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IMA Virtual Student Chapter

About the IMA Chapter

​​The WGU “IMA” (Institute of Management Accountants) Virtual Student Chapter (the Chapter) is a perfect opportunity for accounting, finance, and business students. The Chapter provides leadership and networking opportunities, educational webinars, and other opportunities. The Chapter is student led and focuses on topics that the students determine are the most relevant for their careers.

A few of the benefits that you will receive being an IMA member (see Resources tab for other information):

  • IMA Webinars
  • Free Member Courses, including
  • Publications: Strategic Finance, the award-winning monthly publication; Management Accounting Quarterly, a refereed online journal on critical topics affecting the profession; E-newsletters, from general membership news in areas such as technology, careers, and CMA certification
  • IMA Thought Leadership: Statements on Management Accounting (SMAs), authoritative reports on a wide range of topics within the profession
  • Special Offers: Enjoy deals from some of the world’s leading brands · Learn more about IMA at www.imanet.org​​​​​​​

Not an IMA member? Join Here. Use code: STU25 for a $25 discount. List Chapter #0602 "WGU Virtual Student Chapter" as your chapter. Once you receive your IMA customer number, submit your name along, and your IMA Customer number: IMA@WGU.EDU.​​​​​​​

If you are an IMA member and are interested in applying for chapter leadership positions, visit here.

Ongoing Events

  • Chapter meetings are held every 3rd Wednesday at 6pm MT
  • Chapter leadership meetings are held every 2nd Wednesday at 6pm MT

 

Previous Events:

NOTE: This event has ended. Stay tuned for the event recording!

NOTE: This event has ended. Stay tuned for the event recording!

Held on September 27th 2022, this event featured successful professionals representing a variety of industries! Learn about their career paths, the CMA® (Certified Management Accountant) certification, insights, and tips for new graduates and young professionals. Come prepared with questions for our panelists.

NOTE: This event has ended. Stay tuned for the event recording!

We are pleased to announce our Inaugural WGU IMA Virtual Chapter Member meeting taking place on Wednesday, September 21, 2022 at 6pm MT. Join us to hear from our club student leaders who will be speaking on the following topics:

  • Update on club events
  • The process for, and impact of, earning the CMA designation
  • Offer time for any questions you might have about the club and earning your CMA

We will also have WGU’s very own Dr. Patricia Cherry present to talk about how earning the CMA has impacted her career. No registration is needed for this event. Just click the link on the meeting date and time to join us! We hope to see you there!

Dr. Cherry earned her PhD through Capella University in Business Organization and Management. She also holds a MS in Accounting from the University of Nevada, Las Vegas, a BS in Industrial Management with an option in Technical Communication and an AAS in Accounting Technology, both from the Oregon Institute of Technology in Klamath Falls, Oregon. She is a Certified Public Accountant, a Certified Management Accountant, and a Certified Fraud Examiner. Dr. Cherry began working in accounting when she was 12 years old, processing payroll for her parent’s corporation. She has over 35 years combined experience in public accounting and industry. Dr. Cherry began teaching accounting at the college and university level as an adjunct in 1996, switching to full time when she began teaching as a course mentor for WGU in June 2012.

News
  • We're looking for volunteers for the Events Committee and the Membership Committe. If you are interested in volunteer work for the chapter, please reach out to: IMA@WGU.EDU

Meeting Agendas and Minutes


 

IMA Information Hour with Patricia Cherry and Clint Dillard
Guest Speakers: Tyler Skelton, Jenette Lee, and Kristen Spikerman

Leadership Awards and Competitions

IMA Student Chapter Award of Excellence: (First Submission: Oct 31; Final Submission: Mar 31)

  • Student Chapters compete for a Gold, Silver, or Bronze award of excellence by promoting IMA's mission/vision and providing a variety of activities.

IMA Clark Johnson Achievement Award: (Deadline March 1)

  • This award acknowledges a student chapter whose efforts best reflect outstanding leadership through innovation, organizational development, and interdependent partnerships. 

