...Prodectivity The IMA Educational Case Journal (IECJ®) is a quarterly, online journal whose mission is to publish for management accounting and related fields: · Teaching cases · Research related to case writing or teaching with cases The case studies in this journal provide an educational resource rich in detail to reflect current problems and complexities characteristic of today's dynamic business environment. It aims to facilitate interaction between financial professionals and educators. IECJ is listed in the Cabell's Directory of Publishing Opportunities in Accounting. IMA offers case writing competitions with cash awards, including: * 2015 Special IECJ Ethics Case Competition: Cases must be based on real companies or events and relate to an ethical situation. Cases submitted to the competition will concurrently be reviewed for publication in IECJ. Deadline: October 1 * 2016 Carl Menconi Ethics Case Competition: Cases are focused on business ethics, and the winning case is featured in Strategic Finance. Deadline: January 26 * 2016 IMA Case Writing Competition: Cases in any area of management accounting or related fields are invited. Deadline: July 11 Congratulations to the winners of the 2015 IMA Case Writing Competition: First Place Award ($2,000) “West Coast Equestrian Association” Doug Kalesnikoff, FCPA, FCA, IFA, CFE, University of Saskatchewan Vince Bruni-Bossio, MBA, University of Saskatchewan Suresh Kalagnanam, PhD, CPA, CMA...
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...moral academic standards while attending the university. In compliance with this policy, it would be unethical for a student to use a solutions manual to help solve any problem or case assigned. Using a solutions manual would fall under the definition of cheating that is clearly outlined in the Delta State Graduate Catalog. In an example listed it states the use of notes or any other aid not specifically allowed or approved by the instructor as cheating (DSU Graduate Catalog, p. 26). Within the scope of the definition, the use of the manual would only be permitted if the student receives permission from the instructor (DSU Graduate Catalog, P. 26). In this case, since the instructor did not allow for the use of the manual, the student is in violation. If the student is suspected of using the solutions manual, the instructor can schedule an appointment with the student for the appropriate action to be taken. Penalties can range from the failing of a final exam to dismal from the university (DSU Graduate Catalog, p. 28). Students are allowed to appeal the recommend punishment stated in the university’s undergraduate and graduate bulletins (DSU Graduate Catalog, p.28). The IMA Statement of Ethical Professional Practice is very clear on the importance of ethical behavior it expects. IMA has overarching principals that include: honesty, fairness, objectivity, and responsibly. The IMA believes that all members should adhere to these principles. Under current IMA ethical...
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...accountant or corporate accountant all career opportunities are unlimited. Most employers’ believe that a CMA candidate is more qualified and experience with managing a business finances versus a noncertified candidate. The Institute of Management Accountant (IMA) is the organization that administers the CMA exam. There are 4 main requirements to sit for the CMA test. First and most important is obtaining your Bachelor’s Degree from an accredited University of College. Secondly, you must become a member of the IMA. The third requirement is passing both part one and part two of the CMA exam. Lastly, you have to have two years of continuous professional experience in management accounting or financial accounting. (IMA, n.d., How Do I Enroll in CMA) Let’s discuss IMA fees associated for the CMA certification. There are several obligatory fees that differentiate with discounts for qualified members and professionals. If you are a qualified student or academic member the entrance fees is $120.00. Professional entrance fees are $240.00, which is doubled the amount for members. There is a $50.00 rescheduling exam fee for both professional and members. There is a $296.25 fee for students and $197.50 fee for academic member’s per...
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...eligible. Students must carry at least six (6) credits per term. Criteria for selection will be based on the following: * Academic merit * Participation in leadership activities in either school or community * Strength of recommendations and your application cover letter. Winners will be announced at the Annual IMA Student Night on March 2, 2012. Scholarships given will start at $500 with several scholarships given out. (The number of scholarships will increase depending on the number of Student Night Sponsors.) ************************************************************************************** COMPLETE THE APPLICATION FORM AND THE FOLLOWING INFORMATION TO APPLY FOR A SCHOLARSHIP 1. Submit current resume that includes: - education and employment history - participation in school, community, or leadership activities - awards - other information that you deem pertinent 2. Copy of your transcript that includes grades from the most recently completed term. 3. Recommendation letter from an employer or member of the academic community that has known you for at least one year (cannot be a relative.) 4. An application cover letter of 400 words or less addressing your career objectives, why you are applying for this scholarship and how your values and goals align with the IMA. For more information on the IMA check out the website at imanet.org 5. Complete the information on the form below 6. Combine the materials in a PDF document...
