Developing a challenge culture for risk management is the next logical evolution for finance leaders as they seek to reduce risk in their organization, so says the Association of Chartered Certified Accountants and the Institute of Management Accountants in a new report.
Accounting and finance professionals with a CMA credential reported an average annual salary of $115,952 in 2013, up from $115,290 reported in 2012, according to a survey released on Thursday by the Institute of Management Accountants.
The undergraduate accounting programs at Michigan State University and Brigham Young University received the endorsement of the Institute of Management Accountants (IMA) as higher education programs that provide management accounting curriculum and skills for students.
The IMA recently launched a website that is designed to engage accounting and finance professionals, students, employers, and academics in a dialogue about the talent gap within the accounting profession.
While many of today's CFOs have taken the usual finance stepping-stones toward their executive roles, they believe tomorrow's CFOs will need new experiences and key skills to meet the evolving needs of business, according to a new report.
After reviewing the undergraduate accounting curriculum of many universities and colleges and finding that management accounting content was dwindling, the IMA launched a new initiative, the Higher Education Endorsement Program.
For the first time in twenty-four years, the average annual total compensation for members of the IMA has topped $130,000, while average annual salaries for IMA members increased 3.3 percent, from $109,001 in 2011 to $112,625 in 2012.
For the third year in a row, accounting and finance is among the top ten jobs that are the hardest for employers to fill, according to a recent survey from Milwaukee-based workforce solutions firm ManpowerGroup.
Business confidence has grown in the United States, according to new research from ACCA and IMA®. However, businesses are not yet in a position to take advantage of better trading conditions and easier access to financing.
The tax rates and policies on income from dividends and long-term capital gains lead to some unintended negative consequences. In trying to help stamp out fraud in financial reporting and add more fairness into the tax system, closer examination of these policies is warranted.
Two thought leaders in accounting education, IMA® and AAA's Management Accounting Section, are working to bridge the gap between the skills currently provided in accounting education and those required in practice.
Surveys highlight increased prevalence and value of sustainability and corporate responsibility reporting for public companies, but lack of standardization and notable failures show that more needs to be done before these reports can be truly reliable.
Confidence in the global economy fell in Q3 2012, according to a worldwide survey of 2,550 finance professionals, with some 67 percent of respondents saying the global economy is stagnating or reversing.
The IESBA has issued an exposure draft intended to encourage accountants to blow the whistle on unethical companies or individuals; some of the changes may conflict with other ethical responsibilities.
The Association of Chartered Certified Accountants' Accountancy Futures Academy report, "100 Drivers of Change for the Global Accountancy Profession," identifies 100 factors that will create uncertainty for accountants during the next five to ten years.