Experience

  • For Certified Management Accountant membership - five years approved experience in a senior and responsible business position is required.
  • For Associate Management Accountant membership - three years approved business experience is required.
  • Applicants for Graduate Management Accountant membership must have a minimum education standard of a degree from a university or equivalent educational institution in accountancy or a related discipline. There are no experience requirements.
  • Applicants for Registered Business Accountant membership must have a minimum education standard of a degree in any discipline other than Accounting from a recognised university or 3 Stages of a Professional Qualification in Accounting or completion of Stages 1, 2 & 3 of the ICMA’s Graduate program. There are no experience requirements.
  • Applicants for Registered Cost Accountant membership must have a minimum education standard of Diploma in Accounting from a recognised Technical College (TAFE) or 2 Stages of a Professional Qualification in Accounting or completion of Stages 1 & 2 of the ICMA’s Graduate program. There are no experience requirements.
  • Applicants for Certified Accounting Technician membership must have a minimum education standard of a Certificate in Accounting from a recognised Technical College (TAFE) or 1 Stage of a Professional Qualification in Accounting or completion of Stages 1 of the ICMA’s Graduate program. There are no experience requirements.
  • For Management Accounting Affiliate - no management accounting experience is required. It has open entry for those with either 2 years supervisory managerial experience or 3 years of running one's own business. This category of members would be required to undertake an approved continuing professional development (CPD) program within 2-years of being granted such membership. Note that this CPD program can be done anywhere, for example via CMA short courses, CPA Australia seminars or even a university subject in accounting.
  • Applications for student membership must have a minimum education standard of year 12 or equivalent.

 

Demonstration of Experience

For the purpose of clauses 3.3(a) and 3.3(b) of the constitution, a demonstration of business experience will be required in three main areas :

  • financial and cost accounting skills
  • application of the principles of cost and management accountancy to real management problems; and
  • direct involvement in resource management, decision-making and strategic financial planning.

The experience referred to in clause 3.3(d) must be verified by the applicant's sponsor and will be evaluated by the Membership Committee.

* Relevant experience in management accounting is broadly defined to include the gaining of experience in the provision of information in a wide range of managerial functions including costing, pricing, marketing, strategy, financial analysis, logistics, information systems, etc

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