dcsimg

Management Accountant

Management accountants, also known as cost, managerial, industrial, corporate, or private accountants, assist in strategic planning or new-product development as members of executive teams. They record and analyze financial data, in order that their employers might make informed financial decisions. They prepare financial reports for nonmanagement groups such as stockholders, creditors, regulatory agencies, and tax authorities. They may also be responsible for budgeting, performance evaluation, cost management, and asset management. Management accountants work in different areas within an accounting department, including financial analysis, planning and budgeting, and cost accounting.

Job Skills

Due to the importance of their work being true and accurate, management accountants should have a high degree of personal integrity. They must also be good written and verbal communicators because they are constantly required to explain and interpret their work to clients. They need to be able to work with computer systems, including accounting software packages, and they need to be good at working with people. They also should have strong mathematics skills, and an ability to quickly analyze, compare, and interpret facts and figures.

Income

In 2002, management accountants earned a median annual salary of $47,000. Earnings ranged from the lowest 10%, who earned less than $30,320, and the highest 10%, who earned more than $82,730. The following shows the median annual salaries for the industries employing the highest numbers of management accountants:

  • Accounting, tax prep, bookkeeping, payroll services - $49,520
  • Management of companies and enterprises - 49,110

Training and Education

Most candidates for management accountant positions need to have at least a bachelor's degree to qualify. Some employers require a master's degree in business administration with an emphasis in accounting. Experience in the accounting field, such as through a college internship program can be very advantageous for applicants. Another advantage is knowledge of computer accounting applications. Job seekers can gain a unique advantage in the job market by becoming certified as a Certified Public Accountant (CPA). Most States require CPA candidates to have at least 150 college semester hours of accounting, but a few do not.

Candidates should carefully research the licensing requirements of the State in which they wish to be certified. However, all States use the same Uniform CPA Examination. The exam is rigorous, consisting of four parts spread over two days of testing. Candidates must usually pass at least two parts, and then pass the remaining parts over a specific period of time. CPAs can specialize even further by obtaining Accredited in Business Valuation (ABV), Certified Information Technology Professional (CITP), or Personal Financial Specialist (PFS) certifications. Management accountants can become a Certified Management Accountant (CMA) by passing a four-part exam from the Institute of Certified Management Accountants, and by having at least 2 years of working experience. Entry-level management accountants usually begin as cost accountants, junior internal auditors, or trainees for various other accounting jobs, and may advance all the way to financial vice-presidents, chief financial officers, or corporation presidents. Management accountants have a high degree of occupational mobility and may switch to public accounting or internal auditing.

Job Outlook

Between 2002 and 2012, the number of management accountants is expected to increase about as fast as the average. Growth will be due to factors such as an overall increase in the number of businesses, evolving financial laws, the growth of international businesses, and rising scrutiny of company finances. In the wake of recent accounting scandals and an increased awareness of financial crimes, the demand for forensic accountants is expected to rise. Job openings will also result from the need to replace workers who retire, transfer occupations, or leave the labor force for some other reason. The best job prospects will go to those who pursue and obtain CPA status. Those with a master's degree, or who specialize in areas such as international business, specific industries, or current legislation, will also have a large advantage.


Management Accountant Training

Refine School Matches
Hide filters
  • SUBJECT Clear All

    See More

  • DEGREE

    See More

  • PROGRAM TYPE

  • START TIME

    LOCATION
    Please enter valid US or Canada Zip.
            Results open in new window

            Searching Searching ...

            Matching School Ads
            Business Management & Accounting (AAS)
            • Offers several scholarship opportunities for students who qualify.
            • Laptop computers are issued to each student at the beginning of their program.
            • Provides programs in health care, business, information technology, and graphic arts.
            • Respiratory Therapy program is accredited by the Commission on Accreditation for Respiratory Care (CoARC).
            • Accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC).

            Our family of non-profit colleges admits students of any race, color, and national or ethnic origin.

