Institute of Management Accountants (IMA): Empowering Financial Professionals Worldwide
The Institute of Management Accountants (IMA) is a globally recognized association dedicated to advancing the management accounting profession. Founded in 1919 in Buffalo, New York, as the National Association of Cost Accountants (NACA), IMA has evolved over a century to become a leading organization in the field of management accounting and finance. Today, it serves over 140,000 members across 150 countries, with more than 350 professional and student chapters worldwide .IMA+4Credly by Pearson+4NASBA Registry+4IMA+1Investopedia+1IMA+5SuperMoney+5NASBA Registry+5
Mission and Vision
IMA’s mission is to provide a forum for research, practice development, education, knowledge sharing, and advocacy of the highest ethical and best business practices in management accounting and finance. Its vision is to empower and connect business professionals to build a positive future .World Benchmarking Alliance+2IMA+2Credly by Pearson+2
Key Offerings
1. Certified Management Accountant (CMA) Program
The CMA credential is a globally respected certification that demonstrates expertise in financial management and strategy. Earning the CMA can lead to career advancement, with CMAs earning, on average, 58% more than non-CMAs globally .LinkedIn+4IMA+4Investopedia+4Investopedia+1IMA+1
2. Continuing Professional Education (CPE)
IMA offers a variety of educational programs, workshops, webinars, and conferences to help members enhance their skills, stay updated with industry trends, and earn Continuing Professional Education (CPE) credits .algotradinglib.com
3. Networking and Community Engagement
Through local chapters, online communities, and global events, IMA provides numerous opportunities for members to network and engage with peers, industry leaders, and potential employers .algotradinglib.com
4. Research and Publications
IMA conducts extensive research in the field of management accounting and publishes its findings to drive thought leadership. Notable publications include Strategic Finance Magazine and Management Accounting Quarterly .algotradinglib.com
5. Advocacy and Ethics
IMA advocates for the interests of management accountants and finance professionals at various levels of government and regulatory bodies. Additionally, it promotes the highest standards of ethical practice through its Code of Ethics and various educational resources .Investopedia+3algotradinglib.com+3IMA+3
Global Presence
Headquartered in Montvale, New Jersey, USA, IMA operates through four global regions: The Americas, Asia/Pacific, Europe, and Middle East/India. This structure allows IMA to provide localized services and support to its diverse membership base .Top Workplaces+2World Benchmarking Alliance+2NASBA Registry+2
Leadership
IMA is led by President and CEO Mike DePrisco, with Sunil S. Deshmukh serving as the Chair for 2024–2025. The organization is governed by a Board of Directors consisting of 36 voting members, supported by a Senior Leadership Team that executes strategic initiatives to deliver value to members .IMA
Conclusion
With a rich history spanning over a century, the Institute of Management Accountants continues to be a pivotal force in shaping the future of management accounting and finance. Through its commitment to education, ethical standards, and global connectivity, IMA empowers financial professionals to excel and lead in an ever-evolving business landscape.