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Best cost accounting manager certifications
The best certifications for a cost accounting manager are Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Chartered Global Management Accountant (CGMA).
Cost accounting manager certifications demonstrate your competency as a cost accounting manager to employers. However, not all cost accounting manager certifications provide the same value.
Below is a list of the best cost accounting manager certifications. Obtaining a cost accounting manager certification will give you a leg up when you apply for jobs and increase your potential salary.
4 best certifications for cost accounting managers
| Rank | Cost accounting manager certification | Organization |
|---|---|---|
| 1 | Certified Public Accountant (CPA) | AICPA |
| 2 | Certified Management Accountant (CMA) | IMA |
| 3 | Chartered Global Management Accountant (CGMA) | CGMA |
| 4 | Project Management Professional (PMP) | PMI |
4 best cost accounting manager certifications
1. Certified Public Accountant (CPA)
Certified Public Accountant candidates must pass a national exam certifiying that they are eligible to be licensed in the state(s) of their choosing. Information about state licensing requirements is made available in the Licensed Occupation tool.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required?
2. Certified Management Accountant (CMA)
The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 1 year(s)
3. Chartered Global Management Accountant (CGMA)
The CGMA letters are worth having after your name. They stand for Chartered Global Management Accountant and they show employers that you mean business. The CGMA designation is the most widely held management accounting designation in the world. It boldly announces your commercial skills, strategic vision and transformational mindset. Employers, colleagues and stakeholders alike will recognize that you’ve got entrepreneurial and leadership acumen. That you’re in a pivotal position to analyze information, advise strategy and drive business success. And they’ll know all this just by looking at those four letters after your name.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? No
- Renewal required? No
4. Project Management Professional (PMP)
The PMP designation following your name tells current and potential employers that you have demonstrated a solid foundation of knowledge from which you can competently practice project management.To be eligible for a PMP Credential, you must first meet specific educational and project management experience requirements and agree to adhere to a code of professional conduct. The final step to becoming a PMP is passing a rigorous multiple-choice examination designed to objectively assess and measure your ability to apply project management knowledge in the following six domains: initiating the project, planning the project, executing the project, monitoring and controlling the project, closing the project, and professional and social responsibility. This computer-based examination is administered globally with translation aids in 10 languages.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
What is the best certification for a cost accounting manager?
The best cost accounting manager certification is Certified Public Accountant (CPA). The Certified Public Accountant (CPA) is awarded by the American Institute of Certified Public Accountants. The advanced certification is for more experienced employees as it often requires some work experience to acquire.
Here's a bit more background on how to obtain this cost accounting manager certification:
- To become a certified Certified Public Accountant (CPA), you need to pass the exam.
- Lucky you - certification doesn't require more than two years of work experience.
- Renew certification every year.
What are some of the most in-demand certifications for cost accounting managers?
The most in-demand cost accounting manager certification is Certified Public Accountant based on all active job postings. Having this cost accounting manager certification will give you access to more cost accounting manager jobs with higher salaries.
What certifications can impact a cost accounting manager career and salary?
The Certified Management Accountant certification will help you to secure a controller position, which will increase your pay and career trajectory. A controller's average salary is $96,217 whereas cost accounting managers make an average salary of $89,286.
The most common combination of cost accounting manager certifications include: Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Chartered Global Management Accountant (CGMA).
Online courses for cost accounting managers to earn certifications
1. Cost Accounting
View the Specialization trailer: https://www.youtube.com/watch?v=XE5Rx91bdYw\n\nMany corporate decisions need cost accounting information. When you know the costs of your products, you will make better pricing decisions and you can better choose which products to offer. When you know the costs of your departments, you can better detect inefficiencies and you can better incentivize your employees.\n\nIn this Specialization, you will learn the fundamentals of cost accounting. Three courses cover...
2. Cost Accounting: Decision Making
In the third course, you will learn how to use information from cost accounting to improve managerial decision-making. We discuss business decisions and suggest how cost information can support them best. For example, how will costs change if managers adjust cost drivers? How many units do companies need to sell in order to avoid losses or to achieve a targeted profit? How can managers improve pricing or product programs with information from cost accounting?...
3. Cost Accounting: Introduction to Management Accounting
Learn Cost Accounting for Management. Includes Process Costing, ABC Systems, Variance Analysis, Cash Budgets and more...
4. Cost Accounting and Financial Management - A Complete Study
Learn theory and practical concepts in Cost Accounting and Financial Management with loads of video lectures...
5. Basics of Cost Accounting: Product Costing
The core of the first course is to learn how companies record total costs and calculate unit costs for their individual products or services. For example, how can a car manufacturer figure out the costs of an individual car series? During the first weeks, participants learn what costs are and how to distinguish them from expenses or cash flows. Participants will understand how companies record total costs and distinguish important cost types such as material costs, personnel costs, or...
6. Financial Accounting - Inventory Costs
Mastering Inventory Costs & Flows: An In-Depth Guide to Accounting for Inventory in Business Operations...
7. Financial Accounting-Inventory & Merchandising Transactions
Mastering Inventory Accounting: From Merchandising Transactions to Cost Flow Assumptions...
8. Managerial (Cost) Accounting For Beginners
Management accounting for managers and students. Learn managerial and cost accounting. #1 accounting course online...
9. Managerial Accounting & Bookkeeping (Cost Accounting)
Management Accounting & Bookkeeping Basics. Accounting & Bookkeeping Concepts. Learn Accounting & Bookkeeping...
10. Cost Accounting - A Comprehensive Study for CA/CMA/CS /ACCA/
Learn basic to advanced concepts in Cost Accounting comprehensively...
11. Managerial and Cost Accounting: A Comprehensive Guide
Unlock Financial Insights, Make Informed Decisions: Optimize Business Performance, Maximize Profitability...
12. Basics of Accounting
Accounting Concepts & Principles...
13. Financial Accounting-Adjusting Entries & Financial Statement
Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...
14. Financial Accounting: The Complete Introductory Crash Course
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...
15. Flexible Budgets, Standard Costs, & Variance Analysis
Maximizing Financial Insight: Mastering Variance Analysis and Budgeting for Strategic Decision-Making...
16. Financial Accounting & Excel-Comprehensive Accounting Course
Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...
17. Financial Accounting - Subsidiary Ledgers & Special Journals
Mastering Special Journals and Subsidiary Ledgers: A Comprehensive Guide to Streamlined Accounting Practices...
18. Financial Accounting-Depreciation Calculation & Fixed Assets
Optimizing Asset Management: Comprehensive Guide to Property, Plant, and Equipment Accounting...
19. Financial Accounting-Debits & Credits-Accounting Transaction
Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...
20. Principles of Financial Accounting
Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...