CGMA: Global Management Accounting Designation Launched by AICPA and CIMA
by AccountingWEB on
By Anne Rosivach
In a joint venture, the American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA) have launched a new global accounting designation – Chartered Global Management Accountant (CGMA) – that recognizes the unique skills of professional management accountants working in business.
The CGMA is available to members of both organizations. AICPA members can explore the benefits of the designation for free until July 31, 2012. After that, a designation fee of $150 ($100 for CGMAs who are members of both the AICPA and a state society) will be added to their AICPA renewal form. The CGMA is free for CIMA members.
Benefits of the CGMA
The new designation gives professional accountants access to information, tools, products, and a global network. Some of the benefits listed on the CGMA site include:
- Website and publications: Access to CGMA publications, including CGMA Magazine and the CGMA Newsletter.
- Community/Global Network: Connect to a global network of peers via CGMA's online community.
- Tools: Planning tools, checklists, decision trees, an enterprise risk management assessment tool, and real-world case studies.
- Reports: Research, tools and techniques, and strategic insights from experts on key issues facing businesses in the global economy.
- Professional development: Online courses, webinars, digital publications, and conferences are available at special pricing for CGMA holders.
Experience requirements for AICPA members
To qualify for the CGMA credential, AICPA members must meet just one of the CGMA experience requirement options. The options are a minimum of:
- Three years of financial (including internal audit) or management accounting experience in business, industry, or government; or
- Two years of financial or management accounting experience plus one year in public accounting; or
- Three years of financial/management accounting experience on a consulting basis; or
- Three years in a management accounting role focused on the management and operation of an accounting firm.
You may like these other stories...
IRS must take oath on Lerner emails: judgeMackenzie Weinger of Politico reported on Thursday that a federal judge ordered the IRS to explain under oath how it lost emails connected to Lois Lerner, the ex-IRS official at the...
Credit Suisse says pension assets at risk unless court delays sentencingJohn Letzing of the Wall Street Journal reported on Wednesday that Credit Suisse Group AG says its management of billions of dollars in assets for...
The prospect of International Financial Reporting Standards (IFRS) being fully adopted in the United States in the near future are growing less likely, as the Financial Accounting Standards Board (FASB) and the International...
Upcoming CPE Webinars
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
FRF for SMEs Series--Statement of Cash Flows, Subsequent Events, Related Party Issues, Accounting for Investments including Consolidations, Part 4A
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.