08-10-2009, 05:09 PM
IS CMA another field i mean is it different from CMA(ICMAP) of pakistan.plz tell me abt scope and salary of CMA of pakistan.
08-10-2009, 05:09 PM
IS CMA another field i mean is it different from CMA(ICMAP) of pakistan.plz tell me abt scope and salary of CMA of pakistan.
08-10-2009, 08:59 PM
CMA (Certified Management Accountant) from IMA - USA (Institute of Management Accouuntant - USA) is different from CMA of ICMAP.
For more detail about similarities or other things, please read thread of "accounting qualifications" on this forum. Regards, Sohail
09-13-2009, 03:13 PM
Hi Every Body,
Before you enter into this venture please note that CMA USA is not a recorgnized body. The only accounting designation in the USA is CPA. So you need to evaluate this venture well before you take any decision.
09-13-2009, 06:28 PM
Mr. Maqszaman,
Before posting this kind of information please check the reliability and worth of an institute like IMA (USA). If IMA's (USA) designation CMA is not recognized and accepted in USA and worldwide among employers then why it is the most respectable designation after CPA in USA among employers. If its not a acceptable in USA then why chartered accounting bodies around the world from U.K to South Asia accepting its qualification. It's one of the most premier designation around the world and if you considering that acceptability and recognition is dependent only on registering with any accounting board then FYI... this kind of thinking only stays in our countries not in USA. And if this is your level of meausrement about an institute's worth then what is your opinion about CFA which is considered to be the most sought after designation around the world.
09-14-2009, 05:58 AM
I am ACMA and currently in Pakistan. I was interested in doing CMA from IMA as its an international qualification and as I am preparing to land in Canada I thought this might be beneficial for me. I have enquired from our members in Canada about utility of doing CMA from IMA and the response I got is that CMA (IMA) is a designation which look good only on business cards . Now I read the post from Maqsood Zaman and he is living in Canada so it seems that CMA from IMA is not recognized in Canada. Any comments
09-14-2009, 01:23 PM
Have the members of ICWAI and IMA-USA have the righsts of audit. I am pursuing ACMA (ICMAP).In my opinion the CMA's should be granted audit rights on the completion of articles or on the basis of practical experience.
Regards, Awais Aftab
09-15-2009, 06:11 AM
AOA
as far as my idea, ima cma's are recognized world wide , specially in middle eastern countries, they are prefered to other cma's, however in countries like canada , uk , australia (Queens rule countries) etc where they have their own similar qualification, cma ima does have fewer value. i am also doing cma from ima with the target of getting good exemptions in canada. M.R.S as u have already acma from pak. u dont really need it. asad afaqui
09-15-2009, 06:21 AM
AOA
i am also planning to migrate to vancouver canada jan 2010, do someone knows , what exemptions , iwill recieve with my cma usa if i go for cma canada, and how much it cost me in money and time regards asad afaqui
09-15-2009, 07:27 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by afaqui</i>
<br />AOA i am also planning to migrate to vancouver canada jan 2010, do someone knows , what exemptions , iwill recieve with my cma usa if i go for cma canada, and how much it cost me in money and time regards asad afaqui <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> Dear Asad, Good to see you on this forum, we have been interacting for a while on immigration forum, I hope you remember ) I have searched on the website of Society of Management Accountants of Canada and I am sorry to say that they have no exemptions for CMA's from (IMA) where as they are giving direct admission in Strategic Leadership Program to CMA's from Pakistan (i.e. ACMA's). I have also talked to half a dozen members of our institute working in Canada on good jobs and they have told me that I should not waste my time on CMA (IMA). Now I am not trying to get in to a controversy by judging that CMA(IMA) is good qualification or not but surely it has not much value in Canada, even CIMA (UK) which is considered as mother of all qualifications in management accounting give maximum number of exemptions to ACMA,s (i.e 13 papers) but have no exemptions for CMA's from IMA May be some one else can give his input on the subject. By the way you should see a post by Maqsood Zaman on this forum regarding tips for new comers to Canada and also a detailed information by Toronto Boy on the subject.
09-15-2009, 08:57 AM
thank u MRS, i sure remember u and infact i was considaring calling u tommorow.
