18 Jul
Guidelines for Examinees - PCTME, July 2024
Read More
15 Jul
Exam Schedule - PCTME, July 2024
Read More
15 Jul
Presentation Topics - [PM6] Communication Skills - PCTME, July 2024
Read More

CMA Competency Framework

The Chartered Management Accountant has now become more of a business advisor with diversified vision ,who understands the dynamic of business as an organic whole, than being a typical "finance person". the CMA competency Framework shows the range of technical, finance,management,business skills that management accountants need to perform their role in the industries. The framework consists of five knowledge areas as under.

  • Management And Leadership
  • Governance, Laws and Ethics
  • Business Acumen and Decision Making
  • Reporting & Analysis
  • Technology and Innovations

Management and Leadership

Qualified CMAs have diversified skills in the field of Management accounting and Management. CMAs hold pivotal managerial positions in the corporate sector due to their competencies over the basic management functions, team motivation, resources optimization, strategic goals achievement and risk management. Management and leadership competency enables CMAs to:

Governance, Laws and Ethics

The CMAs have assumed the role of business advisors who understand the dynamics of Laws, Governance and other regulatory directives. These competencies are used by CMAs to help corporations run smoothly on practical, ethical and legal bases and establish a foundation for continued growth and success by interacting with regulators and other stakeholders. By acquiring Governance and Ethics competencies CMAs can:

Business Acumen and Decision Making

CMAs provide necessary information to management for taking short and long terms decisions in Corporate environment. These competencies give insight to analyse revenue channels, marketing activities, controlling, monitoring, bugeting and other finacial decisions in order to find the most profitable business model by curtailing cost in an efficient manner. The CMAs have competencies to:

Reporting & Analysis

CMAs are expert in evaluating financial transactions from book keeping to reporting of financial statements as per accounting and financial reporting standards. CMAs are proficient in analysis of financial statement for management and external stakeholders and also depict how a company is performing over a specific period of time. Under the Reporting and Analysis Competency, CMAs learn to:

Technology and Innovations:

To keep up with new technologies replacing many of the accounting skills traditionally in demand, CMAs need to refine and perfect their skills in a variety of areas. These Skills enable the CMAs to analyze, design and operate the information system, develop and maintain its security, perform system audit and innovate easier and optimum business solutions to align the organization’s data strategy to its business strategy in digital era. Technology and Innovation competencies enable CMAs to: