Magazine article Strategic Finance

From Management Accountant to CMA

Magazine article Strategic Finance

From Management Accountant to CMA

Article excerpt

I would like to share the story of my journey from being a management accountant to becoming a CMA.

In 2004, I had completed 14 years as a management accountant in my family-owned medium-sized auto ancillary business in Chennai, India. It was then that I decided to enroll in the Certified Management Accountant (CMA[R]) program. My decision to enroll and to sit for the examination was based on the fact that I had just completed an MBA degree, and the CMA program seemed similar to it. I also liked the material contained in the CMA exam body of knowledge. I passed the four parts of the examination in 2007, and I became a CMA in early 2008. There were significant changes in both my professional and personal development during the process of becoming a CMA and afterward.

Here are some of the ways I developed professionally after obtaining my CMA certification:

1. Seeing both the forest and the trees: Being a CMA has developed in me the ability to look at both the micro and macro issues relating to management accounting simultaneously. For example, when I make or view any single journal entry in accounting, I instantly know its impact on the entire financial statements.

2. Realizing the strategic intent in every decision I make: Being a CMA has made me conscious of the strategic intent in every decision I make. In other words, it has made me conscious of the value I add to my workplace every day. Being a CMA has taught me to measure the value I contribute through every decision. …

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