Cma Info Essay

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4. Can it be used internationally
As the name implies, Certified Management Accountants (CMAs), are usually involved with the managerial side of companies. They are involved with internal accounting procedures of a company, internal control and strategy. CMAs can have a variety of roles, which require extensive knowledge of cost management, strategic performance measurement, process management, risk management, assurance services and stakeholder reporting. CMAs that are part of the higher management of companies are required to provide strategic direction, business management and leadership.
At an entry level, CMAs usually enter the job market as a general accountant or cost accountant where they would report to senior accountants or directly to a controller. With experience, CMAs can move on to specific and more complex roles as managerial accountants. The type of industries that CMAs are involved in varies. A lot of CMAs work with manufacturing companies where they are responsible for implementing various costing and pricing systems, analysis of the different processes used and reducing expenses efficiently. Managerial accountants can also be heavily   responsible for setting up the capital budgeting and budget analysis of organizations. They can also be involved in setting up accurate and efficient internal control systems, as a controller. A controller would be responsible for the accounting operations of the company, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with generally accepted accounting principles. With many years of experience, a CMA can be involved a lot more with the strategic side of the company, within top management, for example: implementing new ERP systems, deciding to potentially take the company public, what regions to increase or cut production,...

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