Demonstrate how the Institute of Management Accountants may provide value to a company's operations.
Demonstrate how the Institute of Management Accountants may provide value to a company's operations.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Demonstrate how the Institute of Management Accountants may provide value to a company's operations.
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Step 1
The Institute of Management Accountants (IMA), the professional organization for management accountants, provides its members with research, education, knowledge sharing, and practice development. The IMA also awards the Certified Management Accountant (CMA) designation to accountants who complete the educational criteria, pass the demanding two-part exam, and maintain the required continuing professional education. The CMA test includes fundamental managerial accounting concepts as well as economic and financial topics.
Many accountants possess both the CMA and the CPA designations.
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