Chartered management accountant: Job description. A chartered management accountant prepares, develops and analyses key financial information to ensure that an organisation's management makes well-informed decisions to ensure future stability, growth and profitability. They establish and maintain financial policies and management information systems, as well as provide a high quality support service by liaising with management colleagues on all aspects of finance. The role combines accounting skills with business management skills. A chartered management accountant's role is to look to the future. They analyse the performance of a business and advise on how to prevent problems, adapt to changing circumstances and improve value. This is done by managing and reducing operational and production costs and implementing newer, more effective strategies.
They may work in a specific division or across the whole organisation. Typical work activities The role will vary depending on the management structure, but responsibilities typically include: Management accountant: job description. What do management accountants do? Typical employers | Qualifications and training | Key skills Responsibilities of the job include: preparing reports, budgets, commentaries and financial statements undertaking financial administration and internal audits liaising with managerial staff and other colleagues developing and managing financial systems/policies negotiating and obtaining finance for major projects controlling income and expenditure creating business strategies to generate shareholder value Opportunities to work overseas may be offered by some employers.
Typical employers of management accountants Any public and private sector organisations with an accounting or financial department Financial institutions Vacancies are advertised by careers services, specialist recruitment agencies and in local, regional and national newspapers and publications such as TARGETjobs City & Finance, Accountancy Age, Pass, Certified Accountant, Management Accounting and their respective websites. Management Accountant Job Information. Page Content Management accountant Hours30-40 per weekStarting salary£25,000 + per year Management accountants are responsible for managing a company's finances. They look after a company's accounts. They also find ways of improving profitability and growth.
To do this job you will need to have good maths and computer skills. To start working you will have to finish training with one of the professional bodies. WorkDesc The work As a management accountant you would work for one company as an in-house (internal) accountant. Your work could include: HoursDesc Hours You would normally work standard office hours, Monday to Friday.
IncomeDesc Income Starting salaries are between £25,000 and £31,000 a year. Finance managers and directors could earn between £50,000 and £100,000 a year, depending on the size of the company. Salaries also depend on location, and may be higher, on average, in London and the south east. Figures are intended as a guideline only. EntryRequirementsDesc Entry requirements LMIData. How To Open Doors to a Management Accounting Career | University of Leeds Careers Centre Blog. Interested in Management Accounting? Perhaps this post from our guest blogger Katy Crouch, on behalf of the Chartered Global Management Accountant (CGMA) will help. Management Accounting – What it is Management accounting roles combine financial know-how with management skills. This career will have you using accounting expertise in order to form business strategies; and as you progress you can work your way up to making essential business decisions and driving success!
A rewarding career A career in management accounting can satisfy the most ambitious of people. With global recognition As a Chartered Global Management Accountant (CGMA) you have the opportunity to work all over the world! After completing the CIMA framework, which takes a full-time working, part-time studying individual an average of five years, the next step is to become a CIMA member and then you automatically qualify for a CGMA designation. The potential Entering the field Alternative entry Skills checklist Success Stories. Finance ManagementAcc. CIMA Undergraduate Group. Jobs and careers. The CGMA designation. Chartered Global Management Accountant™ (CGMA®) is the global designation for management accountants.
It’s powered by the resources and expertise of AICPA and CIMA, two of the world’s leading accounting organisations. As a CIMA member, you automatically qualify for the designation and can use the letters CGMA after your name*. The CGMA designation extends the global reach of your recognition as a chartered management accountant. You remain a CIMA member, with all the benefits of CIMA membership. The designation: Recognises your experience and skills globally - Having the CGMA designation will add power to your CV/resume by demonstrating your business acumen, ethics and commitment. Showcases your value around the world - Every day we work with key employers and influencers worldwide, increasing awareness of the designation. Browse CGMA.org for resources and more information. Gaining the designation When you gain CIMA membership, you also gain the CGMA designation*. Have a question? Why choose CIMA?
CIMA’s business-ready qualification CIMA’s study and robust assessment methods mean that the real-life skills and competencies employers need are woven into the syllabus. About our syllabus The syllabus is strong on the core accounting skill, but also includes ‘Big Data’, sustainability, integrated reporting and finance function transformation.
We also study risk, as well as costing and cost management. Passing your CIMA assessments at every level shows to an employer that you have a grasp of theory and practice. Online assessment All assessments are computer based and in the case of the objective tests are available ‘on demand’. We're the first global accountancy body to pioneer a combination of computerised assessments to examine our syllabus. Our syllabus and assessment gives you a robust and flexible learning experience to suit your lifestyle. To see how the online assessment works, please try out our practice exams. Be recognised globally CGMA Competency Framework. Redressing-the-balance - CGMA. Professional qualification (2015 syllabus and assessment)
CIMA introduced an updated syllabus for its professional qualification and new assessment methods in January 2015. This updated syllabus and assessment bridges the skills gaps of newly qualified finance professionals worldwide, meeting the employability needs of both business and people. Our objective is to produce competent and confident management accounting professionals who guide and lead their organisations to sustainable success.
Competency framework Following comprehensive global research with employers of various sizes and in different sectors, we have developed a framework which shows the skills, abilities and competencies finance professionals need to drive the success of their organisations. New focus The 2015 syllabus is competency-based; retaining the 2010 syllabus structure with its pillars and levels. Assessment CIMA is the first global accountancy body to pioneer a combination of computerised assessments to examine our syllabus. Master's gateway route. The Master’s gateway route is an accelerated entry route to the CIMA Professional Qualification and the globally recognised CGMA designation for individuals who hold an MBA or Master's in Accounting.
How does it work? Eligible individuals are required to take the CIMA Gateway exam, also known as the Management Level Case Study exam for those who are not on the accelerated route. The CIMA Gateway Exam is: a computer based case study examthree hours longavailable in four windows a year (refer to the 2015 exam timetable for more information)assesses knowledge and competencies covered in the Management level of the CIMA Professional Qualification.
Once you have passed the CIMA Gateway Exam, you will be granted 12 exemptions that include subjects from the certificate level, operational and management level exams, allowing you to progress straight to the strategic level of CIMA Professional Qualification. Try out the gateway practice exam to get a flavour of what the exam looks like. Practice exam. Home | Association of International Accountants. CIMA - Chartered Institute of Management Accountants. Mango.