April 14, 2018 at 1:06 pm #1765964aaronmoParticipant
“@aaronmo- To be fair, you did say that the CMA has no intrinsic value, which is false. Especially since as @onmywaytocpa said, there are definitely job listings for Controllers and Accounting Managers that request one, the other, or both.”
It has whatever value it is assigned by a recruiter/hiring manager. That isn't intrinsic value. It doesn't have intrinsic value because it isn't a license, it doesn't provide any special privilege and it doesn't make you a professional. It's a job cert.
I don't have anything against a CMA and don't feel one way about it or the other…but to compare it to a CPA is absurd…and valuing it like a CPA is absurd. It's a job cert meant for self promotion. It has no intrinsic value.
If a CPA has value to you, or whatever certified human resources professional you're dealing with, God bless.April 14, 2018 at 1:48 pm #1765991LedgerL0verParticipant
You can actually compare whatever you feel like comparing.
Correct me if I'm wrong, but no one in here is implying that the CMA is better than the CPA or that it's even on the same level, yet I feel you're on the defensive as if they were.
All certs and licenses are meant for self promotion and career advancement. That's why we get them.April 19, 2018 at 6:49 am #1770364OnmywaytoCPAParticipantJuly 27, 2018 at 3:37 pm #1899765kbb1624Participant
Did anyone else have issues finishing the CMA exams? I personally had a lot difficulty managing my time for Part 2. I had no time to proofread any of the essays and finished the last essay as time expired. I felt like time management was the biggest obstacle for the Part 2 exam.
CFA L1 – 12/2/17 – Passed 1st try
CMA Part 2 – 6/15/18 – TBD
CMA Part 1 – 6/29/18 – TBDAugust 5, 2018 at 10:12 pm #1912156AnonymousInactive
@ledgerl0ver i've started on part 2 and i agree with you, this is wayyy more difficult for me than part one. I have the same opinion as you do with the finance related material. i am struggling a lot on these Gleim practice quiz bank questions. have you taken part 2? how did the exam go vs what is provided on Gleim test bank?August 7, 2018 at 8:49 am #1913857AnonymousInactive
My Mentor puts his titles in this order CMA,MBA,CPA. He said he has met alot of dumb CPA's but never any dumb CMA's. He works 9-5 as a Operations Controller is 26 years old making 150k. He told me specifically the CMA is a certificate known around the world by INTERNATIONAL companies while the CPA is a license and really only recognized here in the US.August 8, 2018 at 2:52 am #1914988FkParticipant
@Ali, It is a premature statements made by your Mentor. He may have met some CPA dumb but my take on it, is that, it all depend upon person to person , his /her education background , surrounding environment , how much practical experience and exposure they gets in their work . Secondly , CPA Qualification is more recognized Internationally then CMA . All major company” s prefer CPA then CMA . I don't know on what basis he came to the conclusion that CMA is more recognized internationally then CPA .August 9, 2018 at 9:55 am #1916890AnonymousInactive
THE CPA IS A LICENSE THAT IS GIVEN TO YOU BY EACH STATE THAT IS FOCUSED ON GAAP AND NOT SO MUCH ON IFRS ETC. THE CMA focuses more on that and recognized internationally since it is a certificate not something that has different criteria to obtain it state to state.
The main differences between a CPA and CMA is that a CMA has mix expertise in financial accounting and strategic management. This certification essentially expands on financial accounting by adding management skills which enable CMAs to make strategic business decisions based on financial information. CPAs perform/sign audits and are involved in lots of tax work, especially representing companies during IRS audits. Make sure you know what you'd like to do in your career since both designations lead to different industry roles.
You tell me reading the above what a private industry company values more….August 9, 2018 at 12:40 pm #1917208ohiocpacmaParticipant
I'd guess that you are light on experience and I'm sure your opinion will change once you meet more financial leaders that do not have CMA after their name. Having the CMA certification does not give you expertise in strategy and financial management. That comes with experience. Also, arguing on an accounting board about rankings in accounting certifications is dumb.August 9, 2018 at 1:16 pm #1917283AnonymousInactive
How am I light on experience?…. Do you know what the certificate stands for? Certified MANAGEMENT Accountant. I know there are financial leaders our there without both certificates. But I am just letting you know from my viewpoint with people that have an MBA,CPA, and CMA. Oh and by the way that definition is straight from roger CPA review and the ima :). So don't argue with me, go argue with them.August 9, 2018 at 2:39 pm #1917406FkParticipant
@Ali , I know the CMA material in and out , CMA only covers difference between IFRS and GAAP . External Financial Reporting is not that extensively covered as compared to FAR in CPA exam . Some topic in External Financial Reporting is totally excluded or if included it covers only an overview which makes a difficult task to understand the difference between US GAAP and IFRS . Most of the Private Companies prefer CPA's over CMA's in Middle East . For this very reason I decided to do CPA . CMA did not add any value to my CV , nor to my colleagues.
CPA – Licensed ND 2018
MBA 2010August 16, 2018 at 6:40 pm #1931875NeekParticipant
Hello all! I want to start studying for the CMA exam but am unsure if I have time to take it during the October window. I have not started studying yet and will be working full time in two weeks. For those who have taken it, how long did it take you to study for part 1 and how many hours were you studying per week? Also, for those who have taken the CPA exam, would you say the CMA has more material than BEC but less than FAR? That’s vibe I’m getting. Any help would be much appreciated! Thanks!August 18, 2018 at 1:13 am #1933342AsianNinjaParticipant
I have been studying for part 1 CMA and planning to take it in Sep. However, when I schedule my exam with Prometric, it said the id number is not eligible and I can't continue to process the appointment. I contacted the IMA dn they gave me a new id number and the same thing happened. Does anyone run into the same problem? If so, how to fix it? Thanks.August 20, 2018 at 12:32 pm #1935913OnmywaytoCPAParticipant
@Neek, you will need around the same amount of time that you invested into the CPA exam. It's definitely more material than BEC and probably about the same as FAR if not more. I made the mistake of underestimating the CMA Exam. I barely passed Part 1 with a 360 and I missed Part 2 by 10 points. I'm planning to retake Part 2 this testing window and I will definitely be devoting more time into studying.
@AsianNinja, you have to delete the zeros in front of the ID#. Prometric has given me the same error on numerous occasions. Just input all of the numbers after the zeros.September 15, 2018 at 12:18 am #1975491Jdrgolfer1Participant
CMA Exam is Tough – Just took Part 1 Today - Page 4
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