The CMA program is a globally recognized program of the Institute of Certified Management Accountant (ICMA) of Australia that grants the CMA designation to the successful management accounting professionals in the Philippines and abroad.
The CMA program focuses on developing skills of analysis and evaluation in the area of strategic cost and management practices while learning the organizational decision-making and communication skills essential for today’s successful management accounting professionals.
The aim of CMA program is to further develop skills of analysis, evaluation and synthesis in the areas of cost and management accounting for associate members and, in the process, create an awareness of some current developments in the profession.
The program can only be taken by a candidate who has met the prerequisite entry requirements of the program. It is not designed as one in which highly structured methods and rules are applied to various topics in order to find one “correct” solution or answer for problems or issues. Rather, it is more a possibilities quest, in which various controversial conceptual and practical issues will be reviewed and analysed, with due recognition to the reality of alternative value judgement. Given the history of recent developments in the profession and business practices, this approach to the study of the subject of management accounting is considered feasible and warranted.
Furthermore, evidence is available that in managerial accounting, procedures continue to evolve and develop. Much of this dynamic activity is in response to changing business practices and policies and the complexity of modern firms.
The CMA program is offered globally and recognized by number of universities as equivalent to two graduate-level managerial accounting courses in their Masters degrees.