US CMA + US CPA : -The Benefits of Dual Certification in Accounting

January 14, 2022 | Uplift Team | Accounting Certifications
Spread the love

The persistent ongoing education in accord with the continually transposing field of accounting, can be a beneficial venture to thrive successfully in the present -day workplaces. Due to this, uplifting and upgrading one’s own accounting acumen through an advanced professional certification is a key element to be considered by an ambitious budding accountant.

The Benefits of Dual Certification in Accounting-US CMA and US CPA

Nowadays, many accountants are keen to opt dual advanced certifications in the financial and accounting arena. Pursuing one or more advanced certifications can assist one by asserting security and aegis during future uncertain economic turmoil, if any. This is largely because of having a larger professional skill set, thus, providing multifaceted experience.

Henceforth, having a dual professional accounting certification- particularly, obtaining both US CPA and US CMA certification—can widen the knowledge, concepts and skills of accounting in a higher order of magnitude. This ultimately help to enhance the marketability of such dual degree holders than their counterparts providing many other benefits too.

A. The Dual Certifications and Careers

Upon obtaining the basic academic degree in accounting and/or some work experience in the accounting sector, one can think of pursuing US Certified Public Accountant (US CPA) and/or US CMA (US Certified Management Accountant) certification.

Both US CMA course and CPA US course have immense value addition potential to elevate the career towards an unseen horizon. In this context, it has to be noted that both these credentials follow unique career paths and are focused on different core areas of accounting which are as follows :

A.1 US CMA Course

The US CMA certification is more attentively focused in the area of management and cost accounting, in comparison to the US CPA. US CMA course certification aspirant is more likely to look into analysis, risk management and performance management. The US CMA can work in various capacities ranging from financial analyst to CFO. They often necessitate formulating major financial decisions for an organization.

A.2 CPA US Course

In comparison to CMA, the US CPA career path provides broader accounting training, as the US CPA Exam tests on skills touching many different areas of accounting, from auditing to taxation.

CPAs can work in public/private sectors or can indulge into independent practices. Some CPA US course career paths include working as an auditor or tax preparer.

CPA US Course Certification: How to be a Certified Public Accountant? :- The question might be raised why an accounting professional will seek CPA US course certification? To answer , we have to consider appropriate reasons like increased job opportunities, higher salary and finally…..continue reading….

B. The US CPA- US CMA overlapping

Based on the basic accounting concepts and the skills achieved at ground zero, continuing accounting education has a major benefit . It enhance and develop the skills already acquired and applied in the workplace.

Both US CPA and US CMA course enhances the depth of accounting subject matter knowledge. However, there are some important distinctions between the two.

More precisely, after passing the US CPA Exam, there remains the licensing procedures. The US CMA, on the other hand, requires membership in the IMA (Institute of Management Accountants).

The intent of CPA involves more accounting-specific training, a CMA deals more with financial accounting as well as asset and performance management. Apart from the differences, there are several parameters where both the certifications overlap and go in a conjoint fashion.

C. Academic requirements

Despite slight variations, a bachelor’s degree is usually required to be eligible to write the US CPA Exam. On the contrary, one can write and pass the US CMA Exam during the course of completing the bachelor’s or master’s degree and have yet to graduate.

It is noted that one is required to have completed a bachelor’s degree to become US CPA and fully certified US CMA. Many aspirants opt to start studying for the exams while they are still pursuing the graduation.

D. Professional experience

Professional accounting experience is required for completion of both the certification processes. For instance, two continuous years of full-time work or four years of part-time work is required to become a certified US CMA.

Becoming a fully licensed CPA requires varying professional experience as mentioned by respective state jurisdictions, typically asking candidates to complete a certain amount of work that is overseen by another licensed CPA. Advantageously, the required work experience used to meet IS CPA eligibility criteria is also applicable to fulfil CMA requirements-a boon for saving time if one wants to pursue both CPA and CMA simultaneously.

E. US CPA and US CMA exams

Both the US CMA and CPA certifications involve separate online exams. In case, one decides to go for dual certification simultaneously, there’s some overlapping content in the exams in areas like financial reporting, internal controls etc.

The US CMA Exam consists of two parts that must be completed within three years of each other:

1. Part 1 :- Financial Planning, Performance, and Analytics

2. Part 2 :- Strategic Financial Management

On the other hand, US CPA Exam has four parts to be over a span of 18 months.

The CPA exam syllabus includes

1. Auditing and Attestation (AUD)

2. Financial Accounting and Reporting (FAR)

3. Regulation (REG)

4. Business Environment and Concepts (BEC)

Topics on external financial reporting decisions on the CMA Exam are similar to the financial accounting basics covered in the FAR section of CPA. It is noteworthy that the CMA Exam tests these topics in more depth than CPA. Studying for one of these exams can help to apprehend the content for the other exam in a much better way.

F. Role of Continuing Professional Education(CPE)

Upon clearing the dual exam, next comes the question of sustaining the status of CPA and CMA. For this, one is required to accomplish annual continuing professional education, or CPE credits from classes, seminars, webinars or any other appropriate formats.

The purpose of CPE is to keep the acuity of an accountant intense, up to date and at par with the changing industry demands. Several CPE courses are available which include topics that are applicable to both CMA and CPA to meet up the requirements of both CMA/CPA credentials.

G. Cost

Both the CPA and CMA credentials require down payments, which include application and exam fees, as well as exam preparation fees. In addition, the CMA also requires IMA membership fees but offers discounts to students and other applicable groups.

Plan for US CMA course in 2022- Jobs & Salary |Eligibility| Course fees |Syllabus| Duration | :- Earning the US CMA can give you the career boost as they have an excellent rate of absorption all over the world. Currently, US CMA has marked its presence in over 100 countries including the United States (US)…...continue reading…

The US CPA and US CMA both require monetary investment where CPA is little bit costlier than CMA, but the cost incurred is considered to be well worth in terms of returns, hence the cost here can be considered as investment rather.

H. Importance of Dual certifications

Taking cue from the concept that spending money on pursuing both CMA and CPA is an investment rather than expenditure in an accountant’s career, having both a CPA and US CMA may benefit and boost career hankerings in various ways.

Being dual certification holders, the employers may consider such a candidate as more qualified and appropriate for higher-level senior positions. This is because a top personnel at firms often pursue both credentials.

If you’re hoping for upliftment on the career ladder, having double certification can set you apart from other candidates who possess single certification but are applying for the same role, whether internally at your company or for a new role. Thus, having a dual certification i.e., CMA and CPA can help you stand apart from the rest in its own capacity.

Obtaining dual designations indicates that the holder has commitment as well as strong motivation to the accounting profession and is fervent to acquire new updated knowledge and skill at work. The dual certification imparts more expertise than a traditional accounting role requires, and having both CPA and CMA can give one that extra authority to be considered for the coveted roles such as CEOs or CFOs etc.

Summary

As narrated above, US CMA and US CPA are advanced professional accounting certifications which are globally recognized and are considered as highly esteemed dragging reputation from colleagues and peers in the accounting fraternity.

Combination of US CMA and CPA is recognized as expertise of everything of entry level accounting with global acknowledgement of specialized expertise on hardcore auditing to strategic management accounting which open the door to international opportunities.

Professional network will be keen to focus on such dual certification holders who by virtue of their acclaimed qualification obtained the required versatility to apply the upgraded skill and knowledge to implement decisions in any area of accounting at par with the globalization and the changing pattern of economy.

Conclusion

In conclusion, it can be stated that having dual credentials by earning US CMA and CPA simultaneously is rated as an extreme level of proficiency in the global accounting fraternity that provides versatility, greater earning potential, help attaining top level of corporate hierarchy, and so on. After going through this article, if you wanna kickstart your journey in either of this accounting career separately or simultaneously, Uplift Professionals is ready to help you to achieve your dream.

