We are the Chartered Global Management Accountant is the most valuable accounting qualification for a career in business by Chartered Institute of Management Accountants (CIMA). It is the world’s largest professional institute for management accountants, with the aims to help individuals and businesses to succeed by making useful the full power of management accounting – not just the balance sheets, but accounting for business.
As accountants in business, management accountants need to understand how businesses operate, how they are managed, how people work together and how strategy is formulated.
They also need to be able to provide the analysis which managers need to understand the economics of a businesses’ operations, to manage performance and to manage risk. These capabilities are in addition to the core technical financial accounting skills expected of a professional accountant.
Only the CIMA Professional Qualification can give you the right mix of skills, knowledge and experience needed add value to organizations and drive business success.
WHAT IS MANAGEMENT ACCOUNTING?
Management accounting is the sourcing, analysis, communication and use of decision-relevant financial and non-financial information to generate and preserve value for organizations.
Management accountants analyze information to advice strategy and drive sustainable business success. Anyone can study the CIMA qualification, whether they’re new to finance and business or an experienced professional.
KEY DIFFERENCES BETWEEN FINANCIAL AND MANAGEMENT ACCOUNTING
prepare reports based on past performance.
produce required financial information to be used across other roles in a business.
gather information on revenue, cash flow and outstanding debts to spot trends, gather stats, and write reports that help your company make decisions — from day-to-day management to corporate strategy.
combine financial and non-financial data to paint a complete picture of the business. Then use that to drive the success of the business.