The American Institute of Certified Public Accountants ( AICPA ) states that management accounting as practice extends to the following three areas : The Institute of Certified Management Accountants ( ICMA ) states `` A management accountant applies his or her professional knowledge and skill in the preparation and presentation of financial and other decision oriented information in such a way as to assist management in the formulation of policies and in the planning and control of the operation of the undertaking '' .
The American Institute of Certified Public Accountants ( AICPA ) states that management accounting as practice extends to the following three areas : The Institute of Certified Management Accountants ( ICMA ) , states `` A management accountant applies his or her professional knowledge and skill in the preparation and presentation of financial and other decision oriented information in such a way as to assist management in the formulation of policies and in the planning and control of the operation of the undertaking '' .