The Institute offers a number of education programs many of which are delivered and accredited by various universities internationally. Being a CMA means a commitment to a continuous professional development, and the Institute offers seminars, training and other development activities to assist members achieve this objective. For the industry and employer perspective, the Management Accounting 2020 program offers industry-based certification for best practice in decision information and control systems.
A management accountant applies his or her professional knowledge and skill in the preparation and presentation of financial and other decision oriented information in such a way as to assist management in the formulation of policies and in the planning and control of the operation of the undertaking.
The ICMA offers seven levels of membership with differing education and experience requirements:
Post Graduate Level:
- CMA - Certified Management Accountant
- AMA - Associate Management Accountant
- GMA - Graduate Management Accountant
- RBA - Registered Business Analyst
- RCA - Registered Cost Accountant
CAT - Certified Accountant Technician
The Institute is linked to the Institute of Certified Management Accountant (ICMA) of Australia. ICMA is a premier body of professionals practicing the science of management accounting. The ICMA was incorporated in 1996 under the patronage of Mr. William Dix (former Chairman of Ford and Qantas) and Professor John Miller (former Director of Consumer Affairs, Chairman of Pannell, Kerr, Foster and holder of numerous senior academic positions).
ICMA’s objectives are to provide a professional organization for management accountants; and to encourage, disseminate and promote the specialization in organizations in Australia, Asia, Europe, Africa and the Americas.