yes, i have just visited cma canada site and check MRAs, PAS and advance standings.thanx to maqsood artical and other discussion on forum. now it is a matter of serious concerns for me. any way it a booost to my confidance that even after a decade, i can easily reconnected to studies. regards asad a afaqui
11-16-2009, 04:14 PM
Dear MRS,
Please go to CIMA site only 7 papers exemption are available for ICMAP and 6 papers exemption are avaiable for CMA-IMA. Please see below. Exemption Search Papers Institution Institute of Management Accountants (US) Country United States of America Qualification Certified Management Accountant (US) Notes Fully Qualified Papers C01 Fundamentals of Management Accounting Fully Qualified Members only C02 Fundamentals of Financial Accounting Fully Qualified Members only C03 Fundamentals of Business Mathematics Fully Qualified Members only C04 Fundamentals of Business Economics Fully Qualified Members only C05 Fundamentals of Ethics, Corporate Governance and Business Law Fully Qualified Members only P1 Performance Operations Fully Qualified Members only Exemption Search Papers Institution Institute of Cost And Management Accountants of Pakistan (ICMAP) Country Pakistan Qualification Cost & Management Acc Final Cert (2005 syllabus) Notes This decision applies to students taking the 2005 syllabus. If students started fr the 1998 syllabus & completed under the 2005 syllabus, they will be eligible for the exemptions. Students graduating with the 1998 syllabus are not eligible. Papers C01 Fundamentals of Management Accounting S201 Fundamentals of Cost and Management Accounting (prev. P-I Cost Accounting); and S303 Cost and Management Accounting - Performance Appraisal (prev. P-II Operational Cost Accounting). C02 Fundamentals of Financial Accounting S101 Fundamental of Financial Accounting (prev. F-I Principles of Accounting). C03 Fundamentals of Business Mathematics S203 Business Mathematics & Statistics (prev. P-I Quantitative Methods); and S204 Introduction to Information Technology (prev.F-I Computer Systems or Management Information Systems II). C04 Fundamentals of Business Economics S102 Business Economics (prev. F-I Economics & Business Environment). C05 Fundamentals of Ethics, Corporate Governance and Business Law S103 Bsn Laws (prev. F-II Industrial & Commercial Laws); S401 Advanced FA and Analysis (prev. P-II Advanced FA); S403 Corp Laws & Secretarial Practices (prev. P-II Corp Laws & Secr Prac); and S501 Fin Reporting (prev. P-III Fin Rptg). F1 Financial Operations S301 Fin Acc (prev. F-II Fin Acc); S302 Business Tax (prev. P-II Business Tax); S401 Advanced FA & Analysis (prev. P-II Advanced FA); S501 Fin Reporting (prev. P-III Fin Reporting); and S601 Strategic Fin Mgt (prev. P-IV Strategic Fin Mgt). P1 Performance Operations S303 Cost and Management Accounting - Performance Appraisal (prev. P-II Operational Cost Accounting). Regards, Zubair
11-16-2009, 04:17 PM
Dear MRS,
Please see below the exemption offered by ACCA. Only 3 papers exemption to ICMAP members and 7 papers exemption for CMA - IMA members. ACCA Qualification - Exemptions Institution INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF PAKISTAN Programme INSTITUTE OF COST AND MANAGEMENT ACCOUNTING OF PAKISTAN - Graduates from 01-DEC-2001 to 31-DEC-2007 Completion of the above programme provides exemption from the following paper(s) Paper Title F1 Accountant in Business F2 Management Accounting F3 Financial Accounting ACCA Qualification - Exemptions Institution INSTITUTE OF MANAGEMENT ACCOUNTANTS Programme INSTITUTE OF CERTIFIED MANAGEMENT ACCOUNTANTS - All Graduates Completion of the above programme provides exemption from the following paper(s) Paper Title F1 Accountant in Business F2 Management Accounting F3 Financial Accounting F4 Corporate and Business Law F5 Performance Management F8 Audit and Assurance F9 Financial Management Regards, Zubair
11-25-2009, 08:02 PM
Please read very important information from IMA.
<i>"We are committed to maintaining the value of your CMA®âthe gold standard credential for accountants and financial professionals working in business. As someone who has achieved CMA status and has been dedicated to the principles this certification represents, you will undoubtedly be interested to learn about some new developments in the CMA program. Please note that these changes have no impact on your CMA credential or your annual requirements to maintain active CMA status. After extensive market research, we are reorganizing the CMA curriculum and exam format to align more closely with the critical knowledge, skills, and competencies that CMAs use on the job every day. The new program will maintain the rigor and relevance for which the CMA is highly regarded. At the same time, we have made evolutionary changes to adapt the program to the needs of today's professionals and ensure its continued value as a career-enhancing tool for CMA candidates. By focusing specifically on a body of advanced accounting and financial knowledge, the program will now consist of two exam parts providing a more efficient format. The two parts will consist of four hours each (100 multiple-choice questions and two 30-minute essay questions). The exams will cover the following curriculum topics <font color="red"><b>PART I â Financial Planning, Performance and Control</b></font id="red"> 1)Planning, budgeting, and forecasting 2)Performance measurement 3)Cost management 4)Internal controls 5)Professional ethics <font color="red"><b>PART II â Financial Decision Making</b></font id="red"> 1)Financial statement analysis 2)Corporate finance 3)Decision analysis and risk management 4)Investment decisions 5)Professional ethics We are confident that this evolution of the CMA program will ensure the credential's continued relevance and prestige in the marketplace. To learn more about the new CMA program go to www.CMA2010.org or feel free to contact me at (800) 638-4427, ext. 1575 or +1 (201) 573-9000 for international callers"</i> Regards, Sohail
11-28-2009, 06:37 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by zubair_sco78</i>
<br />Dear MRS, Please see below the exemption offered by ACCA. Only 3 papers exemption to ICMAP members and 7 papers exemption for CMA - IMA members. ACCA Qualification - Exemptions Institution INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF PAKISTAN Programme INSTITUTE OF COST AND MANAGEMENT ACCOUNTING OF PAKISTAN - Graduates from 01-DEC-2001 to 31-DEC-2007 Completion of the above programme provides exemption from the following paper(s) Paper Title F1 Accountant in Business F2 Management Accounting F3 Financial Accounting ACCA Qualification - Exemptions Institution INSTITUTE OF MANAGEMENT ACCOUNTANTS Programme INSTITUTE OF CERTIFIED MANAGEMENT ACCOUNTANTS - All Graduates Completion of the above programme provides exemption from the following paper(s) Paper Title F1 Accountant in Business F2 Management Accounting F3 Financial Accounting F4 Corporate and Business Law F5 Performance Management F8 Audit and Assurance F9 Financial Management Regards, Zubair <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
11-28-2009, 06:53 PM
Dear Sohail,
What do you think. Will this change in syllabus effect the exemption policies of other institutes? Because they have removed economics and syllabus is shorter than before. Please correct me if i am wrong. As you have qualified so u know better than me. Regards, Zubair |
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