The cost-accounting processes that a business deploys maintain the integrity of its decision-support structures. They do this by codifying the allocation of cost transactions to the master data objects.

Processes must maintain the logic of the cost structures agreed by decision makers to engender their trust and ensure buy-in to results. Most importantly, the processes deployed should draw attention to opportunities to continuously improve cost-competitiveness; they should also be applicable to all the business' activities and its supply chain.

In addition, processes must be able to discretely record the cost impact of improvement initiatives; that way, they can report the return on investment that’s delivered.


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Activity-Based Costing (ABC)

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Chartered Global Management Accountant

CGMA is the most widely held management accounting designation in the world with more than 150,000 designees.  It was established in 2012 by the AICPA and CIMA to recognise a unique group of management accountants who have reached the highest benchmark of quality and competence. The CGMA designation is built on extensive global research to maintain the highest relevance with employers and develop the competencies most in demand. CGMA designation holders qualify through rigorous education, exam and experience requirements. 

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