Management accounting is the process of using financial information to inform and support business decisions. This includes creating financial reports, analyzing data, and providing advice on budgeting and forecasting.
Beginner competence definition
Beginner-level professionals understand the basic concepts of management accounting and its role in financial decision-making.
Intermediate competence definition
Intermediate professionals have the ability to create and analyze financial reports, including budgeting and forecasting.
Advanced competence definition
At an advanced level, professionals possess an in-depth understanding of management accounting principles and the ability to use financial data to inform strategic business decisions.
Audit and assurance
Financial risk management