Management Accountant
What's it like to be a Management Accountant?
Management Accountants oversee an organisation’s cost management and financial planning. They provide strategic financial advice to senior leaders to help improve profitability or reduce risk. They also analyse data to create budgets, forecasts and financial models. Management Accountants take a long-term view of both financial and non-financial information to find ways for organisations to grow and create new value.
Tasks and duties
- Collating information such as revenue, cash flow and outstanding debts.
- Using financial and non-financial data to formulate a complete picture of how the business is going.
- Advising stakeholders on the financial implications of significant decisions, business strategy and monitoring risk.
How to become a Management Accountant
You usually need an accounting degree and extensive experience to become a Management Accountant.
Complete an accredited qualification, such as a Bachelor of Accountancy, or a business or commerce degree majoring in accounting. This usually takes three years of full-time study.
Alternatively, if you have already completed a degree, complete a Master of Professional Accounting. This usually takes two years of full-time study.
Complete the Chartered Institute of Management Accountants (CIMA) Professional Qualification. Study paths and completion times may vary based on your existing qualifications.
Develop your experience across one or more managerial roles in accounting.
Consider becoming a Chartered Accountant (CA) by completing the Chartered Accountants Australia New Zealand (CAANZ) graduate certificate programme. Provisional membership is available to graduates of accredited degrees. Full membership is available upon completion of three years of employment in an approved workplace.
Alternatively, some Accountants choose to become a Certified Practicing Accountant (CPA) by completing CPA Australia’s graduate programme. This usually takes one year.
Compare your salary
Latest Management Accountant jobs on SEEK
Skills and experience employers are looking for
