The certified management accountant, commonly referred to as a Cma, is a highly sought-after professional in Canada. These skilled individuals not only help the upper echelons of businesses and public organizations alike ensure that their financial reporting and management systems are functional, efficient and in line with company, industry and government standards, they also provide essential accounting-related insight to board members and senior managers to aid with the crucial process of strategic decision-making.
Common duties for individuals holding this certification include compiling and maintaining the employer’s financial records, conducting audits and helping with the preparation of financial statements and tax reports in order to determine methods for minimizing spending and budgeting efficiently.
Official certification is awarded by Cma Canada and those bearing this title can start earning about C
$40,000 for entry-level positions. Some individuals are able to work their way into more prestigious positions such as a controller, senior analyst, finance manager or director, which all fetch salaries from C
$50,000 to more than C
$100,000 a year.