How to get in to management accounting? The team at CIMA are here to help

CIMA

#1

Management accountants aren’t number crunchers (quite the opposite). You’ll find them in all types of organisations, in top positions, analysing trends and behaviours to make informed business decisions. Decisions like what the price per song on iTunes should be and when to release a promo code at ASOS.

Every top 100 global brand employs CIMA students and members. They know the CIMA qualification equips people with the skills and knowledge they need to be truly successful in business. CIMA has the power to enhance your degree, kick start your career, and improve your earning potential.

If you have questions about management accounting or want to learn more, post your questions and comments below.


#2

How would a management accounting role differ from a financial accounting role and is there some crossover? Thanks


#3

Hi Lucy, thank you for your question!

Roles can vary significantly depending on the company and sector, but broadly speaking management accounting includes financial accounting plus much more. Management accountants use data of all kinds, not just financial, to paint a complete picture of the business and use this to drive business success. Financial accountants tend to focus on past performance, in line with statutory reporting requirements. Management accountants tend to look to the future and play a vital role in developing dynamic solutions to help drive a business forward. Management accountants can work in all areas of a business, both inside and outside of the finance function. They could be a project manager, a management consultant, a finance director or even go on to become a chief executive.

Why not have a look at our case studies to find out more about what jobs CIMA students and members actually do and what sectors they work in: http://www.cimaglobal.com/Our-locations/UK/Case-studies/

We hope this answers your question, but if not please do post again or alternatively get in touch: www.cimaglobal.com/ukcontact


#4

Hi

I’m currently studying CIMA professional exams, my educational background has been mostly management as I have studied business management at university. I choose to study CIMA because of its attractive module combining both accountancy with management, operational and strategic skills.

However I have been searching for jobs, mostly within accounting firms and have had no luck due to most employers asking for ACCA rather than CIMA. My question is what industry or firms are more likely to take on management accountants? Also how does CIMA give me an advantage of landing a management accountancy or accountancy based job? or how attractive is such a course to employers?


#5

Hi Mustafa, thank you for your question!

Great to hear you are studying CIMA, what stage are you at in your studies?

When you qualify as a chartered management accountant through CIMA you will be fully prepared for a business leadership role in any kind of organisation or industry, helping to shape strategies and make financial decisions. As a management accountant through CIMA you will be equipped with the skills needed to use data of all kinds, not just financial, to paint a complete picture of the business and use this to drive business success. Financial accountants tend to focus on past performance, in line with statutory reporting requirements, whereas management accountants look to the future and play a vital role in developing dynamic solutions to help drive a business forward.

Currently CIMA work with all 100 of the top 100 global brands and have over 4,000 training partners showing that for many employers CIMA is the qualification of choice.

Please take a look at CIMA’s online job portal My Jobs (http://myjobs.cimaglobal.com/) for the latest roles. We wish you all the best with your job search and please do not hesitate to get in touch again if you have any more questions.


#6

Hi,

I will be sitting the CO5 certificate level next month and move on to the first professional level exam E3Strategic Management from there. I have looked on the CIMA my job section I have found a lot of management accountant role however I do not have any experience in accounting firms as I am trying to find an entry level position where I can be trained, do you have any advice in areas I should be applying?


#7

Hi,

You can find a list of employers who train their staff through CIMA and apply directly to them at www.cimaglobal.com/trainingpartners


#8

Hi

i have recently passed my gateway exam, and so have an advanced diploma in management accounting. i have zero experience however working in an accounting firm. how do i make myself more employable as most firms require experience?

Regards


#9

There seems to be a number of options available to work towards a career in accountancy. My initial research has narrowed my options down to ACA, ACCA or CIMA but I am struggling to make a decision on which to go with. What are the key differences? If anyone could sum this up for me, that would be a big help.


#10

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#11

The main difference between CIMA and ACCA is his home. The decision to study CIMA or ACCA is probably based on their long-term career ambitions, since each weapon with you different skills and knowledge.

If you are looking to start a career focusing on business, then CIMA courses are a good match. You will qualify as a Certified Management Accountant to prepare for a leadership role now. With full CIMA qualification under your belt, you can assume a greater variety of roles in any organization or industry, helping to develop strategies and make financial decisions.
while ACCA members focus on the financial level. ACCA members practice private.

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#12

Management accountants are responsible for managing a company’s finances. They look after a company’s accounts. According to the same study, cost accounting managers are projected to earn to the company are collected and that bills for the company’s expenses get paid.
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