Developed by the AICPA and the CIMA, the management accounting guidance serves as a blueprint for effective analysis that can be universally applied by public and private organizations of all sizes, worldwide.
The two organizations unveiled a draft comprehensive framework on February 10 designed to help CFOs, CEOs, and boards of directors around the world benchmark and improve their management accounting processes.
This January, the American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) announced the recipients of the American Accounting Association's (AAA) Greatest Potential Impact on Management Accounting Practice Award for 2012.
The current worldwide financial crisis and a shortage of talent have given financial professionals greater opportunities to advance their careers and create broader roles for themselves in their organizations.
In a joint venture, the AICPA and the CIMA have launched a new global accounting designation – Chartered Global Management Accountant (CGMA) – that recognizes the unique skills of professional management accountants working in business.