...criteria used to test candidates’ mastery of effective writing. The chapter discusses CPA and CMA exams and how we can become effective in the writing sections of these exams. This chapter also provides us tips for preparing and taking the professional exams. Writing for CPA Exam Since 2013, three tasks requiring written responses have been include in the Business Environment Concepts BEC section of the CPA exam. Each of these questions require specific format, usually that of a typical business documents such as memo or letter. The specific writing skills tested on the CPA exam include the following: * Organization * Development * Expression The AICPA has identified problem solving skills, among others, as important for success on the CPA exam. In the exam, candidates should be able to * Apply professional skepticism * Identify and solve unstructured problems * Develop reasonable hypothesis to solve a problem * Develop creative ways of thinking about situation * Develop logical conclusion through the use of inductive and deductive reasoning Writing for CMA Exam Writing skills and critical thinking skills are also essential for success on the CMA exam. CMA exam evaluate a candidate’s ability to analyze, evaluate and communicate, as well as candidate’s mastery of accounting concepts and technical skills. In addition the following writing skills are evaluated in the CMA exam. * Use of Standard English: Proper grammar, punctuation and spelling * Organization:...
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...CMA Certification Franklin University Professor 10 May 2013 CMA Certification CMA stands for Certified Management Accountant and it is the “advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance” (How To Become a CMA, n.d.). The Institute of Management Accountants governs the CMA exam and there are quite a few requirements one must meet in order to even be eligible to sit for the exam. First of all, you must be a member of the Institute of Management Accountants to be eligible for the CMA program. The other eligibility criteria includes paying the entrance fee, satisfying the education qualification, satisfying the experience qualification, receiving passing scores for all required examination parts, and compliance with the IMA Statement of Ethical Professional Practice. The entrance fee for Professional members is $225 and the entrance fee for students and academic members (members U.S., Canada, or Mexico) is $75. The education qualification includes having a bachelor’s degree, in any area, from an accredited college or university. Applicants may also have degrees that are not from accredited institutions but they must be evaluated by an independent agency. To be eligible for the experience qualification, applicants must have at least 2 years of continuous professional experience in management accounting and/or financial management. This experience is expected to be gained...
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...Certified Management Account May 5th, 2010 The CMA certification was developed in 1972 to provide an objective measure of an individual’s knowledge and competence in the field of management accounting. (Institute of Certified Managment Accountants, 2009, p. 1) The CMA exam is made up of different components that test the skills an accountant or another individual in the finance field would use on the job including financial planning, analysis, control, and decision support. (Institute of Certified Managment Accountants, 2009, p. 1) There are numerous requirements for taking the CMA exam, as well as to maintain your CMA certificate but they are only mediocre compared to the benefits the Certified Management Accountant Certificate can do for you. The CMA exam is administered, developed and graded by the Board of Regents of the Institute of Certified Management Accountants. (Institute of Certified Managment Accountants, 2009, p. 2) The Board of Regents also has the responsibility to evaluate and validate the CMA applications to make sure they have meant all the requirements to be a CMA. (Institute of Certified Managment Accountants, 2009, p. 2) To be eligible to take the CMA exam you much first become a member of the IMA and pay an entrance fee, $200 for regular members but only $75.00 for any students. (Institute of Certified Managment Accountants, 2009, p. 3) Once a member of IMA the Board of Regents will make sure that you have a Bachelors Degree from an accredited...
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...ACCT330 –V1WW (F14) Deborah Bowsher September 21, 2014 Certified Management Accountant Certified Management Accountant (CMA) is one of the most beneficial certification obtained after receiving an undergraduate degree. In today’s high demands and competitive workforce the ability to have credentials with such employment diversity is astonishing. There are some opportunities with a wide range of employers including government agencies and private businesses. With job titles as management accountant, cost accountant, managerial accountant, industrial accountant, private accountant or corporate accountant all career opportunities are unlimited. Most employers’ believe that a CMA candidate is more qualified and experience with managing a business finances versus a noncertified candidate. The Institute of Management Accountant (IMA) is the organization that administers the CMA exam. There are 4 main requirements to sit for the CMA test. First and most important is obtaining your Bachelor’s Degree from an accredited University of College. Secondly, you must become a member of the IMA. The third requirement is passing both part one and part two of the CMA exam. Lastly, you have to have two years of continuous professional experience in management accounting or financial accounting. (IMA, n.d., How Do I Enroll in CMA) Let’s discuss IMA fees associated for the CMA certification. There are several obligatory fees that differentiate with discounts for qualified members and professionals...
