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Investigate the difference between a CMA and a CPA and the testing requirements of both. Which...

Investigate the difference between a CMA and a CPA and the testing requirements of both. Which one would be more appropriate for a person working for a small internet startup? Explain how cost accounting is used by such a business to grow larger.

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Answer #1
BASIS

CMA

 CPA
EXPANDED FORM CERTIFIED MANAGEMENT ACCOUNTANT CERTIFIED PUBLIC ACCOUNTANT
EXPERTISE FINANCIAL ACCOUNTING AND STRATEGIC MANAGEMENT AUDITING AND TAXATION
EXAM LENGTH 2 PART EXAM 4 PART EXAM
PASSING % 35 46
EXPERIENCE REQUIREMENTS 2 YEARS 1-2 YEARS VARIED STATE TO STATE

2ND PART:-IN MY OPINION CMA WOULD BE MORE PREFERRED, SINCE THIS COURSE EXPANDS OUR FINANCIAL ACCOUNTING KNOWLEDGE BY INCULCATING STRATEGIC MANGEMENT SKILLS WHICH IS A KEY FOR ANY STARTUP.

3RD PART:-COST ACCOUNTING HELPS TO ASCERTAIN THE COSTS ASSOCIATED WITH DIFFERENT DEPARTMENTS/UNITS IN AN ORGANISATION AND HELPS IN PLANNING OUR PRODUCTION WITH MINIMAL COSTS AND HIGHER PROFITS,

cost accounting is also very helpful for internal users for planning, controlling , bugeting , comparisons, and variance analysis.

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