The Institute of Management Accountants (IMA) is composed of nearly 70,000 members. The IMA “Objectives of Management Accounting” states, “The management accountant participates, as part of management, in assuring that the organization operates as a unified whole in its long-run, intermediate, and short-run best interests.”

Based on your reading in this chapter, prepare a 100-word description of the principal ways that accountants participate in managing an entity.