What does a Management Accountant do?
Management accountants analyze a company's historical financial data to assist in estimating future costs and revenues and create budgets and internal reports used to make business planning decisions. They gather and analyze financial information for internal use and support budgeting and funding while assisting the company in managing its investment portfolio. Management accountants assume accounting procedures responsibility and evaluate their performance using key data including income, overhead, or investments.
Management accountants forecast to assist in business planning and decision-making procedures, conduct risk assessment, and advise companies on better ways to minimize their risk. They advise companies of issues and problems and suggest relevant improvements, and sometimes supervise lower-level personnel. As strategists and decision-makers, management accountants contribute to management’s decision-making process, ensuring business growth alongside long-term success. Management accountants need a bachelor's degree in accounting, finance, or related fields.
How much does a Management Accountant make?
Management Accountant Career Path
Learn how to become a Management Accountant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Management Accountant Insights
“I was misled and no support or consideration was offered efficently as a new starter.”
“I wasn't given the tools I needed to be successful in the role such as training and support.”
“Furniture Village has a great working environment which gives you scope to further develop your career.”
“In order to do this Ametek have provided me with endless training and development opportunities to steer me on the right track for career progression.”
“Compensation is good and motivating”
“The best team of people that will always support you in all your everyday tasks and your personal development.”
“Good good good good good”
“Not good salary that convinient with work and effort i do”
Management Accountant Interviews
Frequently asked questions about the roles and responsibilities of a Management Accountant
- Accounting Manager
- Cost Accountant
- Project Accountant