IMA Reintroduces Statements on Management Accounting

The Institute of Management Accountants (IMA) has reintroduced the IMA’s Statements on Management Accounting (SMAs) representing a comprehensive summary of specific bodies of knowledge defining competency in management accounting.


Advertisement


Thousands of executives with financial reporting responsibilities use the Comperio on-line library to access the type of information and interpretive guidance PricewaterhouseCoopers' own professional audit staff use around the world. Key content areas include guidance from the FASB, EITF, PCAOB, SEC, and others as well as PwC's interpretive guidance. Get more information and sign up for a complimentary 30-day trial.


“Through IMA’s Statements on Management Accounting, professionals have access to IMA’s relevant and growing body of knowledge. The SMAs are accessible, comprehensive and highlight the issues of the profession,” said Raef Lawson, Ph.D., CMA, CPA, IMA director of research. “We are pleased to revitalize our research pipeline and reintroduce SMAs to deliver practical knowledge to the profession.”

The SMAs cover a range of topics relevant to management accounting professionals, including lean enterprise fundamentals, lean accounting, implementing target costing, enterprise risk management and knowledge management. Each SMA includes comprehensive research on the topic, as well as rationale, definitions, business issues, the role of management accountant and, as applicable, implementation steps of processes and case studies. They are intended to provide value to practitioners, professors and students and are available in electronic format (.pdf) for free download at the IMA’s web site http://www.imanet.org/publications_statements.asp.

Authored by management accounting professionals and academics, SMAs undergo a peer review process and a further exposure process, before being published. IMA is currently accepting suggestions for future SMA topics, as well as suggestions for authors and reviewers. New topics, in line with timely issues of the profession, will be added on an ongoing basis.

You may like these other stories...

Accountants without a succession plan are hurting not only themselves but their clients as well. Here are seven ways to see your practice continues after you retire—some of them are better than others.What Are Your...
In my last article, I discussed the model of value pricing and the benefits this billing structure offers you and your clients. However, in order to set up the right value pricing for your client, you need to know what...
Remember the old joke about the devil showing a guy around Hell? There were great parties, swimming pools, and sumptuous food. The guy liked what he saw, lived a bad life and went to Hell when he died. Upon arrival the devil...

Already a member? log in here.

Upcoming CPE Webinars

Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 10
Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 26
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.