1 / 28

A New Credential:

A New Credential:. Advancing the Science of Management Accounting. CPA Profession & Public Interest. Half of state society and AICPA members are management accountants Many start in public practice (less common for younger generation)

katoka
Télécharger la présentation

A New Credential:

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A New Credential: Advancing the Science of Management Accounting

  2. CPA Profession & Public Interest Half of state society and AICPA members are management accountants • Many start in public practice (less common for younger generation) CPAs in public and management accounting are partners on behalf of the public interest • Business and industry members produce the financial information the markets depend upon • Public practice members audit that information • All CPAs share a commitment to the core values of integrity, objectivity and competence 2

  3. Who Are Management Accountants? Management accountants are on front lines • Develop strategy and serve as business partners • Manage change and uncertainty • Protect corporate assets • Promote operational efficiency and effectiveness • Minimize risk • Manage relationships with stakeholders Key to success in a globally competitive and increasingly complex world 3

  4. Building on the CPA’s Commitment to the Public Interest Public Interest Economy Sector Company Finance Team Management Accountant Management Accounting Contribution 4

  5. Management Accounting Value Progression Objective Financial Reports Strategic Business Partner Decision Enabler, Decision Maker 5

  6. Chartered Global Management Accountant (CGMA) 6

  7. CGMA Value Proposition 7

  8. CGMA Value Proposition Improving Competencies Improving competencies • Webcasts on international issues • Risks to the Global Supply Chain • Managing wage inflation • Embracing mobile technology • Global economic outlook • Importance of business intelligence • Online learning 8

  9. CGMA Value Proposition Relevant and Timely Resources Relevant and Timely Resources • Website • Online social network of management accountants worldwide • Thought Leadership papers • Webcasts • Frequent communication on current issues • Digital international magazine for management accountants 9

  10. CGMA Value Proposition Personal Marketing Personal Marketing • Use of the credential • How to tell others about my CGMA • Networking 10

  11. Pathway

  12. CPA Pathway: First Quarter 2012 CPAs have an accelerated pathway: • Must be AICPA voting member, and • Have 3 years of experience working in a financial/ management accounting capacity in business industry or government, OR • 2 such years plus one 1 year of public accounting experience, OR • 3 years of experience working in a financial/ management accounting role on a consulting basis, OR • 3 years of management accounting experience gained by a U.S. CPA whose primary responsibilities are focused on the management and operation of a CPA firm. 12

  13. PATHWAY TO MEMBERSHIP To obtain a CGMA in the United States, you must be a regular voting AICPA member EXPERIENCE REQUIREMENT Three years of management accounting experience are required EXAM REQUIREMENT Computer-based assessment starts in January 2015 CPA Pathway: After January 2015 13

  14. Value for State Society Members Dual state society and AICPA membership qualifies individuals for a discounted annual fee New resources for management accountants • White papers, global community, online learning and more 14

  15. Course of Study for CIMA Members

  16. Learning Environment

  17. Supported Learning Environment Behavioral and Skills Assessment Individual Development Plan Customized by Job Title and Career path 17

  18. Online Self-Assessment Learning Platform Learning model based on a number of characteristic financial positions / role profiles Ability to assess credential holder strengths and opportunities for improvement across 3 areas • Practical Skills • Behavioral Traits • Cognitive Abilities Value to credential holders and the marketplace • Career Pathway (Individual) • Continuous Improvement (Individual) • Organizational Development (Employer) 18

  19. CPA219Biz, My Individual Development Plan CPA2Biz, Inc.-Proprietary and Confidential Information

  20. Joint Venture

  21. Promote a new joint designation as the international standard for management accounting Leverage the power of more than 550,000 collective members Advance CPA as a premier professional accounting credential across the globe 21

  22. Complementary Global Presence 22

  23. About CIMA –Chartered Institute of Management Accountants

  24. CIMA Presence Details Headquartered in London, England CIMA offices spanning the globe including Europe, Asia, Africa, N. America, Australia • 400 employees (70% in UK) • Major Markets - UK, Ireland, S. Africa, SE Asia, Australia, Europe Members and students in 165 countries • 79% of members in UK and Ireland • 53% of students in UK 24

  25. Integrity • Being straightforward, honest and truthful • Do not be associated with any information that you believe contains a materially false or misleading statement CIMA Code of Ethics – Principles Objectivity • Not allowing bias, conflict of interest or the influence of other people to override your professional judgment Professional Competence and Due Care • Ongoing commitment to level of professional knowledge / skill, based on current developments in practice, legislation and techniques • Ensure appropriate training and supervision for those working under your authority Confidentiality • Do not disclose professional information unless you have specific permission or a legal or professional duty to do so Professional Behavior • Comply with relevant laws and regulations • Avoid any action that could negatively affect the reputation of the profession 25

  26. Conclusion

  27. Opportunity for CPAs Complement your CPA with a professional credential for management accounting Access new resources focused on management accounting: website, self-directed education, white papers, webcasts Join an online social network of management accounting professionals Enhance the science of management accounting worldwide, advancing business objectives and serving the public interest Increase the voice of U.S. CPAs for advocacy efforts 27

  28. Opportunity for the Profession Highlight and promote CPAs as financial leaders world-wide Highlight the work that members in business, industry and government do on behalf of businesses and in the public interest Grow and promote the CPA designation around the world Increase the competencies and skillsets of designees so that they may continue to serve businesses with expertise and integrity 28

More Related