Let's hear it for CMAs

YOUR ARTICLE "CPA ASCENDANT" (Your Move, June) discusses the growing number of executive recruiters who insist that CFO candidates have the CPA credential. However, the article failed to consider the CMA (certified management accountant), another certification recognized as a requisite credential among accounting professionals, particularly CFOs.

The CMA is a globally recognized certification for managerial accounting and finance professionals. The CMA program was established by the Institute of Management Accountants (IMA)--an association for financial management and management accounting professionals--in 1972, and is administered by the Institute of Certified Management Accountants. Corporations around the world seek the CMA designation when hiring managerial finance and accounting professionals, and many are integrating the CMA into their management-training programs.

Today, more than 700 CFOs hold the CMA credential, more than 3,000 professionals who have earned their MBA have also earned their CMA, and nearly 6,000 CPAs are also CMAs or certified financial managers (CFMs).

Larry R. White

Chair

Institute of Management Accountants

Via E-mail

COPYRIGHT 2004 CFO Publishing Corp.
COPYRIGHT 2004 Gale Group