Certified Management Accountant - CMA


DEFINITION of 'Certified Management Accountant - CMA'

An accounting designation whose holder has formally demonstrated a mix of expertise in financial accounting and strategic management. This certification expands on financial accounting by adding management skills that help to make strategic business decisions based on financial information.

BREAKING DOWN 'Certified Management Accountant - CMA'

Entry to a Certified Management Accountant program requires a university degree. The program comprises a series of tests that participants need to pass to receive the designation. This accounting certification program is administered by an accounting association in each country, such as the American Accounting Association in the U.S. and the Canadian Academic Accounting Association in Canada.

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  3. Does working capital include salaries?

    A company accrues unpaid salaries on its balance sheet as part of accounts payable, which is a current liability account, ... Read Full Answer >>
  4. What is a profit and loss (P&L) statement and why do companies publish them?

    A profit and loss (P&L) statement, or balance sheet, is essentially a snapshot of a company's financial activity for ... Read Full Answer >>
  5. How do dividends affect the balance sheet?

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