Monday 6 June 2016

Roles Expand From CPAs to CMA, CFA and CITP

It would seem that in today's world, a CPA ranking isn't enough to satisfy top areas of company management. A CPA degree was previously a prerequisite before you became a company CFO.
So what do CMAs, CFAs and CITPs actually help you with?

According to Benjamin Mulling, a CPA-degree graduate:

“As business gets more complex, it’s helpful to have more specialization to deal with it,” said Mr. Mulling, who also holds a master’s degree in business administration and is a certified information technology professional, a credential available to CPAs who receive additional training.

Ted Jeanloz, director of finance for Athenahealth Inc., a provider of electronic health records, takes an alternate view. “The CPA is legitimately useful, but after that it falls off pretty steeply,” he said.

Mr. Jeanloz said the certifications “are a good signal someone is a self-starter,” but “we would assume that anybody we hire for a role…would already have that knowledge.”

Groups offering professional credentials are booming. The number of people getting the CMA title from the Institute of Management Accountants Inc. grew 17% last year to 3,500 and is expected to hit a record this year, according to Jeff Thomson, the organization’s president.


So, what's your stand about this little tidbit? You'll be sacrificing some time with your already-hassling work.


There are many things to consider if you want to hold top office in a company. These includes sacrifices and additional degrees will definitely fare better for you if you intend to hold higher positions in other companies