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Prepare for high-demand careers in managerial accounting, and to sit for the Institute of Managerial Accountants’ (IMA) Certified Managerial Accountant (CMA) examination. The Bachelor of Science in Managerial Accounting focuses on the practical skills and knowledge which the IMA has identified as the essential to the field. Learning outcomes and coursework are directly aligned with the practical experience and academic requirements of the CMA certification examination. Graduates will be well prepared to work in this exciting and growing field, with both the knowledge and application-based training to make important institutional decisions based on sound financial principles.
What Is Managerial Accounting?
Managerial accounting is a branch of accounting that focuses on helping internal managers to make decisions and set goals. Managerial accountants are experts at analyzing an organization’s operational metrics, and then turning this data into useful information that management can use to make informed decisions. Sometimes managerial accounting is also referred to as cost accounting or management accounting.
Managerial Accounting vs. Financial Accounting
Managerial accounting is different than financial accounting in that it is more concerned with providing operational reports that are useful for internal management. Financial accounting focuses more on the reporting of a company’s financial transactions to investors, lenders, and other external audiences. Financial accounting must also comply with a variety of accounting standards that do not apply to internal (managerial) accounting practices.
Full IMA certification requires that you earn a bachelor’s degree in finance, accounting, or economics; pass the CMA exam; and complete two years of work experience in one of the following areas:
- Financial statement preparation
- Financial planning and analysis
- Auditing (external or internal)
- Budget preparation and reporting
- Corporate investment decision making
- Costing analysis
This experience requirement can be earned prior to, or within seven years of passing the CMA examination.
Cambridge College Managerial Accounting Highlights
Combining value and convenience, our programs are tailored to the needs of adult learners. These are a few of the benefits of choosing Cambridge College for your managerial accounting degree.
- IMA certification training. The managerial accounting curriculum is designed to prepare you for the Institute of Managerial Accountants’ (IMA) Certified Managerial Accountant (CMA) examination.
- Career-focused learning. The Cambridge College teaching model gives you the opportunity to learn managerial accounting principles in addition to effective, practical techniques. The program also includes a research intensive final capstone project.
- Flexible class schedules. Cambridge College offers day, evening, weekend, and online course options to meet the needs of working professionals. Talk to a Cambridge College academic advisor to start planning a course of study that works for you.
- Affordable tuition. Rated one of the most affordable four-year private nonprofit colleges in the United States, Cambridge College offers a world-class education at an exceptional value.
- Experienced faculty. Cambridge College faculty are experienced accounting professionals and accessible teachers who are here to help you succeed.
- No SAT or ACT tests required. Get started on your management degree quickly and efficiently. We offer an easy online application and do not require SAT or ACT tests for admission to our undergraduate programs.
The Institute of Management Accountants reports that professionals who have earned the CMA certification make nearly $28,000 more in total compensation each year than their non-certified peers. CMAs earned an average annual salary of $108,455 according to the most recent survey conducted in 2013. The total average compensation for CMAs that year was $125,734 including bonuses.
As of 2013, those just beginning their careers reported an average annual salary of $70,276 in the first few years after earning their CMA designation. The survey data revealed that those working in public accounting earned the highest average salary at $141,685.
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- General Management Concentration: Gain a broad understanding of business management, including marketing, sales, ethics, nonprofit management, and an introduction to human resources. Learn more.
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Managerial Accounting Program Learning Outcomes
Successful graduates will have a demonstrated understanding of:
- Planning, budgeting, and forecasting
- Performance management
- Cost management
- Internal controls
- Professional ethics for management accounting professionals
- Financial statement analysis
- Corporate finance
- Decision analysis and risk management
- Investment decision
Jobs in Managerial Accounting
Graduates of the managerial accounting degree are well equipped to work in finance, bookkeeping, and accounting positions within private, public, profit, and nonprofit organizations. Examples of managerial accounting positions include:
- Corporate controller
- Accounting manager
- Financial analyst
- Budget analyst
With a bachelor’s degree in managerial accounting from Cambridge College, you’ll also be prepared for graduate studies in accounting, finance, and economics.
Example Managerial Accounting Courses
- Financial Statement Analysis
- Internal and External Auditing
- Corporate Finance and Investments
- Management Studies Capstone Project
Managerial Accounting Scholarships and Financial Aid
Get financial assistance to help pay for your degree. In addition to scholarship opportunities, you might also be eligible for federal and state grants, loans, and other types of financial aid.
The first step is completing the Free Application for Federal Student Aid (FAFSA). Learn more about applying for financial aid.
WRT101-102 and MAT101-102 may by waived if equivalent courses have been accepted in transfer. Credits will be replaced with open electives. WRT201 required if both WRT101-102 are waived; not required for students completing WRT101-102 at Cambridge. WRT090 and MAT100 required if assessment indicates need.
Arts & Humanities - 6 credits
Natural & Physical Sciences - 6 credits
Social Sciences - 6 credits
Choose electives and/or concentrations to support your academic interests and professional goals. Any undergraduate concentrations are acceptable. (Course prerequisites must also be met.)
Performance Management investigates control and performance evaluation, including revenues, costs, profits, and investment in assets. We emphasize the importance of understanding variance analysis based on flexible budgets and standard costs of operations in small, medium and large institutions. Additionally, this course reviews responsibility-accounting for revenue, operational costs, contribution and profit centers, and developing a balanced score card.
No SAT or ACT tests required.
$50, nonrefundable ($100 for international students)
Health Requirements for Massachusetts Students
The Massachusetts Health Department and Cambridge College require the following of students in Massachusetts:
Immunizations – All students in Massachusetts are required to get certain immunizations before you can register for your first term. See form
Health Insurance – In Massachusetts, undergraduate students taking nine or more credits/term and graduate students taking six or more credits/term must enroll in the College’s health insurance plan. Students who have insurance with comparable coverage may request a waiver. See information and enroll or waive.
International students are accepted at Massachusetts location only, and need to provide supplemental documentation:
- Official demonstration of English language proficiency
- Supplemental documentation for issuance of I-20
- International transcripts, evaluated by an accepted evaluation service
Undergraduate program applicants, once you are accepted, your official transcripts are evaluated for transfer credit.
Cost per credit hour:
$50, nonrefundable ($100 for international students)
Health Insurance Fee:
$1.985 (Required for Massachusetts students only. See waiver details on Tuition & Fees page.)
Note: Rates are as of July 2019, and are subject to change without notice. Rates apply to all students, unless otherwise noted.
Cambridge College offers financial aid to students in our degree programs who are enrolled at least half time. Undergraduate students must be enrolled in at least 6 credits each term. Graduate and doctoral students must be enrolled in at least 4 credits each term. Learn more
Grants, Scholarships and Loans
Cambridge College welcomes the opportunity to support your efforts to pay for college. Federal, state and local resources in the form of grants, scholarships, loans and work-study, including Cambridge College Scholarships, are available to help defray the cost of tuition. Learn more
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