1ACCOUNTING FOR MANAGERS Table of Contents Certified Public Accountant and Certified Management Accountant Certification........................2 References........................................................................................................................................3
2ACCOUNTING FOR MANAGERS CertifiedPublicAccountantandCertifiedManagementAccountant Certification The professional certification taken into research both the CPA and CMA are obtained by passing respective examinations, however on the other hand it is essential that the CPA must also be licensed. One striving for becoming a CPA must also earn 150 credit hours of undergraduate course education. The CPA Examination includes major sections like Accounting and Auditing, BusinessEnvironmentsandConcepts,FinancialAccounting,ReportingandRegulation. Management Accounting is the core area of focus, which is looked in this course. The CMA on the other hand side as the name focuses on the various aspects iof financial topicslikethefinance/assetsmanagementandperformancemanagement.Theskillsand knowledge developed with the course helps the candidate make better and well-informed decisions about the company. It is important that one must have a graduation degree (bachelor’s degree) in business, economics or accounts. The program is financial management based taking various courses and approaches of financial management (Dennis Whitney & Paul Juras CMA, 2017). Both the courses evaluated requires that the candidate must have a two-years of working experiencein their respectivefiled so that they can earn the right of using the degree respectively. It is usually found that the CMA are at the management level of a business organization where they tend to make out important management decision for the company. However, the role of CPA is confined in preparing the financial report, providing management advice and auditing of accounts (Hargadon & Fuller, 2018).
3ACCOUNTING FOR MANAGERS References Dennis Whitney, C. M. A., & Paul Juras CMA, C. P. A. (2017). CMA: The value creator. Strategic Finance,99(6), 23-24. Hargadon, J. M., & Fuller, L. R. (2018). DUAL CERTIFICATION: It's a Win-win! With this updated nine-step program, highly motivated undergraduate accounting students can pass the CMA examination before graduation and the CPA exam within six months after graduation.Strategic Finance,99(9), 40-48.