Question

In your first discussion, you will consider the professional relevance of managerial accounting.

In your initial post, briefly research career opportunities that require knowledge or experience with managerial accounting. List at least two potential positions (including a link to the job posting or job description) that you personally found to be interesting or surprising, and explain why they were noteworthy to you.

Answer 1

Managerial accounting information is primarily forward-looking, it is computed by reference to the needs of managers, often using management information systems.Management accountants are seen as the "value-creators" amongst the accountants. They are more concerned with forward looking and taking decisions that will affect the future of the organization.

Professional Relevance of Managerial Accounting or Management accouting :

Management accounting extends to the following three areas:

1.Strategic management — advancing the role of the management accountant as a strategic partner in the organization

2.Performance management — developing the practice of business decision-making and managing the performance of the organization

3.Risk management — contributing to frameworks and practices for identifying, measuring, managing and reporting risks to the achievement of the objectives of the organization

The Institute of Certified Management Accountants (CMA) states, "A management accountant applies his or her professional knowledge and skill in the preparation and presentation of financial and other decision oriented information in such a way as to assist management in the formulation of policies and in the planning and control of the operation of the undertaking".

Attaining professional qualificaitons such as

• CIMA
• ICAI-CMA
• CMA

Or other qualificaitons such as CA, CPA, would render requisite knowledge in managerial accounting

Career opportunities with knowledge or experience in mangerial accounting :

Careers may range from cash management accountant , internal audit managers, budget analyst, financial analyst, cost accountant , corporate controller / treasurer, to cheif financial officer of company.

Few Potential positions would be :

1.Management Accountant

Required for a delhi based consultancy firm, permanent job with 3year experience.

https://www.naukri.com/job-listings-Mangement-Accountant-Next-World-Immigration-Services-Associates-New-Delhi-India-Australia-Hong-Kong-Canada-1-to-4-years-021015001303?src=seo_srp&sid=15301838686231&xp=9&px=1&qp=management%20accountant&srcPage=s

Position seems noteworthy as it provides opportunity to migrate to countries like Australia , Hong Kong , Canada. Also it is a well establised company on which we can rely upon to choose for our career and improving knowledge as well.

2. Assistant Manager

for the post of assistant manager for Dr. Reddy's Laboratories

https://www.google.com/search?q=cma+jobs&ie=utf-8&oe=utf-8&client=firefox-b-ab&ibp=htl;jobs#htidocid=8lDNNxPNyVo9CNNTAAAAAA%3D%3D

This is a multinational pharmaceutical listed company, offering the post,one can endure good career in the company with requisite knowledge in the field , also the pay allowances are quite good .