IMA Press Releases The Association for Accountants and Financial Professionals in Business http://www.imanet.org/about_ima/news/press_releases.aspx http://backend.userland.com/rss IMA Launches Austrian Chapter and Partnership with the Austrian Controller <p style="text-align: left;"><strong>Zurich, Switzerland, May 10, 2012</strong> – IMA® (Institute of Management Accountants) – a global member<br /> association of accountants and financial professionals in business – is pleased to announce the launch of<br /> its Austria chapter, its sixth in Europe. The chapter is domiciled at the Austrian Controller Institute (OeCI)<br /> in Vienna, through a partnership between the two organizations.</p> <p style="text-align: left;">As host of the new chapter, OeCI is offering a joint-membership option in which members can benefit<br /> from the local and global networks of both organizations. OeCI will also begin offering Part 1 of the<br /> Certified Management Accountant (CMA®) examination review course to help candidates prepare for the<br /> exam during the January-February 2013 testing window. For more information, please contact Birgit<br /> Noehammer at <a href="mailto:Birgit.Noehammer@oeci.at">Birgit.Noehammer@oeci.at</a>.</p> <p style="text-align: left;">IMA chair Brian McGuire, Ph.D., CMA, CPA, CITP, CBM, presented the chapter charter this month at a special <br /> ceremony at OeCI’s annual members’ meeting in Vienna.</p> <p style="text-align: left;">“With the increasing globalization of business, it is important for professionals to keep pace with the latest<br /> knowledge, skills, and trends in the profession,” said Dr. McGuire. “Local accounting and finance<br /> professionals will benefit from the knowledge and marketing efforts of OeCI. I’m pleased that our two<br /> organizations can work together to advance the profession in this important region.”</p> <p style="text-align: left;">The Austria chapter’s officers include: Christian Kreuzer, president; Rita Niedermayr-Kruse, president elect;<br /> Pascal Peter, CMA, vice president; Birgit Noehammer, secretary/treasurer; and Jana Krčmářová,<br /> professional education team member. Other key members of the chapter’s organizational committee<br /> include Klaus Furthmayr, Albin Hahn, Michael Heinisch, Siegfried Mayrhofer, Christof Müller, Michaela<br /> Novak-Chaid, and Karlheinz Zügner.</p> <p style="text-align: left;"><strong>About IMA® (Institute of Management Accountants)</strong><br /> IMA®, the association of accountants and financial professionals in business, is one of the largest and<br /> most respected associations focused exclusively on advancing the management accounting profession.<br /> Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant)<br /> program, continuing education, networking, and advocacy of the highest ethical business practices. IMA<br /> has a global network of more than 60,000 members in 120 countries and 200 local chapter communities.<br /> IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai,<br /> UAE; and Beijing, China. For more information about IMA, please visit <a href="http://www.imanet.org">www.imanet.org</a>.</p> <p style="text-align: left;"><strong>About OeCI (Austrian Controller Institute)</strong><br /> The Austrian Controller's Institute (OeCI) was established in 1982 and is the association for controllers in<br /> Austria. OeCI is the local market leader in professional financial education for managers in corporations<br /> and non-profit organizations. It offers postgraduate programs, courses of study, seminars, conferences<br /> and in-house trainings with more than 3,000 participants every year. More than 500 companies are<br /> members of OeCI. With subsidiaries in the Czech Republic and Romania, OeCI also has a strong focus<br /> on Eastern Europe. For more information about OECI, please visit <a href="http://www.oeci.at">www.oeci.at</a>.</p> <hr /> Click here to download <a href="/PDFs/Public/Press_Releases/2012/Austria Chapter Announcement Press Release_5.10.12.pdf" target="_blank">PDF</a>  http://www.imanet.org/about_ima/news/press_release_detail/12-05-10/IMA_Launches_Austrian_Chapter_and_Partnership_with_the_Austrian_Controller.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-05-10/IMA_Launches_Austrian_Chapter_and_Partnership_with_the_Austrian_Controller.aspx 38c4a477-574b-46aa-a613-9d6ae2856477 Thu, 10 May 2012 14:21:00 GMT IMA Urges Senate to Ratify DATA Act, Recommends XBRL as Data Standard for US Government <p style="margin: 0in 0in 0pt;"><strong>Montvale, N.J., May 3, 2012</strong> – IMA®, the world’s leading and largest association focused exclusively on advancing the global management accounting profession, announced today its support of H.R. 2146, “The Digital Accountability and Transparency Act” (DATA Act), and urged the full U.S. Senate to proceed on passage of its companion bill (S. 1222). </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">The DATA Act recommends that <a href="http://linkupima.com/groups/7eab42efae/summary">eXtensible Business Reporting Language (XBRL)</a> be considered as the non-proprietary data standard for the U.S. government, and IMA supports the use of the technology, which will provide accountability and transparency to federal government spending. XBRL – or interactive data – is a global, freely available, standardized data format for exchanging financial and business information in a computer-readable format. </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">“XBRL enables more transparent, streamlined exchange and analysis of data critical for government oversight," said Brad J. Monterio, IMA board member, chair of IMA’s XBRL Committee, and managing director at Colcomgroup, Inc. " U.S. lawmakers have an opportunity to save taxpayer money, improve information transparency, eliminate process inefficiencies, and better manage risk through the use of XBRL and passage of the DATA Act."