Who is A Certified Management Accountant
Who is A Certified Management Accountant:
A management accountant who possesses the necessary qualification and who possesses a rigorous professional exam earns the right to be known as a certified Management Accountant (CMA).
In addition to the prestige that accompanies a professional designation, CMAs are often given greater responsibilities and higher compensation than those who do not have such a designation. Information about becoming a CMA and CMA program can be accessed on the Institute of Management Accountants.
To become a Certified Management Accountant, the following four steps must be completed:
- File an application for admission and register for the CMA examination
- Pass all four parts of the CMA examination within a three year period
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Satisfy the experience requirement of two continuous years of professional experience in management and/or financial accounting prior to or within seven years of passing the CMA examination.
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Comply with the standards of ethical conduct for practitioners of management accounting and financial management.
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In Business| How’s the Pay? In 1998 Ronald Madison reported that, with normal progress in a larger corporation, a management accountant should be earning $45,000 with in three to four years and after five to six years, $60,000. The salaries would be even higher now. Source: Ronald Mason, How do I start career in financial management?” imastudents.org magazine, winter 1998, pp. 16-20. |
I am Abongeh Rogers Ngongketuh,a Cameroonian in the Higher Institute of Commerce and Management, university of Bamenda.
I enjoyed the lesson on Introduction to Managerial Accounting.