Choose the best US CPA and US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CMA, US CPA US course, US CIA course in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of the exclusive features include –

A. Authorized partner of IMA and Gleim in India

B. High pass rate of 85 %

C. Live online classes ensuring that the regular office working hours is least impacted

D. 1:1 personal support from our 30 plus years of experienced US CMA and CPA US course certified faculties

E. Affordable course fees

F. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

G. 100 % placement assistance for jobs

Uplift Pro- Best US CMA course training in India-testimony

Request for Live Demo class / contact at +91-8787088850 to book your seats now. 

Tags

957 thoughts on “US CMA + US CPA : -The Benefits of Dual Certification in Accounting”

  425. Sweet Bonanza Xmas es una de las tragamonedas más divertidas por lo colorido de sus diseños y los muñecos de nieve en el fondo del juego que te harán sentir en un mundo mágico de Navidad. Sabemos que querrías comerte todos los dulces que ves deambulando por Sweet Bonanza Xmas. Pero recuerda que tu objetivo es reunirlos de a 5 para obtener premios en efectivo. Como el juego posee la función Tumble, cada vez que formes una combinación ganadora, los símbolos intervinientes desaparecerán y el resto caerá al fondo del tablero para dejarle lugar a otros nuevos. Esta avalancha continúa mientras sigas obteniendo combinaciones ganadoras. ¡Y puede ser infinita! Al acceder, utilizar o navegar continuamente por este sitio web, usted acepta que Playcet utilice determinadas cookies del navegador para mejorar su experiencia con nosotros. Esto no interferirá con su privacidad.
    https://colegioaguaviva.com.br/blog/review-del-juego-balloon-de-smartsoft-la-diversion-que-aumenta-mientras-mas-juegas/
    Lucky Neko (PG Soft): Featuring increasing multiplier symbols and a rewarding free spins feature with the potential for stacked wilds, Lucky Neko is often cited by players as having “gacor” potential, especially during bonus rounds. Puede ajustarlos de tal manera que con solo dos o tres giros, Bingo y Tarjetas para Raspar. Tragaperras online sweet bonanza xmas probar un juego nuevo de vez en cuando te permitirá pensar, los cambios en las regulaciones te dificultaron encontrar un casino en línea confiable donde puedas jugar tragamonedas y máquinas de póquer – o cualquier otro tipo de juegos de casino en línea. Debido al diseño exclusivo de Surf Casino para dispositivos móviles, cuando el mercado de los casinos virtuales recién comenzaba. Puedes jugar a juegos de mesa tradicionales sin problemas, por lo que no nos sorprendió ver que la compañía ha recogido una serie de premios.

  508. Another reason to choose 1Win is that it offers generous bonuses. 1Win welcomes new users with enticing welcome bonuses, immediately boosting your JetX betting adventure. In the event of losses, 1Win often provides cashback offers, returning a percentage of your losses. The platform also has a loyalty program that provides loyal members of the sites with many perks and benefits. Explore the main features JetX comes with and unlock almost endless gambling opportunities! Use the 1Win casino bonus. The game is eligible for wagering the welcome package. Among other benefits are: Multiple factors contribute to why 1Win stands out as the top choice for JetX players. The 1Win JetX application download provides seamless game access on desktop and mobile platforms which guarantees smooth play at any time and place. Users can enjoy JetX without interruptions because of the casino’s mobile-friendly interface and responsive design.
    https://auranailstudio.co.nz/balloon-betting-game-mechanics-and-advanced-tactics-a-smartsoft-review/
    рџљЂ Play JetX Casino Winning in Aviator requires a combination of strategy, discipline, and a bit of luck. While the outcomes in Aviator are determined by a Random Number Generator (RNG), making it impossible to predict results accurately, there are several strategies players can use to manage their bets and improve their chances. Here, we’ll outline some popular approaches and tactics. We recommend testing any strategy in demo mode first to avoid unnecessary losses. Demo mode available without registration, perfect for players to practice and refine strategies. JetX is an intriguing and popular game that entices players with quick multipliers and the opportunity to win large. Let’s look at some of the most efficient strategies for increasing your chances of winning and playing more effectively.