</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">The DATA Act passed the U.S. House unanimously on April 25, 2012 and has been referred to the U.S. Senate Homeland Security and Government Affairs Committee where it awaits approval before going to the full Senate for a vote.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">IMA is an original co-founder of the XBRL standard, and seeks to educate its members and the general public on its applicability to the management accounting profession given its use in internal reporting processes, decision making and analysis. </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">It has previously advocated for XBRL to be used in developing an international integrated reporting framework. For more information, see IMA’s comment letter to the International Integrated Reporting Council (IIRC): <a href="http://www.imanet.org/about_ima/advocacy_activity/advocacy_details/11-12-19/Integrated_Reporting_Discussion_Paper.aspx">http://www.imanet.org/about_ima/advocacy_activity/advocacy_details/11-12-19/Integrated_Reporting_Discussion_Paper.aspx</a>. </p> <p style="margin: 0in 0in 0pt; background: white;"> </p> <p style="margin: 0in 0in 0pt; background: white;">To learn more about XBRL, follow this link to download “XBRL and ERM: Increasing Organizational Effectiveness,” which originally appeared in Strategic Finance: <a href="http://www.imanet.org/mgi/eXtensible_Business_Reporting_Language_PR.aspx">http://www.imanet.org/mgi/eXtensible_Business_Reporting_Language_PR.aspx</a>.</p> <p style="margin: 0in 0in 0pt; background: white;">&nbsp;</p> <p style="margin: 0in 0in 0pt;"><strong>About IMA® (Institute of Management Accountants)<br /> </strong>IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the <a href="http://www.imanet.org/mgi/Management_Accounting_PR.aspx">management accounting</a> profession. Globally, IMA supports the profession through research, the <a href="http://www.imanet.org/cma">CMA®</a> (Certified Management Accountant) program, <a href="http://www.imanet.org/learning_center.aspx">continuing education</a>, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 60,000 members in 120 countries and 200 local chapter communities. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit <a href="http://www.imanet.org/">www.imanet.org</a>. </p> <p>&nbsp;</p> <hr /> Click here to download <a href="/PDFs/Public/Press_Releases/2012/XBRL Data Act Release_5.3.12.pdf" target="_blank">PDF</a> <p>&nbsp;</p> http://www.imanet.org/about_ima/news/press_release_detail/12-05-03/IMA_Urges_Senate_to_Ratify_DATA_Act_Recommends_XBRL_as_Data_Standard_for_US_Government.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-05-03/IMA_Urges_Senate_to_Ratify_DATA_Act_Recommends_XBRL_as_Data_Standard_for_US_Government.aspx 80e76cce-3414-494c-9532-2ffec90fd325 Thu, 03 May 2012 11:08:00 GMT Confidence in Global Economy Grew Substantially in First Quarter, ACCA/IMA Survey Reveals <ul> <li> <div style="text-align: center; line-height: normal; margin: 0in 0in 0pt 38.15pt;">Global confidence on the rise: Americas and Western Europe leading</div> </li> <li> <div style="text-align: center; line-height: normal; margin: 0in 0in 0pt 38.15pt;">Uptick in U.S. business confidence (32 percent in Q1 vs. 18 percent in Q4 ‘11)</div> </li> <li> <div style="text-align: center; line-height: normal; margin: 0in 0in 0pt 38.15pt;">54 percent still believe global economy is stagnating, but down from 73 percent in Q4 ‘11</div> </li> </ul> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt 38.15pt;"> </p> <p style="margin: 0in 0in 0pt;"><b>New York</b><b> and Montvale, N.J., April 23, 2012</b><span> – Confidence in the global economy recovered substantially in early 2012, regaining some of the optimism lost over the last year, according to the Q1 2012 <i>ACCA/IMA</i> <i>Global Economic Conditions Survey</i>, the largest global study of professional accountants.</span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><span></span></p> <p style="margin: 0in 0in 0pt;"><span>The quarterly survey, conducted by the ACCA (Association of Chartered Certified Accountants) and IMA<sup>®</sup> (Institute of Management Accountants), represents the views of 2,200 professional accountants around the world.  The share of respondents reporting confidence gains nearly doubled, from 16 percent in late 2011 to 29 percent, and while the majority (54 percent) still believed the global economy was deteriorating or stagnating, that figure was down from 73 percent the previous quarter.</span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><b></b></p> <p style="margin: 0in 0in 0pt;"><b>Economic conditions in the U.S.</b></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">Business confidence in the U.S. in early 2012 rose roughly in line with the global average; 32 percent of respondents reported confidence gains, up from 18 percent in late 2011, while 49 percent believe the global economy is recovering or about to do so, up from 26 percent in the previous quarter. Respondents reported a significant recovery in new orders and business investment, and a particularly strong rise in employment, although substantial pressures remain.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><span></span></p> <p style="margin: 0in 0in 0pt;"><span>All U.S. regions reported substantial, and statistically similar, confidence gains from a similarly low starting point.  