This Statement on Management Accounting presents the Profitability Analytics Framework, which provides a practical road map for management accountants to acquire broad knowledge of their business and take on a more active partner role in every key area of the business. The framework is providing improved internal decision support information throughout the organization to improve profitability and ensure management accountants are communicating and engaging in all areas of the organization in a valued way. The framework can support and enhance an organization’s strategic planning by providing data, information, analytics, and insights well beyond what is provided by traditional financial reporting.

This site uses cookies, including third-party cookies, to improve your experience and deliver personalized content. By continuing to use this website, you agree to our use of all cookies. For more information visit IMA’s Cookie Policy. The CFO is at the pinnacle of many finance functions. It is a role…

IMA® (Institute of Management Accountants) and the Shanghai National Accounting Institute (SNAI) partnered to conduct a survey of finance professionals in China in February 2020 about the challenges of facing the COVID-19 public health crisis. Respondents came from Shanghai, Guangdong, Jiangsu, Beijing, Zhejiang, Sichuan, Shandong, Hubei, and other Chinese provinces…

This report, based on a global survey of finance and accounting professionals, examines the impact of the pandemic on finance functions of organizations around the world. …

This SMA provides a framework for cost control and reduction centered on organizational culture and individual behavior. This Statement on Management Accounting (SMA) focuses on the importance of organizational culture in developing a climate for effective cost management and builds on existing research on the importance of culture in effective…

This SMA provides a framework for cost control and reduction centered on organizational culture and individual behavior. This Statement on Management Accounting (SMA) focuses on the importance of organizational culture in developing a climate for effective cost management and builds on existing research on the importance of culture in effective…

LEAWOOD, KS / ACCESSWIRE / August 13, 2021 / Alexandra Keleti was able to shed some light on how big data and data visualization can shape our accounting practices. Alexandra Keleti said that we need to be more rigorous in how we approach our data interpretations saying: “Did the data…

In a study of 23,158 companies, we found 40% of business owners share one common strength. They are Rainmakers — the primary revenue driver for their company. Rainmakers are exceptional at rapidly accelerating business growth, but our data suggests they eventually hit a ceiling. Revenue stagnates and business value plateaus, forcing owners to confront the Rainmaker’s Dilemma. The solution? Become an Architect.

Continuing education courses can sometimes put accountants and tax professionals to sleep, but a new breed of e-learning is making the process more enjoyable and engaging. Accounting and tax education provider Surgent recently added a course known as Red Flag Mania to its Surgent IQ online learning center. The game-based…