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Chapter 1: Q4RQ. (page 32)

What are two certifications available for accountants? Briefly explain each certification.

Short Answer

Expert verified

Certified Public Accountants (CPAs) and Certifed Management Accountants (CMAs) are the certifications available for accountants.

Step by step solution

01

Explanation of CPAs

Certified Public Accountants are accounting professionals licensed by AICPA (American Institute of Certified Public Accountants).They work for the general public, such as businesses, government entities, educational institutions, etc.

02

Explanation of CMAs

Certified Management Accountants are certified professionals specializing in accounting and finance. They work for a single company only, not for the general public. CMAs certifications are issued byIMA (Insitute of Management Accountants).

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