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The Premier Institutes Offering Management Accounting Courses

Management accounting is one of the most important fulcrums of any organization that is keen on expanding and is very much concerned about the whereabouts of its finances. The management accounting is very much an intrinsic part of an organization that is not at all accountable to any of the accounting guidelines by law. The financial reports prepared by the management accountant are meant only for the internal managers and the other decision makers. Infact the decisions the company makes regarding its future plans as well as expansion are based solely on the reports prepared as well as the information provided by the management accountants. Considering the highly important and crucial role of the management accountants, it is necessary that the person who is selected for the job is well qualified as well as has all the attributes that the designation desires.

There are many management accounting courses that are offered by various bodies across the world.

a) Chartered Institute of Management Accountants (CIMA): This body of accountancy is the UK based accounting body. The body is the largest accounting body in the world today and offers various courses in the field of management accounting. The major agenda of the organization is to further augment the profession of management accounting as well as prepare the candidates who wish to have a career in the field of management accounting. The CIMA is recognized as the professional accounting body in its native country and is also recognized in many other countries as well. The management accounting courses offered by the CIMA are aimed at education, training, management development operations, the promotion of the new management accounting techniques through research, and various media related activities. It offers management level qualifications to its students that would help them in carrying there responsibilities efficiently.

b) American Institute of Certified Public Accountants (AICPA):   The American Institute is one of the premier bodies that offer various management accounting courses to its members in the USA as well as the other countries. This institute conducts the exam known as the Uniform Certified Public Accountant Examination, on the qualification of which the degree of CPA is awarded to the candidate.

c) Institute of Management Accountants: This institute is another major institute in the world offering management accounting courses. The primary aim of this institute is to popularize the management accounting profession all across the globe. The certificate program offered by the institute is known as the Certified Management Accountant that covers the subjects like business applications, business analysis, management accounting and reporting, strategic management, and business analysis.