Talent At Work: Recruitment and Career Blog

Accounting Designation Comparison


Posted on July 6th, by Karen Epp in HR Management, Job Search, Recruitment. 1 Comment

CA

CGA

CMA

Chartered
Accountant

Certified General Accountant

Certified Management Accountant

Qualifications required to enter

· An undergraduate degree in a CA
approved institution. There are courses you need to complete in order to qualify. People tend to be Bcomm Graduates and are typically
recruited out of University.

· An undergraduate degree focused on any area of study is required to complete the designation.
This can be completed in tandem with your CGA studies.

· The completion of an undergraduate
degree, typically a Bcomm and completion required courses.

Course Load and Exams

· 3 day UFE exam.
This marks the end of your formal education.

· Three years of articling in a designated firm to gain experience in audit and tax.

· 2 to 3 years of course work that is
done by correspondence which is completed while you are also gaining experience in the field.

· Also requires an application for membership.

· 2 day entrance exam.
Followed by the two year Strategic Leadership
Program (SLP) which includes practical work experience, case studies and group work with fellow students.

Why choose this Designation?

· The CA designation is most internationally recognized. It is also the organization that set the financial reporting rules for Canada.

· You will be paid for your qualifying work experience and will gain prestige and versatility.

· You will also obtain exposure to a wide range of industries, businesses and organizations.

· Many choose to be external auditors,
Tax accountants, internal auditors or consultants. It will provide great opportunity to climb the corporate ladder in both public and
private companies.

· On average CA’s are paid higher than
CGA’s and CMA’s.

· The CGA program will put practical
tools into your hands and will equip you to succeed in accounting.

· You can work will you are studying
which makes this a very practical designation for many.

· There is a lot of flexibility in the
program to work around a busy schedule.

· It will open doors in most industries including public practice and CA
firms.

· The CGA Association has worked hard to
boost their profile through ads and has a high growth rate.

· CMA’s focus on managerial accounting and are most often found in industry positions.

· It is not as hard as the CA designation to complete and give a great balance of experience while in the SLP program.

· The industry work that CMA end up in is not focused in audit and just accounting but rather provides opportunity in Operations to be a
financial leader that is able to bring creative solutions to problems.

Why you would not choose this
Designation?

· The major con in completing the CA
designation is the time investment and stressful exams.

· CA’s are more respected worldwide.

· Certain industries and businesses will
give preference to CA’s over CGA’s at senior levels.

· Salaries will be lower than CA’s.

· For certain positions (audit and tax)
CAs will have the advantage as you cannot sign off on audits. Salaries will be lower than CA’s.

About The Author

Karen Epp, Senior Finance and Accounting Recruiter at Goldbeck Recruiting brings over twenty years of experience recruiting professional Accounting and Finance staff. One of the advantages of working with Karen in your search for Accounting Professionals is the extensive long standing relationships with candidates and reputable clients. She has serviced companies and individuals at all levels of accounting positions and in a wide range of private and public industries including not-for-profit.

Her focus is to understand her client’s business, its structure and staff culture to meet immediate and long term needs She has honed her skills in her ability to judge character and be a persuasive motivator who can analyze, logically search and organize information to meet your personal and corporate needs.

Karen in a Certified Personnel Consultant. She may be contacted at karenepp@goldbeck.com

The following two tabs change content below.

Karen Epp

Finance & Accounting Recruiter at Goldbeck Recruiting Inc.
Karen Epp, CPC is the Senior Finance and Accounting Recruiter at Goldbeck Recruiting Inc and brings over twenty years of experience recruiting professional Accounting and Finance staff. One of the advantages of working with Karen in your search for Accounting Professionals is the extensive long standing relationships with candidates and reputable clients.

Latest posts by Karen Epp (see all)





One thought on “Accounting Designation Comparison

  1. It will be a great opportunity for financial accountants of the world to work in such a professional environment. I appreciate the accomplishments of Karen Epp To diversify their experience in the recruiting of finance professionals in their right places.

%d bloggers like this: