Professional accounting qualifications include the Chartered Accountant designations and other qualifications including certificates and diplomas.  In the United Kingdom , chartered accountants of the ICAEW undergo annual training, and are bound by the ICAEW's code of ethics and subject to its disciplinary procedures.  In the United States , the requirements for joining the AICPA as a Certified Public Accountant are set by the Board of Accountancy of each state , and members agree to abide by the AICPA's Code of Professional Conduct and Bylaws. In India the Apex Accounting body constituted by parliament of India is " Institute of Chartered Accountants of India " (ICAI) was known for its rigorous training and study methodology for granting the Qualification. 
Management accounting refers to accounting information developed for managers within an organization. CIMA (Chartered Institute of Management Accountants) defines Management accounting as “Management Accounting is the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of information that used by management to plan, evaluate, and control within an entity and to assure appropriate use of an accountability for its resources”. This is the phase of accounting concerned with providing information to managers for use in planning and controlling operations and in decision making.