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Subject Topic: CMA ideal for undergrad accounting majors (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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alexiscpa
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Posted: 24 Apr 2010 at 10:30 | IP Logged  

Skooby,

I'm also 32 years old and I didn't get my BS in Accounting until 06/2008 when I was 30. Studying for CMA first was my original choice, but since i had more that 170 credit hours and qualified to sit for CPA I decided to take it first. Now I'm finally studying for CMA and actually enjoying it.



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Dokimcpa
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Posted: 15 May 2010 at 17:28 | IP Logged  

Alexiscpa-

I see that you are taking CMA part 2 in June.  Is this the new format part 2 or the old format?  Have you taken the new format part 1? What are you using for the prep and how do you like it?

I just started to prepare for the CMA exam and I would appreciate your input.  Thank you.


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alexiscpa
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Posted: 15 May 2010 at 22:54 | IP Logged  

Dokimcpa,

I'm going to take the old format of Part 2 section and then Part 2 of the new format in September-October testing window. My original plan was to take Part 2 and 3 of the old format and then to take Transitional section, but two sections are more than enough for me.

I'm using Gleim self-study program: online videos and quizzes, textbook, audio lectures on CDs and testing software. The online video lectures are basically slideshows. I've underestimated the value of the humorous and engaging videos from Becker CPA program. Those instructors have a talent of making studying for an exam fun. But if I pass this section with Gleim, I'll use it for the next section too.

How hard is CFE exam? I've read that you need to have fraud/audit related experience in order to get certified. I took Fraud Examination class as an elective and I loved it. Unfortunately, I work in a private company and don't have any hands-on audit experience other that assisting our external auditors.



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notauser
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Posted: 16 May 2010 at 14:04 | IP Logged  

I'd recommend graduating, and then taking the CMA. The CPA is more recognized... but the only thing a CPA license does is let you sign the bottom of an audit report. That's it.

If you never have plans to work in public accounting and only corporate accounting, go for the CMA. It's cheaper (and less time consuming) than going to grad school to get the 30 credits and then sitting for the CPA exam. If you're planning on getting an MBA you might want to sit for the CPA instead though.
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Skooby
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Posted: 17 May 2010 at 15:16 | IP Logged  

@notauser

Thanks for the info.

Why should someone who plans to get an MBA sit for the CPA instead of the CMA?

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