WHICH IS BETTER TO PURSUE? CA OR CMA
India is globally developing and the arms are wider for the professionals with expertise in Accounting, Financial management, Business Analysis, Decision support, etc. Hence, it is a great move for the students to pursue accounting courses who aspire to make a big career in the field of accounting. So check whether CA or CMA.
There are plenty of questions arrives in students mind like, “is CA better than CMA?”, “Which is better CA or CMA?”, “is CMA easier than CA?”, “Does CMA has scope in India?” etc, to answer these questions let’s elaborate more on US CMA course structure and career opportunities it provides after CMA certification.
Is CMA easier than CA?
CMA is a bit easier than ca when compared to CA Vs CMA and here are the reasons:
- CMA is having a very smaller number of chapters, but In CA they have a greater number of chapters to complete.
- in CMA all chapters are pretty easy to understand & to make calculations, as they don’t have a very complicated syllabus. But, In CA they have many stages like Foundation, Intermediate, final, and internship.
- The duration of CMA USA is 3 -4 years which is considered less when compared to CA which is expected to take at least 5 years.
- Students are free to choose CMA exam dates where it’s not possible in the case of CA.
CA Vs CMA: Why to choose CMA Course?
We will suggest you choose the CMA course. It is having only 2 groups in the exam further it’s easy to pass because of most of the questions are based on (MCQs) multiple-choice questions.
In the USA CMA syllabus, most of the topics included are being covered in the degree portion, so it is easy for us to understand and solve the questions quickly. Students can complete the CMA course within a year or 6 months depending on their practice and interest.
CMA Career Prospects:
CMA certification can provide a wide range of career opportunities with different areas of the accounting profession like:
- Financial accounting
- Public accounting
- Government accounting
- Forensic accounting
- Management accounting
- Tax accounting
- Internal auditing
It involves recording and classifying business transactions and preparing and presenting a financial statement to be used by internal and external users.
The public accounting this field investigates the financial statement and supporting. Counting system of clients’ companies to provide assurance that the financial statement assembled by clients are fairly present in their financial results and financial position.
The governmental accounting field uses a unique accounting framework to create and manage funds from which cash is disbursed to pay for a number of expenses related to the provision of services by your government entity.
This field is concerned with the process of accumulating accounting information for internal operation Reporting. it includes cost accounting, target costing, etc.
This field is concerned with the proper Compliance with tax regulation filing and tax planning to reduce the company’s tax burden in the future.
This field involves the reconstruction of financial information When a complete set of financial records are not available.
This field concerns the examination of your company’s system and the transaction to spot Control weakness, fraud wastage, and mismanagement with reporting these issues to management.
With proven expertise and success rate CFO NeXt provides better coaching and guidelines for CMA aspirants, contact us for further CMA related details, queries and interests.