WHAT IS MANAGEMENT ACCOUNTING?
Management accounting combines accounting, finance and management with the leading edge techniques needed to drive successful businesses. Management accountants work at the heart of business to develop all the skills needed to take the decisions required to create value for the short, medium and long-term.
CIMA difference
Management accounting is financial accounting + added value
Financial accounting
Role
Reporting financial performance
Added value
Managing business opportunities
Financial accounting
Framework
Laws
Standards
Regulations
Added value
Evidence
Solutions
Best practices
Financial accounting
Information
Financial
Quantitative
Certain
Added value
Non-financial
Qualitative
Predictive
Added value
Forward looking
Financial accounting
Skills
Reporting
Technical
Analytical
Added value
Communicating
Innovating
Problem solving
Find out what CGMAs bring to your business