A) Who and what is the Institute of Management Accountants? B) What is the purpose (mission) of...

Question:

A) Who and what is the Institute of Management Accountants?

B) What is the purpose (mission) of the organization?

C) How many members are there and, generally, where are they located?

Accountants:

Accountants are known to be the experts in accounting and have passed the necessary board, liscensure or certification examinations for the course. Accountants also focus on different accounting fields such a financial accountants, internal and external auditors, management accountant, among others.

Answer and Explanation:

A) Who and what is the Institute of Management Accountants?

According to https://www.imanet.org/about-ima?ssopc=1, Institute of Management Accountants refers to the worldwide group of accounting experts, known as accountants, and business professionals which is focused on advancing the field of management accounting. The organization is the only recognized organization which provides and organizes a Certified Management Accountant Certification Examination, a separate certification aside from Certified Accountants or Certified Professional Accountants. Those who will passed the said certification exam will become members of IMA.


B) What is the purpose (mission) of the organization?

As laid down in their official website, the mission of the Institute is to provide a forum for research, knowledge management and sharing, and sharing best practices in the field of management and financial accounting. As the only certifying body, they are helping accounting professionals in building their careers to be successful and expanding their functions towards decision analysis, business and risk management.

C) How many members are there and, generally, where are they located?

As of January 29,2018, based on the latest update provided by IMA, they already reached the 100,000 member milestone. Their members are categorized as professional members, student members and academic members. They are operating globally and their regional councils and more than 300 chapters are stationed in Americas Region, Europe, Middle East/India and Asia Pacific.


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