In the accounting industry, two common career fields exist: financial and management. Wherefinancial accountingis the professional field known for audits and taxation services,management accountingfocuses more on the internal financial transaction of a company. A certified managementaccountantprimarily works directly for a company, recording and reporting transactions for internal review by business owners and managers. Most accountants in this industry work in a management accountingprofession, as businesses need individuals with the technical knowledge of financial figures to help run organizations.

The certified management accountant certification is a professional license offered by a few accounting organizations. The primary focus of the license is business,economics,...