Although: once I set foot on the financial road, I was full of tears and sadness. However, finance is still a hot major that attracts a large number of people to apply for the exam. CPA, ACCA and CMA are the three most popular financial certifications in China. Every year, the relevant exams are crowded with people, and countless candidates are gearing up to obtain professional financial certificates. Since this is the case, who will be more popular in the future, CPA, ACCA and CMA?
CPA is a certified public accountant in China, ACCA is a certified public accountant in chartered certified accountants and CMA is a certified management accountant in the United States. The fundamental difference among them is that CPA and ACCA are financial accounting and CMA is management accounting. Below, we will elaborate through the way of double contrast.
Comparison of cma, cpa and acca salary
CMA and CPA
The reason why certified public accountants are favored is that they have the only right to sign in China, but their content mainly lies in using the knowledge of financial accounting to help enterprises hear statements and financial data; CMA is an American certified management accountant, focusing on management accounting. CMA is based on the data analysis of financial accounting, adding management and business content to financial accounting, emphasizing that everything starts from the whole and the overall situation. The essential difference between management accounting and certified public accountants is that certified public accountants "do accounting" and management accounting "use accounting".
In addition, because CMA's knowledge system involves risk management, budget management and other aspects, it will certainly be more popular.
CMA and ACCA
Although ACCA also has knowledge of management accounting, it focuses on financial accounting, and introduces the British financial knowledge system in detail. It can be said that taking ACCA will have a full understanding of the structure and system of financial accounting.
CMA focuses on the cultivation and development of management accounting. The examination involves knowledge and skills in accounting, strategy, market, management, finance, information system and so on. The purpose is to expand the knowledge breadth of financial management accountants, cultivate their ability to predict business needs and strategic decisions, and successfully realize the role transformation of financial personnel.