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Which accounting certification is the best in UAE. CPA or CMA?

I am a commerce graduate and would further like to continue my education. I am planning for MBA as well. Please suggest.

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Question added by Ravin Mangtani , sales operations supervisor , PORCELLAN CO. LLC
Date Posted: 2015/10/31
Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

I suggest MBA, M.COM and CMA...............

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Certified Public Accountant (CPA)If you are committed to advancing your accounting career, then you should definitely earn your CPA. CPAs work in a variety of specializations within accounting including audit, compliance, tax, forensic accounting, fraud examination, IT systems, risk management, appraisals, among others. This designation has such a high level of credibility that hiring managers and prospective clients tend to question a candidate's background and level of accounting competency if he or she is not a Certified Public Accountant. CPAs help companies comply with bylaws and regulations, reduce risk for the organization, support valuation and appraisal initiatives, improve processes, and create and maintain reporting mechanisms with which management makes important and critical decisions based on the supplied data.

States have different academic and experience requirements, but typically your educational requirement will extend beyond your bachelor's degree to encompass semester hours, with varying amounts of accounting classes. You will need to pass the CPA exam, which is administered by the American Institute of Certified Public Accountants (a,+ member organization), and undertake more than hours of continuing professional education each year.

There are four parts to the CPA exam:

  1. Financial accounting and reporting
  2. Auditing and attestation
  3. Regulation
  4. Business environment and concepts

Certified Management Accountant (CMA) A Certified Management Accountant is another great certification. There is overlap between the competencies of a CPA and CMA, but CPAs may be better equipped for compliance, accounting for transactions, tax and controls. Certified Management Accountants, as the moniker implies, lean toward financial analysis, organizational performance measurement, budgeting, strategic assessment and ongoing stewardship of the company. The exam is administered by the Institute of Management Accountants (IMA), which has more than, members.

There are four major components:

  1. Business Analysis: Global economics, global business, internal controls, quantitative methods, financial statement analysis
  2. Management Accounting and Reporting: Budget preparation, cost management, information management, performance measurement, external financial reporting
  3. Strategic Management: Strategic planning, strategic marketing, corporate finance, decision analysis, investment decisions
  4. Business Application: Organization management, organization communication, behavioral issues, ethical considerations

To earn your CMA, you will need:

  1. to become a registered member of IMA,
  2. possess a bachelor's degree,
  3. pass the CMA exam,
  4. have two continuous years of professional experience in management accounting or financial management,
  5. complete at least hours of continuing professional education annually.
 

Raju Ghimire
by Raju Ghimire , Looking for an opportunity , Any

Obviously CMA, it would enhance your profile with understanding of vivid subjects.

RAUF ABDUL
by RAUF ABDUL , Business Analyst (FMCG & Manufacturing) , Exposures Finance

UAE is a trading hub and manufacturing industries are less than trading and the businessmen are in contact with general public a lot, so i think CPA 

Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

either one is good up on what job you are planning to apply for.

AYOOB BASHA HAWALDAR
by AYOOB BASHA HAWALDAR , Accountant - Cost , AL Hasawi Industrials Group W.L.L

CPA                                                              .          

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

I fully agree with the answers been added by EXPERTS....................Thanks.

mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

CPA and CMA are very good

you will gain more respect and more opportunities to get interviews for Managers and Directors Positions

 

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