Homework SourseInvestigate the difference between a CMA and a CPA and the t
Investigate the difference between a CMA and a CPA and the testing requirements of both. Which one would be more appropriate for a person working for a small internet startup? Explain how cost accounting is used by such a business to grow larger.
Solution
CMA
2ND PART:-IN MY OPINION CMA WOULD BE MORE PREFERRED, SINCE THIS COURSE EXPANDS OUR FINANCIAL ACCOUNTING KNOWLEDGE BY INCULCATING STRATEGIC MANGEMENT SKILLS WHICH IS A KEY FOR ANY STARTUP.
3RD PART:-COST ACCOUNTING HELPS TO ASCERTAIN THE COSTS ASSOCIATED WITH DIFFERENT DEPARTMENTS/UNITS IN AN ORGANISATION AND HELPS IN PLANNING OUR PRODUCTION WITH MINIMAL COSTS AND HIGHER PROFITS,
cost accounting is also very helpful for internal users for planning, controlling , bugeting , comparisons, and variance analysis.
| BASIS | CMA | CPA |
| EXPANDED FORM | CERTIFIED MANAGEMENT ACCOUNTANT | CERTIFIED PUBLIC ACCOUNTANT |
| EXPERTISE | FINANCIAL ACCOUNTING AND STRATEGIC MANAGEMENT | AUDITING AND TAXATION |
| EXAM LENGTH | 2 PART EXAM | 4 PART EXAM |
| PASSING % | 35 | 46 |
| EXPERIENCE REQUIREMENTS | 2 YEARS | 1-2 YEARS VARIED STATE TO STATE |
