Thursday, March 31, 2011

Take Accounting to a Higher Level with the Strategic Management Accounting Field

If you are already in the field of accounting but are looking to take it a step further and advance your career, you may want to consider obtaining training in Strategic Management – Accounting. Job titles upon completion of a strategic management program include: assistant controller or controller, accounting manager, accounting supervisor or business analyst. Each job description consists of different duties. There are, however, common tasks such as providing advice on financial decisions, preparing and maintaining financial reports, keeping financial records up-to-date, training and managing new accountants, performing daily banking requirements, and more. Employment for strategic management in accounting exists in all sectors of business including financial institutions, government offices, public accounting firms, manufacturing industries, service industries, small business and self-employment.

One option in obtaining this training is to attend Centennial College’s Strategic Management – Accounting program, which is designed as a graduate certificate program and takes two semesters to complete. It covers advanced accounting as well as financial and strategic management — topics that are required to be successful in today’s competitive business world.

The program combines both theory and hands-on training. Practical training includes extensive use of case studies and simulations as well as hands-on practice with the latest technology applications in the area of management information systems, including ERP systems. Meanwhile, the theory aspect provides exposure to courses that clearly balance managerial and accounting training, such as Accounting Theory and Policy, Advanced Taxation, Ethics and Stakeholder Management, Advanced Financial Management and more. In addition, the strategic management in accounting courses help students to master organizational techniques that are necessary to carry out strategic decisions. Lastly, the program teaches the critical role that managerial leadership plays in the viability and growth of a business.

Centennial College, students can choose to obtain an MBA, pursuant to the articulation agreement negotiated by the School of Business with other institutions. In addition, they have the option to apply to CGA-Ontario, and depending on their academic background, may receive up to 4 levels of CGA transfer credits. On the other hand, students may choose to enter the workforce instead of continuing their studies. No matter which route they choose, students of Centennial College’s strategic management program must maintain a minimum C grade average and an overall minimum GPA of 2.0 to graduate. Also, students planning to pursue the CGA designation should have their college/university transcript evaluated by CGA-Ontario and/or CGA-International in order to find the appropriate placement level in the CGA program.

To partake in this strategic management in accounting program, students must submit an official transcript demonstrating proof of successful completion of a post-secondary advanced diploma or degree in an accounting discipline. However, if they have a combination of partial post-secondary education and relevant work experience, they may also be considered. Other non-academic requirements include: an interview, transcript and resumé review as well as an English and/or math skills assessment. English proficiency will also be considered.

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