Institute of Management Accountants, Inc. (IMA)

For nearly 100 years, IMA has been a champion of—and resource for—management accounting and financial professionals. Our story is one of steady transformation yet unwavering commitment: As we’ve progressed through each decade, we’ve never lost our mission-led purpose to uphold the profession. The organization was founded in Buffalo, N.Y., in 1919 as the National Association of Cost Accountants (NACA) to promote knowledge and professionalism among cost accountants and foster a wider understanding of their role in management. In 1957, our name was changed to the National Association of Accountants (NAA), beginning an era in which we would later develop our hallmark credential, the CMA®. In 1991, the organization's name was again changed to the Institute of Management Accountants (IMA), signifying our broader role as the association for accountants and financial professionals working inside organizations. Today we are known by the shorthand—IMA—and continue the legacy of professional excellence begun nearly a century ago. Our Timeline 1919 Founding of the National Association of Cost Accountants (NACA) in Buffalo, N.Y., an early incarnation of IMA 1920 First chapter of NACA formed in Chicago First NACA Annual Conference held in Atlantic City, N.J. 1925 NACA Bulletin introduced 1935 Library established at NACA national office 1943 First international chapter chartered 1945 Research committee established 1949 NACA Bulletin becomes monthly publication 1957 NACA becomes National Association of Accountants (NAA) 1959 Student Publication Services inaugurated 1969 Management Accounting Practices Committee established 1972 Certified Management Accountant (CMA) program created The first Statement on Management Accounting (SMA), Concepts for Contract Costing, issued 1983 Standards of Ethical Conduct of Management Accountants, the first code of ethics for management accountants in the U.S., issued 1989 Financial Executive of the Year Award (FEYA) program established 1991 National Association of Accountants becomes Institute of Management Accountants (IMA) 1992 IMA becomes a founding member of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), a private-sector organization dedicated to improving the quality of financial reporting 1994 IMA celebrates its 75th anniversary and publishes Proud of the Past–75 Years of Achievement IMA Foundation for Applied Research (FAR) is formed for the advancement of management accounting 1996 IMA establishes the Certified Financial Manager (CFM®) program 1997 CMA and CFM tests are computerized 1999 IMA relaunches and renames its flagship magazine, Strategic Finance, which also becomes available online Management Accounting Quarterly debuts Fall 1999 2000 First IMA Student Conference held in Colorado Springs, Colo. 2006 First IMA Global Conference held in Dubai, UAE 2009 LinkUp IMA, our exclusive online professional community, launched 2011 Simple Chinese version of CMA exam introduced 2012 CMA program celebrates 40 years of success 2013 Simple Chinese version of CMA exam introduced 2014 New IMA regional offices open in Shanghai and Cairo 2015 IMA launches new book line with first book on innovation 2016 ICMA awards 50,000th CMA certificate

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