Posts

Showing posts from February, 2022

Is it worthwhile for an accountant to become a certified management accountant?

Image
The US Certified Management Accountant (US CMA) qualifies you for working in high-level business and accounting leadership roles. It is a unique credential issued by the Institute of Management Accountants (IMA). If you intend to become a CFO (Chief Financial Officer) or function in the financial leadership, then US CMA accounting would be an excellent way to reach there. What is US CMA? The US CMA certification positions you in working in management and finance accounting. It is a globally recognized and professional designation in strategic management and financial accounting. Job Description of US CMA: US CMA is a unique professional credential awarded by IMA. To earn this designation, the US CMA aspirants must demonstrate competency in financial analysis, financial planning, professional ethics, and organizational decision support. Also, they are qualified accounting professionals for various positions and lucrative roles that need these advanced financial management skill sets. W

10 Facts You Should Know About US Certified Management Accountant

Image
  The  US Certified Management Accountant  (CMA) is a professional certification for management accountants. A graduate with a bachelor’s degree who has at least two years of experience in the field and can pass both an exam and peer evaluation may apply for this designation. 1.The CMA credential was established by the Institute of Management Accountants (IMA) in 1960. The CMA is recognized by the American Institute of Certified Public Accountants (AICPA) and can be used as a management accountant designation by CPAs. 2.A candidate must pass an exam that consists of 150 multiple-choice questions and lasts for four hours. The content on the exam includes business analysis and planning; financial decision making; performance measurement and control systems; cost accumulation, analysis, and reporting; budgeting, forecasting, and strategic planning; human resource information systems; customer relationship management; technology applications; professional ethics & global economy. 3.Pri

Demand for US CPA in 2022

Image
  Demand for US CPA in 2022 According to the Bureau of Labor Statistics, US Certified Public AccountantThe number of CPAs in the United States is expected to grow by 22 percent between 2022 and 2027. This growth is due, in part, to an increased demand for CPA services from businesses and individuals. If you're thinking about becoming a CPA, now is a good time to do so. The CPA designation will continue to be in high demand over the next decade, making it a great career choice for those who are looking for long-term job security. Demand for US Certified Public Accountant in 2022 The Certified Public Accountant (CPA) designation is the gold standard of accounting credentials. Professionals holding this designation are recognized as professionals who can perform high-level accounting work for private companies, public companies, and non-profit organizations. The Bureau of Labor Statistics (BLS) lists tasks performed by CPAs under their purview; these include auditing financia