IMA`s prestigious global certification, the Certified Management Accountant (CMA)is an advanced, globally recognized credential that supports management accounting and finance professionals who drive business performance from inside organizations.
» Foster the professional development of those who hold it
» Prepare them to anticipate the needs of their organizations
» Play an integral role in the strategic decision-making process
» Uphold the highest level of professional and ethical standards.
The role of management accounting differs from that of public accounting, since management accountants :
» Work at the beginning of the value chain.
» Support decision making, planning and control.
» Audit and tax functions involve checking the work after the fact.
Some common job titles for management accountants in organizations of all sizes and structure include :
» Staff Accountant
» Cost Accountant
» Senior Accountant
» Corporate or Division Planner
» Financial Analyst
» Budget Analyst
» Internal Auditor
» Finance Manager
» Vice President, Finance
» Chief Financial Officer (CFO)
» Chief Executive Officer (CEO)
In order to earn the CMA designation an accountant must have mastered a comprehensive body of knowledge by demonstrating six key skill levels -- knowledge, comprehension, application, analysis, synthesis, and evaluation -- in the following areas :
» Business Analysis (economics, internal controls, quantitative methods, financial statement analysis)
» Management Accounting and Reporting (budget preparation, cost management, performance measurement, external financial reporting)
» Strategic Management (strategic planning, corporate finance, decision analysis, investment decision analysis)
» Business Applications (all of the above, plus organization management, behavioral issues, ethical considerations