Achieving the CMA designation can support you open your career path to a broad range of job opportunities. In fact, one of the best benefits of regular months of studying is the job possibilities after the CMA designation is made. Many forthcoming CMA candidates wonder what will be at the end of the CMA Exam lane, and are believing what professional development and job possibilities after the CMA strategy may look like.
If you’re examining the CMA Exam and regarding your future, here are five CMA accounting jobs that many prospects choose to pursue after earning the CMA tag. As you can see, each of these CMA jobs needs skills that are tested on the CMA Exam. With the multiple jobs out there, know that you can find work that matches your personal goods and that allows you to practice key CMA skills.
CMA designation job opportunities
Corporate controller
Controller schedules and directs all of the accounting functions at a given community and ensure that accurate financial statements are developed. Here are some of the main responsibilities of corporate controllers:
· Provide leadership reports for decision-making purposes
· Work with the organization’s external auditors
· Overlook the annual budgeting process
· Evaluate internal controls, and make modifications to improve controls
· Oversee tax compliance and regulatory problems
The financial statement, budgeting, and internal control cases on the CMA Exam are extremely useful for controllers to be discreetly familiar with. Working as a controller is a great way to understand everything about a certain industry, as you’ll be able to deep-dive into the financials of your company. You may assist make the corporate controller role a successful career after the CMA Exam.
A financial analyst role is slightly more about traditional accounting tasks and more about analysis and forecasting. You may perform an analysis for a corporation, or perform estimations for a money manager.
Financial analysts forecast earnings, expenses, and other important results for a business. They choose the company’s capital budgeting requirements and the financial impact of starting a new product line or purchasing a firm. They also select the rate of return for particular business decisions.
The CMA Exam protects corporate finance, risk management, and investment decisions, all of which are useful skills for a financial analyst.
Cost accountant
Practical cost accountants are hard to find, and you can provide a great value of value to a business in this role. These types of accountants determine cost standards for material, labor, and aloft costs in order to create allocations. They examine production costs and suggest changes to reduce costs and increase efficiency.
The budgeting, forecasting, and cost management topics on the CMA Exam are incredibly useful tools for cost accountants, as you’ll have to know these visions inside and out to work actually as a cost accountant.
Risk manager
Risk management has evolved a key role in every business organization. As companies face a number of regulatory and financial risks, businesses require experts to monitor and decrease risks before they appear to prevent any kind of liability. Risk managers must be able to effectively convey risk issues and solutions to the entire company. You can work as a risk manager in a type of industry.
Here are some necessary duties of risk managers:
· Examine the financial impact of business decisions
· Determine where firm risks exist, and build proper risk management systems
· Estimate the costs and legal requirements to adequately address risks
· Determine which types of insurance range should be in place to manage risks
Risk management professionals must understand internal controls, risk management, and decision analysis. Individually these topics are tested on the CMA Exam.
Chief Financial Officer (CFO)
As CFO, you are liable for all of the financial and accounting issues for a business. CFOs have this main duty in their daily workloads:
· Control the controller and all accounting-related staff
· Confirm that all transactions are posted, and that accurate financial statements are generated
· Supervise the process of identifying and correcting weaknesses in internal controls
· Analyze cash flow and capital expense plans to make educated business decisions
Being a CFO needs virtually all of the skills tested on the CMA Exam, with special emphasis on forecasting, risk management, and investment decisions.
Use the suitable resources to qualify for the CMA Exam
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