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