In 2016 CIMA, sponsored the creation of the world's first management accounting standard: "Guide to management accounting principles". The standard, published by the British Standards Institute codifies a universal framework for best practice in decision making. Organisations including, Sky, The Environment Agency, Fujitsu, the NHS and Siemens had input into its development. It is designed as a best-practice guide to management accounting, allowing organisations to benchmark their finance function and unlock the full contribution that management accountancy can make. The specification is based on the Global Management Accounting Principles, created in 2014 by CIMA and the American Institute of Certified Public Accountants.