Certified Management Accountants Calgary

Certified management accountants in Calgary are accounting professionals who were awarded certification by an accounting body for their practice and competency in the field of management accounting. The Certified Management Accountants award is based on criteria that are set by the accounting association in the state or the country. At present, the Certified Management Accountants awards are being offered in the United States, Canada, Australia, and in other developed countries.

What certified management accountants do

A certified management accountant is different from a chartered accountant in Canada. The scope of the expertise of a certified management accountant is not the same as that of a chartered accountant (CA). The CA practice focuses on the creation of the financial reports for external entities including the investors, the capital markets, and the tax department of the government. On the other hand, a certified management accountant specializes in the measurement of internal costs and in creating accounting records and reports for management review.

To be a certified management accountant, a professional accountant must pass the standards of a professional accounting body such as the exams and experience requirements. Certified management accountants in Calgary are members of the Society of Management Accountants of Canada.

A certified management accountant in Calgary must possess skills in the fields of business analysis, strategic management, management accounting and reporting, and business applications. The certified accountant must show that he or she has the knowledge, the application, the comprehension, the synthesis, the analysis, and the evaluation skills of these four key areas of management accounting.