The CMA is 20 years old
Article Abstract:
The Certified Management Accountant (CMA) program traces its roots from the efforts of the Long Range Committee of the Institute of Management Accountants (then called the National Association of Accountants) in 1967. The program was established in January 1972 and designed to cover managerial accounting, particularly the economic, management and behavioral aspects of management accounting, to emphasize the value of business ethics to actual accounting practice, to check on the facility of accountants with regard to current events, and to test skills in comprehension and analysis. A thorough review of the CMA program in 1989 resulted in the restructuring of the exam from five to four sections, although in essence the contents of the exam remain the same. The CMA was also given greater promotion to all accountants in 1989, whether NAA members or not, and review materials made available.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1992
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Protect your company's earnings forecasts from litigation
Article Abstract:
Many companies avoid issuing earnings forecasts since the failure to achieve announced targets sometimes leads to expensive litigation suits related to inaccurate management forecasts. This, however, places many companies in a quandary since the inability to release financial forecasts also hobbles a company's ability to keep the markets informed about its financial position. Fortunately, such companies have a fairly safe way to resolve this conflict. This would be for them to publish forecasts only after they have instituted well-defined disclosure policies that can be used to provide legal support for any financial forecasts made. Another effective measure that could be used to limit legal liability would be to issue timely forecast revisions.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1995
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