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Institute of Management Accountants IMA

Institute of Management Accountants

The Institute of Management Accountants, abbreviated as the IMA, is a volunteer member association that is focused on meeting the needs of management accounting professionals. The IMA was founded in 1919 and states that its mission is to “provide a forum for research, practice development, education, knowledge sharing, and the advocacy of the highest ethical […]

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why become a cma

Why Become a CMA: 5 Tangible Benefits for Your Accounting Career

Why become a CMA – that is the magic question. Becoming a Certified Management Accountant (CMA) means expending lots of time, effort, and money, so is it worth it? What’s the value of becoming a CMA? I aim to answer that question for you today because I believe it’s very important for potential candidates to […]

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CGMA vs CMA Designation: Which Is Better for Your Career?

The AICPA and CIMA joined forces in January 2012 to establish the Chartered Global Management Accountant (CGMA) designation. So now, there’s a new certification in town. If you’re trying to decide if it’s right for you, then it only makes sense that you’d compare it to the CMA. Now that CMA has a direct competitor, […]

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How to Become an Accountant without an Accounting Degree

Do you want to know how to become an accountant without an accounting degree? You’ve come to the right place! I’m going to answer the question, “Can non-accounting majors work (and shine) as accountants?” There are lots of reasons why people want to become an accountant. It could be job security, the relatively good work-life […]

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What is CMA? Demystifying this Management Accountant Designation

What is CMA Certification, exactly? People are often confused with what “CMA” means. For accountants, it means Certified Management Accountant, a certification granted by the Institute of Management Accountants. The certification is a proven accomplishment of an individual who completes the CMA program. The CMA program includes a 2-part examination, plus 2 years of full-time […]

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cma vs cpa

CMA vs CPA: Which Qualification Is Better?

CMA vs CPA – that is the magic question for many candidates seeking their certification in accounting. You are making an important decision, so it makes sense that you put the time and energy into deciding what is best. If you’re trying to decide between these two certifications, I hope to provide you with enough […]

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CMA after CPA: Worth the Effort for Another Designation?

CMA after CPA? Should you do it? If that sounds like alphabet soup to you, bear with me. These are two very popular, prestigious accounting certifications and in this post, I am going to answer a question from a reader regarding them. I think this will also help you if you are considering the same […]

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Is CMA Worth It for Your Career Growth? (Prepare for Surprise)

How is professional certification such as the CMA worth it in building your career? When will you see a tangible benefit — right after passing Part 1, Part 2? Or not until you get the certification? These are important questions that many people have before going into the CMA exam or that path in their […]

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Number of CMAs in the US and Worldwide (2009 – 2016 Statistics)

IMA used to release a lot of interesting statistical information on candidates in the past. They have now chosen to disclose only the following data: 4000 CMAs granted each year on average 55,000 CMAs awarded to date Occasionally, The IMA official publication, Strategic Finance Magazine covers this topic with a lot more details. Here is […]

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Is CMA Popular for Both Service and Manufacturing Jobs?

The CMA certification is designed to be an advanced-level credential for accountants and financial professionals across business. The curriculum puts emphasis on costing, as well as budgeting and planning methodologies that are commonly applied in manufacturing companies. Because of this, it is commonly believed that CMA is more valued in the manufacturing sector. Is this […]

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