Is CMA a Cost and Management Accounting course or a Certified Management Accounting course?
Author: Hakimuddin Kuwakhedawala Post Date: 19 Nov 2023
CMA stands for both Cost and Management Accounting and Certified Management Accounting but it depends on the context.
So, CMA can be used to describe the broader field of Cost and Management Accounting or specifically refer to the Certified Management Accountant certification, depending on the context in which it is used.
CMA stands for both Cost and Management Accounting and Certified Management Accounting but it depends on the context.
Cost and Management Accounting (CMA)
Cost and Management Accounting (CMA) generally refers to a field of accounting. Cost and Management Accounting (CMA) involves the use of accounting information for internal decision-making, planning, controlling, and performance measurement. In this context, CMA focuses on the cost of products and services, budgeting, and various management accounting techniques.Certified Management Accountant (CMA)
Certified Management Accountant (CMA) is a professional certification offered by the Institute of Management Accountants (IMA) in the United States. The Certified Management Accountant (CMA) designation signifies expertise in financial planning, analysis, control, decision support, and professional ethics. It is a globally recognized certification for management accounting and financial management.So, CMA can be used to describe the broader field of Cost and Management Accounting or specifically refer to the Certified Management Accountant certification, depending on the context in which it is used.
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