Role of Management Accountant

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The Management Accountants produced by the Institute, have met the requirements of the industry over the years and performed creditably in the assigned roles. Today, more than 60% ICMAP Members occupy top to middle management positions in industry, financial institutions, consultancy firms etc., as Chief Executive Officers, Managing Directors, Chairpersons, General Managers, Controllers, Directors of Finance, Company Secretaries, etc.

Organisations over the years have turned increasingly complex and the Management Accountants have enhanced their knowledge and sharpened their skills to meet the challenge of change, becoming more important players in the management decision-making. Their training, during this period, has been modified gradually to cover the best financial and business practices with information management skills.

In a business, the role of professional Management Accountants is like brain in the human body. It collects data, analyses it, plans for the future, puts in place an effective control mechanism and operates an emergency alarm system. This being so, the economy is greatly indebted to the contribution of professional Management Accountants.