|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
The use of various forms of gimmickry to distort a company's true financial performance in order to achieve a desired result.
A characterization used by the Securities and Exchange
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
a method of allocating joint cost to joint products using a
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 professional designation in the area of management accounting that
A change in accounting that occurs as the result of new information
A change in the implementation of an existing accounting
A party to an explicit or implicit contract.
Person or party making request for payment of benefits under the terms of an insurance policy.
The application of financial principals within a corporation to create and
a set of formal methods
Revenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts
Demand Management Policy
Fiscal or monetary policy designed to influence aggregate demand for goods and services.
Direct estimate method
A method of cash budgeting based on detailed estimates of cash receipts and cash
The active manipulation of earnings toward a predetermined target.
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).
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.
a 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 shares
Percentage of shares held by persons closely related to a company, as
This 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.
An investment advisory fee charged by the financial advisor to a fund based on the fund's
The 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
the preference of a manager in how he/she interacts with other stakeholders in the organization;
Related: Investment management.
a philosophy about increasing a firm’s performance by involving all workers and by ensuring
Operational Earnings Management
management actions taken in the effort to create stable
The contract that balances the three types of agency costs (contracting, monitoring, and
optimal mix of capital
the combination of capital sources at which the lowest weighted average cost of capital is achieved
An efficient portfolio most preferred by an investor because its risk/reward characteristics
Optimal redemption provision
Provision of a bond indenture that governs the issuer's ability to call the
the solution to a linear programming problem
Passive investment management
Buying a well-diversified portfolio to represent a broad-based market
performance management system
a system reflecting the entire package of decisions regarding performance measurement and evaluation
Related: Investment management
A storage location labeled as the primary location for a specific
The first buyer of a newly issued security buys that security in the primary market. All
Market where debt and equity securities are sold by an issuing
Market for the sale of new securities by corporations.
A firm selling some of its own newly issued shares to investors.
Real Actions (Earnings) Management
Involves operational steps and not simply acceleration
The process of identifying and evaluating risks and selecting and managing techniques to
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 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).
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,
Related: asset management
the use of all techniques that help an organization achieve its goals
Top-down equity management style
A 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
A variety of approaches that emphasize increasing shareholder value as the primary goal of every business.
Working capital management
The management of current assets and current liabilities to maximize shortterm liquidity.
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