Institute of Management Accountants

Institute of Management Accountants is a global organization that offers resources and certification for management accounting professionals, with a focus on financial management, cost accounting, and financial reporting. The organization has its roots in the National Association of Cost Accountants, which was established in 1919 and later merged with the Institute of Internal Auditors to form the Institute of Management Accountants in 1977, with the support of American Institute of Certified Public Accountants and Financial Executives International. The organization is headquartered in Montvale, New Jersey, and has partnerships with Harvard Business School, Stanford Graduate School of Business, and University of Oxford. The Institute of Management Accountants has also collaborated with International Federation of Accountants, American Accounting Association, and Institute of Internal Auditors to promote accounting standards and best practices.

● History

The history of the Institute of Management Accountants dates back to 1919, when the National Association of Cost Accountants was established, with the support of General Motors, Ford Motor Company, and United States Department of Commerce. In the 1950s and 1960s, the organization expanded its membership to include management accountants from General Electric, IBM, and Procter & Gamble. The Institute of Management Accountants was officially formed in 1977, with the merger of the National Association of Cost Accountants and the Institute of Internal Auditors, and has since become a leading professional organization for management accounting professionals, with partnerships with Deloitte, Ernst & Young, and KPMG. The organization has also worked with Securities and Exchange Commission, Financial Accounting Standards Board, and International Accounting Standards Board to promote financial transparency and accounting standards.

● Organization

The Institute of Management Accountants is governed by a board of directors that includes representatives from PricewaterhouseCoopers, Accenture, and Microsoft. The organization has a global presence, with chapters in New York City, London, Tokyo, and Sydney, and partnerships with University of California, Berkeley, University of Michigan, and Carnegie Mellon University. The Institute of Management Accountants also has a research foundation that publishes studies on management accounting topics, in collaboration with Harvard Business Review, Journal of Accounting and Economics, and Accounting Review. The organization has also worked with Institute of Internal Auditors, American Institute of Certified Public Accountants, and Financial Executives International to promote internal controls and risk management.

● Certifications

The Institute of Management Accountants offers several certifications for management accounting professionals, including the Certified Management Accountant (CMA) designation, which is recognized by Institute of Internal Auditors, American Institute of Certified Public Accountants, and Financial Executives International. The CMA certification is considered a benchmark for management accounting professionals, and is recognized by General Electric, IBM, and Procter & Gamble. The organization also offers certifications in financial planning, budgeting, and cost accounting, in partnership with Certified Financial Planner Board of Standards, American Planning Association, and National Association of State Budget Officers. The Institute of Management Accountants has also collaborated with International Federation of Accountants, American Accounting Association, and Institute of Internal Auditors to promote accounting certifications and professional development.

● Membership

Membership in the Institute of Management Accountants is open to management accounting professionals from Deloitte, Ernst & Young, and KPMG, as well as professionals from General Motors, Ford Motor Company, and United States Department of Commerce. The organization has a global membership of over 100,000 professionals, with chapters in New York City, London, Tokyo, and Sydney. Members of the Institute of Management Accountants have access to resources and training, including continuing professional education courses, webinars, and conferences, in partnership with Harvard Business School, Stanford Graduate School of Business, and University of Oxford. The organization has also worked with Securities and Exchange Commission, Financial Accounting Standards Board, and International Accounting Standards Board to promote financial transparency and accounting standards.

● Professional_Designations

The Institute of Management Accountants offers several professional designations for management accounting professionals, including the Certified Management Accountant (CMA) designation, which is recognized by Institute of Internal Auditors, American Institute of Certified Public Accountants, and Financial Executives International. The organization also offers designations in financial planning, budgeting, and cost accounting, in partnership with Certified Financial Planner Board of Standards, American Planning Association, and National Association of State Budget Officers. The Institute of Management Accountants has also collaborated with International Federation of Accountants, American Accounting Association, and Institute of Internal Auditors to promote accounting designations and professional development. The organization has also worked with General Electric, IBM, and Procter & Gamble to promote management accounting best practices.

● Global_Presence

The Institute of Management Accountants has a global presence, with chapters in New York City, London, Tokyo, and Sydney, and partnerships with University of California, Berkeley, University of Michigan, and Carnegie Mellon University. The organization has members from over 100 countries, including United States, Canada, United Kingdom, and Australia. The Institute of Management Accountants has also collaborated with International Federation of Accountants, American Accounting Association, and Institute of Internal Auditors to promote accounting standards and best practices globally, with the support of World Bank, International Monetary Fund, and Organisation for Economic Co-operation and Development. The organization has also worked with Securities and Exchange Commission, Financial Accounting Standards Board, and International Accounting Standards Board to promote financial transparency and accounting standards.

Category:Accounting organizations