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In 2016, CIMA sponsored the creation of the world's first management accounting standard: PAS 1919:2016 Management Accounting Principles Guide. The standard was published by the British Standards Institute and compiled a common framework for decision-making best practices. Organizations including Sky, Environmental Protection, buy degree online , buy high quality fake degree , purchase masters degree, Fujitsu, NHS and Siemens have invested in their development. It is designed as a best practice guide for managing accounting, allowing organizations to benchmark their financial functions and freeing up all the contributions that management accounting can make. The specification is based on the global management accounting principles established by CIMA and the American Institute of Certified Public Accountants in 2014.