Diploma in Management Accountancy (for Members only)​

About the Course:

Management Accountancy is the study of managerial aspect of accounting. It is that system of accounting which helps the management in carrying out its function more efficiently and effectively. The complexities of business environment have necessitated the use of management accounting for proper planning, coordinating, decision making and controlling functions of management. Management accountancy is the process of identification, measurement, accumulation, analysis, preparation, interpretation and communications of financial information used by management to plan, evaluate, and exercise control within an organisation and to assure the appropriate use of and accountability for its resources.

This diploma course is an advanced knowledge module that aims to develop further proficiency in various facets of management accounting activities of CMAs in various organisations.

Learning Outcomes:

On successful completion of the course, the CMAs will become proficient and experts in their role as Management Accountants in their respective organisations in the following manner:

• Assisting management in planning and forecasting by way of furnishing proper information to the management.
• Modifying accounting information as per requirement of the management.
• Analysing and interpreting financial data and providing guidance to the management about alternative courses of action.
• Assessing the performance of every department of the organisation by applying various techniques and reporting for the benefit of different levels of management.
• Acting as the coordinator among different departments through budgeting, budgetary control and variance reporting.
• Assisting management in taking strategic decisions by way of supplying analytical information on various alternative courses of management actions.
• Feeding information to the different levels of management in time for increasing efficiency of management and participating in the management process.

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