Dear CDs,
I am landing in Novemeber in Toronto. I have a MBA in Finance and also holds the professional qualification from Chartered Institute of Mangement Accountants-CIMA-UK, which is equivalent to Canadian CMA. Though CMA do recognize CIMA and awards the qualification on succesful completion of 2 papers only, however, they also require minimum of 2 years relevant experience in Ontorio-This I suppose is a big ask.
Could anybody advise me if I need further education to make a career and if I do, which one is better and asking for making a successful career as I am already 35 and thinks that further education may not help me enhance my career.
Regards
Junior Desi
nyk
Location: Hum aap ke dil me rehte h
Posted on: 23-10-04 19:45:18
Frankly, the CMA-CIMA recognition agreement is not really useful to CIMA grads. You need to do few university courses as well as complete work experience requirement in order to be eligible. The best bet would be to use your CIMA degree to get an opening in accounting (hopefuly you should be able to do that; CIMA being a UK degree does hold some value in Canada) and get your credentials evaluated by CMA so that they tell you what kind of courses to take and go from there.
Doing the CMA program itself is going to cost to around 10K and three years.
I am both ACMA as well as CMA. I did the complete CMA program.
Good luck
Vadasambar
Location: Hum aap ke dil me rehte h
Posted on: 23-10-04 19:46:22
forgot to mention, CIMA is recognized by CGA and you can complete the program pretty fast..I think in six months or so.
Vadasambhar ,
I recently attended a CMA presentation here . They informed that
1. You need an expereince of 2/7 years from the start of the program which may extend to even after completing your course .
2. The course is divided into 4 parts .The Indian ICWA is exempted the first part and the other three can be booked / taken out of sequence .
3. The time period for completing the course starts from a minimum of 01 year .
Could you kindly clarify these points??
Regards,
Manasvi.
Location: Hum aap ke dil me rehte h
Posted on: 24-10-04 07:55:38
Manasvi
Are you talking about Canadian CMA or US CMA? US CMA is relatively easy to pass,but, not going to be of much use in Canada. I think you can get some exemptions in CGA if you have US CMA.
Canadian CMA is more like an MBA program. You need to do some courses from university or CMA accelerated program in order to qualify for the entrance examination. Once you pass the entrance exam, you have to go through a two year program called strategic leadership program and upon completion, you get your designation.
Let me know, if you have any more questions.
Vadasambar
Yes it was the US CMA Vadasambhar ,
But your response helps me in ascertaining that a US CPA may not be beneficial in Canada . May I ask another thing . Do u feel a US CMA is as easy to clear as a US CPA and would it be more benefecial in the Canadian market??
Regards,
Manasvi.
Location: Hum aap ke dil me rehte h
Posted on: 24-10-04 10:41:26
Manasvi
I am not very sure of US CMA,but, one of my friend told me that it is not a difficult exam to pass, especially if you have an Indian accounting qualification.
I would say US CPA is more useful in Canadian market. Both CMA and CGA give good exemptions to US CPAs. Again, dont expect miracles.
I myself is going to do US CPA next year, as I am planning moving out of Canada by 2006
Let me know, if you have any more questions
Vadasambar
