Certified Management Accountant – The
International Qualification
A Certified Management Accountant focuses on the Measurement of the
Accounting Principles that go into providing reports for the Management
Analysis. The Certified Management Accountant Qualification is offered by
various Universities across the Globe & Candidates who clear the exams
become CMA’s.
CMA is a unique academic credential, designed specifically for accounting
and finance professionals who aim to achieve higher ranks in their fields.
Achieving the CMA demonstrates your professional expertise in the field of
financial planning, analysis, control, decision support, and professional ethics
– which are the essential skills sought after by successful organizations and
their financial team leaders.
The Growing list of CMA’s include Individuals holding Top Managerial
Positions, Middle Level Managres working to become the leaders of
tomorrowand those just starting their careers in management accounting and
financial management. Regardless of which position you are working at, the
Certified Management Accountant credential adds dimension to your
professional development.
Difference between CMA & CPA
A Certified Public Accountant – CPA mainly focuses on preparation of
Income Statements, Audited Financial Statements, computation of taxes etc.
whereas the job profile of a CMA includes analysis and strategy formulation
of the data prepared by the CPA’s.
Refer the following Video for the Differences between CPA and CMA
Video By Jobing
As explained by Stephen Shepherd who is the Director of the Member
Services of IMA, the CPA Qualification is limited to the state from which it
has been acquired whereas the CMA Qualification is universal and you can
make use of the same whether you are in New York or Sydney or Dubai or
Mumbai or any other city.
Salary of a CMA
CMA (Certified Management Accountant) is the advanced professional
certification specifically designed to measure the accounting and financial
management skills that drive business performance.
CMA’s combine their Accounting Skills with Management Abilities to lead
employees and develop businesses. Companies also honor the skills which
come along with this Qualification and Certified Management Accountants
are thus paid higher than Non-Certified Accountants.
As per a recent research, the Average Difference in the Salary in the US of a
CMA and a Non-CMA is around $22,000 per annum
Institutes offering CMA Qualification
Various Universities across the Globe offer the CMA Qualification and
following is the list of the main Institutes offering the CMA & CMA related
Qualification
Country Name of Institute Website
US Institute of Management
Accountants (IMA)
http://www.imanet.org
Canada Certified Management
Accountants of Canada
http://www.cma-
canada.org/
UK Chartered Institute of Management
Accountants (CIMA)
http://www.cimaglobal.com/
Australia Certified Management Accountant
(CMA Australia)
http://www.cmawebline.org/