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...issuing body for the CPA, and the IMA is the certification issuing body for the CMA. The AICPA stands for the “American Institute of CPA’s”, while IMA stands for the “Institute of Management Accountants”. The AICPA has six major roles in which it contributes to the well-being of accountants (Melancon, 2002). The first role is to obtain a larger involvement from the user’s of financial statements in establishing auditing standards. A second role of the AICPA is to serve as a liaison between market institutions and corporations. Also the AICPA promotes research for investors into topics that can help these individuals protect themselves against fraud. One group that does this is the Association of Certified Fraud Examiners. A fourth role is the continuous change in education rules for CPA’s. Currently, the AICPA is trying to require more credits on fraud detection. They also try and help develop educational and training materials in include in college courses. A fifth role of the AICPA is to work with other standard-setters in increasing the transparency of financial and business reporting. This is very beneficial to the community because it allows investors to be more informed before they invest in a company. It allows for safer investments. The last role of the AICPA is to promote strong corporate governance and internal controls. The IMA is also highly involved in protecting the well-being of management accounting and financing. The mission of IMA is to provide a council for research...
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...Choosing a career as a certified accountant has become more complicated –that is choosing between becoming a CPA or a CMA. Never the less, receiving a certification in either of these two has the benefits of a higher salary, greater job opportunities and the chance of getting paid for your talent. Moreover, both Certified Public Accountant (CPA) and Certified Management Accountant (CMA) designations are highly recognized certifications in the accounting profession, but each has its distinct set of duties. Moreover, even though most people think that CPA is more prestigious than CMA, but CMA is more practical than CPA. Based on this variation, if one may decide to have both certifications, you have the better of the two worlds. Furthermore, there are many differences between CPA’S and CMA’s. Below are some of the differences discussed in paragraphs. CPA, which stands for Certified Public Accountant, is the more popular certification between the two. “It is also the most widely accepted and accredited certification for an accountant”( Harden, G ,2008 ) . Moreover, according to bureau of labor statistic, CPAs mostly handles tasks such as auditing, taxes, and preparing financial statements to ensure that an individual or company is able to meet the legal financial requirements mandated by local government agencies. CMA, on the other hand, stands for Certified Management Accountant. Accountants that receive this certification are more concern with handling responsibilities pertaining...
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...It is quite important for any entity to adhere to the set code of conduct. This is usually the expected level of behavior of members of that particular institution as they go about their daily duties or studies. Certified management accountant body has a set code of conduct which the members are expected to abide to. Similarly, Navarro College has its own students’ code of conduct which the students are supposed to observe; failure to which the breach of the code of conduct may accrue severe punishment in accordance with the institutional policies. To begin with, certified accountant body emphasizes on integrity (IMA code of conduct). This means that the certified accountants are expected to be in their best behavior as far as organizational policies are concerned. Navarro College also expects the students to remain worthwhile students by complying with the dressing code for instance. A decent mode of dressing enhances the students’ integrity and virtues. Misconduct is punishable in both codes of conducts. Navarro College sanctions behaviors deemed as misconduct; in equal measure, one of the core provisions of the certified accountants’ body is competence; failure to live to these competence standards may fall under negligence which is punishable through disciplinary sanctions. Yet another accountants’ code of conduct pillar is credibility. The members should show respect and adhere to the professional credibility provisions; In Navarro College, students should remain committed...
