering the prestigious Certified Management Accountant (CMA) designation. Its mission is to promote management accounting and financial education and development, advocate the highest ethical and best business practices, and provide a research forum.

Origin

IMA was founded in 1919 and celebrated its 100th anniversary in 2019. It was established to provide a platform for support and development for accounting and finance professionals worldwide.

Categories and Features

IMA is a global membership association that includes professionals from nonprofit organizations, private and public companies, and academic institutions. Its core values include integrity and trust, passion, respect, innovation, and continuous improvement. IMA achieves these values by offering career opportunities, building industry networks, and developing partnerships.

Case Studies

For instance, IMA has helped many professionals advance their careers through its Certified Management Accountant (CMA) program. The CMA certification is considered the gold standard in the field of management accounting, with companies like Johnson & Johnson and Procter & Gamble encouraging their employees to obtain this certification.

Common Issues

Investors might ask if the CMA certification is worth it. The answer is yes, especially for those looking to advance their careers in management accounting. Another common issue is balancing work and study to obtain the CMA certification; IMA offers flexible study plans to help address this concern.

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