IMA expresses concern regarding the CPA Evolution curriculum



MONTVALE, New Jersey, June 9, 2021 / PRNewswire / – In light of the AICPA and NASBA’s proposed changes to study programs for accounting majors pursuing a CPA track (the CPA Evolution model), the IMA® (Institute of Management Accountants) commented on the proposal in a new IMA briefing.

Written by Raef lawson, Ph.D., CMA, CSCA, IMA Vice President of Research and Policy and Professor in Residence; and Roopa Venkatesh, Ph.D., CMA, Chairman of the IMA Academic Relations Committee, the briefing expresses IMA’s concerns regarding the negative impact of removing management accounting / program costs required for CPAs proposed in the CPA Evolution model will take on the ability of the accounting profession to protect the public and serve the public interest.

“The challenges that CPAs will face in answering important cost questions will only increase as technology transforms the business models and profession of CPA,” Lawson and Venkatesh wrote in the briefing. “The CPA’s ability to serve as a trusted business advisor must include an effective understanding of cost systems, behavior and causation, which cannot be learned more directly than in management accounting courses. “

The Briefing further expresses concerns about the potential removal of management accounting courses by institutions if they are no longer needed at a time of tight budgets and all that is ‘optional’ tends to be phased out. .

“In this time of uncertainty and declining enrollment, many university accounting departments are facing faculty retirements, hiring freezes and budget cuts. Lack of management accounting topics required for the CPA exam may dangerously serve as a reason for further eliminating management accounting offerings in introductory management courses, intermediate costs, and advanced management / cost courses, ”the authors continued.

The Briefing also states that students who do not learn management accounting will not be ready for long term success. The authors note that most students who enter public accounting end up leaving their firms to work in management accounting and corporate finance, so the skills learned in management accounting courses will benefit the careers of those in charge. students.

The IMA has called on AICPA and NASBA to publicly commit to the importance of management accounting programs and skills and is willing to join them in this effort.

The full IMA briefing is available at briefing-concerns -for-the-cpa-evolution-model? ssopc = 1.

About the IMA® (Institute of Management Accountants)
IMA® is one of the largest and most respected associations dedicated exclusively to the advancement of the profession of management accountant. Overall, the IMA supports the profession through research, the CMA® (Certified Management Accountant) and CSCA® (Certified in Strategy and Competitive Analysis), Continuing Education, Networking and Defense of the Most Ethical Business Practices. Twice named professional body of the year by The Accountant / International Accounting Bulletin, IMA has a global network of around 140,000 members in 150 countries and 350 professional and student sections. Based at Montvale, New Jersey, United States, IMA provides localized services in its four global regions: the Americas, Asia Pacific, Europe and Middle East/India. For more information on IMA, please visit

SOURCE IMA (Institute of Accountants in Management)

Related links


Leave A Reply

Your email address will not be published.