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...They did not release the name of the employee as the matter is under investigation. The suspect had been working in the Evening School Division of the school since 1998 and was responsible for tuition receipts and refunds. Apparently, the embezzlement was going on for several years. The incident came to light when the suspect requested a tuition refund on behalf of five students and an alert employee, who was helping him with the refund, noticed that he had seals of those five students, one of whom had died recently. She became suspicious and reported the matter to her supervisor who immediately called the police. The school has been under the supervision of the Ministry of Education for many years due to mismanagement and infighting among members of the school board.” Dan Wu, the president of Sanchou, read the news over and over again as he was having his morning coffee. He had been informed the previous evening that police had been called on campus. Later in the day, he called an emergency staff meeting to discuss the embezzlement. “Why did it happen? How much money did he take?” Dan asked his staff. He wondered whether the Weekend School and the Short-term Programs Division had similar problems, and what accounting policies and internal control procedures should be put in place to prevent recurrence of such incidents in the future. At the end of meeting, he asked Fong Pam, the dean1 of the Accounting Division, to investigate what led to the embezzlement and to determine how much...
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...professionals in my industry. Networking is essential to for me to move up the ladder in the accounting profession. Fellow organization members can also be great learning tools. Veteran members who have been in the industry for many years can use their experience to mentor or teach me new things to enhance my knowledge in my profession. Building relationships and bonds with members in organizations can lead to gaining better opportunities, businesses, occupations, and networks. A professional organization that I can join is the Association of Accountants and Finance Professionals (IMA). This organization’s goal is to provide opportunities to gain further knowledge about the industry through research, practice, teachings, meetings, forums. They also stress that professionals be ethical and use the best business procedures in management accounting and finance. They provide education programs, networking events, up to date newsletters, and information that can improve accounting/finance practices. Conferences and meetings are held every few weeks and are posted on their website. The American Accounting Association is another organization that can benefit my career. It is the leading and largest organization for accountants in the academic world. It has a reputation of having some of the best research and publications related to the accounting profession. Members of the AAA can network and cooperate with each other to research and publish informational documents. The AAA plays...
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...Certification Franklin University Professor 10 May 2013 CMA Certification CMA stands for Certified Management Accountant and it is the “advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance” (How To Become a CMA, n.d.). The Institute of Management Accountants governs the CMA exam and there are quite a few requirements one must meet in order to even be eligible to sit for the exam. First of all, you must be a member of the Institute of Management Accountants to be eligible for the CMA program. The other eligibility criteria includes paying the entrance fee, satisfying the education qualification, satisfying the experience qualification, receiving passing scores for all required examination parts, and compliance with the IMA Statement of Ethical Professional Practice. The entrance fee for Professional members is $225 and the entrance fee for students and academic members (members U.S., Canada, or Mexico) is $75. The education qualification includes having a bachelor’s degree, in any area, from an accredited college or university. Applicants may also have degrees that are not from accredited institutions but they must be evaluated by an independent agency. To be eligible for the experience qualification, applicants must have at least 2 years of continuous professional experience in management accounting and/or financial management. This experience is expected to be gained in full-time...
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...ima The Association of Accountants and Financial Professionals in Business 2015 Global Salary Survey 2015 Global Salary Survey About IMA® IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) program, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 80,000 members in 140 countries and 300 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe, and Middle East/Africa. For more information about IMA, please visit www.imanet.org. © March 2016 Institute of Management Accountants 10 Paragon Drive, Suite 1 Montvale, NJ, 07645 www.imanet.org/thought_leadership 2015 Global Salary Survey 2 www.imanet.org/salary_survey 2015 Global Salary Survey About the Author Kip Krumwiede, CMA, CPA, Ph.D., is the director of research for IMA. Kip received his Master of Accounting degree from Brigham Young University and his Ph.D. from the University of Tennessee. Prior to joining IMA, Kip spent 18 years as a management accounting professor at Brigham Young University, Boise State University, and University...
