History
CIMA was founded in 1919 as "The Institute of Cost and Works Accountants" (ICWA). It specialised in the development of accounting techniques for use in the internal control of manufacturing, service and public sector operations. It developed a position as the leading professional body in the areas of product costing, budgeting, management accounting, investment appraisal and business decision making.
In October 1944 the Institute of Cost and Works Accountants organisation in Ireland was formed.
The institute changed its name from ICWA to the Institute of Cost and Management Accountants (ICMA) in 1972 and subsequently to the Chartered Institute of Management Accountants (CIMA) in 1986, after the granting of a Royal Charter. A global Accounting qualification based in the UK, which is particularly active in Commonwealth countries. Its membership has grown from 15,000 in 1970 to 79,757 members and 92,909 students in 2009. It has played a role in founding fraternal professional bodies such as the Institute of Cost and Management Accountants of Pakistan,The Institute of Cost and Management Accountants of BangladeshInstitute of Cost and Works Accountants of India and the Institute of Management Accountants (USA).
Read more about this topic: Chartered Institute Of Management Accountants
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