Overview
Management Accountants provide services relating to performance-based financial reporting, asset valuation, budgetary systems, cost management, pricing, forecasting and the strategic governance of organisations.
Day-to-day
- assists in formulating budgetary and accounting policies
- prepares financial statements for presentation to boards of directors, management, shareholders, and governing and statutory bodies
- conducts financial investigations, prepares reports, undertaking audits and advises on matters such as the purchase and sale of businesses, mergers, capital financing, suspected fraud, insolvency and taxation
- examines operating costs and organisations' income and expenditure
- provides assurance about the accuracy of information contained in financial reports and their compliance with statutory requirements.
To become a Management Accountant
The minimum qualification for an Accountant is a diploma of accounting, however, the majority complete a bachelor degree in accounting or a related field majoring in accounting. Qualified and registered Accountants can specialise as Management Accountants by completing a Certificate of Business Accounting through the Charted Institute of Management Accountants.
Registration with one of Australia's three peak accounting bodies is required.
Skills employers are looking for
