The Institute was incorporated in 1996 under the patronage of Mr William Dix (former Chairman of Ford and Qantas) and Professor John Miller (former Director of Consumer Affairs, Chairman of Pannell, Kerr, Foster and holder of numerous senior academic positions). Its objectives are to provide a professional organization for management accountants, and to encourage, disseminate and promote the specialisation in organizations in Australia. Similar specialist bodies have been operating in most English-speaking developed countries, e.g. USA, UK and Canada, but not until that time in Australia.
A management accountant applies his or her professional knowledge and skill in the preparation and presentation of financial and other decision oriented information in such a way as to assist management in the formulation of policies and in the planning and control of the operation of the undertaking.
Management Accountants therefore are seen as the "value-creators" amongst the accountants. They are much more interested in forward looking and taking decisions that will affect the future of the organization, than in the historical recording and compliance (scorekeeping) aspects of the profession. Management accounting knowledge and experience can therefore be obtained from varied fields and functions within an organization, such as information management, treasury, efficiency auditing, marketing, valuation, pricing, logistics, etc.
Details of membership benefits and services are available in the membership page. The Institute's newsletter, On Target, and its research journal the Management Accounting Frontiers (MAF) (formerly, JAMAR) are available in electronic format on this website. The Institute has a wide range of activities, in Australia and in its international branches.
The Institute offers a number of education programs that have received accreditation from many Australian and overseas universities. Being a CMA means a commitment to a continuous professional development, and the Institute offers seminars, training and other development activities to assist members achieve this objective. For the industry and employer perspective, the Management Accounting 2020 program offers industry-based certification for best practice in decision information and control systems.
The Institute is also an examining body, and members are required to pass examinations and other assessments and have relevant work experience prior to describing themselves as ‘Certified Management Accountants’. Business organizations are also accredited by the Institute as Private Providers - providing suitable training programs for prospective members to obtain their education requirements for membership.
Complete your first step by downloading the application form.Download Application Form