Management accounting is mainly for what use

Management accounting (Management?Accounting), also known as "Internal Reporting Accounting", refers to the goal of improving the economic efficiency of the enterprise, and through a series of specialized methods, the use of a variety of information for processing, organizing and reporting, so that the management at all levels of the enterprise can plan and control the economic activities that occur on a daily basis, and help decision makers make a variety of specialized decisions. The management of the enterprise at all levels can be based on the daily occurrence of the economic activities of the planning and control, and help decision makers to make a variety of specialized decision-making a branch of accounting.

In the core concept of management accounting, value creation and maintenance are the two most important points. Based on this, management accounting is the most effective tool for the integration of corporate strategy, business and finance.

The difference between it and traditional financial accounting is that:

Management accounting focuses on business operations, faces the future, and performs the functions of forecasting, decision-making, planning, controlling, and appraising, while traditional financial accounting focuses on reviewing the past, and performs the functions of reflecting and reporting on the results of the enterprise's operations and its financial position. The users of financial accounting are investors, creditors and other relevant organizations outside the enterprise; management accounting is more for the enterprise's own services, and its users are managers at all levels within the enterprise.

Management accounting can combine financial accounting data with various economic laws to help company management make better decisions; it can consider and solve problems from multiple perspectives of modern business, such as from the initial setting of business management objectives to improving operating profits, developing production scale, and implementing market strategies. The focus of management accounting is to interpret and analyze data and apply it to business decisions.

Promoting the development of enterprises, management accounting performs the following functions for enterprises:

-Providing financial analysis for non-financial management of enterprises

-Providing reference advice for project managers from a financial perspective

-Providing reasonable opinions on the financial impact of the management's decision-making and providing feasible solutions

-Developing strategic decisions and fixing the business model, creating wealth and adding value to the enterprise. Creating wealth and adding value to the business

-Monitoring corporate expenditures and maintaining the effectiveness of financial controls

-Risk management and control

-Cost management and control

-Evaluating the performance of the financial information system and providing recommendations for improvement

-Managing the internal audit function and providing regular reports on the financial information for the company's management

-Analyze the impact of the competitive environment on the business

Management accounting is also divided into different tiers, what kind of tier often corresponds to what kind of development prospects. And the Certificate of Management Accounting Talent is an important way to enhance the professional level of management accounting and expand your horizons.

Taking the Chartered Global Management Accountant (CGMA) as an example, it is a management accounting title jointly launched by the Royal Institute of Chartered Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA), which are two of the world's most influential accountants' organizations.The CGMA certificate is designed to globally promote the development of the science of management accounting, to support management accountants in the enterprise and to help them provide value to their organizations, as well as to help management accountants better develop their careers globally!

As the most widely held management accounting title in the world, the GGMA represents the global standard of quality in management accounting and is a status symbol for senior financial management professionals. CGMA holders will also have more industry resources, more professional support, and greater expansion of career development opportunities.

Management accountants are familiar with both finance and business management, so they can basically be qualified for all management positions.

CGMA Global Chartered Management Accountants hold more than 50 different types of positions throughout the various functional departments of an organization, from president, chief financial officer, secretary to the board of directors, chief operating officer, chief information officer, down to systems analysts, strategic analysts, financial analysts, purchasing managers, human resources managers, internal auditor, treasurer, branding, and even negotiators, supply chain controllers, sales directors and so on. director, etc.