What is management accounting?

Not all accounting is the same

Management accounting combines accounting, finance and management with the leading edge techniques needed to drive successful businesses.

What is management accounting table

How CIMA benefits your business

Most accounting qualifications train people for private practice, working on external audit and tax issues. CIMA members are qualified to work across an organisation, not just in finance.

In addition to strong accounting fundamentals, CIMA teaches strategic business and management skills:

  • Analysis – understanding the story behind the numbers and using it to make business decisions
  • Strategy – using the insight from analysis to help formulate business strategy to create wealth and shareholder value.
  • Risk – applying analytical skills to look at end-to-end business processes to identify and manage risk.
  • Planning – using accounting techniques to plan and budget.
  • Communication – knowing what information management needs and explaining the numbers to non-financial managers.

You can trust CIMA members

CIMA members and students are required to comply with the CIMA code of ethics and to adopt the fundamental principles to their working lives. CIMA members are at the heart of business as its conscience, adding judgment, independence and objectivity to their professional qualification.

Every year, CIMA audits its members to ensure they uphold these ethics and will take action if members have been less than true to them.