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...financial planning, analysis, control, and decision support. These skills are critical to the success of finance teams. 管理会计师协会(ICMA®)会定期审查注册管理会计师的考试内容，以确保考试题 目已适时更新并且符合商业实践。知识体系的实际应用是十分重要的。注册管理会 计师考试与当今会计或财务专业人员在工作中所应用的专业知识、技能与能力保持 一致——财务计划、分析、控制及决策支持。这些技能对财务团队获取成功至关重 要。 1 The CMA program has been designed to meet the evolving needs of business – today and tomorrow. We look forward to helping you achieve excellence as a professional. Certification will confirm your proficiency in your chosen field and your dedication to personal and professional growth. 注册管理会计师考试体系旨在满足当今及今后商业发展的需求。我们希望帮助您成 为一名卓越的专业人员。取得注册管理会计师证书代表您已熟练掌握财会领域的专 业技能，并且体现了您对个人及职业发展的执着信念。 If you have any questions, please contact us at: 如有任何疑问，请联系我们： + 86-4000-ima-cma (4000-462-262) E-mail: IMAChina@imanet.org 电话：+...
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...Skills, Responsibilities and Roles of the Management Accountant Today's Management Accountant Skills, Responsibilities and Roles in Today's Global Economy Jennifer Dosch, CMA Metropolitan State University Chapter Goal: To demonstrate the skills necessary for management accountants in today's business environment. To identify and explain the responsibilities and roles for today's management accountant. Learning Objectives Demonstrate the differences between management and financial accounting. Describe important skills needed for today's management accountant. Examine responsibilities of the management accountant. Examine the roles required of today's management accountant. Summarize IMA's Code of Ethics for management accountants. Jennifer.Dosch@metrostate.edu Page 1 Skills, Responsibilities and Roles of the Management Accountant I. Overview of Accounting The two primary accounting roles in an organization are “financial” and “management” accounting. The recording of transactions and preparing financial reports is the financial accounting role. Financial accounting deals with historical results, the recording and reporting of transactions that have occurred. For example, paying cash for salaries expenses incurred or recording the purchase of raw materials. The recording of transactions and preparation of financial statements are currently guided by Generally Accepted Accounting Principles (GAAP). GAAP consists of standards and...
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...behavior. In 1972, the first CMA exam and accreditation was administered to accounting professionals (CMA Handbook, 2012). Forty years later, the program has developed into an internationally recognized program. Individuals who wish to distinguish themselves from thousands of other accountants have the opportunity for a board of regents to review their credentials and pass a two-part examination, which will provide certification. The areas of expertise include: financial planning, analysis, control, and decision support (CMA Handbook, 2012). This paper will cover the basic requirements of following the CMA designation and benefits it will bring. The first step that must be taken by a candidate is becoming a member of the Institute of Management Accountants. Becoming a member requires paying dues and upholding the ethical/professional stance of the organization. To fulfill the educational requirements of a CMA, an individual must receive a bachelor’s degree, in any major, from an accredited university or college. A complete listing of pre-approved schools is found at http://univ.cc/world.php (CMA Handbook, 2012). Just because a school is not on the list, does not mean a person cannot meet this particular criterion. He or she will need to submit the school and a notarized official transcript for evaluation. An entrance fee into the program is required of everyone. However, this payment provides much more than just a lighter wallet. Not only does this provide CMA exam support documents...
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...charge as the Chief of Army Staff on May 31, 2012. He becomes the 25th chief of the world's second-largest army. He was commissioned on March 31, 1972, into the Sikh Light Infantry (SIKHLI) Regiment. His colleagues remember him as a bright cadet at the Indian Military Academy (IMA), where he held the appointment of Battalion Cadet Adjutant (BCA). The affable cadet, known as 'Bikki' to his friends, topped the Young Officer's course at the Infantry School and was adjudged the 'Best Young Officer.' He was also awarded the prestigious 'Commando Dagger' for being the best commando along with 'Best in Tactics' trophy. It was during his tenure as an instructor at the Commando Wing of the Infantry School that General Singh met the woman he would marry. Then a young Captain, he met, Surjeet Kaur - popularly known as 'Bubbles' in army circles - at a family wedding. "It indeed was love at first sight," the General recalled. "Within a week, things were arranged and we got engaged. However, I was not happy with the marriage being fixed after six months. So, I called her up from Belgaum and told her to be prepared for marriage within a month. Of course, this required convincing parents and family members on both sides." Bubbles joined him at the Commando Wing of the Infantry School within the stated time-frame. "During various demonstrations that used to be organised for the public, I ensured that Bubbles was present to see and appreciate our commando skills and techniques," he...
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