The IMA's Program to Recognize Professional Competence in the Field

question 112

Short Answer

The IMA's program to recognize professional competence in the field of management accounting yields a designation as a _________ Accountant.

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Definitions:

State Statute

A written law enacted by a state legislature governing matters within the state's jurisdiction.

Lien

A legal claim or right against a property as security for a debt or charge that must be paid when the property is sold.

Surety

A surety is a person or entity that takes responsibility for another's performance of an obligation, such as the repayment of a loan, ensuring its fulfillment or providing compensation for failure.

Obligation

A legal or moral duty to perform or refrain from performing a specific act.