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Certified Management Accountants Society of British Columbia

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Firms: 
Certified Management Accountants Society of British Columbia
Sponsors
Address:
Suite 1055 Two Bentall Center 555 Burrard Street, Box 269, Vancouver, BC V7X 1M8, Canada

Corporate Phone: 
604.687.5891 or toll-free: 1.800.663.9646
Email: 
Contact Firm
Website: 
http://www.cmabc.com

Certified Management Accountants are more than just accountants. CMAs provide employers with the ideal balance of three essential and interdependent business disciplines: accounting, management and strategy. Supported by six functional and four enabling competencies, CMAs do more than measure value – they create it. This powerful combination of skills defines the CMA’s unique value to an organization and makes the CMA the designation of choice.

CMAs are able to apply the best contemporary and emerging accounting practices in a wide array of business functions including strategic planning, sales and marketing, information technology, human resources, finance, and operations. They bring a strong market focus to strategic management and resource deployment, synthesizing and analyzing financial and non-financial information to develop total business solutions. They identify new market opportunities and maximize shareholder value.

What is the difference between the 3 major accounting designations in Canada – CMA, CA, CGA?

Picture accounting as a wide spectrum of services with public accounting, audit and tax on one end, and accounting in industry and government on the other. The Chartered Accounting (CA) designation focuses on tax and audit. The Certified General Accounting (CGA) designation provides general, technical instruction in financial and management accounting, tax and audit.

What is the difference between a CMA and an MBA?

A Masters in Business Administration (MBA) is a general strategic management degree. A CMA is a designation that provides strategic financial management foundation. As such, a CMA relative to an MBA has a greater focus on the financial aspects of business decision-making.

Another differentiation is that an MBA is an academic degree that is earned at a specific point in time for mastering a specific level of knowledge. A CMA is a designation that attests to an individual’s mastery of, and ongoing competence in, a particular profession. In addition, a member of a professional designation must abide by their professional body’s Rules of Professional Conduct.

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