IMA Student Manuscript Competition: (Deadline March 20)

  • This program provides Student members the opportunity to share their IMA student membership experiences in the form of an 800-work essay

IMA Student Case Competition US: (Deadline February)

  • The IMA U.S. Student Case Competition is open for all college or university students across the United States. Each student participant must be an active IMA Student member. The competition is comprised of 3-5 member teams. 
  • In round one of the competition, each team submits a PowerPoint presentation featuring their case analysis. The top four teams will compete live and be challenged by a panel of industry-leading professionals and academics at the IMA Annual Conference & Expo.
  • All finalist team members receive a CMA Scholarship worth over $2,000, travel and hotel expenses to the IMA Annual Conference where the finals will take place, free conference registration, and a team commemorative plaque.
  • The first-place team wins a $4,000 cash prize; the other teams each receive a $2,000 cash prize.

Resources

Education Center 

Career Center

CMA Certification

Worth Your Time

  • 12-18 months to complete both parts, on average
  • Up to 3 years allowed to complete both parts
  • 150-170 hours of study recommended per part

Success

  • 50% pass rate globally
  • $,000 CMAs granted each year on average
  • 100,000 CMAs awarded to date
​​​​​​What It Takes
  • Bachelor's degree or professional accounting certification required
  • 2 years of work experience required
  • Successful completion of parts 1 and 2

Part 1: Financial Planning, Performance, and Analytics

  • 15% External Financial Reporting Decisions
  • 20% Planning, Budgeting, and Forecasting
  • Performance Management
  • Internal Controls
  • Technology and Analytics

Part 2: Strategic Financial Management

  • 20% Financial Statement Analysis
  • 20% Corporate Finance
  • 25% Decision Analysis
  • 10% Risk Management
  • 10% Investment Decisions
  • 15% Professional Ethics

Note:  Graduates from the MS Accounting (MAcc) program are provided the Wiley CMA Review Course for free

Scholarships:

Scholarships are one of the many ways in which students fund their education. The Institute of Management Accountants (IMA) offer scholarships to students who are enrolled fulltime at a university at the undergraduate or graduate level. WGU may nominate ten students to receive scholarships during each academic year (September – June.) Recipients of the CMA Scholarships will receive a comprehensive package of benefits that include:

  • IMA membership for up to 3 years while pursuing completion of the CMA exam
  • Entrance fee to the CMA program
  • Exam Support Package—an assessment tool that can help assess the content covered on the CMA exam
  • Registration fees for the first attempt at both parts of the CMA exam
  • Wiley CMAExcel test bank access for up to 2 years for both CMA exam parts

WGU's Nomination Process

Due to the large number of students who attend WGU in the accounting and finance programs, WGU designed a formal process for nominating students. WGU is allowed to nominate ten students for the scholarship each academic year (September-June).

  • Twice a year an email is sent to eligible students inviting them to apply for the CMA Scholarship. The email outlines the application process. Students will have one month to submit the application. 
  • A committee reviews the submitted applications to ensure all required elements are included, and ranks the essays based on the rubric designed by the committee. The review process takes approximately 2 weeks.
  • Students will be notified by email shortly whether they have been selected or not. Students who are not selected may still apply during a subsequent application period if they still fall within the eligibility criteria.
  • A nomination form is sent to IMA with the nominated student’s First and last name, WGU enrolment status, major field of study, expected date of graduation, personal email address, student address, mobile phone number, and IMA number, if applicable.
  • Once IMA processes the information, they will send an email to the nominated student’s personal email. The student has 10 days to accept IMA’s offer.​​​​​​​

Eligibly Requirements

  • Undergraduate program: Students must be at a junior level or higher and must not have more than 60 CUs or fewer than 15 CUs remaining in their program.
  • Graduate program: Students must have no fewer than 9 CUs remaining in their program.
  • Managerial Accounting Course(s): Students must have passed one of the following courses on their first attempt:
    • Managerial Accounting (UFC1)
    • Cost and Managerial Accounting (D101)
    • Cost and Managerial Accounting (C250)
    • Advanced Managerial Accounting (C253)
  • ​​​​​​​Active and in good standing: Students must be active and in good standing in their program.

  • Applications for EFWA Scholarships open January 1 and close April 30
  • IMA sponsors three annual scholarships with their longtime partner, the Educational Foundation for Women in Accounting (EFWA). These scholarships are awarded to women at the undergraduate, graduate, and postgraduate levels and include CMA exam fees and IMA membership. 
  • Five additional scholarships for women in accounting are provided through EFWA. 

