The title Certified Management Accountant is a professional designation awarded by various professional bodies around the world. The CMA designation is a post-nominal award issued to individuals who have achieved a peer-based criteria of professional competency in the field of Management Accounting. Management accounting qualifications differ from those such as the ACA or CPA "Chartered" or "Public" accounting qualifications in a number of ways. Management accountants are primarily focused on internal cost measures and accounting for management review, whereas ACA/CPA specialists are focused on reporting financial results to external bodies such as tax departments, capital markets, investors and others. Image File history File links Acap. ... Image File history File links Question_book-3. ... Image File history File links Wikitext. ... Application Control Architecture American Chiropractic Association Atlantic Coast Airlines, now Independence Air Australian Communications Authority The ICAO code for Air Canada Automóvil Club Argentino ( Argentina ) This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... For other meanings of CPA see CPA (disambiguation) Certified Public Accountants (CPAs) are accounting professionals of the United States who have passed the Uniform CPA exam, which was developed and is maintained by the American Institute of Certified Public Accountants (AICPA), and have subsequently met additional state requirements for licensure...

The CMA qualification is offered in Australia, Canada, the United States, and many other developed countries. CMAs are granted a certificate from a professional body like the Institute of Certified Management Accountants (ICMA), the Institute of Management Accountants (IMA), provided that they pass a rigorous examination, and meet the necessary educational and practical experience requirements. Due to their non-statutory status in the United States, CMAs in that country generally provide their services directly to their employers rather than to the public. American CMAs may also provide services to the public, but do so to a much lesser extent than a Certified Public Accountant (CPA). The Institute of Certified Management Accountants (ICMA) is an Australian organisation focused on management accounting, it differs from other Australian Accounting societies; CPA Australia, Institute of Chartered Accountants of Australia, National Institute of Accountants due to this focus. ... This article needs to be cleaned up to conform to a higher standard of quality. ... Certified Accountant redirects here. ...

In the United States, the CMA credentials differ significantly from the CPA designation. More than 80% of accounting professionals in the U.S. work within organizations, building quality financial practices into the organization through decision support, planning, and control over the organization’s value-creating operations. For these managerial finance and accounting professionals, the CMA may be more appropriate as a best selection. Many professional accountants hold both CPA and CMA designations.

The profession of accounting in Canada also includes a Certified Management Accountant (CMA) designation. Canadian CMAs belong to the Society of Management Accountants of Canada. A similar title, Chartered Management Accountant, exists in the United Kingdom and is awarded to members of the Chartered Institute of Management Accountants. Other professional organizations which specialize in management accounting include the Institute of Cost and Works Accountants of India , Institute of Cost and Management Accountants of Pakistan. The Society of Management Accountants of Canada, which is also known as CMA Canada, awards the Certified Management Accountant designation in Canada. ... The Chartered Institute of Management Accountants (CIMA) is a United Kingdom professional body that offers a qualification in management accountancy, focusing on accounting for business. ...

In order to earn the CMA designation in Canada, Australia, or the United States, an accountant must have mastered a comprehensive body of knowledge by demonstrating six key skill levels -- knowledge, comprehension, application, analysis, synthesis, and evaluation -- in the following areas:

• Business Analysis (economics, internal controls, quantitative methods, financial statement analysis)
• Management Accounting and Reporting (budget preparation, cost management, performance measurement, external financial reporting)
• Strategic Management (strategic planning, corporate finance, decision analysis, investment decision analysis)
• Business Applications (all of the above, plus organization management, behavioral issues, ethical considerations)

See also

• Accountant
• Chartered Certified Accountant (ACCA)
• Chartered Accountant (CA or ACA)
• Chartered Management Accountant (FCMA or ACMA), Chartered Institute of Management Accountants (CIMA)
• Certified Public Accountant (CPA)
• Certified General Accountant (CGA)
• Certified Management Accountant (CMA)
• Institute of Certified Management Accountants (CMA)
• The Institute of Cost and Works Accountants of India (ICWAI)
• Cost and Management Accountants of Pakistan (ICMA)

Accountant, or Qualified Accountant, or Professional Accountant, is a certified accountancy and financial expert in the jurisdiction of many countries. ... The Association of Chartered Certified Accountants (ACCA) is a British chartered accountancy body with a global presence that offers the Chartered Certified Accountant (Designatory letters ACCA or FCCA) qualification worldwide. ... Chartered Accountant (CA) is the title used by members of certain professional accountancy associations in the British Commonwealth countries and Ireland. ... The Chartered Institute of Management Accountants (CIMA) is a United Kingdom professional body that offers a qualification in management accountancy, focusing on accounting for business. ... Certified Accountant redirects here. ... Certified General Accountant (CGA) is a professional designation representing members of the Certified General Accountants Association of Canada (CGA-Canada), provincial and territorial CGA Associations as well as CGA Associations overseas. ... The Institute of Certified Management Accountants (ICMA) is an Australian organisation focused on management accounting, it differs from other Australian Accounting societies; CPA Australia, Institute of Chartered Accountants of Australia, National Institute of Accountants due to this focus. ...

External links

• Certified Management Accountant Online Community Resource
• Chartered Institute of Management Accountants
• Institute of Management Accountants
• Institute of Certified Management Accountants
• Institute of Accounting Technicians
• Certified Management Accountants of Canada
• The Institute of Cost and Works Accountants of India
• Institute of Cost and Management Accountants of Pakistan