Management accounting is a profession encompassing finance and accounting professionals working inside organizations. Their role involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to formulate and implement an organization’s strategy.
Technology is redefining the role of the management accountant while also significantly changing the business landscape and the management accounting profession at an unprecedented speed. To keep pace with the changing business environment and advances in technology, IMA has analyzed the emerging competencies needed by management accountants and has updated the IMA Management Accounting Competency Framework.
This enhanced Framework identifies six domains of core knowledge, skills, and abilities that finance and accounting professionals need to remain relevant in the Digital Age and perform their current and future roles effectively. The Framework and associated materials are offered as guidance for skills assessment, career development, and talent management within the profession.View the Framework
For accounting and finance professionals working inside organizations, the future is here. IMA’s Technology & Analytics Center helps you address the risk of automation while seeking the opportunity to upskill and increase your value. This centralized source for IMA’s educational products and services dealing with technology and analytics shares our important learnings. From online courses to the latest research, we have designed each of these materials to be actionable and relevant to your role.
Advanced analytics enable organizations to gain insight from data and to better perform in fiercely competitive markets. Based on a survey of 170 IMA members from around the world, this report examines the extent to which leading-edge analytics have been implemented by organizations, the business case for analytics initiatives, and other issues surrounding implementation.
This follow-up report to “The Data Analytics Implementation Journey in Business and Finance” identifies the factors critical for successful deployment of leading-edge analytics. The findings are based on a recent survey of 170 global business professionals.
In this paper, Raef Lawson, Ph.D., CMA, CSCA, CPA, CFA, IMA vice president of research & policy and professor-in-residence, explores how the management accountant’s skill set will need to evolve and how you can prepare for the future.
This report, drafted in partnership with ACCA (Association of Chartered Certified Accountants), makes predictions, and hopes to stimulate discussion, about a broad range of emerging and converging technologies and their potential to influence the accountancy profession.