To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction: Certified management accountant is an accountant whose responsibility is to certify the information and reports, prepared for the decision making of the managers.
Answer to Problem 1CE
Some of the skill set required is bachelor’s degree, ICMA certification, business knowledge, detail orientation, writing and communication skills. The hourly wage rate in this career is $33.34 and annually it is $69,350. The career of certified management accountant is that it is projected to grow 10% from 2016 to 2026.
Explanation of Solution
The skill set which a certified management accountant requires is mentioned below:
- A certified management accountant generally requires a bachelor’s degree.
- Certification of ICMA by completing a series of examinations.
- Understanding of the business.
- Detail oriented.
- Writing and communication skills.
The wage rate of an officer working in this career is:
- Hourly wage rate- $33.34.
- Annual wage rate- $69,350.
The career of certified management accountant is projected to grow by 10% from 2016 to 2026, which is faster than average.
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Chapter 17 Solutions
Understanding Business
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