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Management Accounting

Course overview

Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy.

Why a Management Accounting Course?

A Management Accountant course will equip you to meet the challenges of the fast moving and exciting global world. MAs can combine and apply accounting expertise and acumen to the changing management practices in a wide array of business functions.

What can a Management Accounting Course do for your career?

A Management Accountant course will equip you to meet the challenges of the fast moving and exciting global world. MAs can combine and apply accounting expertise and acumen to the changing management practices in a wide array of business functions.It has its scope in the following fields:Financial Accounting, Cost Accounting, Revaluation Accounting, Control Accounting, Internal Audit, Taxation, Interim Reporting

The strategic and decision making skills acquire through doing Management Accountingcourse will give you many more career options, not necessarily in Finance. Many management accountants work in Management Consulting, Business Analysis or Project Management. Many then move on to Finance Director and Chief Executive positions.

Colleges Offering the Course

1) Chartered Institute of Management Accountants, London (self study)

2) Institute of Cost and Works Accountants of India (ICWAI), Kolkata/Delhi

3) Certified Management Accountant India (ICMA), Mumbai

Course Content

A typical program on management accounting would have the following topics:

  • Organization and Management Fundamentals
  • Accounting
  • Economics and Business Fundamentals
  • Business Mathematics and Statistics Fundamentals
  • Financial Accounting
  • Statutory Compliance

Course Fee

Course fee for the CAT course of ICWAI is Rs 8600 while the course from CIMA, London would cost around Rs 86,000.

Application process

Clearing 12th is the entry requirement for the foundation course of most programs. A graduate or MBA holder can avail exemptions in taking exams.

Is it suitable for me?

A person pursuing this course should be good in Planning, Budgeting and Forecasting, Performance Management, Cost Management and should be able to take effective investment decisions. He/she should be good at Mathematics.The person should be able to do proper analysis of financial statements, should be good in decision analysis and risk management.

Fintotal Insight

Management Accountants who are members of CIMA are employed by MNCs.

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