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Certificate in Management Accounting

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Management Accounting


About Management Accounting
Management accounting focuses on all accounting aimed at informing management about operational business metrics. It uses information relating to the costs of products or services purchased by the company. Budgets are often used to quantify the decisions made in operational planning. Management accountants use performance reports to note variances between actual results from budgets.

Why is Management Accounting important?
Management Accounting provides various benefits as
•    Planning - In management accounting, the financial information and non-financial information are presented at regular intervals say weekly, fortnightly to the management. This presentation includes forecasts, budgets, and in-depth analysis. Hence it assists the management in planning the business activities.
•    Decision making - Since management accounting presents various charts, forecasts, and analyses the management uses it for decision making.
•    Identify early signs of problems - If a product is not performing well the management can identify it early on as the accounts are presented at regular intervals. This will aid in overcoming the constraints early on and avoiding future losses.  

Who should take the Management Accounting Exam?
•    Finance and accounting professionals
•    Innovators
•    Anyone who wants to assess their skills
•    Managers and senior executives
•    Accounting consultants
•    Any professional engaged in the operational management of the company

Management Accounting Certification Course Outline
1. Introduction to Management Accounting
2. Standard Costing
3. Budget, Budgeting and Budgetary Control
4. Performance Measurement
5. Control Management
6. Performance, Schedule and Cost of Projects
7. Earned Value Management


Certificate in Management Accounting FAQs

You can directly go to the certification exam page and register for the exam.

You will be required to re-register and appear for the exam. There is no limit on exam retake.

There will be 50 questions of 1 mark each

No there is no negative marking

You have to score 25/50 to pass the exam.

The result will be declared immediately on submission.

It will be a computer-based exam. The exam can be taken from anywhere around the world.