IMA Releases Enhanced Management Accounting Competency Framework for Professionals in the Digital Age

/ -- IMA (Institute of Management Accountants) has released its enhanced Management Accounting Competency Framework. The updated Framework reflects the skills management accountants will need to remain relevant and be future-ready.

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"At IMA, we are excited to lead the industry in identifying and publishing critical competencies for the finance and accounting profession," said Jeff Thomson, CMA, CSCA, CAE, President and CEO at IMA. "We analyzed existing and emerging competencies needed by management accountants today in order to update the Competency Framework. This work was fully vetted and validated by industry professionals to ensure accuracy and relevancy."
The Framework identifies six domains of core knowledge, skills, and abilities that finance and accounting professionals' need to remain relevant in the Digital Age and perform their current and future roles effectively, many of which are included in the CMA (Certified Management Accountant) credential curriculum. Some domains were renamed to reflect their broader reach of competencies: