What is IMA ethical standards?
By Haresh Ratnagrahi, Founder, HiPrep (CPA, FCA, CMA (US), CISA, CRISC)
Definition
The IMA Statement of Ethical Professional Practice sets the ethics standard for management accountants, built on competence, confidentiality, integrity and credibility.
Where IMA ethical standards matters
CMA (US): The credential for management accounting and finance leadership. 2 Exam parts; 4 hrs Per part: 100 MCQs + 2 essays; 360 Passing score (0–500 scale); 3 yrs To complete both parts from your first. Parts: Part 1 Financial Planning, Performance and Analytics; Part 2 Strategic Financial Management.
Related terms explained
IMA: The Institute of Management Accountants: the US body that grants the CMA and runs its entrance requirements and fees.
CMA Part 2: Strategic Financial Management: financial statement analysis, corporate finance, decision analysis, risk, investment decisions and ethics.
How HiPrep teaches it
In HiPrep, IMA ethical standards is taught concept-first and then practised in a Prometric-style simulator. Every answer is built step by step so you see how a result is reached, explanations are available in English, Hindi, Tamil, Telugu and Kannada, and a mentor is behind the platform for doubts. Start with the free diagnostic to see where IMA ethical standards sits in your plan.