The Definition Of A Management Accountant From The CGMA
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WHAT IS MANAGEMENT ACCOUNTING?
IT'S MORE THAN YOU THINK

Management accountants are trusted to guide critical business decisions and drive strong business performance. Their skills encompass a mix of operations, management and strategy.

 

 

Many accounting professionals are already leveraging their broad business acumen to drive sustainable business success. To fully understand the scope of your impact and knowledge, review the list below to see how many of these skills you’ve already acquired.


STRATEGY

  • Analyse corporate environment
  • Evaluate strategic options
  • Design and run performance management systems
  • Evaluate and manage business risk
  • Conduct business or corporate valuation
  • Manage financial risk
  • Review, audit and evaluate risk control
  • Apply risk management to IT/IS environment
  • Formulate and evaluate financial strategy
  • Model and forecast cash flows and other finances
  • Advise on mergers, acquisitions & divestments
  • Manage change

MANAGEMENT

  • Analyse competitive environment
  • Plan, set up, manage, execute projects
  • Negotiate and communicate effectively
  • Advise on product manufacture/pricing
  • Plan/manage cost for competitive advantage
  • Lead the team
  • Design and manage budgeting systems
  • Evaluate performance of organisation
  • Prepare group accounts
  • Evaluate and apply IFRS
  • Analyse/interpret financial statements
  • Prepare CSR reports

OPERATIONS

  • Awareness of IT/IS issues and environment
  • Awareness of key marketing issues
  • Awareness of efficiency & quality issues
  • Awareness of people management
  • Calculate and analyse cost of products
  • Forecast & budget for organisation activities
  • Evaluate capital expenditures
  • Manage short-term finance
  • Prepare basic tax computations
  • Prepare financial statements
  • Use IFRS and GAAP
  • Manage general and other ledger systems






 

WHAT DOES IT TAKE TO
BECOME A CGMA HOLDER?

ADDITIONAL INFORMATION

For more information on any aspect of the CGMA designation, please contact us.


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