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...Tavonna Triplett Career Paper Accounting The different types of accounting careers are Public, Government, National, Management, Financial, Tax, and. Fiduciary Accounting. Public accounting is the most varied type and includes bookkeeping, account management and financial analysis for individuals, private businesses, public firms, government or NGOs, which are either based nationally are internationally. A public accounting business can have one or more accountants and both certified and non-certified accountants can provide public accounting services to their clients. Government Accounting specific to government agencies and ensures all revenues and expenditure are in accordance to law. The conventional accounting methods of double entry system in ledgers and journals are used here. Government accounting is differentiated from other types of accounting in respect of providing service that is not profit based but service based. Government accountants are employed by the federal government, either as a part of the IRS or any other budget or asset management division. National Income Accounting is mainly for the government and is responsible for providing the general public the data with reference to the gross national product about all market-related information, such as the value of the country's goods and services provided and its purchasing power. National income accounting gives an idea about the state of economy of a country and how and where money is being generated...
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...Exercise 2-3 To: Jim Kakes From: Zhenqun Huang Subject: Suggestion about CMA Date: Sep. 10 2012 This memo is in response to your questions hiring a CMA. This memo will first explain Certified Management Accountant (CMA) and then discuss the value of CMA to the company. After you know the designation of CMA, you will be better able to decide whether the extra amount salary is worth. What Is Certified Management Accountant (CMA)? The title Certified Management Accountant (CMA) is used by various professional bodies around the world to designate their different professional certifications. CMA is also called as The Institute of Management Accountants (IMA) in the United State. IMA is a collective voice of accountants and financial professionals around the world who work in business, with job responsibilities distinct from those in public accounting. The Value of CMA to the Company IMA raises awareness of management accounting, which includes jobs in decision support, plan, and control positions. Some common job titles for management accountants include: Chief Financial Officer (CFO), Treasurer, Vice President of Finance, Controller, Treasurer, Finance Manager, Internal Auditor, Corporate or Division Planner, Cost Accountant, and Staff Accountant. The four-part CMA exam covers a wider body of knowledge, including Business Analysis, Management Accounting and Reporting, Strategic Management, and Business Applications which give the accounting staff a broader background...
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...注册管理会计师认证(CMA)： --企业会计和财务人员的黄金认证 《注册管理会计师认证手册》：注册管理会计师认证 要求及信息指南 Welcome to the CMA Program! 欢迎报考注册管理会计师认证考试 The Institute of Management Accountants is dedicated to excellence within the management accounting profession. The Certified Management Accountant (CMA®) designation was developed in 1972 to provide an objective measure of an individual’s knowledge and competence in the field of management accounting. Only the CMA program recognizes the unique proficiencies required for success in this challenging profession. 美国管理会计师协会致力于实现管理会计职业的卓越发展。注册管理会计师 (CMA®) 认证始于 1972 年，旨在客观地衡量个人在管理会计领域的知识和能力。 只有注册管理会计师认证考试才能识别这一颇具挑战性的职业取得成功所需的独特 专业能力。 The Institute of Certified Management Accountants (ICMA®) regularly reviews the content of the CMA exam to ensure that current topics are appropriately updated and relevant to business practice. Connectivity of a practical Body of Knowledge to the workplace is important. The CMA exam aligns with the knowledge, skills and abilities that an accountant or finance professional in business uses on the job today – financial planning, analysis, control, and decision support. These skills are critical to the success of finance teams. 管理会计师协会(ICMA®)会定期审查注册管理会计师的考试内容，以确保考试题 目已适时更新并且符合商业实践。知识体系的实际应用是十分重要的。注册管理会 计师考试与当今会计或财务专业人员在工作中所应用的专业知识、技能与能力保持 一致——财务计划、分析、控制及决策支持。这些技能对财务团队获取成功至关重 要。 1 The CMA program has been designed to meet the evolving needs of business – today and tomorrow. We look forward to helping you achieve excellence...
