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Chartered Global Management Accountant credential announced

May 23rd, 2011 Comments off

The American Institute of Public Accountants (AICPA) announced today that its governing body has approved a joint venture with the Chartered Institute of Management Accountants (CIMA) to manage a new accounting credential aimed at management accountants worldwide.  This accounting credential will be known as CGMA and stands for Chartered Global Management Accountant.  Certain members of both organizations will automatically be eligible for the new credential beginning in 2012 and there will eventually be paths to gain the credential for others as well.

“This is truly an historic moment for management accounting and the accounting profession worldwide,” AICPA Chairman Paul Stahlin said.  “Our joint venture with CIMA creates long-term strategic value for our members and literally opens up the world for U.S. CPAs in management accounting.”

CIMA President George Glass said: “We are delighted that management accountancy is to be given a strong new global impetus by this joint venture. This advances our strategic aims and will ensure management accountants, committed to strict ethical standards, will receive world-class support in a fast-globalizing world.”

CIMA is the largest professional body in the world focused exclusively on management accounting and the AICPA is the world’s largest professional accounting organization with members in a wide range of accounting and financial executive roles. Together, the new venture will cover more than 550,000 members and students worldwide.

Given that the Institute of Management Accountants in the United States already offers the CMA (Certified Management Accountant) credential, it is at least a bit interesting that CIMA chose the AICPA as their American partner.  Is the CMA credential headed for extinction? Hard to say at this point.  It may take a while for things to shake out and in the end both credentials may be held in high esteem.  Time will tell…

More information:

This Way To CPA : AICPA

September 14th, 2010 1 comment

The AICPA has launched a new website specifically for college students to explore the CPA credential.  If any of you are considering taking the CPA Exam, take advantage of the resources found on this site.

Welcome : This Way To CPA : AICPA.

Also, you might want to consider forming a team to compete in the 2010 AICPA Accounting Competition.  Details on that are available by clicking here.

Guide to New CPA Exam Released

September 7th, 2010 1 comment

The AICPA Examinations team has released a guide to the revamped CPA Exam that will be used starting in 2011.  There are major changes coming to the Exam, so if you are a current or future candidate you should check out this resource including its many links for more information.

Link to the PDF guide: http://www.aicpa.org/BecomeACPA/CPAExam/ForCandidates/HowToPrepare/DownloadableDocuments/New_2011_CPA_exam_guide_to_CBTe.pdf

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Sustainability Emphasis at the AICPA

September 1st, 2010 Comments off

In Chapter 2 of the Blocher text, we discussed the idea that Sustainability is becoming a new focus in the accounting profession. Coincidentally, today I received the following by email from the AICPA. It is interesting to see this emphasis coming from the primary association for CPA in America.

AICPA Sustainability Workshop
September 1, 2010

Dear Brenden,

One of the most significant forces certain to impact the accounting profession in the coming decade is sustainability – the ability to create value over the long-term, in a context of high expectations for environmental and social responsibility and improved corporate governance.

According to Robert Harris, CPA/CFF, Chairman of the AICPA, “The push to sustainability is not about government regulation or new laws. The trend is market-driven. Sustainability is about bottom-line business operations that are impacting the supply chain.”

I would like to share with you a new cutting-edge event designed to help you better understand the business case for sustainability, how sustainability relates to your organization, and how sustainability relates to the accounting profession and your role as CFO, Controller or other CPA executive.

I encourage you to take a look at the outstanding agenda of speakers, topics and cases being covered at the inaugural Sustainability Workshop to be held in the AICPA Boardroom in New York, September 30 and October 1.

This unique workshop, presented in collaboration with the Canadian Institute of Chartered Accountants (CICA), offers an exceptional interactive learning experience. The workshop is designed to explain the financial, as well as environmental and social benefits, of adopting a successful sustainability initiative for your organization. Participants will depart with the tools, resources and networks necessary to develop and implement a solid sustainability strategy.

It will also be an ideal opportunity to network with peers from both the US and Canada, featuring a tour, presentation and reception at the Bank of America Tower, the first skyscraper to attain a platinum LEED certification.

Access details on Sustainability Workshop here (PDF).

To encourage your participation in this event, I am offering an additional $100 discount in addition to the member discount of $300 and $75 Early Bird discount – if you register by September 10. Simply use discount code STX when registering.

I look forward to meeting you at this important new forum.

Sincerely,

Carol Scott, CPA, MBA
Vice President – Business, Industry and Government


American Institute of Certified Public Accountants, 220 Leigh Farm Road, Durham, NC 27707-8110.