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Showing posts with the label accountant

CMAs To Deliver Both Profit & Purpose For Businesses

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The conventional number-crunching Certified Management Accountant (CMA), running through historical records and churning out financial statements, is rapidly dying out as organizations need a broader perspective than just the bottom line. Making US CMA certification as a go to credential to get recognized in the  F&A space.  The accounting and finance role can become a proactive and forward-thinking strategic business partner, emphasizing profit as well as purpose. However, to achieve this, CMA review courses driven by industry experts can give a deeper dive into the accounting management skills required to collect and decipher data on business performance beyond just bottom lines. Finance Data Redefined by CMAs The “six capitals of integrated reporting” - financial, intellectual, human, natural, manufacturing, social, and relationship - can help recognize the insights CMAs must deliver.  Financial resources are no longer something to look at separately. CMA trainin...

CPA to ace at your own pace

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  AUD, BEC, FAR, or REG scheduling the First & the Next Before making a choice of the subjects in CPA, it is better to understand them first! CPA comprises four sections.  Auditing & Attestation (AUD) Business Environment & Concepts (BEC) Financial Accounting & Reporting (FAR) Regulation (REG) One of the biggest challenges is to prioritize which section you should be pursuing first after your graduation. If you are not confident, it is better to avoid guesswork! But if one of the sections at your review classes is AUD, then lock it as your primary option. Those working in the financial sector handling tax would choose REG as their first choice. Scoring high in a particular section and stressing less importance on other sections would not help much as you need to have 75% in every section. To achieve this, you need constant effort and focus. An alternative choice is one can opt for BEC first. From the Exam Section Performance analysis by NASBA, it ...

How CPAs can help you escape Financial Fraud?

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Do you keep a count on the number we encounter today? Be it tax scam, immigration scam, charity scam, social networking scam, fake check scam, or the grandparent scam, it’s causing havoc in the finance world.  And who is in the role of busting the fraudster?  We have accountants to fight financial fraud. They are the true superheroes who are busting frauds for decades.   Accountants pride themselves on their role as protectors of their clients -- using their continuing education; vast resources from the IRS and industry; and even the audit process to help business owners and investors to side-step the worst of scenarios. 1.   Reallocating the accounting duties Because of their size, many small businesses have one person that always handles bookkeeping functions such as client receivables, processing client payments, paying invoices, managing petty cash, and recording these functions in their accounting system. This makes it easy for cases of fraud to go unnotic...

Why Should You Pursue CPA After CMA? - The Dual Benefit

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B.Com fresher or finance graduates are quite competitive when they start with their first job. It’s rather common among them to constantly chase for certifications and what’s after, just to match up with their fellow contemporaries. For those who are imaging whether it is quite required, then I would say it is quite required and why so no when to have the chance to stand out.  To underline that US CPA & CMA after your name or on your resume, you should not think twice. Both are stand-alone certifications that ladder your career to the pinnacle. Plus, you will have a higher pay scale when you are a certified accountant.  The basic difference between the CPA and the CMA certification is that they have different responsibilities that they perform at the organization level. CPAs are more focused on the accounting disciplines where CMA has a unique blend of business administration with accounting responsibilities.  Here is why having CPA + CMA will have the benefits -...