Practical Experience

You must gain at least three years’ relevant practical experience before you can achieve your Chartered Management Accountant (ACMA) status. Your practical experience must cover three areas: Basic, Core and Supplementary and they are as under:

Area 1 Basic experience

1a     Preparing and maintaining accounting records
1b     Statutory and regulatory reporting
1c     IT desktop skills
1d     Systems and procedure development

Area 2 Core experience

2a     Preparation of management accounts
2b     Planning, budgeting and forecasting
2c     Management reporting for decision-making
2d     Product and service costing
2e     Information management
2f      Project appraisal
2g     Project management
2h     Working capital control

Area 3 Supplementary experience

3a     Financial strategy
3b     Corporate finance
3c     Treasury management
3d     Taxation
3e     Business evaluation and appraisal
3f      Business strategy
3g     External relationships

Share on Social Media