This hit my inbox today via an AICPA newsletter: Voting closes tomorrowWe're in the final hours. Voting on the AICPA member ballot closes tomorrow, June 16, at 5 p.m. ET. If you haven't done so already, I strongly encourage you to take just a minute to vote. We have so much to be proud of […]
Over the last few years, we've watched the AICPA and CIMA hamfist the CGMA into our lives. The claim was that it would "raise the bar on management accounting" but all it really did was remind people of the cognitor fiasco from the late '90s/early '00s and invite lots and lots and lots of mockery […]
Ever since the CGMA hit the scene, we've all been subjected to the campaign blitz by the AICPA and CIMA to convince everyone that the CGMA is the fairest management accounting credential in all the land. It was cute in those early days because you could mail in a form, pay a fee and get […]
Update clarifies purpose of proposed association and includes letter from AICPA Chair Tim Christen to members. Here's a thing that the AICPA and CIMA are doing: The American Institute of CPAs is proposing the creation of a new accounting association in partnership with the Chartered Institute of Management Accountants. In a letter sent to institute […]
I guess now that they're done handing out CGMAs to any CPA with a pulse, the AICPA really has to convince people that this is a real thing: AICPA is trying to achieve greater recognition of the value of CGMA among CFOs and CEOs now that grandfathering stage is over #AICPAGC15 — Accounting Today (@AccountingToday) […]
Because of course they are. Excited? About an exam? Seriously? Yes, seriously. As studious and determined people with big dreams and ambitious life goals, we’re used to being tasked with reciting formulas, choosing the best answer and memorizing large quantities of information in order to prove our aptitude in traditional school subjects. But how do […]
For those of you that can't bear the thought of only having three letters behind your name: This June marked the 20th anniversary of a U.S. Supreme Court ruling that remains of interest to the accounting profession because the litigants included a state board of accountancy and a dually credentialed attorney advertising that she […]
For those of you who enjoy taking the difficult road, instead of becoming a CGMA simply by cutting a check, you can start preparing for the CGMA exam. Imagine how much more accomplished you will feel knowing you took a test to earn these letters they were practically giving away up until 2015? Starting in […]
I feel like we have addressed this before, or rather, we've incessantly ripped on the CGMA from the beginning. In the interest of fairness, we should present the other side before we do that again. But first, the question: .@going_concern Can we have an honest conversation about how pointless it is to obtain a #CGMA? […]
This is happening, so there's no point in fighting it. But you can put a copyright mark on it. Don't we have all the standards we need? GAAS, GAAP, FRF for SMEs, IFRS, whatever the hell rurals use when they need to trade a donkey for a wood stove, you get the point. But now, […]
YOU GUYS. This actually happened. Note it happened earlier in the month and we missed it because we generally don't do a Google News search for CGMA and rely instead on the AICPA's constant horn-tooting. The important thing is we have it now, read: CGA sought an application for an injunction pursuant to subsection 30(1) […]
This is so ridiculous that upon receiving it, Colin did one of those cartoonish double-takes, you know, with the sound effect and everything. The really sad part is minus the swearing, you could almost believe it to be true. AICPA Launches Three New Professional Designations New York (November 19, 2013) — The new Chartered Global […]
Although there are 40-some-odd thousand CGMAs in the U.S. and 140k worldwide, anyone wanting to get in on this without wading through MCQs, essays, etc. should know that the clock is ticking: #aicpagc13 Melancon: #CGMA Capstone Exam expected in January 2015. — Janice Maiman (@J_Maiman) October 21, 2013
Here's an unremarkable (albeit relevant and timely) article at JofA entitled "Salaries, demand on the rise for U.S. accounting professionals." It has all the good things accountants go for — money, jobs, money, and money. It comes courtesy of Robert Half (Jesus, those guys are busy) and their 2014 salary guide. The post chugs along […]
Since most of you have no appreciation WHATSOEVER for aggregation, you may have missed the AICPA's latest round of CGMA trolling in yesterday afternoon's links. Speaking of appreciation, you know what CPAs across this great land have no appreciation for? The gobs of money the AICPA and CIMA have spent trying to crush the IMA into […]
If you dare, try to get through the first two paragraphs of this post from the AICPA Insights blog without throwing up in your mouth: In a recent Financial Times article, Sally Fisher of Deloitte noted that while they are not new skills, “you rarely find in one individual strong technical skills, strong commercial acumen […]
As we mentioned this morning, Erin Brady, an accountant from Connecticut, was crowned Miss USA last night. I wasn't watching the broadcast — Mad Men, duh — but the AP report gave the impression that she informed her bosses on TV that she wouldn't be at work today. Or the day after that, or the […]
This week, I'm back in my old stomping grounds of Washington, DC for AICPA Spring Council and while I really wanted to come into this looking for plenty to mock, it's actually been an interesting session, including a great speech by Bob Schieffer of CBS and a panel on "Diversity & Inclusion" that didn't leave […]
Oh look, the AICPA put out a press release that says the Chartered Global Management Accountant designation is the "most prominent management accounting credential in the U.S. with 37,864 CFOs, controllers and other finance professionals holding the designation." Plus, it's managed to its way into some of the most prestigious companies in America! U.S. CGMA […]
I refuse to become a CGMA. If you are a CGMA, I will pretend to not judge you if we meet in person. But I will be judging you in my heart. The Chartered Global Management Accountant designation has been available since January 31, and the AICPA has been promoting the hell out of it. […]
Did you all remember that the Chartered Global Management Accountant designation was kicking off today? No? Shame. For those of you that crave letters behind your name like stoners crave Cool Ranch Doritos, this is EXCITING NEWS, especially if you already have your CPA. Why's that you ask? Because, says the rival Institute of Management […]
If you’ve completely spaced it, the Chartered Global Management Accountant is a new credential that will be jointly offered by the AICPA and the CIMA. We first mentioned it back in the spring and yesterday, JofA informed us that the big coming out party would be January 31. Why the new credential, you ask? Well, mostly because it’s a crazy fucked up world out there, says CIMA CEO Charles Tilly:
“We are in an incredibly challenging world,” Tilley said, citing global economic risks, competitive pressures and demands on natural and other resources. “The world needs management accountants and CGMAs more than ever right now.”
Right! And we can think of at least one operation that is looking for immediate help.
Back in March, we reported that the AICPA and CIMA were kicking around the idea of working together on a new global management accountant credential. Today, the two organizations have officially rolled out their plans.
[T]he two accounting bodies will create the new CGMA designation to give management accountancy a higher profile in the United States and promote the professional development of management accountants across the globe. Backing the new CGMA designation will be an AICPA-CIMA joint venture with international resources and experience in management accounting and business.
This will compete with the IMA’s CMA designation which has proven to be a valuable credential, although not a very sought-after one. The CGMA won’t be available until 2012 but the press release doesn’t give a lot of details about how the designation will be earned:
It is proposed that the new CGMA designation will be issued to members early in 2012. AICPA voting members with at least three years working in management accounting or a financial management role would qualify for an accelerated route to obtaining the new designation. CIMA members, all of whom hold either an ACMA or FCMA, will be entitled to use the letters ACMA CGMA or FMCA CGMA if they wish to.
Those holding the new designation will commit to a program of developing and maintaining competency in management accounting as well as leadership and strategy. This knowledge base will be derived from an expert-panel assessment of skills and competencies needed to succeed in various career paths in management accounting.
The new CGMA will be issued by the AICPA and CIMA through a license with the joint venture, with membership remaining with the existing organizations.
So, anyone interested?
[via AICPA, CIMA]