2. Institute of Management Accountants Support for XBRL Neal J. Hannon, CMA IMA Board of Directors University of Hartford

3. Agenda Who is the IMA? Support for Accountants Worldwide Initiatives for Re-balancing the Profession Support for Technology and XBRL

4. Who is the IMA? Founded in 1919 Mission: To provide a dynamic forum for management finance and accounting professionals to develop and advance their careers through certification, research and practice development, education, networking, and the advocacy of the highest ethical and professional practices. Vision: The world’s leading association for management accounting and finance professionals. Approximately 65,000 Members –83% U.S. –17% International

5. Agenda Who is the IMA? Support for Accountants Worldwide Initiatives for Re-balancing the Profession Support for Technology and XBRL

6. Environment Regulators/ Analysts/ Investors External Reporting Financial / Taxes Value Creating Operations Decision support, Planning and Control Suppliers Customers There are many critical roles in the world of Accountancy, but …. inputoutput External Accounting Auditors Assurance Services Tax Accountants < 15% Internal Accounting Everyone else > 85% The Externally-focused role is not the only game in town!

7. The Business Information Supply Chain External Financia l Reportin g Business Operations Internal Financi al Reporti ng Investme nt, Lending, Regulatio n Processes Participants Auditors Trading Partners Investors Financial Publishers and Data Aggregators Regulators Software Vendors Management Accountants Companies Economic Policymak ing XBRL XBRL-FRXBRL-GL XBRL Central Banks

8. The Business Information Supply Chain External Financia l Reportin g Business Operations Internal Financi al Reporti ng Investme nt, Lending, Regulatio n Processes Participants Auditors Trading Partners Investors Financial Publishers and Data Aggregators Regulators Software Vendors Management Accountants Companies: Management Accountants Economic Policymak ing XBRL XBRL-FRXBRL-GL Central Banks

9. International Demographics Germany Employment in Financial, renting and business activities - 6,500,000 Accounting/Controlling university graduates per year – 19,000

10. Agenda Who is the IMA? Support for Accountants Worldwide Initiatives for Re-balancing the Profession Support for Technology and XBRL

11. International Demographics India Indian Cost and Works Accountant membership – 25,000 Chartered Accountants of India Membership – 124,000 Accounting university graduates per year – 55,000 University graduates per year – 2,500,000

12. International Demographics China – 2003 statistics Total employment – 744 million Employment at state owned enterprises – 69 million Employment at urban private enterprises – 43 million University students – 19 million Number of people who are attending non-degree adult education courses – 58 million Employees receiving job related training while employed – 34 million

13. International Demographics China – 2003 statistics University professional graduates – 9,600,000 Professional support staff employed – 97,000,000 MBA’s per year – 47,000 Young finance and accounting professionals – 200,000 CPA’s in public practice – 60,000 CICPA Membership – 130,000 Government estimate of required accountants – 300,000 CPA exams written per year – 500,000

14. Agenda Who is the IMA? Support for Accountants Worldwide Initiatives for Re-balancing the Profession Support for Technology and XBRL

15. IMA’s Role in New Accountancy Landscape IMA is “rebalancing” the accountancy profession Developing significant group professionals inside organizations who are properly qualified to drive ethical and responsible corporate governance, and decision support, planning, and control over value- creating operations –CMA and CFM Certification Programs –Professional Development –Research –Students/Academics

16. Ongoing Research Projects Research Driven Partnerships CFO Panel to drive innovation - Horvath Partnership Enterprise Risk Management - Paisley Resource Consumption Accounting – RCAInfo.com XBRL Consortium Applied Research GPK in America Research - Krumwiede GPK & ABC Comparative - Friedl Beyond Budgeting – Libby and Lindsay China Haier case study – Lin. China vs Global costing methods – Horvath IPRI, Biddle & China MoC

17. Agenda Who is the IMA? Support for Accountants Worldwide Initiatives for Re-balancing the Profession Support for Technology and XBRL

18. XBRL Support Strategic Finance Magazine –Over 60 articles and columns on XBRL since 2000. XBRL Webinars –FDIC November 2005 –XBRL-GL July 2006 Future XBRL Training Session Support IMA Conferences with XBRL Featured Speakers –Wayne Harding, Sam Mok in Las Vegas June 2006 –Kurt Ramin, Liv Watson, Eric Cohen in Dubai May 2006 Sponsor for Global XBRL Student Competition

20. Contact Neal J. Hannon, CMA hannon@hartford.edu