Management accountants are mainly concerned with the collection, comparison and interpretation of a large variety of information and advice with regard to costs and cost trends, levels of performance and budgets. They aid managerial planning and commercial decision-making tasks by providing appropriate financial information and undertaking related accounts administration.
The provision of financial data is an important aspect of management success, and chartered management accountants turn ideas into money while providing management with advice on the profitability of various possibilities. Nearly every organisation needs the analytical, advisory and decision-making skills of a trained management accountant.
By applying their skills to the decision-making process, management accountants are vital members of any management team. They contribute to the management of organisations by identifying, presenting and interpreting financial and other information for strategy, decision-making and control.
Management accountants determine the organisation’s development and efficiency in a competitive market. They also assess the impact of change in organisations. Facts provided by management accountants serve as a basis for the determination of the feasibility of any enterprise. They calculate expenses and costs to determine pricing structures for goods and services. They may also give advice on matters such as labour compensation and remuneration.
Management accountants use computers to provide more in-depth information required by management for better planning, development and control. Organisations in every field make use of the knowledge of the management accountant in matters such as budget control, labour compensation, expense calculation, price determination, management guidance and many other fields where analysis and control of expenditure are necessary.
In general, the responsibilities of the job include preparing reports, budgets, commentaries and financial statements, undertaking financial administration and internal audits, liaising with managerial staff and other colleagues, developing and managing financial systems / policies, negotiating and obtaining finance for major projects, controlling income and expenditure and creating business strategies to generate shareholder value. Opportunities to work overseas may be offered by some employers.
Key skills are good oral and written communication skills, the ability to work as part of a team and excellent analytical and numerical abilities.
Abm University College, Adventist University of Central Africa, Arthur Portland College, BA ISAGO University College, Boston City Campus & Business College, Botho University, Botswana Accountancy College, Botswana College of Distance and Open Learning, Central University of Technology, Chinhoyi University of Technology, College of Cape Town , CTU, Damelin, Durban Computer College, Durban University of Technology , Great Zimbabwe University, Helderberg College NPC, ICESA City Campus, Imperial School Of Business and Science, Institute of Applied Sciences, Institute of Development Management, International University of Management, Jomo Kenyatta University of Agriculture and Technology, Jomo Kenyatta University of Agriculture and Technology (Tanzania), Kenyatta University, Kepler Kigali, Kigali Independent University, Kirinyaga University College, Limkokwing University of Creative Technology, Lyceum College, Machakos University College, Management College of Southern Africa (MANCOSA), Mangosuthu University of Technology, Masinde Muliro University of Science and Technology, Monash South Africa, Mount Kenya University, Mzumbe University, National University of Science & Technology, North-West University, Open University of Tanzania, Production Management Institute of Southern Africa, Regenesys Management, Regent Business School, Rosebank College, St. Augustine University of Tanzania, Strathmore University, Technical University of Kenya, Tom Mboya University College, Triumphant College, United States International University, University of Botswana, University of Cape Town, University of Dar Es Salaam, University of Eldoret, University of Johannesburg, University of Kigali, University of KwaZulu-Natal, University of Mauritius, University of Pretoria, University of South Africa, University of Stellenbosch, University of Technology and Arts of Byumba, University of Technology Mauritius, University of the Western Cape, University of the Witwatersrand, Vaal University of Technology, Walter Sisulu University