The Institute of Management Accountants (IMA) is a professional organization headquartered in Montvale, New Jersey consisting of around 60,000 members worldwide (85% US, 15% International). The IMA is dedicated to advancing the role of the management accountant and financial manager within the business organization, and provides relevant professional certification.

The IMA awards the Certified Management Accountant (CMA) designation in test centers globally which covers the following areas:

• Business Analysis: Business economics, global business, internal controls, quantitative methods, financial statement analysis.
• Management Accounting and Reporting: Budget preparation, cost management, information management, performance measurement, external financial reporting.
• Strategic Management: Strategic planning, strategic marketing, corporate finance, decision analysis, investment decision analysis.
• Business Applications: All of the above topics, plus organization management, organization communication, behavioral issues, ethical considerations.

The CMA designation differs significantly from the CPA. The CPA targets public accounting and tests the knowledge required for public practice. The CMA focuses on internal requirements and targets corporate financial professionals. It has a broader industry related content. Whereas the CPA is rules based the CMA is concept based.

[edit] See also

• Chartered Institute of Management Accountants
• Society of Management Accountants of Canada
• Institute of Certified Management Accountants

[edit] External links

• Institute of Management Accountants

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