Institute Of Management Accountants - IMA


DEFINITION of 'Institute Of Management Accountants - IMA'

The umbrella association for financial professionals. The Institute of Management Accountants has more than 60,000 members worldwide, as of 2010. It confers the prestigious certified management accountant (CMA) designation. The IMA's mission is to provide a forum for research, education and practice development in management accounting and finance, and the advocacy of the highest ethical and best business practices in these fields.

BREAKING DOWN 'Institute Of Management Accountants - IMA'

The IMA was founded in 1919 as the National Association of Cost Accountants (NACA), which underwent a name change to the National Association of Accountants (NAA) in 1957. In 1991, the organization's name was changed to the Institute of Management Accountants.

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  1. Can working capital be depreciated?

    Working capital as current assets cannot be depreciated the way long-term, fixed assets are. In accounting, depreciation ... Read Full Answer >>
  2. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  3. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  4. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
  5. How can working capital affect a company's finances?

    Working capital, or total current assets minus total current liabilities, can affect a company's longer-term investment effectiveness ... Read Full Answer >>
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