The exception was the U.S. northeast, where confidence grew the least during early 2012.</span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><span>“When the results came in, we were a little sk<a name="_GoBack"></a>eptical and had to consider all of the likely objections first,” said Emmanouil Schizas, editor of the <i>ACCA/IMA Global Economic Conditions Survey</i>.  “Much of the rise in confidence is being reversed as we speak, as the relief factor subsides, but a lot of it is here to stay.”</span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><span></span></p> <p style="margin: 0in 0in 0pt;"><span>Looking globally, ACCA and IMA attribute much of the rise in global business confidence to objective improvements in the business environment, specifically new orders, but also warn that relief is an important driver in the short term – especially given the decreasing chances for nightmare scenarios anticipated in late 2011, such as an escalation of the European debt crisis or a hard landing for the Chinese economy.</span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">Confidence gains were fairly consistent across global regions and industries, although the Americas and Western Europe seemed to benefit the most in early 2012, as did manufacturers and distributors, particularly in the high-tech sectors.</p> <p style="margin: 0in 0in 0pt;">The survey reports increasing business dynamism, mostly in the Americas and Asia-Pacific, with businesses securing new orders where previously they would not have and are responding with increased investment and hiring.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><span>ACCA and IMA welcome this development, noting that investment has been subdued at the global level since the end of the ‘green shoots’ stage of the global recovery which lasted from mid-2009 to mid-2010.  Africa is still the most confident of the seven major regions covered by the survey, but it is clearly losing ground.</span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><span></span></p> <p style="margin: 0in 0in 0pt;"><span>The professional bodies also acknowledge the contribution of governments in their major markets, many of which showed signs of loosening their fiscal policies to boost a flagging recovery.  It is not clear how much longer they can afford to do so, as respondents generally continue to believe that many major economies, including both the U.S. and China, are likely to spend unsustainably in the medium term.  On the other hand, finance professionals in Western Europe and other countries experiencing austerity also doubted the sustainability of their own governments’ fiscal policies.</span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><span></span></p> <p style="margin: 0in 0in 0pt;"><span>“It’s too early to say whether the pattern of the modest recovery in 2012 is sustainable,” noted Raef A. Lawson, Ph.D., CMA, CPA<sup>®</sup>, IMA vice president of research. “It seems to rely on a sustained recovery of demand in the West, supply in the East, and confidence in sovereigns. It’s a precarious balance.”</span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">Finally, ACCA and IMA note that the global economy’s new-found dynamism has come at the price of rising input prices, and note that if even a timid recovery is accompanied by rising inflation, then a full-blown recovery, if and when it occurs, is likely to provide a challenge for central banks and other policymakers.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><b></b></p> <p style="margin: 0in 0in 0pt;"><b>For a copy of the full report, visit </b><a href="https://www.box.com/s/fcee5494809cdaf3fac1"><b><span><span style="color: #800080;">https://www.box.com/s/fcee5494809cdaf3fac1</span></span></b></a><span style="font-family: book antiqua;">.</span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><span style="font-family: book antiqua;"></span></p> <p style="margin: 0in 0in 0pt;"><b><span style="color: #000000;"></span></b></p> <p style="margin: 0in 0in 0pt;"><b><span style="color: #000000;">About ACCA </span></b><span style="color: #000000;">(</span><span>Association of Chartered Certified Accountants)<strong><br /> </strong></span>ACCA is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.  We support our 147,000 members and 424,000 students in 170 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 80 offices and centres and more than 8,500 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence. Visit ACCA at <a href="http://www.usa.accaglobal.com">www.usa.accaglobal.com</a><span style="text-decoration: underline;"><span style="color: #0000ff;">.</span></span> </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><b><span style="color: #000000;"></span></b></p> <p style="margin: 0in 0in 0pt;"><b><span style="color: #000000;">About IMA®</span></b><span style="color: #000000;"> (Institute of Management Accountants)<br /> </span>IMA<span>®<span style="color: #000000;">, 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 </span>CMA®<span style="color: #000000;"> (Certified Management Accountant) program, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 60,000 members in 120 countries and 200 local chapter communities. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit </span></span><a href="file://lif-resources/davisc/www.imanet.org">www.imanet.org</a>.</p> <p style="text-align: center; margin: 0in 0in 0pt;"><b><span>#   #   #</span></b></p> <p style="margin: 0in 0in 0pt;"><b><span style="text-decoration: underline;">Editor’s Note:</span></b> Survey findings for specific countries/regions are available upon request.