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...John Bartlow Martin / The Blast in Centralia No. 5: A Mine Disaster No One Stopped Already the crowd had gathered. Cars clogged the short, black rock road from the highway to the mine, cars bearing curious spectators and relatives and friends of the men entombed. State troopers and deputy sheriffs and the prosecuting attorney came, and officials from the company, the Federal Bureau of Mines, the Illinois Department of Mines and Minerals. Ambulances ar- rived, and doctors and nurses and Red Cross workers and soldiers with stretchers from Scott Field. Mine res- cue teams came, and a federal rescue unit, experts bur- dened with masks and oxygen tanks and other awkward paraphernalia of disaster. . . . One hundred and eleven men were killed in that explosion. Killed needlessly, for almost everybody concerned had known for months, even years, that the mine was dangerous. Yet nobody had done any- thing effective about it. Why not? Let us examine the background of the explosion. Let us study the mine and the miners, Joe Bryant and Bill Rowekamp and some others, and also the numerous people who might have saved the miners’ lives but did not. The miners had appealed in various directions for help but got none, not from their state government nor their federal government nor their employer nor their own union. (In threading the maze of official- dom we must bear in mind four agencies in author- ity: The State of Illinois, the United States Government, the Centralia...
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...I first became involved in the Accounting Association Spring of 2010. I then pledged for the Beta Alpha Psi (BAP) organization and was initiated fall of 2010. I have been an active member since then and became BAP Membership chair spring of 2011. Becoming BAP membership chair is a privilege to me because I get to be the “welcoming person” to our organization. I am a good candidate for this position because I am friendly and very easy to get along with. Being a part of BAP is a wonderful experience. This organization creates many networking opportunities and great friendships as well. The Accounting Association and Beta Alpha Psi are a great part of the college experience and I am exceptionally glad that I decided to join. Hopefully I am having that same affect on other students who are pledging BAP. It makes college much more fun and beneficial having friends who are also in the same class. I am glad I became an active member of BAP and hope to branch this success off to others. I hope to become involved in many more activities over the entire campus so that I may broaden my experience and create more friendships. Write a total of one to three paragraphs about your employment experiences over the past five years. Be specific. Please describe all jobs you have held over the past five years. Include duties performed, employer name, and dates of employment. Also include hours worked per week. . I began as a part time cashier on the front end at Giant Eagle. This was the...
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...Abstract This essay is written to inform of the difference in financial accounting and managerial accounting. What is account first and foremost accounting is an information system that reports on the economic activities and financial condition of a business or other organization. Financial accounting and managerial accounting plays different roles in society. This essay is also written to inform the readers of the financial statements used in accounting and what impact each statement has on the accounting process. Accounting provides information that helps answer such questions, by taking a look at what it would cost, and how the costs are relevant to the survival of a business. Accounting is an information system that reports on the economic activities and financial conditions of a business or other organization. Do not underestimate the importance of accounting information. Communicating economic information is so important that accounting is frequently called the language of business. (Edmonds, 2012) Here are some questions about the role of accounting in Society according to Edmonds, Olds, McNair, and Tsay (2009). How should society allocate its resources? Should we spend more to harvest food or cure disease? Should we build computers or cars? Should we invest money in IBM or General Motors? Accounting provides information that helps answer such questions, by taking a look at what it would cost, and how the costs are relevant to whether a business survive or not. (Edmonds...
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...Cairo & Alexandria Stock Exchanges Working Paper Series Dr. Shahira Abdel Shahid September 2001 Corporate Governance is becoming a global pursuit: what could be done in Egypt? 1 Corporate Governance is becoming a global pursuit: what could be done in Egypt? Abstract: The paper defines corporate governance and explains the reasons for its becoming an important issue pursued by many countries in the last decade. Following, the various codes of corporate governance, used as a guidance for countries, which are set by international organizations such as World Bank, IMF and OECD are summarized. Next, the paper reviews corporate governance experiences in nine diverse, countries including both developed and emerging markets. Finally, the paper assesses corporate governance practices in Egypt, identifying existing problems and proposing recommendations in order to enhance corporate governance practices in Egypt. Acknowledgements: The Research & Markets Development Department at CASE is very pleased to present its first series of research papers that addresses an issue of both local and international importance, which is broadly examined by experts and researchers in both practice and academia. The author would like first to thank Dr. Sameh El Torgoman, Chairman of CASE, for his great support and encouragement. Dr. El Torgoman insisted that corporate governance becomes the first research working series paper to be written by Research & Markets Development, given the worldwide...
