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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    A profit and loss (P&L) statement, or balance sheet, is essentially a snapshot of a company's financial activity for ... Read Full Answer >>
  3. How do dividends affect the balance sheet?

    Dividends paid in cash affect a company's balance sheet by decreasing the company's cash account on the asset side and decreasing ... Read Full Answer >>
  4. Are dividends considered an expense?

    Cash or stock dividends distributed to shareholders are not considered an expense on a company's income statement. Stock ... Read Full Answer >>
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    The only account recorded on the balance sheet, when dividends are declared and before they are paid out to a company's shareholders, ... Read Full Answer >>
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