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Financial Terms | |
Institute of Management Accountants (IMA) |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
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Definition of Institute of Management Accountants (IMA)Institute of Management Accountants (IMA)an organization composed of individuals interested in the field of management accounting; it coordinates the Certified management
Related Terms:Abusive Earnings ManagementThe use of various forms of gimmickry to distort a company's true financial performance in order to achieve a desired result. Abusive Earnings ManagementA characterization used by the Securities and Exchange activity-based management (ABM)a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received approximated net realizable value at split-off allocationa method of allocating joint cost to joint products using a Asset/liability managementAlso called surplus management, the task of managing funds of a financial Bottom-up equity management styleA management style that de-emphasizes the significance of economic Cash management billVery short maturity bills that the Treasury occasionally sells because its cash ![]() Certified Management Accountant (CMA)a professional designation in the area of management accounting that Change in Accounting EstimateA change in accounting that occurs as the result of new information Change in Accounting EstimateA change in the implementation of an existing accounting ClaimantA party to an explicit or implicit contract. ClaimantPerson or party making request for payment of benefits under the terms of an insurance policy. Corporate financial managementThe application of financial principals within a corporation to create and cost management system (CMS)a set of formal methods Cost Plus Estimated Earnings in Excess of BillingsRevenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts Demand Management PolicyFiscal or monetary policy designed to influence aggregate demand for goods and services. ![]() Direct estimate methodA method of cash budgeting based on detailed estimates of cash receipts and cash Earnings ManagementThe active manipulation of earnings toward a predetermined target. Managementmanagement refers to the individuals in an entity that have the authority and the responsibility to manage the entity. The positions of these individuals, and their titles, vary from one entity to another and, to some extent, from one country to another depending on the local laws and customs. Thus, when the context requires it, the term includes the board of directors or committees of the board which are designated to oversee certain matters (e.g., audit committee). Management accountingThe production of financial and non-financial information used in planning for the future; making decisions about products, services, prices and what costs to incur; and ensuring that plans are implemented and achieved. management accountinga discipline that includes almost Management Accounting Guidelines (MAGs)pronouncements of the Society of management accountants of Management buyout (MBO)Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout (MBO)Acquisition of the firm by its own management in a leveraged buyout. Management/closely held sharesPercentage of shares held by persons closely related to a company, as management controlThis is difficult to define in a few words—indeed, an management control system (MCS)an information system that helps managers gather information about actual organizational occurrences, make comparisons against plans, ![]() management expense ratio (MER)The total expenses expressed as an annualized percentage of daily average net assets. MER does not include brokerage fees and commissions, which are also payable by the Fund. Management feeAn investment advisory fee charged by the financial advisor to a fund based on the fund's management feeThe fee paid to the fund’s manager for supervising the administration of the fund. management information system (MIS)a structure of interrelated elements that collects, organizes, and communicates management stylethe preference of a manager in how he/she interacts with other stakeholders in the organization; Money managementRelated: Investment management. open-book managementa philosophy about increasing a firm’s performance by involving all workers and by ensuring Operational Earnings Managementmanagement actions taken in the effort to create stable Optimal contractThe contract that balances the three types of agency costs (contracting, monitoring, and optimal mix of capitalthe combination of capital sources at which the lowest weighted average cost of capital is achieved Optimal portfolioAn efficient portfolio most preferred by an investor because its risk/reward characteristics Optimal redemption provisionProvision of a bond indenture that governs the issuer's ability to call the optimal solutionthe solution to a linear programming problem Passive investment managementBuying a well-diversified portfolio to represent a broad-based market performance management systema system reflecting the entire package of decisions regarding performance measurement and evaluation Portfolio managementRelated: Investment management Primary locationA storage location labeled as the primary location for a specific Primary marketThe first buyer of a newly issued security buys that security in the primary market. All Primary MarketMarket where debt and equity securities are sold by an issuing primary marketMarket for the sale of new securities by corporations. Primary offeringA firm selling some of its own newly issued shares to investors. Real Actions (Earnings) ManagementInvolves operational steps and not simply acceleration Risk managementThe process of identifying and evaluating risks and selecting and managing techniques to Society of Management Accountants of Canadathe professional body representing an influential and diverse standard error of the estimatea measure of dispersion that reflects the average difference between actual observations and expected results provided by a regression line Statement on Management Accounting (SMA)a pronouncement developed and issued by the management Strategic management accountingThe provision and analysis of management accounting data about a business and its competitors, which is of use in the development and monitoring of strategy (Simmonds). strategic resource managementorganizational planning for the deployment of resources to create value for customers and shareholders; key varibles in the process include the management of information and the management of change in response to threats and opportunities supply-chain managementthe cooperative strategic planning, Surplus managementRelated: asset management synchronous managementthe use of all techniques that help an organization achieve its goals Top-down equity management styleA management style that begins with an assessment of the overall total quality management (TQM)a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds Value-based managementA variety of approaches that emphasize increasing shareholder value as the primary goal of every business. Working capital managementThe management of current assets and current liabilities to maximize shortterm liquidity. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |