IMA expands competency framework for accountants

The Institute of Management Accountants is expanding its competency framework for accounting and financial professionals.

The IMA is explaining the details at its conference in Scottsdale, Arizona this week, as well as an American Accounting Association conference in August. The competency framework is expanding to include skills for today's business environment to connect accountants with professionals in related fields, such as data analysis, business operations, information technology and project management.

"The IMA Competency Framework is a fresh, future-ready blueprint designed to guide your growth and development," said IMA president and CEO Michael DePrisco in a statement. "It's built to reflect where accounting and finance are going, not just where they've been, and the skills and competencies required for success. It's about giving professionals the confidence and clarity to own their next move and the knowledge and tools to prove it."

IMA's Management Accounting Competency Framework outlines the skills required by the most common accounting and finance roles.