The Institute of Management Accountants (IMA), formerly known as the National Association of Cost Accountants (NACA), is a professional organization of accountants. History IMA was founded in 1919 in Buffalo, New York as the National Association of Cost Accountants, later changing its name to IMA in 1957. It has its headquarters in Montvale, New Jersey, United States, and regional offices in Americas, Asia/Pacific, Europe, and Middle East/India. In 1969, it formed the management accounting practices committee that was entrusted with task of promoting management accounting as a core area of study in line with IMA views. It had 12 members from several accounting bodies like FASB and other prominent accounting regulatory groups. The representatives of the MAP were recognized for their expertise in accounting. The committee later merged with Foundation for applied research forming the MAC/FAR committee Timeline 1919: Founding of the National Association of Cost Accountants (NACA) in Buffalo, N.Y., forerunner of the IMA 1920: First chapter of NACA formed in Chicago / First NACA Annual Conference held in Atlantic City 1925: NACA Bulletin introduced 1935: Library established at NACA national office 1943: First international chapter chartered 1945: Research committee established 1949: NACA Bulletin became monthly publication 1957: NACA became 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 became the Institute of Management Accountants (IMA) 1992: IMA became 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 Foundation for Applied Research (FAR) formed for the advancement of management accounting 1996: IMA established the Certified Financial Manager (CFM®) program 1999: IMA relaunched and renamed its flagship magazine, Strategic Finance, which also became available online / Management Accounting Quarterly debuted Fall 1999 2000: First IMA Student Conference held in Colorado Springs 2006: First IMA Global Conference held in Dubai, UAE 2009: LinkUp IMA, exclusive online professional community, launched 2013: IMA became a member of IFAC 2015: IMA announced partnership with Wiley and Miles Education to offer CMA courses in India