How do you get to the Institute of Management Accountants?
One of the best groups for financial experts is the Institute of Management Accountants (IMA). It gives you the coveted title of Certified Management Accountant (CMA). The IMA’s job is to support education and growth in finance and management accounting, fight for the highest standards of ethics and best business practices, and offer a place for study.
The Institute of Management Accountants (IMA) is a world organization of accountants and other financial experts who work for academia, private and public businesses, and nonprofits. The Institute celebrated its 100th birthday in 2019. The group’s goal is to be the best place for the world’s best accountants and financial workers to get certified, get help, grow, and connect.
The association’s core principles are honesty, trust, passion, respect, new ideas, and continually improving. It lives up to these core values by giving people job opportunities, creating a network of professionals in the field, and making partner connections. It has educational classes to help you become a better leader and learn more about your job. The IMA gives its members a place to talk by promoting cutting-edge research and best practices in business and publishing newsletters and journals.
How to Understand the IMA
IMA works in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. It has branches in China, Singapore, Dubai, New York, Zurich, the Netherlands, Egypt, and the United Arab Emirates. The IMA had about 140,000 members in 150 countries as of September 21, 2022. There are more than 350 professional and student groups in the association worldwide. Members can advance their careers by joining one of the IMA’s local groups. The group’s goal is to make more people aware of management accounting.
The International IMA runs an online training center with learning tools. It also sells products for career development. Through local chapters, members get training to help them advance in their careers. They also get ongoing education, information, and resources and can join online communities.
The Past
IMA has been a voice for and resource for accounting and financial management workers since 1919. It was started in Buffalo, New York, to help cost accountants learn more, be more skilled, and help more people understand the role of cost accounting in management. Initially, the group was called the National Association of Cost Accountants. In 1957, the name was changed to the National Association of Accountants. The name was changed again in 1991 to the Institute of Management Accountants.
The first meeting was held in Atlantic City, and the first chapter was formed in Chicago in 1920. The CMA certification program was created by the group in 1972. It put out the first rule of ethics for management accountants in the US in 1983. It was called Standards of Ethical Conduct for Management Accountants. The IMA started the Certified Financial Manager program in 1996 but stopped running it in 2007.
Advantages of Membership
As a member of IMA, you can get publications, attend conferences, and get research on business trends and new technologies. As a member of the IMA, you can also save money on office materials, insurance, rental cars, and training.
Conclusion
- The Institute of Management Accountants (IMA), a global organization for financial professionals, awards the Certified Management Accountant (CMA) designation.
- The IMA’s job is to support the highest standards of ethics and best business practices, as well as education and growth in management accounting and finance.
- The IMA had about 140,000 members in 150 countries as of September 21, 2022.
