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What do Management Accountants do?

Job Descriptions August 8, 2013

Management accountants are also known as corporate accountants, who work within a certain company. The management accountant’s role is to perform a series of tasks to ensure their company’s financial security; they handle all of the company’s financial matter. Thus, help drive the company’s overall strategy and management.

Management accountants are key figures in determining the success and status of a company. Depending on the individual, some may choose to become a CMA (Certified Management Accountant), which has similar credential to a CPA (Certified Public Accountant), but with a greater concentration on management issues, financial planning, and cost accounting.

Management accountants’ job responsibilities may range widely. Depending on the type of industry, the time of year, your level of experience, and the company themselves; you might find yourself doing any of the following tasks:

• Aiding in strategic planning
• Managing assets to help determine benefits and compensation packages
• Handling taxes
• Budgeting

Management Accounting Career Path

Entry-Level Mid-Level Senior-Level
Type of Roles • Tax accountant
• Junior Internal Auditor
• Cost Accountant
• Staff Accountant
• Senior Internal Auditor
• Senior Accountant
• Accounting Manager
• Chief Financial Officer (CFO)
• Director of Accounting
Controller
How to Get There • Strong technology Skills (Particularly in Microsoft Excel)
• Bachelor degree in accounting or finance
• Certified Management Accountant (CMA)
• Certified Public Accountant (CPA)
• Master of Accountancy (MAcc)
• MBA with a focus on accounting
• MAcc – and/or CMA or CPA Certification
• Graduate Degree (MBA)
• Knowledge of the industry and United States
• Accounting Principles
• Solid Management Skills
Track record of leadership and excellence in the field
All mid-level requirements
Description • Prepare reports for the controller’s department
• Help in the budget department
• Do tasks involving payroll and receivables, compliance audits, and financial statements
• Work under a senior manager or accountant
• Help manage the general ledger
• Complete and review tax returns
• Supervise accounting staff
• Help create company budgets
• Prepare and/or analyze monthly financial information
• Assess internal controls
• Prepare financial statements
• Manage relationships with auditors and investors
• Build business strategy
• Perform financial analysis
• Maintain budget
• Oversee, train, and hire staff
• Coordinate accounting operations
• Responsible for part or all of a company’s transactions, actions, and financial status

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  • Program options include Accounting, Business Administration, Leadership, and more.
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Searching Searching ...

Matching School Ads
5 Program(s) Found
  • Online degrees offered include BA in Accounting, BA in Business Administration, MBA, and more.
  • Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
  • Courses help students develop knowledge of marketing, accounting, economic principles, and financial management.
  • Business Administration students can specialize in areas such as Entrepreneurship, Finance, and Project Management.
  • Online Courses
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
  • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
  • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
  • Offers over 230 programs online, from the certificate to the doctoral level.
  • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
Show more [+]
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
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