Institute of Management Accountants
organization of managerial accountants
The Institute of Management Accountants (IMA), formerly known as the National Association of Cost Accountants (NACA), is a professional organization of accountants.
History
IMA was founded in 1919 in Buffalo, New York as the National Association of Cost Accountants, later changing its name to IMA in 1957. It has its headquarters in Montvale, New Jersey, United States, and regional offices in Americas, Asia/Pacific, Europe, and Middle East/India. In 1969, it formed the management accounting practices committee that was entrusted with the task of promoting management accounting as a core area of study in line with IMA views. It had 12 members from several accounting bodies like FASB and other major accounting regulatory bodies. The representatives of the MAP were recognized for their expertise in accounting. The committee later merged with Foundation for applied research, forming the MAC/FAR committee.
Timeline
1919: Founding of the National Association of Cost Accountants (NACA) in Buffalo, N.Y., forerunner of the IMA
1920: First chapter of NACA formed in Chicago / First NACA Annual Conference held in Atlantic City
1925: NACA Bulletin introduced
1935: Library established at NACA national office
1943: First international chapter chartered
1945: Research committee established
1949: NACA Bulletin became monthly publication
1957: NACA became National Association of Accountants (NAA)
1959: Student Publication Services inaugurated
1969: Management Accounting Practices Committee established
1972: Certified Management Accountant (CMA®) program created / The first Statement on Management Accounting (SMA), Concepts for Contract Costing, issued
1983: Standards of Ethical Conduct of Management Accountants, the first code of ethics for management accountants in the U.S., issued
1989: Financial Executive of the Year Award (FEYA) program established
1991: National Association of Accountants became the Institute of Management Accountants (IMA)
1992: IMA became a founding member of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), a private-sector organization dedicated to improving the quality of financial reporting
1994: IMA Foundation for Applied Research (FAR) formed for the advancement of management accounting
1996: IMA established the Certified Financial Manager (CFM®) program
1999: IMA relaunched and renamed its flagship magazine, Strategic Finance, which also became available online / Management Accounting Quarterly debuted Fall 1999
2000: First IMA Student Conference held in Colorado Springs
2006: First IMA Global Conference held in Dubai, UAE
2009: LinkUp IMA, exclusive online professional community, launched
2013: IMA became a member of IFAC
2015: IMA announced partnership with Wiley and Miles Education to offer CMA courses in India
2017: IMA established Certified in Strategy and Competitive Analysis (CSCA®) program.
2018: IMA hits 100,000th member mark
2019: IMA released a book title 100 years and counting - a history of institute of management accountants
2020: IMA released two reports on revenue management and profitability analytics during COVID-19
2023: IMA established Financial and Managerial Accounting Associate (FMAA™) program.
Accounting certification
Additionally IMA provides certification, the Certified Management Accountant (CMA), for internal financial management responsibilities, including planning, budgeting, business reporting, decision analysis and risk management.
Begin with the source’s own compact description: “Institute of Management Accountants” is organization of managerial accountants. The dossier treats that line as a proposition to test through Institute, Management and Accountants, not as a finished interpretation.
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The phrase “organization of managerial accountants” supplies a clear boundary for inquiry. It also exposes the unanswered questions: who defined that boundary, when it became stable and which sources sit outside it.
Chronology, provenance and viewpoint should be read together before a broad social or political interpretation is accepted. The source revision retrieved here is dated Jul 8, 2026. The linked authority identifier is Q3152803. VIAF identifies the subject as 141972641. The Library of Congress control number is n91089542. 3 of 4 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 1919, 1957, 1969 and 1920.
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This entry incorporates text from “Institute of Management Accountants” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.