CA, CMA or CGA


D

David

Hi,

I have a been doing research on accounting designations in Canada and
I can't seems to decide which is the better designation CA, CMA or
CGA. Public percetion would say it's the CA but the other two also
seem to unlock doors. So my question, not to be crass about it, is out
of the three who is going to get the furthest the fastest and make the
most money? Ok that was crass but it's also the most important.
Thanks
 
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O

OSIRIS

Hi,

I have a been doing research on accounting designations in Canada and
I can't seems to decide which is the better designation CA, CMA or
CGA. Public percetion would say it's the CA but the other two also
seem to unlock doors. So my question, not to be crass about it, is out
of the three who is going to get the furthest the fastest and make the
most money? Ok that was crass but it's also the most important.
Thanks
CGA and CMA are generally considered to be somewhat "junior" to CA. The CA
will
get you into more "Fortune 500" type companies than will the other two. It
will
also take longer and cost more to get the CA designation. You will also
have to
"article", which is serve as a low paid grunt in an accounting office while
you
get experience.

CGA and CMA are easier to get and therefore do not seem to command as much
respect -- although they certainly have some. CMA used to be called
"Registered
Industrial Accountant" and focused on the accountant who works as an
employee
inside the company (rather than the external accountant / auditor). The
focus
used to be on cost accounting, but, since the change to "CMA", the focus has
shifted to being an important part of the management team

The focus for CGAs is public practice rather than the "inside accountant"

Mike Brown, CMA
 
?

_

Mike's is the more common perception, and as a CMA he's undoubtedly =
qualified to describe it. However I would disagree on 2 points:

- It's my experience, or at least my perception, that CA's and CGA's are =
comparable in terms of the focus on public practice vs. "inside =
accountant". I think both designations are strongly represented in both =
sectors.

- CGA's are gaining ground and will very soon be allowed to apply for a =
public accounting licence in Ontario. They have already been licensed =
in the majority of provinces. CGA is a very strong and respected =
designation in BC where both CGA and CA are partners in many public =
accounting firms of all size.

But when you talk "Fortune 500" careers and international reputations, =
Mike is undoubtedly correct that the CA designation is more widely known =
and commonly viewed as "THE" Canadian equivalent to CPA - and the CA =
designation in most other English-speaking countries.
 
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O

OSIRIS

Mike's is the more common perception, and as a CMA he's undoubtedly =
qualified to describe it. However I would disagree on 2 points:

- It's my experience, or at least my perception, that CA's and CGA's are =
comparable in terms of the focus on public practice vs. "inside =
accountant". I think both designations are strongly represented in both =
sectors.
No disagreement at all. You are simply elaborating to a greater depth than
I.
The point I tried (perhaps too quickly) to make is that there are CAs and,
at a
somewhat lower level, there are CGAs and CMAs. I then tried to
differentiate
between CGA and CMA. You are correct that the CAs are also focused on
public
practice -- as are the CGAs.
CGA's are gaining ground and will very soon be allowed to apply for a =
public accounting licence in Ontario. They have already been licensed =
in the majority of provinces. CGA is a very strong and respected =
designation in BC where both CGA and CA are partners in many public =
accounting firms of all size.
I do not disagree. I tried to point out that the CA designation is a step
higher (and more work to attain) than either the CGA or CMA and, if David
(the
original poster) wanted to go the slightly easier route, he would have to
choose
the focus of his future career.

PS: I should, in fairness, point out that I am not longer actively
practicing my
accounting career. I am also a Certified NetWare Engineer and the owner of
a
computer consulting firm.
 

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