Management Accountant
Management Accountants are futurists who drive business strategy to generate and preserve value.
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What's it like to be a Management Accountant?
Management Accountants are responsible for the sourcing, data analysis, communication and use of financial and non-financial information to make decisions that will affect the future of an organisation.
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Combining skills in accounting, finance, management and business, Management Accountants assist in improving profitability and growth for firms and organisations.
The job responsibilities of a Management Accountant may vary widely depending on the place of employment and role within the company.
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What can I earn as a Management Accountant?
Find out the average salary for a Management Accountant across Australia
Latest Management Accountant jobs on SEEK
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How to become a Management Accountant
A bachelor's degree in the field of accounting is the most common requirement to work as an accountant, and a bachelor-level degree is required to be eligible for entry into any of the three professional accounting bodies that regulate and accredit the accounting industry in Australia.
- Complete a qualification in the field of accounting. Courses such as a Bachelor of Accounting or a Bachelor of Commerce are generally three-year courses, open to anyone over 17 years who has completed year 12 with an appropriate Universities Admission Index.
- Complete a CIMA (Chartered Institute of Management Accountants) Certificate in Business Accounting. If you have a relevant degree like accounting or business, you may be entitled to exemptions from some CIMA exams, which will allow you to progress onto the professional qualification sooner.
Complete the CIMA Professional Qualification. The length of time this takes will depend on previous study and exemptions, however if you hold a masters or MBA in accounting, you'll just need to pass the CIMA gateway exam, which is a three-hour computer-based case study exam.
Once you have completed the CIMA Professional Qualification, you will be awarded the Chartered Global Management Accountant (CGMA) designation.
- There are numerous opportunities for management accounts; consider becoming a finance director, chief executive, management consultant or running your own business.
Explore related qualifications
SEEK users who have worked as a Management Accountant have studied these qualifications.
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Bachelor of Commerce
This degree prepares you for a range of roles in the accounting, economics, finance and business industries, depending on the specialisation chosen.
Bachelor of Accounting
This degree will prepare you for employment in a range of professional roles in the Accounting industry.
Bachelor of Business
This degree will help to build a foundation in business studies. There may also be the option to specialise in one or more fields of business.
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Is Management Accountant the right role for me?
Working hours for Management Accountants
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Weekends
Shift work
Late nights
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Latest Management Accountant reviews
Latest reviews from 13 Management Accountants surveyed on SEEK
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Management Accounting is stressful but also helps your grow professionally
Reviewer's Qualification
Master of Accounting
Experience
1 – 4 years
Organisation size
Large (200+ employees)
Specialisation
Management accounting
The good things
1. You’ll develop your critical thinking, multi tasking and stakeholder management skills
2. You’ll get a chance to make lots of reports which help you know the business a lot better and also develop...
The challenges
1. Constant stress from numbers: you need to get numbers right! Especially if your reports are reviewed by senior managers and even CEOs and your raw data is from the more junior people who may make m...
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Management accounting can be a challenging role but it will make you an outstanding accountant and business professional.
Reviewer's Qualification
Master of Professional Accounting (CPA)
Experience
Less than a year
Organisation size
Medium (20-199 employees)
Specialisation
Management Accounting
The good things
Having to think critically and analytically, understanding the roots of the business and what happens operationally to understand what is happening transactionally and how to improve.
The challenges
Always a new challenge to overcome to comply with reporting requirements
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Source: SEEK Role Reviews
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