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Why Become a CMA: 5 Tangible Benefits for Your Accounting Career + Video
Why become a CMA? Becoming a Certified Management Accountant (CMA) means expending lots of time, effort and money, so is it worth it? What’s the value of becoming a CMA? Here are 5 good reasons to pursue the CMA. Why Become a CMA: 5 Motivations 1. The CMA Is the Gold Standard in Management Accounting […]
Continue readingCGMA vs CMA Designation: Which is Better for Your Career?
The AICPA and CIMA joined forces in January 2012 to establish the Chartered Global Management Accountant (CGMA) designation. Now that CMA has a direct competitor, how can we choose between CGMA vs CMA? CGMA vs CMA: History The CGMA designation was created only a couple of years ago while CMA has been around for more […]
Continue readingHow to Become an Accountant without an Accounting Degree
There are lots of reasons why people want to become an accountant. It could be job security, the relatively good work-life balance (except month-end and audit season)… and it could be the fact the accountant is no longer just a bean counter. Not all of us make this decision during college. Because of this, we […]
Continue readingWhat is CMA? Demystifying this Management Accountant Designation
What is CMA Certification, exactly? People are often confused with what “CMA” means. For accountants, it means Certified Management Accountant, a certification granted by the Institute of Management Accountants. The certification is a proven accomplishment of an individual who completes the CMA program. The CMA program includes a 2-part examination, plus 2 years of full-time […]
Continue readingHow to Apply CMA Exam Knowledge to Your Accounting Career
1. Understanding the Big Picture Early in Your Career Candidates often mention how practical experience helps in their preparation and passing of Part 1 and 2. In fact, it helps the other way round as well. The CMA exam covers major concepts in management and cost accounting, as well as internal control, strategic planning, corporate […]
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CMA vs CPA: Which Qualification is Better?
You are making an important decision. Should I go for CPA or CMA? Can (or should) I get both? An Overview Certified Public Accountant is the “black-belt” for public accounting, and in essence, for the accounting profession in general. The exam itself covers a broad range of knowledge, ranging from the core financial accounting and […]
Continue readingCMA after CPA: Worth the Effort for Another Designation?
I got an email from fellow reader Sarah last week on whether a CMA certification makes sense after getting her CPA. Here is my answer. Thought some of you would be interested to find out. My View on CMA After CPA Hi Sarah, thanks for your note. This is an interesting question, and a very […]
Continue readingIs CMA Worth It for Your Career Growth? (Prepare for Surprise)
How professional certification such as the CMA worth it in building your career? When will you see a tangible benefit — right after passing Part 1, Part 2… or not until you get the certification? Many of you have asked similar questions before, and it’s time for me to address this with a detailed post. […]
Continue readingNumber of CMAs in the US and Worldwide (2009 – 2016 Statistics)
IMA used to release a lot of interesting statistical information on candidates in the past. They have now chosen to disclose only the following data: 4000 CMAs granted each year on average 55,000 CMAs awarded to date Occasionally, The IMA official publication, Strategic Finance Magazine covers this topic with a lot more details. Here is […]
Continue readingIs CMA Popular for Both Service and Manufacturing Jobs?
The CMA certification is designed to be an advanced-level credential for accountants and financial professionals across business. The curriculum puts emphasis on costing, as well as budgeting and planning methodologies that are commonly applied in manufacturing companies. Because of this, it is commonly believed that CMA is more valued in the manufacturing sector. Is this […]
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