IMA and ACCA Request for Proposals from Accounting Practitioners and Academics

The Association of Charted Certified Accountants and the Institute of Management Accountants together have requested financial accounting practitioners and academics to submit accounting research related proposals. Both the bodies made an announcement at the annual meeting of the American Accounting Association, which was recently held in Washington, D.C.

IMA and ACCA clarified that the research related proposals should communicate the scope and purpose of the research project clearly. It should also specify how it is related to primary management accounting related activities like planning, control and decision support.

Raef Lawson, IMA vice president stated that after IMA became strategic partners with ACCA, they were hoping to give awards to various research related projects in order to encourage leadership thinking and best management practices in the profession of accounting.

The ACCA and IMA are searching for research related proposals in areas such as managing enterprise risk, tech enablement as well as management of business performance. However, both the bodies are also open to proposals that address other types of management financial accounting subjects.

Ewan Williars, ACCA’s director of policy stated that the decision for research proposals is in line with both Institute of Management Accountants and Association of Charted Certified Accountants goals regarding leading and shaping accounting profession’s agenda. Both the bodies are hoping to receive a number of proposals. Those who wish to contribute their proposals will have to submit them before the deadline i.e. 31^st January 2013. A sum of around $100,000 shall be given in the form of a grant to the recipients. For more details and guidelines related to submission, interested academics and practitioners can visit www.imanet.org/researchfoundation.

The Institute of Management Accountants basically provides funds to carry out research on financial and accounting management related subject, which can further be applied to emerging and current business related issues. IMA uses research to offer strategically important information to decision makers of various companies and organizations.

On the other hand, the Association of Chartered Certified Accountants has been set up with aim to offer information that is relevant for people who wish to make their careers in the field of management, finance and accountancy.