Certified Management Accountant Career

The certified management accountant takes on the responsibility of analyzing an organization’s financial information or data. This information is vital for making decisions.  His tasks also involve development and maintenance of financial systems, business and budget planning, estimation of costs as well as revenues, preparation of financial statements and reports, and supervision of record or bookkeeping unit.

A management accountant may specialize in a specific area of accounting.  One may work in cost accounting, tax accounting, budget accounting or systems accounting.  Advancing to this career position requires one to gain relevant accounting experience.One may start as a junior accountant and gain experience. This career position may require one to travel from one place to another.  This is especially true for an individual working for a government agency.

How to become a Certified Management Accountant

To become a certified management accountant, one must earn a bachelor’s degree in accounting, finance, or other related degree.  Pursue graduate studies and earn a master’s degree.  Gain relevant experience in the industry.  Obtain a certification as a Certified Management Accountant through the Institute of Management Accountants.  One should also obtain a Certified Public Accountant certification.  Pursue continuing education courses as well.  To qualify for this position, one must also be skilled in math, communication, analysis, computers, leadership, and management.

Certified Management Accountant Courses, training, programs

A degree in accounting prepares an aspiring certified management accountant in his responsibilities and tasks.  The program provides background in various areas such as financial accounting, management accounting, cost accounting, public and non-public accounting, taxation, auditing, international accounting, business law and ethics, economics, management, communication and information systems.

TOP 5 colleges/Universities

University of Texas-Austin, Texas

Brigham Young University, Utah

University of Illinois at Urbana-Champaign, Illinois

University of Notre Dame, Indiana

University of Southern California, California

Certified Management Accountant Jobs, opportunities, salaries/pay

Depending on the job position or designation, a certified management accountant may earn from $43,993 to $241,308 per year.  Employment may be found in various industries such as accounting, auditing and tax services, manufacturing and distribution, healthcare, financial services, and real estate property management.

Category: Accounting Careers

Leave a Reply

+ 7 = fifteen