I never really wanted to be a CPA because I hate tax (and think it should just go away), auditing is not appealing, I value management accounting over financial accounting, and I don't like being public facing. However, I wound up working in public for two years, and the partners wanted me to take the CPA exam. So I did. I studied by putting the Delaney manual under my pillow at night and conditioned by passing all but LPR the first time.
Instead, what I wanted was the CMA ever since I discovered it in the back of the Charles T. Horngren cost accounting text. I was still a master's student when the IMA announced "2000 in 2000," the program to add 2,000 new CMAs and CFMs by the year 2000. This allowed me to sit for free. Since I had already passed the CPA exam, I could waive Part 2 (if memory serves), but I would have to pay the waiver fee. I chose to sit for four hours to save $40 (I think it was). Since I waited almost until the offer expired, I found that I could not take all five parts of both CMA and CFM exams locally, so I had to drive 75 miles over the lunch break to take one in one city in the morning and the other in another city in the afternoon. I passed all five parts over a three-day period without any exam prep.
My teacher wife says that I test well. :-)
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L. Douglas Coartney CMA, CFM, CPA, CGMA
Director of Finance
SC2 INC
Peoria IL
United States
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Original Message:
Sent: 09-21-2023 01:07 PM
From: Justin Baldwin-Bonney
Subject: Pursuing both CMA and CPA
Brielle,
I will echo some others that have suggested the CPA first, and for some similar reasons. The first being that your employer holds this as an important certification for you to achieve. I earned mine during the first year of employment at an international firm (non-big 4), and it comes with benefits at work.
At my next employer I earned my CMA (three years later), and will note that the testing is more in depth on managerial accounting, but less broad based. Thus taking the CPA a bit closer to those high level accounting courses might be better.
I wish you luck in your endeavors, whichever way and timing you choose to take the exams. Both certifications are good to have (IMHO).
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Justin Baldwin-Bonney CMA, CPA
Non-Profit
Spokane WA
United States
Original Message:
Sent: 09-18-2023 09:20 AM
From: Brielle Beard
Subject: Pursuing both CMA and CPA
I have always wanted to be a CMA first and foremost, I believe I learned about it first in my Intro to Accounting class. Small business are where my heart is. I am currently working full-time at a national CPA firm while finishing school. Unfortunately, when I mentioned this to my bosses, they had no idea what it was and are exclusively focused on CPAs; as is the rest of the hiring in the industry.
So here is my question, for those of you who are both CPAs and CMAs: which order would you recommend taking the tests?
CPA first and then take the CMA; reverse? Simultaneously?
Please advise.
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Brielle Beard
Accountant
Tulsa OK
United States
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