Institute of Management Accountants (IMA)

Definition

The Institute of Management Accountants (IMA) is a global association for financial professionals focused on advancing management accounting. It provides certifications, networking opportunities, and sets ethical standards for the profession.

5 Must Know Facts For Your Next Test

1. IMA offers the Certified Management Accountant (CMA) certification.
2. The IMA Code of Ethics includes principles such as honesty, fairness, objectivity, and responsibility.
3. IMA has over 140,000 members in 150 countries.
4. It publishes 'Strategic Finance' magazine to keep members informed about industry trends.
5. The IMA Statement of Ethical Professional Practice guides accountants on how to handle ethical dilemmas.

Review Questions

• What certification is offered by the Institute of Management Accountants?
• Name two principles included in the IMA Code of Ethics.
• How many members does the IMA have worldwide?

Related terms

Certified Management Accountant (CMA):

A professional certification awarded by the IMA that signifies expertise in financial management and strategy.

Ethical Standards: Guidelines that dictate acceptable conduct within a profession.

Strategic Finance: A magazine published by the IMA that covers topics related to finance and accounting.