Q4RQ.
Question
What are two certifications available for accountants? Briefly explain each certification.
Step-by-Step Solution
Verified Answer
Certified Public Accountants (CPAs) and Certifed Management Accountants (CMAs) are the certifications available for accountants.
1Step 1: 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.
2Step 2: 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 by IMA (Insitute of Management Accountants).
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