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The IMA Has a Program to Recognize Professional Competence and Educational

question 141

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The IMA has a program to recognize professional competence and educational attainment in the field of management accounting. The program leads to designation as a


Definitions:

Cash Flow

The combined value of financial transactions into and out of an enterprise, crucially affecting its cash reserves.

Present Value

is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Discount Rate

The rate of interest utilized to calculate the current value of future cash flows in a discounted cash flow assessment.

Incremental Net Income

The additional net income that results from a specific business decision compared to an alternative.

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