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Associated Press
13 hours ago
- Business
- Associated Press
IMA Expands Competency Framework for Accounting and Financial Professionals
Ensures practitioners remain trusted strategic business partners who safeguard and create value MONTVALE, NJ / ACCESS Newswire / June 22, 2025 / IMA® (Institute of Management Accountants), today announced at the annual IMA Accounting and Finance Conference the expansion of its industry-leading Competency Framework. This blueprint defines professional needs, develops relevant solutions, and delivers the education, certification, skills development, research, and insights that empower management accountants and financial professionals in business to succeed. The expanded framework inclusively builds on the current domains and responds to evolving realities, ensuring practitioners remain trusted strategic business partners who safeguard and create value. The new framework expands to include skills that have become essential in today's business environment. These broader, cross-functional skills are critical for finance and accounting professionals to succeed as the profession evolves. These skills also help IMA connect with professionals in related fields, such as data analysis, business operations, information technology, and project management, who work closely with finance teams and share similar goals and challenges. 'The IMA Competency Framework is a fresh, future-ready blueprint designed to guide your growth and development. It's built to reflect where accounting and finance are going, not just where they've been, and the skills and competencies required for success. It's about giving professionals the confidence and clarity to own their next move and the knowledge and tools to prove it,' said Michael DePrisco, President & CEO, IMA. Harnessing the organization's legacy of innovation, this new blueprint reinforces the critical role and the evolving skills of the profession and builds its offerings around those insights. From technical fluency to strategic leadership, IMA's offerings reflect the core capabilities needed to succeed in today's roles-and tomorrow's careers. This framework is ideally suited for businesses and enterprises, where IMA programs are built on a dynamic model of competencies required across finance and accounting roles, making learning aligned, scalable, and tied directly to business impact. The expanded framework details each domain and embedded competencies. It offers practical guidance for professionals, employers, organizations of varying sizes, industries, educators, and regulators. More details will be provided at this year's IMA Conference during the panel discussion: 'Bridging Knowledge & Practice: The IMA Management Accounting Competency Framework as a Guide for the Future,' on Wednesday, June 25, 2025, and the Accounting Association Annual Meeting in Chicago, August 2-6, 2025. About IMA® (Institute of Management Accountants) IMA® 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), CSCA® (Certified in Strategy and Competitive Analysis), and FMAA™ (Financial and Managerial Accounting Associate) certification programs, continuing education, networking, and advocacy of the highest ethical business practices. Twice named Professional Body of the Year by The Accountant/International Accounting Bulletin, IMA has a global network of about 140,000 members in 150 countries and 200+ professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its six global regions: The Americas, China, Europe, Middle East/North Africa, India, and Asia Pacific. For more information about IMA, please visit CONTACT: IMA News Bureau [email protected] SOURCE: IMA® (Institute of Management Accountants) press release
Yahoo
24-04-2025
- Business
- Yahoo
IMA renews associate membership with AFA
The Institute of Management Accountants (IMA) has renewed its associate membership of the ASEAN Federation of Accountants (AFA). The AFA brings together national accounting bodies from ten South East Asian countries, promoting regional collaboration to support the region's economic, social and cultural progress. As an associate member, the IMA is positioned to further influence the development of the accounting sector both regionally and globally. AFA president Doan Xuan Tien said: 'IMA brings impactful contributions to the region, through active collaboration as an AFA member, with its growth mindset, new offerings to its members and organisations in our member countries, and the development of accounting talent throughout South East Asia. 'We look forward to continuing our work together and to have Joscel as the IMA delegate.' IMA Philippines Chapter and Apeiron chairman Joscel Delos Cielos will represent the IMA in the AFA and contribute to the AFA Working Committee 2 on Thought Leadership. Since its initial membership in 2019, the IMA has actively engaged with other AFA accounting association members on various research initiatives pertinent to South East Asia. Under the guidance of Delos Cielos, the IMA will enhance its support for the AFA by producing research, organising events and publishing reports to promote management accounting in the region. IMA president and CEO Mike DePrisco said: 'Our work with AFA has enhanced the IMA member experience in South East Asia with collaborations, thought leadership and networking opportunities. 'I would like to thank Joscel for taking on the important role of being a delegate for our organisation and seeing what new opportunities we can continue to uncover.' A recent survey by the Association of Chartered Certified Accountants and the IMA highlighted a decline in global accountants' confidence at the start of 2025, marking the lowest point since the second quarter of 2020 (Q2 2020). The decrease in confidence at the beginning of 2025 was less than the sharp fall seen in the last quarter of 2024, according to the findings from the Q1 2025 Global Economic Conditions Survey. "IMA renews associate membership with AFA " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
