University of San Agustin

General Luna St., 5000 Iloilo City, Philippines

www.usa.edu.ph
COLLEGE OF COMMERCE

Research Paper on the Requirements

to be a Certified Management Accountant

in Australia

Submitted by:

de la Cruz, Gea Nelcy B.

Espino, Vince F.

BSMA 2-B

Submitted to:

Dr. Rex L. Carton, CPA, RN, USARN, LIA, MBA, REB, REA

March 2024
 University of San Agustin
General Luna St., 5000 Iloilo City, Philippines
www.usa.edu.ph
COLLEGE OF COMMERCE

Introduction

Management accountants are considered the business strategists of the accounting world.

They focus on using financial data to predict future performance and make choices that benefit

the company's long-term success. Their skills come from a wide range of areas like data analysis,

budgeting, and even marketing, making them well-rounded business partners. CMA Australia,

also known as Certified Management Accountant Australia, is a designation offered by the

Institute of Certified Management Accountants (ICMA), a separate organization from the US-

based Institute of Management Accountants (IMA) that offers the CMA certification.

Earning the Certified Management Accountant (CMA) certification is a prestigious

accomplishment for business leaders. It showcases your expertise in financial management and

strategic decision-making. While potential employers and clients may value the CMA, it's just one

factor they consider. Ultimately, your achievements, leadership skills, and ability to deliver results

will hold the most weight in their evaluation.

Updates on CMA in Australia

Offered by the Institute of Certified Management Accountants (ICMA), the CMA Australia

program strengthens participants' analytical and evaluation capabilities in strategic cost

management, business analysis, and account management. However, participation is limited to

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specific membership categories within the ICMA, including students, graduates, and associates.

While the CMA certification holds value in the Australian private sector, it's important to note that

its recognition is primarily within this domain. This means that for business professionals seeking

career advancement in Australia, the CMA can be a worthwhile credential.

How to take the CMA in Australia

One must have a degree in Accounting, Commerce or Finance, or an MBA (Master of

Business Administration), from a recognized university or Professional Qualification in Accounting.

Applicants having other degree equivalent qualifications will also be considered on a case-by-case

basis and may be asked to complete specific Graduate Conversion subjects prior to being admitted

to the CMA program. Prospective students may be required to undertake further studies and/or

assessments by Recognized Provider Institutions (RPI) in different regions prior to undertaking

the CMA program. [NOTE: CMA membership requires the successful completion of the CMA

Program (2 post-graduate level subjects)] and 5 years business experience.

Requirements and Qualifications

All Institute of Certified Management Accountants (ICMA) members must have a relevant

accounting degree or equivalent before undertaking the Certified Management Accountant (CMA)

professional program. Upon qualifying, the member must possess 5-years of relevant experience
 University of San Agustin
General Luna St., 5000 Iloilo City, Philippines
www.usa.edu.ph
COLLEGE OF COMMERCE

to become a CMA. A management accountant applies his or her professional knowledge and skill

in the preparation and presentation of financial and other decision-oriented information in such a

way as to assist management in the formulation of policies and in the planning and control of the

operation of the undertaking.

Conclusion

In conclusion, those looking to make a name for themselves in the management

accounting industry may find that obtaining CMA certification in Australia is a wise investment. It

provides prospects for professional growth, networking advantages, worldwide mobility, ongoing

education, job security, and a dedication to moral principles. Before choosing a choice, people

should carefully evaluate their professional objectives as well as the prerequisites for earning and

keeping their CMA certification.

 University of San Agustin
General Luna St., 5000 Iloilo City, Philippines
www.usa.edu.ph
COLLEGE OF COMMERCE

References

CMA Australia – Institute of Certified Management Accountants. CMA Australia.

https://cmaaustralia.edu.au/.

CMA USA And CMA Australia: Is Cma Usa Recognized In Australia?. Northstar Academy. (2023,

December 29). https://blogs.northstaracad.com/cma-

australia#:~:text=CMA%20USA%20professionals%20are%20in,Australia%2C%20especially%

20in%20private%20organizations.

Entry requirements. CMA Australia. (2023, April 1). https://cmaaustralia.edu.au/education/entry

requirements/#:~:text=Management%20Accountant%20(AMA)-,Degree%20in%20Acco

unting%2C%20Commerce%20or%20Finance%2C%20or%20an%20MBA*,or%203%20

years%20 relevant%20 experience.

FAQ. CMA Australia. (2022, August 2). https://cmaaustralia.edu.au/faq/#:~:text=All%20

ICMA%20 members%20 must%20have,experience%20to%20become%20a%20 CMA.