 | | | What is management accounting? | | | | Management accounting combines accounting, finance and management with the leading edge techniques needed to drive successful businesses. | | Chartered Management Accountants: | | |  | advise managers about the financial implications of projects |
| | explain the financial consequences of business decisions |
| | formulate business strategy |
| | monitor spending and financial control |
| | conduct internal business audits |
| | explain the impact of the competitive landscape |
| | | | | | The management accounting skillset: | | Our members are qualified to work across an organisation, not just in finance. Because in addition to strong accounting fundamentals, CIMA teaches strategic business and management skills: | | | | Analysis - they analyse information and using it to make business decisions. |
| | Strategy - they formulate business strategy to create wealth and shareholder value. |
| | Risk - they identify and manage risk |
| | Planning - they apply accounting techniques to plan and budget. |
| | Communication - they determine what information management needs and explain the numbers to non-financial managers. |
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