More Practical :
In reality, most accountants (whether starting as a public accountant or not) will end up in the corporate sector. This means that the management accountant skill is more practical in medium to long term for professionals in the accounting industry. In fact, many candidates who went through both CPA and CMA find the materials covered in CMA more interesting and useful for their daily business life while CPA materials are too theoretical.
It’s Cheaper and Less Time Consuming:
Both exams cost a fortune, but the CMA certification is considerably less. Also, with only 2 parts (vs 4 parts in CPA) it takes less time to study and pass.
You Can Take the Exam Before Graduation:
If you want to get a fast track, CMA allows you to take the exam before you graduate, although you will have to complete your bachelor degree with 2 years of experience to ultimately get the certification.
Better Administration Body and “After-Service”
As you may know, the CPA license is granted by each of the states instead of by a national body. This legacy issue has created a lot of confusion and challenges from getting qualified for the CPA exam to apply for the license at the end. CMA is administrated by IMA with a well-run website and clear instructions on how to prepare, study and pass the CMA exam.
After you get the CMA certification and if you choose to stay active, IMA provides everything from free webinar (for CPE and self-learning) to a forum for members to exchange ideas and build networks. CPA, in comparison, has Society of CPAs in each state but the support is less impressive.
For more blogs visit: www.mylogic.online