The Professional

Environment of Management
Accountant, including
Professional Organization
and Professional
Certification
Management accountants

 Management accountants are key figures in

determining the status and success of a company.
Some choose to become a Certified Management
Accountant (CMA), a similar credential to CPA, but
with a greater focus on cost accounting, financial
planning, and management issues.
 Management accountants are risk managers,
budgeters, planners, strategists and decision makers.
They do the work that helps the company's owner,
manager or board of directors make decisions
Environment of Management Accountant
 Management accountants, often referred to as
corporate accountants or private accountants, preside
over the financial record keeping of a business. They
keep records of and analyze all the company's financial
data such as revenue, income, taxes owed, and the
amount of cash a company has.
 They prepare financial statements such as balance
sheets, cash-flow statements, and income statements.
They also present additional reports to senior
managers so that they can make important decisions.
In addition, management accountants supervise
record-keeping departments, such as bookkeeping and
data processing.
 Professional Organization (IMA)
 The Institute of Management Accountants (IMA) is one of the
top associations for financial professionals. It offers the
prestigious Certified Management Accountant (CMA)
designation.

The Institute of Management Accountants (IMA) is one of the top

associations for financial professionals. It offers the prestigious
Certified Management Accountant (CMA) designation. The IMA's
mission is education and development in management accounting
and finance, advocacy of the highest ethics and best business
practices, and providing a forum for research.
 Professional Certification (requirements to
become a CMA)
1. Obtain a bachelor's degree in accounting, finance or economics.
-Make sure your program of study includes an emphasis on business
studies, such business law, management, marketing and taxation.
2. Get your necessary work experience.
- The CMA designation requires 2 years of continuous work
experience. Your work needs to be in a CMA-related field. These jobs
include accounting, auditing, financial analysis or budgeting.
3. Apply for membership in the Institute of Management
Accountants.
- The annual membership cost will vary, based on your status as a
student or as an employee working in the field. Membership in this
professional organization gives you access to exam preparation,
employment boards and continuing education courses.