Company Research Report: Institute of Management Accountants (IMA)
Company Overview
Name
Institute of Management Accountants (IMA)
Mission
To provide a dynamic forum for management accounting and finance professionals to develop and advance their careers through certification, research, and networking.
Founded
1919 by a group of accounting professionals.
Key People
- Mike DePrisco: President and CEO
- Sunil S. Deshmukh, CMA: 2024-2025 Chair
- Peter J. Dolan, CMA, CFM, CSCA, CPA: Chair-Elect, 2024-2025
- Richard T. Brady, CMA, CGFM, CDFM: Chair-Emeritus, 2024-2025
Headquarters
10 Paragon Drive, Suite 1, Montvale, New Jersey 07645, USA
Number of Employees
51-200 employees
Revenue
No information is available
Known For
IMA is known for its globally respected certification programs, particularly the Certified Management Accountant (CMA), Certified in Strategy and Competitive Analysis (CSCA), and Financial and Managerial Accounting Associate (FMAA) certifications. It also offers continuing education, networking opportunities, and advocates for ethical business practices.
Products
Certifications
Certified Management Accountant (CMA)
- Description: Validates mastery of a comprehensive body of knowledge in accounting and financial management.
- Key Features:
- Comprehensive curriculum covering financial planning, performance, control, and decision support.
- Globally recognized credential.
- Enhances career prospects and earning potential.
Certified in Strategy and Competitive Analysis (CSCA)
- Description: Focuses on strategic planning and analytical skills.
- Key Features:
- Focuses on strategic decision-making and competitive analysis.
- Tailored for management accountants seeking to enhance their strategic skills.
- Complements the CMA certification.
Financial and Managerial Accounting Associate (FMAA)
- Description: Demonstrates proficiency in the fundamentals of financial and managerial accounting.
- Key Features:
- Ideal for those new to the accounting field.
- Provides a strong foundation in financial and managerial accounting principles.
- Designed to be a stepping stone to more advanced certifications like the CMA.
Continuing Education
- Description: Offers a variety of professional development opportunities including webinars, seminars, and online courses.
- Key Features:
- Wide range of topics including ethics, leadership, and technical skills.
- Flexible online and in-person learning options.
- Accredited for continuing professional education (CPE) credits.
Networking and Community Engagement
- Description: Provides opportunities through local chapters, online communities, and global conferences.
- Key Features:
- Access to a global network of professionals.
- Leadership and volunteer opportunities.
- Events for professional networking, knowledge sharing, and career advancement.
Recent Developments
New Products Launched
- IMA Cybersecurity & Data Practices Certificate™
- Description: Focuses on the importance of cybersecurity and effective data management.
- Key Features:
- Comprehensive coverage of cybersecurity principles.
- Practical insights into data management and risk assessment.
- Suitable for management accountants looking to enhance their technical skills.
Recent Partnerships
- Microsoft
- Purpose: Collaboration on financial digital transformation and AI integration.
- Impact: Enhanced learning resources and cutting-edge technology integration for IMA members.
New Features Added to Existing Products
- Enhanced CMA Preparation Resources
- Description: Updated study materials and practice exams.
- Impact: Provides candidates with more robust preparation tools to succeed in the CMA examination.
Community and Member Engagement Initiatives
- Shared Interest Groups (SIGs)
- Purpose: Fostering communities centered around specific interests within the accounting and finance profession.
- Impact: Strengthens member engagement and knowledge sharing.
Events
- 2024 Virtual Women's Leadership Summit
- Description: Focused on creating inclusive workplaces and promoting women in the accounting profession.
- Impact: Provides strategies for career success, work/life balance, and professional development.
Research and Reports
- Global Talent Retention in the Accounting and Finance Profession
- Findings: Addresses the critical talent pipeline issue in the profession, marked by high demand and scarce availability of skilled professionals.
- Impact: Offers actionable solutions for effective talent retention.
- Artificial Intelligence in Accounting
- Findings: Explores AI’s impact on data analysis and decision-making processes in the accounting profession.
- Impact: Provides insights into integrating AI with management accounting to enhance decision-making.
Conclusion
IMA continues to support the accounting and finance profession through comprehensive certification programs, continuing education, and by fostering a vibrant community of professionals globally. The recent developments in their product offerings and strategic partnerships reflect their commitment to advancing the skills and careers of their members.