India: Following its centennial year, IMA® (Institute of Management Accountants), one of the largest and most respected associations focused exclusively on the advancement of the management accounting profession, released its Annual Review “100 Years and Counting” today, highlighting record global growth in Fiscal Year 2019 (July 2018 through June 2019). The report summarizes the events and milestones IMA reached in terms of Certified Management Accountant (CMA) metrics, global growth, educational offerings, and diversity and inclusion initiatives.
Among the key achievements of the past year, IMA:
- Experienced significant year-over-year growth in membership (25 percent) and key CMA®(Certified Management Accountant) metrics, such as new CMA candidates (26 percent), CMA exam registrations (46 percent), and new CMAs (89 percent)
- Offered chapter events and courses across its global offices
- Awarded more than 10,000 CMAs and reached 139,000 members spanning 150 countries
- Launched new career-focused educational products and services, such as a Technology and Analytics Centerand CareerDriver® Assessment Tool
- Enhanced its Management Accounting Competency Frameworkand developed the new CMA 2020 exam, reflecting digital and strategic skills needed to stay relevant
- Hosted Women’s Accounting Leadership Series events held across four continents
The report, available for download on IMA’s website, features commentary from FY 2019 Chair of IMA’s Global Board of Directors Ginger White, CMA, CSCA, and IMA President and CEO Jeff Thomson, CMA, CSCA, CAE.
“Our members are the reason we exist, and the programs, products, and services we develop are designed for their competitive advantage,” said Thomson. “We understand the challenges of navigating a career in this digital age, and we are committed to helping members achieve their goals. When any one of them gains relevance because they learned a new skill or expanded their career comfort zone, we have done our job.”
Visit the 2019 Year in Review webpage for complete details.
Commenting on IMA’s growth, Hanady Khalife, Senior Director, ME & India Operations, IMA, Institute of Management Accountants said, “We have always been driven by the passion to share knowledge that is current and integral to the success of our profession. To us, if harnessed effectively, digital disruption can positively transform our industry. Therefore, it is our duty to empower CMA holders to optimize their organizations’ chances for success by helping them to reskill themselves to maintain a relevant understanding of the dynamic economic environment around them and drive much needed value. IMA recognizes the challenges pertaining to the profession and industry, but it also works tirelessly to identify the underlying opportunities, henceforth, we will remain committed towards the comprehensive development of finance and accounting professionals in India and all the other markets we are present in.”
