Accounting

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There are several factors that are considered for one to be a certified management accountant. Some of the requirements include completing and passing of the CMA exams both part one and two. The individual must be an active member of the IMA and also must have two years experience in the financial management or management accounting (“Certified Management Accountant Education Requirements And Career Info” np). And also the accountant must be qualified as required by the independent evaluation agency regarding the degree that s/he hold from the college. On the other hand, for one to be a certified internal auditor, s/he must be a degree holder from the recognized university or college and should be qualified for the certification as well as having a quality assurance with at least two years experience in the internal audit (“IIA Career Opportunities” np). Finally, for one to become a certified forensic accountant, s/he must be a degree holder in the accounting or business or any other relevant field. The individual must have passed an exam of a certified public accountant.
Some of the advantages of the certified management accountant include the unique skills that help the appropriate management delivery in the organization. The individual trained in the CMA field have high skills in the innovation and conducting of business management (“Certified Management Accountant Education Requirements And Career Info” np). The CIA, however, has the advantage to the organization since they keep the activities and the transactions done in the organization in check.

The certified forensic accountant leads to better visibility as well as creating job opportunity to the those who have studied the course and also enhance the management of the of the business (“Eligibility Requirements” np). The investigations of the activities in the organization are also enabled through the learning of the certified forensic accountant. The disadvantages of the CMA include the high expenses in studying the course and also the hardness of the course and the exam that is studied by the learners. The CIA also requires much cash to study as well too much time taken during the study (“IIA Career Opportunities” np). The certified forensic accountant also requires much money to study (“Forensic Accounting” np).
The careers in management accounting include the budget analyst who is responsible for the estimation of the cost, management analyst, and budget accountant. The other careers for the CMA are the accounting manager, chief financial officer, controller and the financial analyst among others. Some of the career opportunities in the certified internal auditor include the chief internal auditor, the internal auditor, the business management consultant, senior manager auditor among others. Finally, some of the career opportunities in the certified forensic accounting include the certified fraud examiner, certified in financial forensics credential as well as a certified public accountant (“Forensic Accounting” np).
The services offered by the CMA include regulation of the market practices and also the market intermediaries. The CMA also offers a financial plan and also updating these plans annually. The CIA, on the other hand, assures the clients that the controllers and systems are in place as well as proper use of funds (“IIA Career Opportunities” np). The CIA also ensures that the assets are safeguarded.
The certified management accountant gives the individual skills of managing the business or an organization. Through the good management, the individual can make a better profit in the firm. The skills acquired in the certified internal auditor give the learners the skills to know the problems that might be leading to the failure of the organization (“Eligibility Requirements” np). It also gives them the opportunity to access the progress of the organization. The certified forensic accountant, however, requires the skills needed in the analysis of the fraud in the organization.
Works Cited
” Advantages And Disadvantages Of Forensic Accounting.” ConnectUS. N.p., 2015. Web. 8 Jan. 2018.
“Certified Management Accountant Education Requirements And Career Info.” Study.com. N.p., 2018. Web. 8 Jan. 2018.
“Eligibility Requirements.” Na.theiia.org. N.p., 2018. Web. 8 Jan. 2018.
“IIA Career Opportunities.” Na.theiia.org. N.p., 2018. Web. 8 Jan. 2018.