</p> <hr /> Click here to download <a href="/PDFs/Public/Press_Releases/2012/GECS_Q1_2012_4.23.12F.pdf" target="_blank">PDF</a> http://www.imanet.org/about_ima/news/press_release_detail/12-04-23/Confidence_in_Global_Economy_Grew_Substantially_in_First_Quarter_ACCA_IMA_Survey_Reveals.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-04-23/Confidence_in_Global_Economy_Grew_Substantially_in_First_Quarter_ACCA_IMA_Survey_Reveals.aspx b9394d9f-47a3-42de-91ff-73502d44d6a9 Mon, 23 Apr 2012 13:31:00 GMT IMA Recognizes Top Young Professionals in the Accounting and Finance Profession with Inaugural Award <p style="margin: 0in 0in 0pt;"><strong>Montvale, N.J., April 9, 2012</strong> – <a href="http://www.imanet.org/ima_home.aspx">IMA®</a>, the association of accountants and financial professionals in business, is proud to announce the winners of its inaugural <a href="http://www.imanet.org/ima_membership/YPAward.aspx">Young Professional of the Year Award</a>. This award recognizes rising accounting and finance professionals who have displayed creative approaches to problem solving, demonstrated leadership, and have made contributions to the management accounting profession.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">Awards will be presented during <a href="http://www.imaconference.org/index.cfm">IMA’s 93rd Annual Conference &amp; Exposition</a> in Las Vegas this June. This year’s winners include:</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt 0.5in;">·<strong>Michael L. High, CMA</strong>, of Humble, Texas. Mr. High is Onshore management information manager at Royal Dutch Shell, where he plays an active role in the coaching, mentoring and development of junior finance staff and students. He is a member of IMA’s Houston chapter.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt 0.5in;">·<strong>Amanda R. Mathis, CPA</strong>, of Coppell, Texas. Mrs. Mathis is director of financial reporting and revenue accounting at Michaels Stores Inc. In her previous role as controller at Optim Energy, Mrs. Mathis started a company initiative to support CMA (<a href="http://www.imanet.org/cma" title="http://www.imanet.org/cma" target="_blank">Certified Management Accountant</a>) candidates and educate others about management accounting principles. She is a member of IMA’s Dallas chapter.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt 0.5in;">·<strong>Iyad Mourtada, CMA, CIA, CFE, CPLP</strong>, of Dubai, United Arab Emirates. Mr. Mourtada is a finance and accounting instructor at OpenThinking and conducts online training sessions for CMA candidates. He serves on the Board of IMA’s Dubai chapter. </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt 0.5in;">·<strong>Benjamin Mulling, CMA, CPA, CITP</strong>, of Independence, Ky. Mr. Mulling is CFO of Tente Casters, Inc. He was a founding member of IMA’s Young Professionals Committee and was the first Young Professional member to serve on the IMA Global Board of Directors.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt 0.5in;">·<strong>Jeremy A. Vryhof, CMA</strong>, of Marshall, Mich. Mr. Vryhof is senior analyst of finance training and development at Stryker Corporation, where he mentors colleagues and leads workshops on CMA certification program. He is a member of IMA’s Kalamazoo chapter. </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">“IMA is proud to recognize the recipients of these awards in acknowledgment of the tremendous achievements they have made early in their careers to advance the management accounting profession,” said Jodi Ryan, CPA, IMA director of education and corporate partnerships. “It is a great sign to see that the future of the profession is in capable hands.”</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><strong>About IMA® (Institute of Management Accountants)<br /> </strong><a href="http://www.imanet.org/">IMA®</a>, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the <a href="http://www.imanet.org/mgi/Management_Accounting_PR.aspx">management accounting</a> profession. Globally, IMA supports the profession through research, the <a href="http://www.imanet.org/cma">CMA®</a> (Certified Management Accountant) program, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 60,000 members in 120 countries and 200 local chapter communities. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit <a href="http://www.imanet.org/">www.imanet.org</a>.</p> <hr /> Click here to download <a href="/PDFs/Public/Press_Releases/2012/Young Professional of the Year Award Release_4.9.12.pdf" target="_blank">PDF</a> http://www.imanet.org/about_ima/news/press_release_detail/12-04-09/IMA_Recognizes_Top_Young_Professionals_in_the_Accounting_and_Finance_Profession_with_Inaugural_Award.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-04-09/IMA_Recognizes_Top_Young_Professionals_in_the_Accounting_and_Finance_Profession_with_Inaugural_Award.aspx 963b99e4-8b35-4c34-9b84-38ddfc3c770f Mon, 09 Apr 2012 14:49:54 GMT IMA’s 93rd Annual Conference & Exposition Offers Networking Opportunities for Accountants and Financial Professionals <p style="margin: 0in 0in 0pt;"><strong>Montvale, N.J., March 28, 2012</strong> – IMA®, the association of accountants and financial professionals in business, will hold its <a href="http://www.imaconference.org/index.cfm"><em>93rd Annual Conference &amp; Exposition</em></a> in Las Vegas from June 23-27, 2012, at the Mandalay Bay Resort &amp; Casino. Accounting and financial professionals can network while earning more than 30 NASBA approved continuing education credits. </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">Early bird registration is available through March 30. Complete information on the conference program can be found at: <a href="http://www.imaconference.org/conference_sessions.cfm">http://www.imaconference.org/conference_sessions.cfm</a>. Attendees can create their own curriculum to meet personalized learning objectives by choosing from more than 40 sessions and events, including:</p> <p>        <strong> Networking opportunities</strong> such as the session, “Effective Networking via Effective Communication: Your Jackpot to Success,” and the <a href="http://www.imanet.org/cma">CMA</a> 40th Anniversary Celebration Reception &amp; Networking Event</p> <p>        <strong> Keynote sessions</strong> from practitioners in private industry, small business, academic institutions, government agencies, and multinational corporations including Steven Covey, practice leader, Franklin Covey's Global Speed of Trust Practice; and Richard K. Harrison, star of “Pawn Stars” and owner of Gold and Silver Pawn Shop.</p> <p>         <strong>Concurrent sessions</strong> that provide actionable guidance on technologies and trends impacting accountants and financial professionals. Topics include Enterprise Risk Management, International Financial Reporting Standards, and <a href="http://www.imanet.org/about_ima/advocacy_activity/eXtensible_business_reporting_language.aspx">eXtensible Business Reporting Language (XBRL)</a>.</p> <p style="margin: 0in 0in 0pt;">“The accounting profession is evolving at a rapid pace and professionals must stay current with the latest tools and information to remain successful in their fields,” said Jeff Thomson, CMA, IMA president and CEO. “Conference attendees will have access to top-notch resources that will help them continue to learn, while also networking with their peers.”</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">This year’s conference will also celebrate the 40th anniversary of the Certified Management Accountant (<a href="http://www.imanet.org/cma_certification.aspx">CMA®</a>) credential, the most substantial measure of management accounting skills and qualifications.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><strong>About IMA® (Institute of Management Accountants)<br /> </strong>IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the <a href="http://www.imanet.org/mgi/Management_Accounting_PR.aspx">management accounting</a> profession. Globally, IMA supports the profession through research, the <a href="http://www.imanet.org/cma">CMA®</a> (Certified Management Accountant) program, <a href="http://www.imanet.org/learning_center.aspx">continuing education</a>, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 60,000 members in 120 countries and 200 local chapter communities. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit <a href="http://www.imanet.org/">www.imanet.org</a>. </p> <p style="text-align: center; margin: 0in 0in 0pt;"># # #</p> <p style="margin: 0in 0in 0pt 1in;">                        </p> <p style="margin: 0in 0in 0pt;"><strong>Editor’s Note</strong></p> <p style="margin: 0in 0in 0pt;">Working press will be extended Media Passes for the conference. Please contact Tara Baumgarten at <a href="mailto:tara@sternassociates.com">tara@sternassociates.com</a> or (908) 276-4344, x-219 for details.</p> <hr /> Click here to download <a href="/PDFs/Public/Press_Releases/2012/Annual Conference Early Bird Closes_3.28.12.pdf" target="_blank">PDF</a>. <p> </p> http://www.imanet.org/about_ima/news/press_release_detail/12-03-28/IMA’s_93rd_Annual_Conference_Exposition_Offers_Networking_Opportunities_for_Accountants_and_Financial_Professionals.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-28/IMA%e2%80%99s_93rd_Annual_Conference_Exposition_Offers_Networking_Opportunities_for_Accountants_and_Financial_Professionals.aspx 64b1ae3f-bf15-4ac7-af3f-f7c2d3706da5 Wed, 28 Mar 2012 11:57:36 GMT The Ethical Challenges of Social Media Advancements in technology over the past 30 years have completely revolutionized the way we interact with one another and conduct business...<a href="http://businessfinancemag.com/article/ethical-challenges-social-media-0321" target="_blank">Read More</a> http://www.imanet.org/about_ima/news/press_release_detail/12-03-21/The_Ethical_Challenges_of_Social_Media.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-21/The_Ethical_Challenges_of_Social_Media.aspx 31a1b585-dc75-459a-b026-3b7f60e1c27c Wed, 21 Mar 2012 10:42:00 GMT Call for Submissions: IMA Case Writing Competition <p style="margin: 0in 0in 0pt;"><strong>Montvale, N.J., March 20, 2012</strong> – IMA® <span>invites academics and the accounting community to participate in its second annual<em> IMA Case Writing Competition</em>, a program of the<em> IMA Educational Case Journal</em> (IECJ</span>®<span>). IECJ is IMA’s </span>quarterly, online journal which promotes teaching cases and research relevant to accountants and financial professionals in business. </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">IMA welcomes cases in<span> any area of <a href="http://www.imanet.org/mgi/Management_Accounting_PR.aspx">management accounting</a> or related fields. Cash prizes for the winning entries will be awarded: $2,000 for first place; $1,000 for second place; and $500 for third place</span>. </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">International submissions (in English) are welcome and encouraged. IECJ <span>is listed in Cabell's Directory of Publishing Opportunities in Accounting.  </span></p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">Submissions of cases (and teaching notes) should follow the IECJ’s submission guidelines (available at <a href="http://www.imanet.org/IECJ">www.imanet.org/IECJ</a>). Manuscripts previously published or currently under review by other publications will not be accepted. Submission of cases reflecting “real world” situations are preferred.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt; layout-grid-mode: char;">All cases should be submitted electronically in MS-Word or PDF format to <a href="http://speakersbureau.imanet.org/speakerlanding/Raef_Lawson.aspx">Raef Lawson</a>, Ph.D., CMA, CPA, IMA vice president of research and professor-in-residence who serves as IECJ editor, at <a href="mailto:rlawson@imanet.org">rlawson@imanet.org</a>. Dr. Lawson can also be reached for any questions regarding the competition.</p> <p style="margin: 0in 0in 0pt; layout-grid-mode: char;"> </p> <p style="margin: 0in 0in 0pt; layout-grid-mode: char;">“IECJ offers innovative and informative teaching cases and research related to the management accounting profession,” said Dr. Lawson. “The publication accepts cases covering a wide range of topics reflecting the diverse skill set required by practitioners in this profession.”</p> <p style="margin: 0in 0in 0pt; layout-grid-mode: char;"> </p> <p style="margin: 0in 0in 0pt; layout-grid-mode: char;">The deadline for submissions is May 31, 2012, and prize winners will be announced by June 30, 2012.</p> <p style="margin: 0in 0in 0pt; background: white;"> </p> <p style="margin: 0in 0in 0pt;"><strong>About IMA® (Institute of Management Accountants)<br /> </strong>IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the <a href="http://www.imanet.org/mgi/Management_Accounting_PR.aspx">management accounting</a> profession. Globally, IMA supports the profession through research, the <a href="http://www.imanet.org/cma">CMA®</a> (Certified Management Accountant) program, <a href="http://www.imanet.org/learning_center.aspx">continuing education</a>, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 60,000 members in 120 countries and 200 local chapter communities. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit <a href="http://www.imanet.org/">www.imanet.org</a>.</p> <hr /> Click here to download <a href="/PDFs/Public/Press_Releases/2012/IMA Case Writing Competition_3.20.12.pdf" target="_blank">PDF</a>. http://www.imanet.org/about_ima/news/press_release_detail/12-03-20/Call_for_Submissions_IMA_Case_Writing_Competition.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-20/Call_for_Submissions_IMA_Case_Writing_Competition.aspx 1e06b19c-38b4-4039-8ec7-144955d21167 Tue, 20 Mar 2012 11:44:00 GMT What's Missing From COSO's New Internal-Control Guidance CFOs have had to certify their company’s internal controls for nearly a decade, putting their professional and personal well-being on the line every time they sign a 10-K. The work hasn’t gotten any easier as internal-control risks continue to increase...<a href="http://www3.cfo.com/article/2012/3/risk-management_coso-internal-control-guidance?currpage=1" target="_blank">Read More</a> http://www.imanet.org/about_ima/news/press_release_detail/12-03-20/What_s_Missing_From_COSO_s_New_Internal-Control_Guidance.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-20/What_s_Missing_From_COSO_s_New_Internal-Control_Guidance.aspx 1a53c97f-1dc2-4b93-b9a5-201a73efc2b6 Tue, 20 Mar 2012 10:46:00 GMT Creating Value through Values The recent economic downturn has drastically changed the way we conduct business on a global scale...<a href="http://www.credentialingexcellence.org/tabid/452/Default.aspx" target="_blank">Read More</a> http://www.imanet.org/about_ima/news/press_release_detail/12-03-16/Creating_Value_through_Values.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-16/Creating_Value_through_Values.aspx aa23870f-3e76-4375-865f-2179e5ff5530 Fri, 16 Mar 2012 11:33:00 GMT IMA Outlines Curriculum to Help Accounting Students Prepare for CMA Exam and Careers in Management Accounting <p style="margin: 0in 0in 0pt;"><strong>Montvale, N.J., March 13, 2012</strong> – IMA®, the association of accountants and financial professionals in business, has identified the optimal curriculum to help undergraduate and graduate students prepare for the Certified Management Accountant (<a href="http://www.imanet.org/cma">CMA</a>®) exam and careers in <a href="http://www.imanet.org/mgi/Management_Accounting_PR.aspx">management accounting</a>.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">To access the article, “The CMA Exam: How Well Does It Align with Typical Undergraduate and Graduate Business Programs?,” which appeared in IMA’s online journal “Management Accounting Quarterly,” visit: <a href="http://www.imanet.org/PDFs/Public/MAQ/2011_Q4/MAQ_Fall_2011_Lawson.pdf">http://www.imanet.org/PDFs/Public/MAQ/2011_Q4/MAQ_Fall_2011_Lawson.pdf</a>. </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">This research is an extension of IMA’s involvement with <a name="OLE_LINK2"></a><a name="OLE_LINK1">the </a>AAA Bedford Report of 1986, which examined accounting education and found  there is a severe gap between what accounting educators teach, and what organizations need from their accounting and financial staff. Based on the report, IMA suggests certification as a vital supplement to accounting and finance degree programs.  </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">“Because students can take the CMA exam prior to earning their bachelor’s degree, they need a guide to help them plan their coursework, including the selection of electives, to improve and streamline their preparation for the CMA examination,” said <a href="http://speakersbureau.imanet.org/speakerlanding/Raef_Lawson.aspx">Raef Lawson</a>, Ph.D., CMA, CPA, IMA vice president of research and professor-in-residence. “Further, these recommendations will help ensure that what is taught in the classroom mirrors on-the-job skills necessary for success.” </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">Sample curricula are identified for undergraduate students in accounting or finance degree programs, and graduate students in MAcc or MBA programs. The curriculum was developed by The Institute of Certified Management Accountants (ICMA®), the certification division of IMA, through primary and secondary research on the competencies that global CFOs and controllers deemed critical for organizational success.</p> <p style="margin: 0in 0in 0pt;"> </p> <p><strong>About IMA®</strong> (Institute of Management Accountants)<br /> IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the <a href="http://www.imanet.org/mgi/Management_Accounting_PR.aspx">management accounting</a> profession. Globally, IMA supports the profession through research, the <a href="http://www.imanet.org/cma">CMA®</a> (Certified Management Accountant) program, <a href="http://www.imanet.org/learning_center.aspx">continuing education</a>, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 60,000 members in 120 countries and 200 local chapter communities. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit <a href="http://www.imanet.org/">www.imanet.org</a>.</p> <hr /> <p>Click here to download <a href="/PDFs/Public/Press_Releases/2012/CMA Currciulum Mapping_3.13.12.pdf" target="_blank">PDF</a></p> http://www.imanet.org/about_ima/news/press_release_detail/12-03-13/IMA_Outlines_Curriculum_to_Help_Accounting_Students_Prepare_for_CMA_Exam_and_Careers_in_Management_Accounting.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-13/IMA_Outlines_Curriculum_to_Help_Accounting_Students_Prepare_for_CMA_Exam_and_Careers_in_Management_Accounting.aspx f90cf709-5f8c-4b11-a30f-7765f4ffd221 Tue, 13 Mar 2012 16:04:17 GMT Credit Rating Should Be Improved, Not Discarded Regulatory downgrading of the role of credit raters is misguided. Development of ethical and professional standards would make information needed by investors more useful and reliable...<a href="http://www.accountingweb.com/topic/accounting-auditing/credit-rating-should-be-improved-not-discarded" target="_blank">Read More</a> http://www.imanet.org/about_ima/news/press_release_detail/12-03-13/Credit_Rating_Should_Be_Improved_Not_Discarded.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-13/Credit_Rating_Should_Be_Improved_Not_Discarded.aspx 56f8d135-bde7-4ec2-82b3-a1ffc41ea97f Tue, 13 Mar 2012 10:53:00 GMT Research Identifies Biggest Challenges Facing Finance Organizations The Institute of Management Accountants and cloud-based financial and ERP product provider NetSuite Inc. have released a 23-page report, offering insights into the greatest challenges faced by today’s finance organizations, along with the steps that companies are taking to overcome them...<a href="http://www.accountingtoday.com/news/Research-Identifies-Biggest-Challenges-Facing-Finance-Organizations-61956-1.html" target="_blank">Read More</a> http://www.imanet.org/about_ima/news/press_release_detail/12-03-07/Research_Identifies_Biggest_Challenges_Facing_Finance_Organizations.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-07/Research_Identifies_Biggest_Challenges_Facing_Finance_Organizations.aspx 16bb0059-fa37-4b32-b06a-dc704ce64fb0 Wed, 07 Mar 2012 10:59:00 GMT IMA / NetSuite Research Report Identifies Biggest Challenges Facing Today’s Finance Organizations <p style="margin: 0in 0in 6pt;"><strong>Montvale, N.J., March 6, 2012</strong> – A new research report titled <a href="http://www.imanet.org/PDFs/Public/Research/Netsuite_Rising_Challenge.pdf">“Rising to the Challenge – Productivity in Accounting and Finance Organizations,”</a> was released today by IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business, and <a href="http://www.netsuite.com/">NetSuite Inc.</a> (NYSE: N), the industry’s leading provider of cloud-based financials and ERP software suites. </p> <p style="margin: 0in 0in 6pt;">The co-sponsored report offers fresh insights into the greatest challenges faced by today’s finance organizations, and includes steps companies are taking to overcome them. A full copy of the 23-page report is available on IMA’s website at: <a href="http://www.imanet.org/PDFs/Public/Research/Netsuite_Rising_Challenge.pdf">http://www.imanet.org/PDFs/Public/Research/Netsuite_Rising_Challenge.pdf</a>.<br /> <br /> Spearheaded by <a href="http://speakersbureau.imanet.org/speakerlanding/Raef_Lawson.aspx">Raef Lawson</a>, Ph.D., CMA®, CPA, IMA vice president of research and professor-in-residence, the research project entailed surveying 1,726 IMA members who represent finance organizations across all different industries. According to the report, key challenges faced by finance organizations include: </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt 0.5in;">·Streamlining processes and improving productivity in order to reduce costs; </p> <p style="margin: 0in 0in 0pt 0.5in;">·Achieving gains in productivity through business processes improvement efforts;  </p> <p style="margin: 0in 0in 0pt 0.5in;">·Improving strategic activities such as planning, budgeting, forecasting, cost and profitability analysis, and providing performance scorecards and reporting;  </p> <p style="margin: 0in 0in 0pt 0.5in;">·Running a global business efficiently, implementing/upgrading information systems, and connecting the finance team with the front office.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">The research found that financial organizations most often achieve productivity gains through the use of improved technology and automation. A substantial number of organizations are increasing productivity by integrating the various information systems within an organization. By doing so, organizations also may be able to enhance their responsiveness to customers.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">This report represents the work of a research partnership between IMA and NetSuite, the aim of which is to conduct joint research projects and deliver thought leadership through IMA webinars, conferences, and professional publications. </p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">“An important mission of IMA is to deliver solutions-oriented thought leadership that’s timely and relevant to the profession as a whole,” said Dr. Lawson. “In particular, the need for accounting and finance professionals to evolve into more strategic roles within an organization is a longtime area of study for IMA. The findings of this research report demonstrate our commitment to these endeavors, as they will help our members and the profession at-large both to identify and meet their most pressing challenges.”</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;">“We are pleased to co-sponsor this groundbreaking research, the results of which should help finance teams assess their greatest challenges and compare their organizations’ performance with those of their peers,” said Ron Gill, CMA, CFM, chief financial officer of NetSuite. “As these results indicate, the issues of streamlining processes and improving productivity are critical to an organization’s ability to overcome many of these identified obstacles. Accounting organizations should be able to greatly benefit from the insights offered in this report and we are pleased to have assisted IMA in producing it.”</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><strong>About IMA®</strong> (Institute of Management Accountants) </p> <p style="margin: 0in 0in 0pt;"><a href="http://www.imanet.org/">IMA®</a>, 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 <a href="http://www.imanet.org/cma">CMA</a>® (Certified Management Accountant) program, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 60,000 members in 120 countries and 200 local chapter communities. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit <a href="http://www.imanet.org/">www.imanet.org</a>.</p> <p style="margin: 0in 0in 0pt;"> </p> <p style="margin: 0in 0in 0pt;"><strong>About NetSuite<br /> </strong><a href="http://www.netsuite.com/">NetSuite Inc.</a> is the industry's leading provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites. In addition to financials/ERP software suites, NetSuite offers a broad suite of applications, including accounting, Customer Relationship Management (CRM), Professional Services Automation (PSA), and Ecommerce that enables companies to manage most of their core business operations in its single integrated suite. NetSuite's "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information. Today, more than 12,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations, as demonstrated by a recent Gartner study naming NetSuite as the fastest growing financial management systems vendor in the world. NetSuite has continued its success in delivering the best cloud ERP business suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.</p> <p style="margin: 0in 0in 0pt;">For more information about NetSuite, please visit <a href="http://www.netsuite.com/?ck=rBAgTvubAU5pUaOY&amp;vid=rBAgTt15ATQ3rQBK&amp;cktime=105467">www.netsuite.com</a>. </p> <hr /> <p>Click here to download the <a href="/PDFs/Public/Press_Releases/2012/IMA_Netsuite_Research Report.3.6.12.pdf" target="_blank">PDF</a>.</p> http://www.imanet.org/about_ima/news/press_release_detail/12-03-06/IMA_NetSuite_Research_Report_Identifies_Biggest_Challenges_Facing_Today’s_Finance_Organizations.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-06/IMA_NetSuite_Research_Report_Identifies_Biggest_Challenges_Facing_Today%e2%80%99s_Finance_Organizations.aspx 66da8a24-3de4-4a0b-9ce5-6439c9e8e771 Tue, 06 Mar 2012 16:11:22 GMT Rowing Upstream Integrated reporting is often referred to as the ‘next evolution in corporate reporting’ and, through the emergence of the International Integrated Reporting Committee, the subject is being hotly debated across the globe. Institute of Management Accountants XBRL committee chair Brad Monterio shares his views...<a href="http://www.vrl-financial-news.com/accounting/the-accountant/issues/ta-2012/ta-6099/comment-rowing-upstream.aspx" target="_blank">Read More</a> http://www.imanet.org/about_ima/news/press_release_detail/12-03-02/Rowing_Upstream.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-03-02/Rowing_Upstream.aspx 28e04f75-f1e6-40f4-9f63-e14260ce6d19 Fri, 02 Mar 2012 11:11:00 GMT Global Trade Drying Up, Says Economic Survey of Finance Professionals ACCA and IMA join forces to provide powerful insight into challenges facing business...<a href="http://www.accountingweb.com/topic/accounting-auditing/global-trade-drying-says-economic-survey-finance-professionals" target="_blank">Read More</a> http://www.imanet.org/about_ima/news/press_release_detail/12-02-27/Global_Trade_Drying_Up_Says_Economic_Survey_of_Finance_Professionals.aspx caletras@imanet.org http://www.imanet.org/about_ima/news/press_release_detail/12-02-27/Global_Trade_Drying_Up_Says_Economic_Survey_of_Finance_Professionals.aspx 9ed4431f-a9d3-4161-b288-b335e8b8a730 Mon, 27 Feb 2012 15:26:00 GMT