IMA’s Statement on Management Accounting

The Institute of Management Accountants (IMA) Statement on Management Accounting outlines the principles and standards for effective management accounting practices. It emphasizes the importance of providing relevant and timely financial information to help organizations make informed decisions. The statement encourages ethical behavior, transparency, and accountability in reporting, while also highlighting the role of management accountants in strategic planning, performance management, and risk assessment. Overall, it serves as a framework to ensure that management accounting contributes effectively to an organization's success and integrity.