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Difference Between CA and CMA

business and financeThe Difference Between a CA and a CMA ‘“ with the Focus on Financial and Accounting Management

There are many differences between a CA and a CMA, although they are both accounting designations, and the qualifications that a person would need in order to succeed in the professional field of Accountancy. CA is the abbreviation for Chartered Accountant, and CMA stands for Certified Management Accountant.

A Chartered Accountant qualification is a program for ambitious and talented candidates, and those who are eager to have a winning career. It is basically a three year program, where the candidate will obtain practical knowledge from a recognized CA training facility. Chartered Accountants work for the finance and business industry, and this may include private sectors, public works or government sectors.

There are many Chartered Accountant academies, and these institutions offer various accounting packages, and give full support to their students by providing technical libraries, a technical helpline and advisory services. They provide openings for business and career development.

In 1854, Chartered Accountancy began in Britain, and the first body of Chartered Accountants were formed by the Glasgow Institute of Accountants and Actuaries. The Edinburgh Society of Accountants and the Aberdeen Society of Accountants were formed in 1867. These are some of the internationally recommended professional designations.

On the other hand, CMA is a complete program that focuses on financial and accounting management. The study of Certified Management Accountancy includes cost management, corporate finance, economics, performance management, internal controls, decision analysis, financial reporting, strategic planning and organizational management.

The CMA focuses of four major areas of study:
Business Applications
Business Analysis
Strategic Management
Management Accounting and Reporting

The points mentioned below, are some important criterion that CMA candidates should follow:

Education: All candidates must have a Bachelors degree, in any area, and from a recognized university or college.

Employment: Candidates must acquire two years of professional experience in financial and accounting management, within seven years of passing the exam. This experience will strengthen the ethics of financial and accounting management.

Moral Principals: CMA candidates should be willing to conduct their business in accordance to moral principals.

Membership: CMA candidates must have a membership with a recognized institution.

Enduring Education: After the completion of the CMA qualification, the candidate must cover thirty hours of CPE, in the time frame of one year. This includes two hours of study in the area of principles.

Both the CA and the CMA are able to fulfill all business and financial needs, with the focus being on financial and accounting management, although, the subjects studied within the qualifications differ from one another. The CA and the CMA are both excellent accounting designations, but it is up to the individual to determine his ideal education.

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  1. CMA exemptions after b.com tell.????

  2. Who said u that degree is compulsory for CMA??if you don’t know,keep silence..don’t give people wrong information

  3. Which is higer and which is more difficult

    • Obviously CMA. CA is quite easy than CMA because the syllabus of icmai is much more than the ca course and the passing percentage also contains a lower rate under cma which is about 10 to 12 percent and under ca it is about 20 to 25%.

  4. Thanks ..this was helpful !

  5. I compleet my degree in 2018 iam serching for a good cource which is good cma or ca

  6. hi , please tell me the complete details about cma course if any having division in that and with a good coaching centres please ……………
    It ll help a lot with ur helpul suggestion

  7. Please tell me what is right CA/CMA

    And tell me complete details of CMA

    What qualifications are required for CMA

    Please tell me

    • If you have finished 12th and applied for the both. 3 levels are having in both CA and CMA for 12th qualified people.That 1st level is foundation and the 2nd level is intermediate and the final level. If you have finished degree .you would not write foundation for both.

  8. Can a CMA profession audit and certify an account as it is in the case of CA professional ?

    • No cma cannot certify the financial accounts of an entity rather they can certify and audit the cost records and accounts of an entity.

  9. Hello,
    I am interested to do CMA but I need to know the total subjects offered in CMA and how much exemption could I get based on my current qualification which is as under
    BBS(h) specialization Finance
    MPHIL Specialization Finance
    PhD. Specialization Finance

    Also guide about coaching classes, fee structure and admission details as well.
    Thanks and Regard’s

  10. sir, i need the syllabus differences between ca and cma at foundation level

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