2018: IMA hits 100,000th member mark 2019: IMA released a book title 100 years and counting - a history of institute of management accountants 2020: IMA released two reports on revenue management and profitability analytics during COVID-19 Accounting certification Additionally IMA provides certification, the Certified Management Accountant (CMA), for internal financial management responsibilities, including planning, budgeting, business reporting, decision analysis and risk management. The Institute of Certified Management Accountants (ICMA) is the certification division of IMA which awards the Certified Management Accountant (CMA) and Certified in Strategy and Competitive Analysis (CSCA) designations. CMA curriculum includes subjects like strategic management, reporting and control, technology and analytics, leadership, business acumen and operations, and professional values and ethics. Certified management accountant (CMA) The CMA exam has two parts. Part 1 covers Financial Reporting, Planning, Performance, and Control. It includes: External Financial Reporting Decisions, Planning, budgeting, forecasting, performance management, cost management and internal controls. Part 2 covers Financial Decision Making and includes financial statement analysis, corporate finance, decision analysis, risk management, investment decisions & Professional Ethics. From 2020, part 1 will include Technology and analytics component into its syllabus. This is to ensure CMA students are well versed with latest technological advancement which affects their future or current jobs. The worldwide pass rate for the exam is 35% for Part I and 49% for Part II in 2014. Requirements To be certified as a CMA, candidates must fulfill both an education requirement and an experience requirement in addition to passing the exam. Bachelor's degree from an accredited college or university Foundational knowledge of economics, basic statistics, and financial accounting Two continuous years of professional experience employing the principles of management accounting and financial management including a specified list of fields. For certified CMAs, CPE credits are required to maintain active status. The CMA is a well-recognized certification among employers. CMA has better Career in Management Accounting than institute of Cost Accountants in SAARC nations. In its latest salary survey, IMA finds the median income for CMAs is about 28% higher in the U.S. than for their peers without the designation. Globally the survey finds CMAs earn 62% more in median salary and 67% more in median total compensation than non-CMAs. CMAs are well-represented within Fortune 500 companies as the certification is especially relevant to larger companies. CMAs hold titles such as Controller and CFO across industries. Journal IMA publishes the quarterly academic journal Management