Magazine article Strategic Finance

An Investment in the Future

Magazine article Strategic Finance

An Investment in the Future

Article excerpt

Message from the Chair

[ILLUSTRATION OMITTED]

You might think that the future of the management accounting profession rests in the hands of bodies like the Securities & Exchange Commission (SEC), the Public Company Accounting Oversight Board (PCAOB), or even the Institute of Management Accountants (IMA[R]). I don't think so. I think it lies with the professors who instruct the next generation of accounting students at colleges and universities around the world.

How so? To begin with, professors can hold considerable sway over their students' career choices since they're typically among the people students look to for advice and direction. Think about your own career: I'm sure there's a teacher in your past who encouraged you to pursue a future in accounting or finance. If we want to spur on more students to consider management accounting as a desirable career option, supporting professors in their teaching of the subject is a smart investment.

IMA provides support to our academic members in a variety of ways. For example, we make available an impressive library of case studies, which professors can use to engage their students with real-world examples. Recently we've taken this commitment one step further by launching a new publication, the IMA Educational Case Journal, which debuts this month. This quarterly peer-reviewed journal will feature four to five "best practices" cases with teaching notes for classroom use.

Professors also enjoy access to our popular Inside Talk webinars, which feature industry experts and cover hot industry topics. These provide a great reference for educators in their classroom teaching, as do our Statements on Management Accounting (SMAs), which offer practice-based guidance on management accounting and financial management concepts and policies, and articles in Strategic Finance and Management Accounting Quarterly. …

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