Editing Management accounting (section)

==Definition==
[[Image:IFAC Definition of MA.jpg|thumb|450px|IFAC Definition of enterprise financial management concerning three broad areas: cost accounting; performance evaluation and analysis; planning and decision support. Managerial accounting is associated with higher value, more predictive information.<ref>{{cite book |title=Evaluating and Improving Costing in Organizations (International Good Practice Guidance)|publisher=International Federation of Accountants |year=2009 |page=7 c|isbn=9781608150373 }}</ref> ''Copyright July 2009, International Federation of Accountants'']]
One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers.<ref>(Burns, Quinn, Warren & Oliveira, ''Management Accounting'', McGraw-Hill, London, 2013)</ref> In other words, management accounting helps the directors inside an organization to make decisions. This is the way toward distinguishing, examining, deciphering and imparting data to supervisors to help accomplish business goals.<ref>{{Cite journal |last1=Laosiritaworn |first1=Wimalin |last2=Bhuapirom |first2=Attapol |title=Ceramics Process Improvement with Material Flow Cost Accounting |url=https://web-p-ebscohost-com.wikipedialibrary.idm.oclc.org/ehost/pdfviewer/pdfviewer?vid=14&sid=8a50f566-2975-4bf1-b207-e22a99445471%40redis |journal=Proceedings - International Conference on Industrial Engineering and Operations Management |publisher=IEOM Society International |publication-date=2016 |pages=2601–2610}}</ref> The information gathered includes all fields of accounting that educates the administration regarding business tasks identifying with the financial expenses and decisions made by the organization. Accountants use plans to measure the overall strategy of operations within the organization.{{Citation needed|date=November 2022}}

According to the [[Institute of Management Accountants]] (IMA), "Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy".<ref>{{cite web |title=Definition of Management Accounting |publisher=Institute of Management Accountants |year=2008 |url=http://www.imanet.org/PDFs/Public/Research/SMA/Definition%20of%20Mangement%20Accounting.pdf |access-date=4 December 2012 |url-status=live |archive-url=https://web.archive.org/web/20161020120432/http://www.imanet.org/PDFs/Public/Research/SMA/Definition%20of%20Mangement%20Accounting.pdf |archive-date=20 October 2016 }}</ref>

Management accountants (also called managerial accountants) look at the events that happen in and around a business while considering the needs of the business. From this, data and estimates emerge. Cost accounting is the process of translating these estimates and data into knowledge that will ultimately be used to guide decision-making.<ref>{{cite web|url=https://www.myaccountingcourse.com/accounting-dictionary/management-accounting|title=What is Management Accounting? - Definition - Meaning - Example|website=myaccountingcourse.com|access-date=2 May 2018|url-status=live|archive-url=https://web.archive.org/web/20171006162414/https://www.myaccountingcourse.com/accounting-dictionary/management-accounting|archive-date=6 October 2017}}</ref>

The [[Chartered Institute of Management Accountants]] (CIMA) being the largest management accounting institute with over 100,000 members describes Management accounting as analysing information to advise business strategy and drive sustainable business success.<ref>{{Cite journal |title=How Management Accounting Drives Sustainable Success |url=https://www.cgma.org/community/DownloadableDocuments/How-management-accounting-drives-sustainable-success.pdf |archive-url=https://web.archive.org/web/20150226050507/http://www.cgma.org/Community/DownloadableDocuments/How-management-accounting-drives-sustainable-success.pdf |archive-date=2015-02-26 |url-status=live |journal=Chartered Global Management Accountant }}</ref>

The [[Institute of Certified Management Accountants]] (ICMA) has over 15,000 qualified professionals worldwide, with members in 50-countries. Its CMA postgraduate education program now is firmly established in 19 overseas markets, namely Bangladesh, Cambodia, China, Cyprus, Dubai, Hong Kong, India, Indonesia, Iran, Japan, Lebanon, Malaysia, Nepal, New Zealand, Papua New Guinea, Philippines; Singapore, Sri Lanka, Thailand and Vietnam.

To facilitate its educational objectives, the Institute has accredited a number of universities which have master's degree subjects that are equivalent to the CMA program. Some of these universities also provide in-house training and examinations of the CMA program. Accounting graduates can do CMA accredited units at these universities to qualify for CMA status. The ICMA also has a number of Recognised Provider Institutions (RPIs) that run the CMA program in Australia and overseas. The CMA program is also available online in regions where the face-to-face delivery of the program is not possible.