DWCC
Divine Word College of Calapan
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Divine Word College of Calapan

Management Accounting

Bachelor of Science in Management Accounting

This is the program that provides general accounting education to student wanting to pursue a professional career in management accounting. Further, this is the program that complies with the latest competency framework for professional accountants issued by the International Federation of Accountants (IFAC) thru their International Education Standards. Thus, this qualifies the graduate of this program to take assessments leading to certifications in management accounting (CMA) given by global professional management accounting organizations.

As a field of study, management accounting is a profession that involves partnering in management decision-making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy. By working across functions, management accountants understand the links between operational activity, financial resource generation and consumption, and value generation and preservation. They perform a vital role in supporting organizational performance through creating plans and monitoring execution. Management accountants are expected to: (a) apply accounting and finance skills; (b) ensure these skills are applied in the context of the business; (c) to influence the decisions, actions and behaviors of others; and (d) lead the organization at different levels.

The field of accounting offers stimulating and challenging work that is constantly evolving. The BSMA program seeks to prepare the student for a management accounting career.

Specific sample job opportunities are the following:

Entry-level jobs:

Public Practice: Junior Analyst, Consulting staff Commerce and Industry: C o s t Analyst, Investment Analyst, Management Accounting Staff, Tax Accounting Staff, Financial Analyst, Budget Analyst, Credit Analyst, Cost Accountant.

Government: State Accounting Examiner, NB. Agent Treasury Agent, State Accountant, LGU Accountant, Officer, Audit Examiner, Budget Officer, Financial Services Specialist

Education: Junior Accounting Instructor 

After obtaining sufficient meaningful experience, the graduate of the BSMA program can assume any of the following positions;

Mid-level positions:

Public Practice: Senior Consulting Manager/Financial Advisory Manager

Commerce and Industry: Controller/Comptroller, Senior Information Systems Auditor, Senior Loan Officer, Senior Budget Officer

Government: State Accountant V, Director I and Director IV, Government Accountancy and Audit, Financial Services Manager, Audit Services Manager, Senior Auditor

Education: Senior Faculty, Accounting Department Chair

Advanced positions: 

Public Practice: Partner, Senior Partner, Senior Consultant/Financial Advisor

Commerce and Industry: Finance Director/Chief Financial Officer, Chief Information Officer

Government: National Treasurer, Vice President for Finance/CFO (for GOCCs), Commissioner, Associate Commissioner, Assistant Commissioner, (COA, BIR, BOC)

Education: Vice President for Academic Affairs, Dean

 

Source: CMO Number 28 s. 2017 

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