Role of the Management Accountant
Learn what a management accountant does and how you can have a career in this exciting accounting field.
What Do Management Accountants Do?
Also known as corporate accountants, management accountants work within one specific company.
The role of the management accountant is to perform a series of tasks to ensure their company's financial security, handling essentially all financial matters and thus helping to drive the business's overall management and strategy.
Management accountants are key figures in determining the status and success of a company. Some choose to become a Certified Management Accountant (CMA), a similar credential to CPA, but with a greater focus on cost accounting, financial planning, and management issues.
Job responsibilities can range widely. Depending on the company, your level of experience, the time of year and the type of industry, you could find yourself doing any of the following tasks:
- Handling taxes
- Managing assets to helping determine compensation and benefits packages
- Aiding in strategic planning
Management Accounting Career Path
|Entry Level||Mid Level||Senior Level|
|Type of Roles||Staff accountant, cost accountant, junior internal auditor, tax accountant||Accounting manager or senior accountant, senior internal auditor||Controller, director of accounting or finance, CFO|
|Getting There|| || || |
|Description|| || || |
*Depends on company size, specific job and location
Sources: Robert Half International; Bureau of Labor Statistics Occupational Outlook Handbook, 2014-15 Edition.