responsibility for the fair presentation in the financial statements of financial position and results of operation and cash flows in conformity with generally accepted accounting practices
DISTNGUISH between finance, management accountant and financial accounting
certified management accountant (CMA) and the certified in financial management (CFM)
financial accounting and cost accounting
Cost accountant is part of Management Accounting. General Accountants are are mostly relevant to Financial Accounting
1 - Cost Accountant2 - Financial Accountant3 - Management Accountant4 - Charatered Accountant5 - Public Accountant6 - Book keeper
if only accountant: Chief Accountant / Financial Controller if qualified in financial management as well: CFO
There are three type of Accountants: 1 - Financial Accountants 2 - Cost Accountant 3 - Management Accountant Management Accountant is a person who helps the management in the decsion making process of daily working activities by providing relevent data and analysis and helps management in every aspect of business activities and provide the analysis of financial implications of different decisions made by management and help to choose most benefitial decision and ways to manage business.
The certified management accountant (CMA) and the certified in financial management (CFM) programs are designed to recognize the unique qualifications and expertise of those professionals engaged in management accounting and financial management.
A management accountant performs various tasks to ensure their company's financial security. Their role involves handing all financial matters. Duties may vary depending on the company but can include handling taxes, budgeting, and managing assets.
the roles of financial accountant
There are many advantages of being a certified management accountant. Some of the advantages and benefits of being a certified management accountant include job opportunities, career advancements, good pay, membership in professional networks, and mobility. Being a certified management accountant allows many to excel in budgeting, control, decision support, financial planning, and forecasting.
The certified public accountant (CPA) prepares--compiles--financial statements based on information supplied by the company's management.