Montvale, N.J. (Aug. 26, 2004) -- The Institute of Management Accountants has launched the IMA Funded Research initiative, a program that will invite professional academics and industry practitioners to submit proposals for research projects that will benefit the field of managerial finance and accounting.

To be eligible for IMA funding, the principal researcher must be a full-time faculty member at an accredited college or university, or a qualified industry practitioner with appropriate credentials and certification.

The IMA said that the business, industry and market research conducted will focus on the development of innovative approaches and the best methods for planning, control, support and decision-making.

The IMA's Management Accounting Committee and Foundation for Applied Research are interested in topics that will enable management accountants to be more effective in their roles, including alternative cost accounting and management systems, capacity management, capital budgeting and investment decision-making, customer valuation, enterprise risk management, monitoring and control, strategic plan forecasting, and value-based management.

IMA has currently approved three research projects:

  • "German Cost Accounting Methods: When Do They Make Sense?" at Boise State University;
  • "Implementation of ABC and GPK in German-Speaking Countries: A Comparative Analysis" at the Universities of Mainz and Munich, Germany; and,
  • "A Field Study of China Haier Group's Innovative Methods for Planning, Control, Product Costing, Performance Measurement and Incentive Compensation" at the University of Southern California.

-- WebCPA staff

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