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Difference Between CGA and CMA

accountingCGA vs CMA

The abbreviation of CGA stands for Certified General Accountant, and CMA stands for Certified Management Accountant. The Certified Management Accountant focuses on managerial accounting tasks, and this employment position is frequently available within the field of accountancy. The Certified General Accountant is a similar position that is also in high demand within the industry.

Contrary to the belief that an individual needs to have a degree in commerce in order to qualify for a CGA program, only a Bachelor’s degree, focused on any area of study, is required. There are courses available, which cover a period of two years or so, that will qualify an individual for the CGA program. An individual who has accomplished good academic credentials, a BA degree and relevant commerce degrees, should be highly successful in finding work as a CGA. People who train to be a CGA should have excellent communication skills and well-rounded interpersonal skills. The following are some points worth mentioning about the CGA program:

People who are interested in CGA programs can also study through correspondence.

After completion of the relevant courses and a Bachelor’s degree, the individual can successfully compete the entrance exam for a CGA designation.

The CGA program has a point system that comprises of sufficient working experience, in order to prepare the individual for the rigorous working environment of an accounting firm.

A CGA program comprises of two to three years of full-time work. A certain number of hours need to be completed, therefore, if you are working on a part-time basis, it may take longer to complete the full course.

All that is needed is the recommendations from your CGA evaluators and employers, in order to establish yourself as a professional in this accounting field.

CMA programs, on the other hand, enable the individual to be successful in managerial accounting tasks. Creativity is required by the CMA in order to solve various financial problems. A university degree is required before you can complete the entrance exam for a CMA. In the exam, your talents and skills on business knowledge, analytical approach and written communication, will be tested. Once the exam has been successfully completed, you may enroll for the CMA strategic leadership program, in which you will have two years to perform practical applications of the accountancy related to this field.

This work experience assists the individual with the discussion process. In this process, you, fellow candidates and the program moderators, will perform various discussions based on real life business scenarios, in face-to-face sessions. A complete management report will need to be submitted as well. This type of learning format offers the student an opportunity to enhance the most important aspects of CMA study ‘“ communication and negotiation skills.

Summary:

1.CGA programs can be managed through correspondence.
2.CMA programs can be joined after the successful completion of the entrance exam.
3.CGA programs are based on working experience, whereas, CMA programs are based on face-to-face sessions, where the essential skills of communication and negotiation are enhanced.


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7 Comments

  1. This article is some what true but all of the facts are not correct. In order to become a CMA work experience is required just like the CGA designation. Also the work experience reuired for the CGA designation does not have to be at a firm. The work experience required for the CGA designation has to be two years or more at an intermediated level or higher within any industry as lonng as the experience is within accounting or finance.

  2. Just wanted to ask, which certificate are more acceptable in Canada the CMA or CGA

    Also if I have a previous work experience outside Canada will that be considered to be CMA/CGA certified.

  3. You can transfer some credits from your previous education. If you find a job in the finance world then you can keep working toward CGA. As it says with any degree you can enroll into CGA.

    Fast Facts : CGAs are broadly trained professionals skilled in financial management, leadership and innovation.
    CGAs must hold a bachelor’s degree in business or other education before entering the PACE program. A growing number of students are entering the PACE program right out of university. Students who do not already have a degree have the option of enrolling in the CGA degree partner programs.

    PACE-level elective courses provide depth in areas of corporate/small-medium enterprises, government/not-for-profit, information management and public practice. Candidates must prove that they can apply their skills in real-world situations and be strategic.

    To earn the CGA designation, students normally require 36 months of supervised work experience, but in all cases require 24 months. They may meet the experience requirement in any business sector and in a variety of fields.

    The work experience options available to students are exceptionally varied. Students can work in the private sector, government and not-for-profits, and CGA public practice accounting firms. Indeed, the scope of opportunity is a key attraction for many students. The resulting breadth of experience is a key attraction for many employers.

    CGAs maintain their skills through mandatory continuing professional development, and are governed by a comprehensive code of ethical principles and rules of conduct.

    For CGA : http://www.cga-canada.org/en-ca/Programs/Overview/PublishingImages/ca_courses.jpg

    For CMA : http://www.cpacanada.ca/?CFID=28914485&CFTOKEN=96860482

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