Certified management accountant (CMA)

Definition

A Certified Management Accountant (CMA) is a professional designation that signifies expertise in financial accounting and strategic management. This certification, awarded by the Institute of Management Accountants (IMA), focuses on budgeting, financial planning, cost management, and performance evaluation.

Related terms

Financial Accounting: The process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.

Strategic Management:

A methodical approach to planning and managing a company's strategies for long-term growth and success.

Cost Management: The process of planning and controlling the budget of a business or project with the aim of managing expenditures effectively