Management Accountant
Prepare and analyse financial data to aid strategic business decision making and cost management.
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In the last yearSalary
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Typical monthly salaryJob opportunities
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Jobs in Jobstreet right nowSalary
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Typical monthly salaryJob growth
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In the last yearOn this page
- What's it like to be a Management Accountant?
- How to become a Management Accountant
- Top skills and experience for Management Accountants
What's it like to be a Management Accountant?
Management Accountants provide information for planning and decision-making processes for the financial management of business and companies. They gather and analyse financial data, prepare budgets, evaluate company operations and suggest strategies for cost-efficiency and growth. In addition, Management Accountants often assist with strategic planning, financial forecasting and advising company leaders. They may work in various sectors, including private companies, public organisations or financial consultancies.
Tasks and duties
- Collecting, analysing and interpreting financial data and statistics relevant to an organisation's operations.
- Preparing financial statements and forecasting reports.
- Implementation and monitoring of internal budgeting, costing and financial management systems.
- Assisting management in making strategic decisions by offering insights from organisational data.
- Conducting risk analysis to assist in managing the economic and business exposure of a firm.
- Confirming financial compliance with regulatory bodies on an ongoing basis.
- Communicating financial insights and recommendations to non-financial colleagues and stakeholders.
How to become a Management Accountant
Aspiring Management Accountants need a bachelor’s degree in Accounting, Finance, or a related field. Acquiring professional certifications could also broaden your career prospects.
- Obtain a bachelor’s degree in Finance, Accounting, or Accounting Management to learn financial principles and accounting practices.
- At least two years of relevant experience would allow you to qualify for Accounting-related certifications.
- Register to become a Chartered Accountant of Singapore. It requires completing the Singapore Chartered Accountant Qualification.
- Consider taking other certifications, which may be mandatory for some companies. Your options include joining the Association of Chartered Certified Accountants or becoming a Certified Public Accountant, Chartered Institute of Management Accountants, or Certified Management Accountant.
- Join professional associations like the Institute of Singapore Chartered Accountants (ISCA) or the Singapore Accountancy Commission (SAC) for networking and continuous learning opportunities.
Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Management Accountant employers on Jobstreet are looking for job seekers with expertise in the following areas. Accounting
Management Reporting
Accruals
Financial Reporting
Forecasting
Fixed Assets
GST
Financial Analysis
Full Set Accounts
Petrochemical Industry
Settlements
General Ledger
Financial Statements
Invoicing
Group Management
Transfer Pricing
Report Preparation
Accounting Software
Accounting Standards
Accounts Payable
Source: Jobstreet job ads and Jobstreet Profile data
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