  611. Even though Space XY is new on the market, some players have managed to win big money. Several times the multiplication factor was x7000, which even at small bets gave good winnings. This is the 4x higher sample rate version of the HX711, suitable for probing. Experience the cosmos like never before! The BGaming team proudly presents an innovative gaming experience. Dive into ‘Space XY’, a groundbreaking game where you’ll virtually board a space rocket and soar to unparalleled heights. Monitor your rocket’s journey through the X and Y axes, place wagers, and steer your ship towards the stars! Multiply your bets, aim for the highest multipliers, and seize substantial rewards. But remember, to secure your winnings, you must disembark the rocket before it shatters. Prepare for lift-off; endless adventures beckon.
    https://pitchwall.co/user/nactcorpiabu1973
    Place your wager in Aviatrix and prepare your aircraft for take-off or use the automatic play. You can halt the win multiplier at any time after it has begun and withdraw the existing reward. The prize you can win increases with the high of your trip! To register and start playing Aviatrix, you need to open the official website and click on the “Register” or “Register” button. You will then be required to fill out all required fields on the registration form, including your personal information. Once registration is completed, you can make your first deposit and start playing Aviatrix. Hello Everyone, If you prefer a low-risk approach in the Aviatrix game, a minimal-risk strategy might be the best choice. This approach prioritizes consistency and aims to prevent substantial losses while still allowing steady gains. The key is to bet small amounts on low-risk outcomes. Here is a detailed breakdown:

  683. Usando este bônus, você terá mais fundos para explorar o jogo do tigrinho grátis, ao mesmo tempo que aumenta suas chances de acionar as funções de bônus e ganhar ganhos significativos. É uma oportunidade de ouro para descobrir Fortune Tiger e viver plenamente a aventura do ‘jogo do tigre’, otimizando seu orçamento de jogo. Os pagamentos de Dragon Tiger Luck funcionam assim: Fortune Dragon, também da PG Soft, é uma opção para quem procura uma experiência de jogo semelhante mas talvez com uma dinâmica um pouco diferente. Assim como o Fortune Tiger, ele oferece uma imersão em elementos culturais asiáticos, mas com sua própria identidade visual e características de jogo. O Sonic5k.br é o seu novo site brasileiro favorito de comparação de cassinos online. Você pode encontrar guias úteis sobre o e-gaming, novidades sobre os cassinos e principalmente críticas dos nossos especialistas em gaming. A nossa missão é criar a maior comunidade de jogos online no universo do gambling.
    http://wp-danmark.dk/forum/profile/bolanvimi1977
    A seção de caça-níqueis do 26BET Game Casino é uma coleção de jogos empolgantes e de alta qualidade, projetados com as preferências de cada jogador em mente. Quer seja um fã das clássicas máquinas de frutas ou esteja procurando a emoção dos mais recentes caça-níqueis de vídeo, a coleção é cuidadosamente selecionada para lhe proporcionar uma experiência de jogo excepcional. A segurança é uma prioridade máxima, garantindo que sua experiência de jogo seja segura e agradável. Com a variedade de jogos de caça-níqueis disponíveis, cada jogador tem a garantia de encontrar um jogo que se adapte ao seu gosto. Aqui você poderá ver jogos como: Condições do jogo Fortune Tiger no 26Bet cassino online: A seção de caça-níqueis do 26BET Game Casino é uma coleção de jogos empolgantes e de alta qualidade, projetados com as preferências de cada jogador em mente. Quer seja um fã das clássicas máquinas de frutas ou esteja procurando a emoção dos mais recentes caça-níqueis de vídeo, a coleção é cuidadosamente selecionada para lhe proporcionar uma experiência de jogo excepcional. A segurança é uma prioridade máxima, garantindo que sua experiência de jogo seja segura e agradável. Com a variedade de jogos de caça-níqueis disponíveis, cada jogador tem a garantia de encontrar um jogo que se adapte ao seu gosto. Aqui você poderá ver jogos como:

Leave a Reply

Your email address will not be published. Required fields are marked *