|Institute of Management Accountants (IMA)|
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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
Also called surplus management, the task of managing funds of a financial
A management style that de-emphasizes the significance of economic
Very short maturity bills that the Treasury occasionally sells because its cash
A party to an explicit or implicit contract.
The application of financial principals within a corporation to create and
A method of cash budgeting based on detailed estimates of cash receipts and cash
Percentage of shares held by persons closely related to a company, as
Leveraged buyout whereby the acquiring group is led by the firm's management.
An investment advisory fee charged by the financial advisor to a fund based on the fund's
Related: Investment management.
The contract that balances the three types of agency costs (contracting, monitoring, and
An efficient portfolio most preferred by an investor because its risk/reward characteristics
Provision of a bond indenture that governs the issuer's ability to call the
Buying a well-diversified portfolio to represent a broad-based market
Related: Investment management
The first buyer of a newly issued security buys that security in the primary market. All
A firm selling some of its own newly issued shares to investors.
The process of identifying and evaluating risks and selecting and managing techniques to
Related: asset management
Top-down equity management style
A management style that begins with an assessment of the overall
Working capital management
The management of current assets and current liabilities to maximize shortterm liquidity.
The 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.
Strategic management accounting
The 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).
A variety of approaches that emphasize increasing shareholder value as the primary goal of every business.
This is difficult to define in a few words—indeed, an
Market where debt and equity securities are sold by an issuing
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 allocation
a method of allocating joint cost to joint products using a
Certified Management Accountant (CMA)
a professional designation in the area of management accounting that
cost management system (CMS)
a set of formal methods
a discipline that includes almost
Management Accounting Guidelines (MAGs)
pronouncements of the Society of management accountants of
management control system (MCS)
an information system that helps managers gather information about actual organizational occurrences, make comparisons against plans,
management information system (MIS)
a structure of interrelated elements that collects, organizes, and communicates
the preference of a manager in how he/she interacts with other stakeholders in the organization;
a philosophy about increasing a firm’s performance by involving all workers and by ensuring
optimal mix of capital
the combination of capital sources at which the lowest weighted average cost of capital is achieved
the solution to a linear programming problem
performance management system
a system reflecting the entire package of decisions regarding performance measurement and evaluation
Society of Management Accountants of Canada
the professional body representing an influential and diverse
standard error of the estimate
a 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 resource management
organizational 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
the cooperative strategic planning,
the use of all techniques that help an organization achieve its goals
total quality management (TQM)
a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds
management buyout (MBO)
Acquisition of the firm by its own management in a leveraged buyout.
Market for the sale of new securities by corporations.
Demand Management Policy
Fiscal or monetary policy designed to influence aggregate demand for goods and services.
Abusive Earnings Management
The use of various forms of gimmickry to distort a company's true financial performance in order to achieve a desired result.
Abusive Earnings Management
A characterization used by the Securities and Exchange
Change in Accounting Estimate
A change in accounting that occurs as the result of new information
Change in Accounting Estimate
A change in the implementation of an existing accounting
Cost Plus Estimated Earnings in Excess of Billings
Revenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts
The active manipulation of earnings toward a predetermined target.
Operational Earnings Management
management actions taken in the effort to create stable
Real Actions (Earnings) Management
Involves operational steps and not simply acceleration
A storage location labeled as the primary location for a specific
management 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 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.
The fee paid to the fund’s manager for supervising the administration of the fund.
Person or party making request for payment of benefits under the terms of an insurance policy.
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