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FINANCIAL EXECS EXPECT HIGHER SALES AND PROFIT

 MONTVALE, N.J., Dec. 1 ~PRNewswire~ -- A survey of the Controllers Council of the Institute of Management Accountants (IMA) indicates increasing confidence that their year-end companies' sales and profits will be up from 1991 levels.
 The survey of 3,200 members of the IMA's Controllers Council compared sales and profits on Dec. 31, 1991, to those expected at year- end 1992. Fifty percent said they expect sales to be up, and 55 percent said profits would be higher on Dec. 31, 1992.
 Eight-two percent of the Controllers Council predict an economic upturn in 1993. An overwhelming 94 percent expect the upturn to be minor, and 57 percent said it will occur in the second quarter of 1993.
 "Continued low interest rates may be a key driver of this guarded optimism," said Jonathan Schiff, consulting director to the IMA.
 The survey, based on a 29 percent response rate of the 3,200 members of the IMA's Controllers Council, was conducted during the second week of November. IMA's Controllers Council members are the financial executives and managers who are responsible for the budgets and forecasts of their firms.
 With nearly 90,000 members, IMA is the world's largest organization of management accountants and financial managers. Founded in 1919, IMA is based in Montvale, N.J.
 -0- 12~1~92
 ~CONTACT: Daniel M. Hrisak of the Institute of Management Accountants, 201-573-6154 or 404-992-2187~


CO: Institute of Management Accountants ST: New Jersey IN: SU: ECO

BR-BN -- AT004 -- 2287 12~01~92 09:27 EST
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Publication:PR Newswire
Date:Nov 30, 1992
Words:250
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