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Institute of Certified Management Accountants
The Institute of Certified Management Accountants, abbreviated as ICMA, is an Australian professional accounting body operating globally, focused on management accounting.
The ICMA became a legal reality when its first Constitution was adopted on 11 October 1996; and subsequently incorporated under the Associations Incorporation Act 1981 (Victoria) on 12 November 1996.
In March 1997, at a meeting of the Founding Members, it was decided that Leon Duval (a practicing chartered accountant and management accountant of some 25 years standing) be elected as Interim-President. A room in Duval's office at Suite 6, 242 Hawthorn Road, Caulfield, was the first address and secretariat of ICMA.
Under Duval's name, letters of invitation were sent to over 150 leading professionals and academics in the field of management accounting, to join the new institute as Foundation Members. Almost immediately 75 individuals accepted the invitation. The initial Executive Committee of the Institute was drawn from its Foundation Members.
Today, ICMA is a full-service institute for its members and other stakeholders. The services provided by ICMA Secretariat include maintaining the corporate website that is in keeping with the international profile of ICMA; which includes the designing and maintaining a Members Only area on the website. ICMA publishes 6 copies of the On Target eNewsletter annually, and has a bi-annual research journal, Management Accounting Frontiers (MAF). It maintains a Library by over 12,000 texts and professional and academic publications.
ICMA also provides the training and conducts examinations for its education program in all of its Regional and Branch locations and in over 20 other countries where students undertake the CMA program by online and via distance education. ICMA maintains the CEO Blog, with links to LinkedIn and Twitter. For those members who already possess the CMA, ICMA provides Continuing Professional Development (CPD) opportunities to members via its Certificates of Proficiency.
The ICMA is accredited by the Commonwealth of Nations under the category of Civic Organisations.
The flagship CMA Preparatory Program consists of two subjects, Strategic Cost Management and Strategic Business Analysis for which the entry criterion is either a degree in accounting or a recognised professional qualification in accounting. The CMA Preparatory Program was only open to those with a university degree in accounting; or a recognised professional qualification in accounting. In addition to passing the two subjects, one needed to have 5-years of business experience to qualify as a Certified Management Accountant (CMA). Thus, ICMA designed the first post-graduate level management accounting qualification in the world. There were other unique aspects to ICMA's Education program. It was the first professional body in the world to embed its CMA subjects within master's degree programs in accredited universities; and allow those universities to examine students internally. Today, many other professional bodies have followed this lead.
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Institute of Certified Management Accountants
The Institute of Certified Management Accountants, abbreviated as ICMA, is an Australian professional accounting body operating globally, focused on management accounting.
The ICMA became a legal reality when its first Constitution was adopted on 11 October 1996; and subsequently incorporated under the Associations Incorporation Act 1981 (Victoria) on 12 November 1996.
In March 1997, at a meeting of the Founding Members, it was decided that Leon Duval (a practicing chartered accountant and management accountant of some 25 years standing) be elected as Interim-President. A room in Duval's office at Suite 6, 242 Hawthorn Road, Caulfield, was the first address and secretariat of ICMA.
Under Duval's name, letters of invitation were sent to over 150 leading professionals and academics in the field of management accounting, to join the new institute as Foundation Members. Almost immediately 75 individuals accepted the invitation. The initial Executive Committee of the Institute was drawn from its Foundation Members.
Today, ICMA is a full-service institute for its members and other stakeholders. The services provided by ICMA Secretariat include maintaining the corporate website that is in keeping with the international profile of ICMA; which includes the designing and maintaining a Members Only area on the website. ICMA publishes 6 copies of the On Target eNewsletter annually, and has a bi-annual research journal, Management Accounting Frontiers (MAF). It maintains a Library by over 12,000 texts and professional and academic publications.
ICMA also provides the training and conducts examinations for its education program in all of its Regional and Branch locations and in over 20 other countries where students undertake the CMA program by online and via distance education. ICMA maintains the CEO Blog, with links to LinkedIn and Twitter. For those members who already possess the CMA, ICMA provides Continuing Professional Development (CPD) opportunities to members via its Certificates of Proficiency.
The ICMA is accredited by the Commonwealth of Nations under the category of Civic Organisations.
The flagship CMA Preparatory Program consists of two subjects, Strategic Cost Management and Strategic Business Analysis for which the entry criterion is either a degree in accounting or a recognised professional qualification in accounting. The CMA Preparatory Program was only open to those with a university degree in accounting; or a recognised professional qualification in accounting. In addition to passing the two subjects, one needed to have 5-years of business experience to qualify as a Certified Management Accountant (CMA). Thus, ICMA designed the first post-graduate level management accounting qualification in the world. There were other unique aspects to ICMA's Education program. It was the first professional body in the world to embed its CMA subjects within master's degree programs in accredited universities; and allow those universities to examine students internally. Today, many other professional bodies have followed this lead.