Souder Scenna and Associates, LLC
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389 W. Ridge Pike
Limerick, PA 19468
Phone: 610-489-9600
Fax: 610-489-1897

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CMA vs CPA


The CMA/CFM credentials differ significantly from the CPA designation, and the decision to pursue one over the other depends entirely on one's career goals. For a career in public accounting, the CPA designation is appropriate - and required by state law. However, more than 80% of accounting professionals in the U.S. work inside organizations, building quality financial practices into the organization through decision support, planning, and control over the organization's value-creating operations. For these managerial finance and accounting professionals - who represent the majority of the profession - the appropriate certification is the CMA/CFM.

 

CMA/CFM

CPA

Credentials: Designation:
  • International recognition
  • Targeted to corporate financial professionals
  • Broad-based, industry-related content
  • Limited to U.S.; a state designation
  • Targeted to public accounting
  • Content for public practice
Knowledge-Based Professional: Skill-Based Professional:
  • Preparer/user of accounting information
  • Concept-based
  • "Inside" corporate professionals
  • Higher-quality, lower cost "beans"
  • "Player"
  • Auditor of accounting information
  • Rule-based
  • Public practice licensure
  • Attesting to the accuracy of the "beans"
  • "Referee"


CMA vs. CPA
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