Latest news with #CompetencyFramework
Yahoo
15 hours ago
- Business
- Yahoo
IMA expands Competency Framework for accountants
The Institute of Management Accountants (IMA) has announced the expansion of its Competency Framework at the annual IMA Accounting and Finance Conference. The enhanced blueprint is designed to define the professional needs of management accountants and financial professionals, developing solutions that include education, certification, skills development, research, and insights. This initiative ensures that practitioners remain 'strategic business partners'. The new framework incorporates skills that are increasingly necessary in the modern business landscape, addressing broader, cross-functional competencies. These skills are crucial for finance and accounting professionals and enable IMA to connect with individuals in related fields such as data analysis, business operations, information technology, and project management. These professionals often collaborate with finance teams and face similar objectives and hurdles. IMA president and CEO Michael DePrisco said: 'The IMA Competency Framework is a fresh, future-ready blueprint designed to guide your growth and development. It's built to reflect where accounting and finance are going, not just where they've been, and the skills and competencies required for success. It's about giving professionals the confidence and clarity to own their next move and the knowledge and tools to prove it.' IMA's updated blueprint underscores the significant role and the evolving abilities required in the accounting profession. The offerings from IMA now mirror the fundamental capabilities necessary to excel in current job roles and future career opportunities. The framework is particularly beneficial for businesses and enterprises, where IMA's programmes are grounded in a competency model that is relevant across various finance and accounting positions, ensuring that learning is aligned, scalable, and directly connected to business outcomes. The comprehensive framework outlines each domain and the associated competencies, providing actionable advice for professionals, employers, organisations of different sizes and industries, educators, and regulators. Earlier in April 2025, the IMA reaffirmed its commitment to the global accounting community by renewing its associate membership with the ASEAN Federation of Accountants (AFA). "IMA expands Competency Framework for accountants" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
2 days ago
- Business
- Associated Press
IMA Expands Competency Framework for Accounting and Financial Professionals
Ensures practitioners remain trusted strategic business partners who safeguard and create value MONTVALE, NJ / ACCESS Newswire / June 22, 2025 / IMA® (Institute of Management Accountants), today announced at the annual IMA Accounting and Finance Conference the expansion of its industry-leading Competency Framework. This blueprint defines professional needs, develops relevant solutions, and delivers the education, certification, skills development, research, and insights that empower management accountants and financial professionals in business to succeed. The expanded framework inclusively builds on the current domains and responds to evolving realities, ensuring practitioners remain trusted strategic business partners who safeguard and create value. The new framework expands to include skills that have become essential in today's business environment. These broader, cross-functional skills are critical for finance and accounting professionals to succeed as the profession evolves. These skills also help IMA connect with professionals in related fields, such as data analysis, business operations, information technology, and project management, who work closely with finance teams and share similar goals and challenges. 'The IMA Competency Framework is a fresh, future-ready blueprint designed to guide your growth and development. It's built to reflect where accounting and finance are going, not just where they've been, and the skills and competencies required for success. It's about giving professionals the confidence and clarity to own their next move and the knowledge and tools to prove it,' said Michael DePrisco, President & CEO, IMA. Harnessing the organization's legacy of innovation, this new blueprint reinforces the critical role and the evolving skills of the profession and builds its offerings around those insights. From technical fluency to strategic leadership, IMA's offerings reflect the core capabilities needed to succeed in today's roles-and tomorrow's careers. This framework is ideally suited for businesses and enterprises, where IMA programs are built on a dynamic model of competencies required across finance and accounting roles, making learning aligned, scalable, and tied directly to business impact. The expanded framework details each domain and embedded competencies. It offers practical guidance for professionals, employers, organizations of varying sizes, industries, educators, and regulators. More details will be provided at this year's IMA Conference during the panel discussion: 'Bridging Knowledge & Practice: The IMA Management Accounting Competency Framework as a Guide for the Future,' on Wednesday, June 25, 2025, and the Accounting Association Annual Meeting in Chicago, August 2-6, 2025. About IMA® (Institute of Management Accountants) IMA® is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant), CSCA® (Certified in Strategy and Competitive Analysis), and FMAA™ (Financial and Managerial Accounting Associate) certification programs, continuing education, networking, and advocacy of the highest ethical business practices. Twice named Professional Body of the Year by The Accountant/International Accounting Bulletin, IMA has a global network of about 140,000 members in 150 countries and 200+ professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its six global regions: The Americas, China, Europe, Middle East/North Africa, India, and Asia Pacific. For more information about IMA, please visit CONTACT: IMA News Bureau [email protected] SOURCE: IMA® (Institute of Management Accountants) press release