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...Careers Microcomputer Accounting II April 8, 2011 Find Out About Yourself I took the Career Interest Game. The three categories I selected were Conventional, Realistic, and Investigative which makes me CRI. My first choice was the Conventional otherwise known as “The Organizers.” I can relate to most of the list under the “Are You?” category. I am well organized, accurate, and efficient in most everything I set out to accomplish. I like things to be structured and organized. I always try to be polite but yet persistent in every task I pursue. I am practical and orderly and I like working with numbers. The methodical, thrifty and ambitious are probably the ones I do not agree pertain to me as a person. I agree with everything listed under the “Can You?” category since I do work with a lot of paperwork in a short period of time. My current position requires me to constantly work on a computer terminal and keep accurate records. I am also required to write business correspondence often and work in a team setting as well as individually. My job requires me to follow certain procedures and pay attention to detail. There is also a great deal of typing and data entry involved in my daily tasks. I also have to collect information and organize it in a specific manner. My work revolves around numbers and currency figures. The only thing on the list that I do not agree with is shorthand; I never took a class for it nor have I ever used it. Under the Conventional category...
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...Health Management: Overcoming Canadian Health Care Issues Canada is a country well known for many things, among the list of things it is known for would its universal health care system. Canada’s universal health care is known around the world. Unlike neighboring countries health care in Canada is share amongst all citizens, from rich to poor and young to old. If you ask many Canadians about their health care system they do address the fact that they are fortunate and happy to have universal health care but do have some issues with it. To fully understand Canada’s health care you must start to understand it from its core. The mismanagement of health care has resulted to long wait times and made it the biggest political issue facing Canadian health care (Rachlis, 2005). Wait times in Canada has become a major issue in the health care system and a major set back in providing good quality health services to Canadians. Along with addressing the issues of wait times I will also include the problems of packed emergency rooms, what exactly these wait times are and how it can improve. When ill or in pain, there is nothing more frightening or frustrating than having to wait for treatment. Many Canadian face long wait times for health services such as waiting to see a specialist, having a transplant or simply getting a check up at their local doctor office. Wait times in the Canadian health care system has become a problem for Canadians, despite polices which states equal access to...
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...Chapter I - Introduction (1.1) Title of the Research Project “An analysis of factors contributing to undue delays in the selection process of the Banking Trainees in the XYZ Bank”. (1.2) Definition of the Research area A critical review of the Bank’s selections process of Banking Trainees. (1.3) Statement of the Problem The total Banking Trainee budget for the year is around 300. However the recruitment unit will not be able to provide the budgetary requirement at the correct time due to undue delays in the selection process. The following key problems are caused to affect the Banking Trainee selection process. • Lack of technical competencies • Lengthy selection tools • Too more Documentation (1.4) Objectives of the Studies General Objectives Successfully completion of the professional Qualification in Human Resource Management conducted by IPM To improve my knowledge related to the Research methodology and Human Resource Management To give inputs to up brings the effectiveness of the Banking Trainee selection process of the Bank Specific objective To identify the factors affecting to delaying the selection process Create solution to improve the effectiveness of the selection process Fine tune the existing Banking trainee selection process (1.5) Scope of investigation Have to consider standard and time saving selection process in the field According to Research, Researcher would like to address the best...
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...download $ 37 00 Trial Access read full document, no print or download, expires after 72 hours $ 4 99 More infoBuy Share Share with Twitter Share with Facebook Share with LinkedIn Search 150 million articles from 12,000 publications Social Sciences > Economics Essays on monetary policy and currency unions: The case of the East African Community ProQuest Dissertations and Theses, 2011 Dissertation Author: John M. M Ssozi Abstract: Efficient conduct of monetary policy in a currency union demands that partner states have similar business cycles, inflation convergence and strong economic ties. The first essay investigates inflation convergence, which is important for a number of reasons: avoiding inflation bias and is an indicator of structural similarities. The essay goes beyond the traditional pairwise unit root tests and applies an unobserved dynamic factor model to test asymmetry in inflation variation. Convergence is measured by the percentage of variation in inflation that is common across countries. The results suggest inflation convergence in the EAC. The main contribution of this essay is the use of an unobserved component model to estimate the degree of inflation convergence in the EAC. The second essay investigates the degree of business cycle synchronization and the evolution of synchronization over time. Inflation divergence is an indicator of structural differences between countries....
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