To earn the certified management accountant (CMA) designation, offered by the Institute of Management Accountants (IMA), you must first complete a bachelor's degree, pass the two-part CMA exam and acquire two continuous years of professional experience in management accounting or financial management.eval(ez_write_tag([[728,90],'academicinvest_com-banner-1','ezslot_5',114,'0','0'])); CMA’s working in larger organizations are typically responsible for supervising lower-level accountants who handle a company's basic accounting tasks, which include recording income and expenses, tracking tax liabilities and using these data to prepare income statements, cash flow statements and balance sheets. After passing the exam, qualified CMAs are expected to participate in continued education through the entire duration of their careers. Our CMA CPE catalog includes a variety of course topics to help you update your knowledge and skills throughout your career. Becoming a CMA (certified management accountant) is a great way to take your accounting career to the next level. Studying one of the university majors listed below can serve as an excellent foundation for this profession. eval(ez_write_tag([[336,280],'academicinvest_com-box-4','ezslot_6',113,'0','0'])); To become a CPA in Canada, you first need to have an undergraduate degree. Due to the above-mentioned unification process of accounting designations in Canada, new applicants for the CMA certification program are no longer being accepted. Our job board below has 'CMA' postings in Canada, the United States, the United Kingdom and Australia. If you expect to pass this exam as soon as possible and get certified as a CMA, preparation is crucial. They also need to have sufficient computer knowledge to be able to use accounting software. The management accountant’s role is to perform a series of tasks to ensure their company’s financial ... Continue Reading », Students can seek entry level jobs in accounts receivable, accounts payable, auditing and investment planning by completing an associate degree program in accounting. CMA Salary - Canada: According to the 2015 Alberta Wage and Salary Survey (the latest figures available at the time of writing), Albertans working in the Financial Auditors and Accountants occupational group earn an average salary of $75,474 per year. Retrieved November 2, 2019. Business & Financial: “Accountants and Auditors.” (September 4, 2019). Below is an overview of the skills you’ll need to be effective in this profession: • Knowledge of basic accounting, generally accepted accounting principles (GAAP) and basic tax principles, • Knowledge of finance tools, such as discounted cash flow, • Knowledge in both human capital management and financial capital management, • Well-versed in areas such as capital investment, operational structuring and foundational risk assessments, • Softer skills such as communication and presentation skills, writing, persuasion and interpersonal skills. The scholarships in our database that are relevant for becoming a certified management accountant are those that are found on our Accounting Scholarships page. If so, a career as a certified management accountant (CMA) is worth considering. An exception to this may be granted if you have substantial and relevant professional achievements. eval(ez_write_tag([[300,250],'academicinvest_com-large-mobile-banner-2','ezslot_8',119,'0','0'])); Management accountants may be salaried employees or work on a fee-for-service basis. Certified Management Accountants are required to have strong communication skills both verbal and written along with mathematical skills. WebCE is approved by the Institute of Management Accountants (IMA) to offer continuing professional education courses for CMA® (Certified Management Accountant) certificants.