Institute of Management Accountants Dallas Area Chapter

Our sessions address the professional strengths and responsibilities of the Management Accountant (MA), focusing on interactions involving education, ethics, reporting, financing, GAAP, IFRS, and external interactions.The new 2008 definition from the IMA…… Management Accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy. The role of Management Accounting differs from that of public accounting. Management Accountants (MA) work throughout the business value chain, supporting decision making, planning and control, and compliance……. while audit and tax functions involve checking the work after the fact. MAs are valued business partners, directly supporting an organization's strategic goals. It has been said that Management Accounting is concept based whereas public accounting (GAAP) is rules based… The IFRS is referred to as being principles based… The Certified Management Accountant (CMA) is the professional designation for the Management Accountant (MA)…… The CMA designation is international in scope.