A Certified Management Accountant (CMA) has significant expertise in financial accounting and strategic management and has earned certification through the Institute of Management Accountants (IMA). The CMA certification not only covers basic financial accounting proficiency but includes an in-depth focus on management skills that aid in making strategic business decisions based on financial data.
Why Become a Certified Management Accountant?
The CMA certification demonstrates a command of the critical accounting and financial management skills. CMA’s are qualified to work across multiple areas in an organization, not just in finance. Careers for CMA’s are varied, this growing profession, at its core, involves using specialized accounting expertise to assist in management decision-making and planning.
A CMA has demonstrated command of:
- Financial Planning
- Financial Analysis
- Financial Control
- Decision Support
- Professional Ethics
Who Earns a CMA?
Most accounting qualifications train people for private practice, working on external audit and tax issues, a CMA Certification goes beyond this. CMAs are able to bridge and interpret the gap between raw numbers “the what” and a company’s direction “the why” giving senior management a clearer understanding of how to execute strategy.
Titles that CMAs typically hold are:
- Chief Executive Officer
- Chief Financial Officer
- Vice President
- Finance Treasurer
- Senior Accountant
- Staff Accountant
- Cost Accountant
- Internal Auditor
- Budget Analyst
- Financial Analyst
- Finance Manager
What Makes the CMA Certification Unique?
Since first being offered in 1972, the CMA certification became the gold standard for excellence in the field of management accounting. With more than 50,000 CMAs globally, the credential is highly valued and respected by top employers. Above all, CMAs bring a high level of professionalism and integrity to business, as demonstrated by their certification and IMA membership.
If you’re interested in learning more about how to become a CMA please download our free resource Wiley’s Official Guide to the CMA Exam.