Foreword
100 years ago, our body was founded by a group of forward-looking business people. Their intention was to transform the accountancy profession that would support them in managing and leading their organisations.The initial work on the Institute was around cost management. Over the century we have continued to lead on this and have continued to evolve this into the concept of value creation. The journey has taken us through cycles of automation, the evolution of risk management, tools such as balanced scorecards and frameworks such as activity-based costing. Management accounting today is recognised as the essential part of decision support and management accountants work alongside business leaders and managers as trusted and objective partners.We have not only added value to business. We have provided opportunitiesfor people across the world to have rewarding and satisfying careers. Our members have made a difference not just to the businesses they work forbut also the communities they live in. Today, CIMA continues to lead in the accounting profession. As a founding body of the Association of International Certified Professional Accountants,we are driving a global management accounting profession, creating value for
businesses and the proud individuals who make up our profession.
Andrew Harding
Chief Executive – Management Accounting