50. Diving Deep into Management Accounting | with Jeff Thomson

Future-Proof

If you ask most people — not all, but MOST people — outside of the profession what an accountant does, they’ll probably say “taxes,” or “auditing,” or some variation on the tasks of people who work in public accounting.

But they’re missing about half of the profession, of course. You’ve got educators, you’ve got accountants who work for nonprofits and governments, and you have those who work in business and industry, which is arguably the largest segment of the profession – and that’s why, today, we’re diving deep into the world of management accounting.

Joining us this week is Jeff Thomson, president and CEO of the Institute of Management Accountants, and they’re doing gangbusters over there at IMA. At a time when many associations are struggling to attract new members, the IMA has become one of the fastest-growing accounting associations in the world. Last year, it crossed the 100,000-member mark for the first time in its history.

The issues that impact management accountants and others on the business and industry side are different, in many ways, from those that impact public accounting, but there are many similarities as well. We discuss the similarities and differences, and more importantly, the challenges that management accountants are facing these days – as well as the pretty significant opportunities that those challenges provide at the same time.

To learn more, and for the complete show notes, visit blionline.org/blog.

Resources:

• imanet.org
• Twitter: https://twitter.com/ima_jeffthomson
• LinkedIn: https://www.linkedin.com/in/jeffthomsonima/
• Learn more at MACPA.org/future-learning

Future-Proof is produced by Podcast Masters