            Show more [+]
            Accounting
            Good for Working Adults
            • Offers career programs in accounting, cosmetology, massage therapy, physical fitness training, and more.
            • Provides hands-on training led by instructors who have relevant, on-the-job experience.
            • Each campus features a public salon and spa for student practice.
            • Campuses are accredited by the Accrediting Council for Continuing Education and Training (ACCET) and Council on Occupational Education (COE).
            • 11 campuses across California, Texas, Nevada and Idaho, as well as 8 additional Milan Institute of Cosmetology campuses.
            Show more [+]
            • Flexible Scheduling
            • Financial Aid
            MS in Accounting
            • Liberty University’s online programs ranked in the top 10 out of more than 2,100 colleges & universities for academic quality, affordability, and accessibility.*
            • 100% online programs at associate, bachelor’s, master’s, and doctoral level.**
            • Transfer up to 90 credits into an undergraduate degree program.
            • Up to 50% of your master’s degree can be transferred in to help you get the most out of your hard work and maximize the credit you previously earned.
            Show more [+]
            • Accredited
            • Online Courses
            • Financial Aid
            • Transferable Credits
            Business Management and Accounting
            • Offers career placement assistance services to recent graduates.
            • Our short-term allied health programs will give you the skills and knowledge to become a part of the exciting health care field.
            • Programs include Medical Office Specialist, Medical Assistant, Dental Assistant and Healthcare Administration.
            • Accredited by the Accrediting Bureau of Health Education Schools (ABHES).
            • Main campus is located in Van Nuys, California, north of Los Angeles.
            Show more [+]
            • Flexible Scheduling
            • Financial Aid
            • Transferable Credits
            Accountancy with a concentration in General Accounting
            • Allows students to transfer credits from non-U.S. colleges and universities after evaluation.
            • Has students attend one class at a time to ensure easy access to faculty and a more hands-on education.
            • Its main campus is located in Fort Lauderdale, with campuses located throughout the State of Florida and internationally. 
            • Provides a Department of Student Services and Resources that assists students with résumé preparation, interviewing skills coaching, mock interviewing, professional development workshops, and more.
            Show more [+]
            • Online Courses
            Master of Accountancy

            Since 1888, The University of Scranton has grounded its education in Catholic and Jesuit principles based on intellectual growth and integrity, all of which shape the online master’s and certificate programs. You can choose one of five graduate degree programs from a selective institution ranked among the Top 10 Universities in the North and Top 20 Best Value Schools by U.S. News & World Report.

             

            The online, master’s degree curriculum is taught by highly credentialed faculty and reflects the same rigorous academic standards as the on-campus programs. Nearly all of The University of Scranton’s instructional faculty hold doctoral or other terminal degrees in their fields – so you can excel in yours.

            • Online Courses
            Master of Governmental Accounting (Online)
            • Ranked among the Best Business Schools in 2015 by U.S. News and World Report.
            • Ranked the #1 Public MBA program in the NYC region in 2014 by the U.S. News and World Report.
            • Educates about 4,500 undergraduate and graduate students per academic year at two campuses in New Jersey as well as five satellite locations in New Jersey and Singapore.
            • The only public university in New Jersey in the Association of American Universities (AAU), a group comprising of North America’s 63 leading research universities.
            Show more [+]
            • Online Courses
            • Accelerated Programs
            • Financial Aid
            • Transferable Credits
            MA Accountancy - Audit

            Become the leader you know you can be. The Forbes School of Business & TechnologyÒat Ashford University combines the power and flexibility of online learning with high-quality, topical Forbes content so you learn business fundamentals as well as keep current on business trends, triumphs, and tragedies.

            • Online Courses
            Master of Science in Accounting

            Work toward your graduate degree with New England College Online. We offer master's degree programs in management, accounting, and public policy that can be completed 100% online.

            • Online Courses
            B.S. in Accounting
            • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
            • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
            • About 800 students are enrolled at the main campus, and about half of them commute.
            • Online courses help make it possible for students to earn a bachelor’s degree in as little as 24 months and a master’s degree in 12-18 months.
            Show more [+]
            • Online Courses
            • Flexible Scheduling
            • Accelerated Programs
            • Financial Aid
            • Transferable Credits