  • IMA: Two 1-year undergraduate scholarship in the amount of $2,000 each for women who are working toward a Bachelors degree in Accounting. In addition to the cash award, scholarship recipients will receive a complimentary 1-year student membership to the IMA, the CMA exam entrance fee, as well as the exam registration fee. The CMA exam entrance and registration fees have a two year time limit and are non-transferrable.
  • Michele L. McDonald Memorial: An annual scholarship will be awarded in the amount of $1,000 for the purpose of earning a degree in Accounting, with preference being given to a woman returning to college from the work force or after raising children. 
  • Moss Adams Foundation: This annual scholarship in the amount of $1,000 for women who wish to earn a Bachelors degree in Accounting is available to minority women, or women returning to school as current or re-entry juniors or seniors, or women pursuing their fifth year requirement through ether general students or within a graduate program. 

  • IMA: IMA is funding a 1-year scholarship in the amount of $1,000 to a student who is beginning her graduate studies. In addition to the cash award, scholarship recipients will receive a complimentary 1-year student membership to the IMA, the CMA exam entrance fee, as well as the exam registration fee. The CMA exam entrance and registration fees have a two year time limit and are non-transferrable.
  • Moss Adams Foundation: This annual scholarship in the amount of $1,000 is available to minority women, or women returning to school as current or re-entry juniors or seniors, or women pursuing their fifth-year requirement through ether general students or within a graduate program. ​​​​​​​

  • IMA Memorial Education Fund (MEF) ScholarshipIMA student members who have not previously received an IMA MEF scholarship are eligible to apply for the MEF-sponsored scholarships. Scholarships are available for undergraduate and graduate students, and selected individuals will be awarded scholarships ranging from $1,000-$2,500.

FY24 Chapter Leadership

This position is currently vacant. For inquiries, please send an email to ima@wgu.edu and include the position you're interested in on the subject line. To apply for leadership, click the Application Process tab for the form to fill out. Thank you! 

This position is currently vacant. For inquiries, please send an email to ima@wgu.edu and include the position you're interested in on the subject line. To apply for leadership, click the Application Process tab for the form to fill out. Thank you! 

This position is currently vacant. For inquiries, please send an email to ima@wgu.edu and include the position you're interested in on the subject line. To apply for leadership, click the Application Process tab for the form to fill out. Thank you! 

This position is currently vacant. For inquiries, please send an email to ima@wgu.edu and include the position you're interested in on the subject line. To apply for leadership, click the Application Process tab for the form to fill out. Thank you! 

Joining IMA as an undergrad student, Clint Dillard has served in local chapter leadership roles and continues to value the benefits of IMA membership and all it has to offer. Clint has served in a variety of professional roles in public accounting, private industry, governmental/higher education and nonprofit organizations during the last 30+ years. Within these, he has served the construction, real estate development, healthcare, restaurant, travel, manufacturing, and service industries. Clint obtained his bachelor’s degree (accounting) from Birmingham-Southern College and his Master of Accounting degree from the University of Alabama at Birmingham. He holds a CPA license and the CGMA designation.

Please send an email ima@wgu.edu to contact the faculty advisor(s). Thank you!

Leadership Positions and Committees

President Requirements: Open to any student who is equivalent to a junior level and above in an accounting or finance program or masters level with an undergrduate degree in accounting or finance. 

  • Presides at all meetings of the Chapter
  • Leads the Chapter's vision
  • Focuses on growth of the Chapter
  • Ensures the Chapter is meeting administrative criteria for Gold Chapter admission 

Executive Assistant Requirements: Open to any student in an accounting or finance program or a graduate student with an undergraduate degree in accounting or finance. 

  • Develop meeting agendas, posts the agenda to the Chapter site, sends agenda to Faculty Advisor
  • Keep minutes of meetings, posts the minutes to Chapter site, sends minutes to Faculty Advisor
  • Follows up on all action items​​​​​​​ from meetings and webinars

VP of Events Requirements: Open to any student in an accounting or finance program or a graduate student with an undergraduate degree in accounting or finance. 

  • Lead committee 
  • Provide ideas for events and share at meetings
  • Schedule date and time for upcoming events

VP of Membership Requirements: Open to any student in an accounting or finance program or a graduate student with an undergraduate degree in accounting or finance. ​​​​​​​

  • Lead committee
  • Sustain student chapter through recruitment and student outreach
  • Keep current students involved in chapter

Committees (any chapter member can join):

  • Events
  • Membership

Fill Out the Form to Apply for a Leadership Position: