This Statement on Management Accounting (SMA) demonstrates how creative problem solving (CPS) skills can be applied to management accountants’ most pressing business challenges. CPS offers a four-step process that leads to unique and novel solutions and enables management accountants to optimize creative thinking.

The CPS methodology provides an efficient and effective framework for companies to tackle a single challenge by taking teams through four problem-solving steps:

  • Clarifying a challenge
  • Ideating solutions
  • Developing a proposed solution
  • Planning for implementation

Other IMA resources on this topic include:

Online Course: IMA Creative Problem Solving

Download the SMA

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