To succeed, you need initiative. This means taking that extra step, asking a coworker or supervisor if they need help, making recommendations after you do the analysis on a problem, or finding alternatives and making recommendations to management. It means following through to complete the picture.
The CMA is a global professional credential, offered by the Institute of Management Accountants (IMA), based out of New Jersey USA. IMA is the worldwide association of accountants and financial professionals working in business and academia. IMA has spread its wings across the globe.
The university is integrating BBA Honors and BCom Honors syllabi with US CMA.
Qualifying experience consists of positions requiring judgments regularly made employing the principles of management accounting and financial management.
Such employment includes:
- Preparation of financial statements
- Financial planning & analysis
- Monthly, quarterly, and year end close
- Auditing (external or internal)
- Budget preparation & reporting
- Manage general ledger and balance sheets
- Company investment decision making
- Costing analysis
- Risk evaluation
Some of the organizations where CMAs are employed in India are:
- Morgan Stanley
- Goldman Sachs
- Wells Fargo
- Tata Consultancy Services
Management accountants need to be grounded in both managerial and financial accounting, so classes in these areas are important. Additionally, as management accountants increasingly assume the role of business partner in their organizations, an understanding of business operations is more important than ever and courses in this area are crucial.