About Our Chapter
Members in the Institute of Management Accountants range from management accountants and financial management professionals just beginning their careers to presidents and CFO’s of major corporations. Membership also includes Certified Public Accountants, Educators, Students, and many involved with federal, state, and local governments.
The Pittsburgh Chapter is the fourth oldest chapter and has a long history of professional development for its members. Among the services we offer, are monthly technical meetings or social events, employment networking, Management Accounting or Financial Management Certification Programs, Scholarships, and much more.Email us for more information.
The Institute of Management Accountants…Advancing the Profession TM
The Institute of Management Accountants (IMA) is the world’s leading organization dedicated to empowering management accounting and finance professionals to drive business performance.
With a network of nearly 70,000 professionals, IMA provides a dynamic forum for management accounting and financial professionals to develop and advance their careers through its Certified Management Accountant (CMA) and Certified Financial Manager (CFM) programs, cutting-edge professional research and practice development education, networking, and the advocacy of the highest ethical and professional practices.
What is management accounting?
Management accounting is performed inside organizations. It is the internal business-building role of accounting and finance professionals, who design, implement, and manage internal systems that support effective decision support, planning, and control over the organization’s value-creating operations. Management accounting and finance professionals directly support an organization’s strategic goals.
Management accounting is about building value inside organizations. Value is built by focusing on economic analysis of productive processes, sales and customer profitability, and the value of employees and assets, both tangible and intangible.
Management accounting is focused on operations and the value chain, the leading indicators and harbingers of financial results, as opposed to the historical activities of external financial reporting and auditing. It is by nature forward looking and focused on seeking opportunities for growth and improvement.
Management accounting focuses on the real internal economics of the enterprise – creating new business, optimizing existing business processes, and analyzing customer value – that create long-term, sustainable value.
Who are management accountants?
Management accountants are strategic financial management professionals who integrate accounting expertise with advanced management skills to drive business performance inside organizations. They serve as trusted partners to executives in all areas of an organization, offering the expertise and analysis necessary for sound business decisions, planning, and support.
Management accountants monitor, interpret, and communicate operating results, evaluate performance, control operations, and make decisions about the strategic direction of the organization. They understand the business formula for delivering value to the customer, arriving at strategies for identifying, developing, marketing, and evaluating a product or service throughout its entire life cycle. Management accountants create value, rather than simply measuring it.
Management accountants possess advanced financial and strategic management competencies to provide leadership, innovation, and an integrating perspective to organizational decision making in the global marketplace. A management accountant relates the work of the organization and non-financial operating measures to the organization’s financial measures, focusing on all aspects of the organizational value creation, including research and development and employee knowledge and capability.