Certified Management Accountant

List, describe, and evaluate the requirements to become a Certified Management Accountant. What topics are covered on the exam for certification? Would you be interested in a career as a management accountant? In order to become Certified Management Accountant, the candidate need to be active member in the Institute of Management Accountants & Pay for the entrance fee. Candidate must complete the CMA certification within three years from the date of enrollment into the CMA Program. For the education requirements, the candidate need to have a bachelor’s degree from accredited college or university or a professional Certification. For experience requirements, the Candidate must have two…

Definition CPA stands for Certified Public Accountant. It is the designation of eligible accountants in several countries around world. In United States CPAs need to pass Uniform Certified Public Accountant Examination and have to meet additional state education and experience requirements for membership in the professional accounting bodies and certification as under requirements for being a CPA. There requirements necessitate CPAs to continue professional education and have to gain work…

The American Institute of Certified Public Accountants (AICPA) is the world’s largest representation of certified public accountants (CPAs). Established in 1887, the AIPCA serves as an advocate for CPAs, CGMAs, and has a mission of powering the success of global business, CPAs, and CGMAs through the use of education, resources, and advocacy (AICPA, 2016). The AICPA supports FASB by providing technical support, standard setting, and guidelines to CPAs nationwide. Because accounting is complex in…

200). The members of the American Institute of Certified Public Accountants represent industry and business, consulting, education, government and public practice. The role of the institute is to test the ethical principles of the profession as well as the United States auditing principles for nonprofit organizations, private companies, local governments, federal and states. The institute also grades and develops the uniform Certified Public Accounts examinations and gives specialty credentials…

Financial Statement Fraud Investigation Frisbey (2015) indicated that forensic accountants should be able to effectively communicate with the management and involved personnel as to the factors of the existence of fraud indicators, to be able to perform essential analytics and independent testing such as horizontal and vertical testing techniques to detect fraud or to examine the validity of evidence being investigated (p.8-9). Frisbey mentioned that forensic accountants should, for example,…

Ethical behavior is a necessary requirement for professionals for purposes of maintaining public confidence on their profession and the services they offer. Certified Public Accountants have similar ethical requirements to those found in other professions. There is a need for all professionals to be responsible, competent and provide services with great professional care. Since certified public accountants have a responsibility to users of financial statements, it is necessary for auditors to be…

technological advances have altered the nature of the accounting processes. There are now available accounting softwares that accountants could use. In addition, these softwares are now being made available into the “cloud” such as the Quickbooks online, Freshbooks, Xero, and Wave. In the Philippines, many firms have also adapted to using softwares especially the large and/or public accountable entities. However, there are still small, medium sized entities that is not using any softwares.…

Do you want to be an accountant but aren’t sure if it’s the right choice for you? Research shows that seven out of ten accountants are very happy with their career choice. “"It 's an exciting time to be an accountant," said Bill Driscoll, a district president of Accountemps.” (“Accounting Tomorrow”) A summary of accounting includes a description of accounting different jobs, the education needed, the income expected and the chances of employment after college. An accountant can be a very…

free (“Plus Advantage”). This would be beneficial to any major, especially mine. I plan on majoring in accounting. The MBA would make me more marketable to potential employers. I have heard from many accountants that employers look for people with an MBA over someone with a master’s in accounting. This is because it is becoming more and more important to be capable of performing multiple tasks instead of specializing in one area. Equally as appealing is Findlay’s Certified Public Accountant…

For my wild and precious life I strive to become a Certified Financial Officer (CFO) of a globally renowned music recording company known as Universal Music Group (UMG). The recorded music business discovers and develops recording artists and then markets and promotes their music across a wide array of formats and platforms. UMG is comprised of artists across many genres and they currently have over 50 music labels locally and internationally. Music has always been a passion of mine, and what…