Part A: work based practical experience
Students need a minimum of three years' relevant work based practical experience before becoming chartered management accountants.
Practical experience requirements are the same for all sectors.
Experience may be drawn from any of the following three areas (but a minimum of 18 months must be gained within the core area).
| Area 1 - basic experience |
Area 2 - core experience |
Area 3 - supplementary experience |
| 1a. preparing and maintaining accounting records |
2a. preparation of management accounts |
3a. financial strategy |
| 1b. statutory and regulatory reporting |
2b. planning, budgeting and forecasting |
3b. corporate finance |
| 1c. IT desktop skills |
2c. management reporting for decision making |
3c. treasury management |
| 1d. systems and procedure development |
2d. product and service costing |
3d. taxation |
|
2e. information management |
3e. business evaluation and appraisal |
|
2f. project appraisal |
3f. business strategy |
|
2g. project management |
3g. external relationships |
|
2h. working capital content |
|
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2i. risk management and business assurance |
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Note: Some or all of the required experience may have been gained before registering as a student.
Recording your practical experience
Find out more about completing your records.
Assessment of your practical experience
How decisions are made
Support videos
Watch our new practical experience support videos