UNDERSTANDING BUSINESS (LL/ACCESS)
UNDERSTANDING BUSINESS (LL/ACCESS)
13th Edition
ISBN: 9781264671656
Author: Nickels
Publisher: MCG
Question
Book Icon
Chapter 17, Problem 1CE
Summary Introduction

To determine: The task performed, skills needed, pay and opportunity outlook of the career.

Introduction: Certified management accountant is an accountant whose responsibility is to certify the information and reports, prepared for the decision making of the managers.

Expert Solution & Answer
Check Mark

Answer to Problem 1CE

Certified management accountant is an accountant whose responsibility is to certify the information and reports, prepared for the decision making of the managers.

Some of the skill set required is bachelor’s degree, ICMA certification, business knowledge, detail orientation, writing and communication skills. The hourly wage rate in this career is $33.34 and annually it is $69,350. The career of certified management accountant is that it is projected to grow 10% from 2016 to 2026.

Explanation of Solution

Certified management accountant is an accountant whose responsibility is to certify the information and reports, prepared for the decision making of the managers.

The skill set which a certified management accountant requires is mentioned below:

  • A certified management accountant generally requires a bachelor’s degree.
  • Certification of ICMA by completing a series of examinations.
  • Understanding of the business.
  • Detail oriented.
  • Writing and communication skills.

The wage rate of an officer working in this career is:

  • Hourly wage rate- $33.34.
  • Annual wage rate- $69,350.

The career of certified management accountant is projected to grow by 10% from 2016 to 2026, which is faster than average.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Outline ways in which you as Management Accountant will contribute to the efficient and economic operation of the company.
What is financial accounting? How does it differ from managerial accounting? Why is this important to know?
What are the skills and qualifications required for a management accountants?
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning