Financial management: the leading edge of management accountancy

Article Abstract:

The International Federation of Accountants' Financial and Management Accounting Committee (FMAC) is focusing efforts to raise management accouting competence in the area of enterprise control. The advancement of technology and computers serves as the challenge to management accountants who have to compete against technicians and computers for accounting jobs. Proactive involvement in enterprise control would require management accountants to be adept not only in accounting but in financial management as well. Accountants are tasked with enforcing suitable levels of control in the disbursement of funds, whether it be at strategic, tactical or operational levels. Control systems therefore must be adaptable to sudden market changes. Accountability is gained from control while deriving feedback that serves as a decision making guide. It is vital for management accountants to have the skills for developing control systems.

Standards, Usage, Accounting and auditing, Financial management, International Federation of Accountants

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Should the IMA require mandatory continuing education

Article Abstract:

The Institute of Management Accountants (IMA) conducted a survey of its members to determine how the imposition of a mandatory education requirement would be perceived in relation to a possible negative impact on membership. The survey results, which were culled from 754 responses received, indicated that 79% of members would continue membership even if a mandatory education requirement was imposed. However, only 20% of respondents believed that there would be no drop in membership. The results indicate that while a majority of IMA members believe such a continuing education requirement would have a beneficial effect on the organization, most also believed it would have a significantly negative effect on IMA membership.

Surveys, Training, Continuing education

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IMA visits Capitol Hill

Article Abstract:

A delegation from the Institute of Management Accountants (IMA), led by President Donald W. Baker, met with US representatives and officers of several administrative agencies in Capitol Hill as part of the IMA's effort to enhance the visibility of the Institute and the management accounting profession. IMA's officers, directors and staff members discussed issues important to the field of accounting with officials from the Treasury Department, the Department of Commerce, the Office of Management and Budget, the General Accounting Office, and the Securities and Exchange Commission.

Public relations, Public officers, Government officials, Baker, Donald W.

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