Institute%20of%20Management%20Accountants%20Support%20for%20XBRL

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Institute of Management AccountantsSupport for
XBRL

• Neal J. Hannon, CMA
• IMA Board of Directors
• University of Hartford

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Agenda

• Who is the IMA?
• Support for Accountants Worldwide
• Initiatives for Re-balancing the Profession
• Support for Technology and XBRL

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Who is the IMA?

• Founded in 1919
• Mission To provide a dynamic forum for
  management finance and accounting professionals
  to develop and advance their careers through
  certification, research and practice development,
  education, networking, and the advocacy of the
  highest ethical and professional practices.
• Vision The worlds leading association for
  management accounting and finance professionals.
• Approximately 65,000 Members
• 83 U.S.
• 17 International

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Agenda

• Who is the IMA?
• Support for Accountants Worldwide
• Initiatives for Re-balancing the Profession
• Support for Technology and XBRL

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There are many critical roles in the world of
Accountancy, but .
The Externally-focused role is not the only game
in town!

• External Accounting
• Auditors
• Assurance Services
• Tax Accountants

Environment Regulators/ Analysts/ Investors
External Reporting Financial / Taxes
lt 15
Value Creating Operations Decision
support, Planning and Control

• Internal Accounting
• Everyone else

Suppliers
Customers
input
output
gt 85
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The Business Information Supply Chain
External Financial Reporting
Business Operations
Internal Financial Reporting
Investment, Lending, Regulation
Economic Policymaking
Processes
XBRL
XBRL-FR
XBRL-GL
XBRL
Investors
Financial Publishers and Data Aggregators
Companies
Central Banks
Participants
Auditors
Trading Partners
Regulators
Management Accountants
Software Vendors
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The Business Information Supply Chain
External Financial Reporting
Business Operations
Internal Financial Reporting
Investment, Lending, Regulation
Economic Policymaking
Processes
XBRL
XBRL-FR
XBRL-GL
Investors
Financial Publishers and Data Aggregators
Companies Management Accountants
Central Banks
Management Accountants
Participants
Auditors
Trading Partners
Regulators
Software Vendors
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International Demographics

• Germany
• Employment in Financial, renting and business
  activities - 6,500,000
• Accounting/Controlling university graduates per
  year 19,000

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Agenda

• Who is the IMA?
• Support for Accountants Worldwide
• Initiatives for Re-balancing the Profession
• Support for Technology and XBRL

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International Demographics
India Indian Cost and Works Accountant
membership 25,000 Chartered Accountants of
India Membership 124,000 Accounting university
graduates per year 55,000 University graduates
per year 2,500,000
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International Demographics

• China 2003 statistics
• Total employment 744 million
• Employment at state owned enterprises 69
  million
• Employment at urban private enterprises 43
  million
• University students 19 million
• Number of people who are attending non-degree
  adult education courses 58 million
• Employees receiving job related training while
  employed 34 million

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International Demographics

• China 2003 statistics
• University professional graduates 9,600,000
• Professional support staff employed 97,000,000
• MBAs per year 47,000
• Young finance and accounting professionals
  200,000
• CPAs in public practice 60,000
• CICPA Membership 130,000
• Government estimate of required accountants
  300,000
• CPA exams written per year 500,000

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Agenda

• Who is the IMA?
• Support for Accountants Worldwide
• Initiatives for Re-balancing the Profession
• Support for Technology and XBRL

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IMAs Role in New Accountancy Landscape

• IMA is rebalancing the accountancy profession
• Developing significant group professionals inside
  organizations who are properly qualified to drive
  ethical and responsible corporate governance, and
  decision support, planning, and control over
  value-creating operations
• CMA and CFM Certification Programs
• Professional Development
• Research
• Students/Academics

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Ongoing Research Projects

• Research Driven Partnerships
• CFO Panel to drive innovation - Horvath
  Partnership
• Enterprise Risk Management - Paisley
• Resource Consumption Accounting RCAInfo.com
• XBRL Consortium
• Applied Research
• GPK in America Research - Krumwiede
• GPK ABC Comparative - Friedl
• Beyond Budgeting Libby and Lindsay
• China Haier case study Lin.
• China vs Global costing methods Horvath IPRI,
  Biddle China MoC

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Agenda

• Who is the IMA?
• Support for Accountants Worldwide
• Initiatives for Re-balancing the Profession
• Support for Technology and XBRL

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XBRL Support

• Strategic Finance Magazine
• Over 60 articles and columns on XBRL since 2000.
• XBRL Webinars
• FDIC November 2005
• XBRL-GL July 2006
• Future XBRL Training Session Support
• IMA Conferences with XBRL Featured Speakers
• Wayne Harding, Sam Mok in Las Vegas June 2006
• Kurt Ramin, Liv Watson, Eric Cohen in Dubai May
  2006
• Sponsor for Global XBRL Student Competition

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• Contact Neal J. Hannon, CMA
• hannon_at_hartford.edu