[4] Under Duval's name, letters of invitation were sent to over 150 leading professionals and academics in the field of management accounting, to join the new institute as Foundation Members.
ICMA publishes 6 copies of the On Target eNewsletter[7] annually, and has a bi-annual research journal, Management Accounting Frontiers (MAF)[8].
In addition to passing the two subjects, one needed to have 5-years of business experience to qualify as a Certified Management Accountant (CMA).
ICMA decided to stop the print format of a magazine to members and launched an electronic Newsletter that could be downloaded in pdf form in February 2011.
The contents are also sent as an e-journal on a monthly basis to financial members; and a pdf version of On Target is emailed to them bi-monthly.
The primary aim of the MAF is to advance research and practice of management accounting by providing a forum for disseminating knowledge and insight of the discipline.
In addition, the journal aims to facilitate the developments of management accounting education by encouraging communication between researchers and practitioners.
In November 2012, the ICCAA got full admission as an observer organisation[20] of the United Nations Framework Convention on Climate Change (UNFCCC).This was a significant achievement in terms of global recognition.
Its CMA postgraduate education program now is firmly established in 19 overseas markets, namely Bangladesh, Cambodia, China, Cyprus, the Emirate of Dubai, Hong Kong, India, Indonesia, Iran, Japan, Lebanon, Malaysia, Nepal, New Zealand, Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand and Vietnam.
[21] To facilitate its educational objectives, the Institute has accredited a number of universities which have master's degree subjects that are equivalent to the CMA program.
The ICMA also has a number of Recognised Provider Institutions (RPIs)[21] that run the CMA program in Australia and overseas.
IMAC is particularly committed to enhancing the decision-making capabilities of organisations; and in promoting good governance, risk management and sustainability, which are the key elements in achieving long term social, environmental and economic performance, and in enhancing investor and other stakeholder confidence.