Magazine article The CPA Journal

Use What Already Exists for the Betterment of the Profession

Magazine article The CPA Journal

Use What Already Exists for the Betterment of the Profession

Article excerpt

Use what already exists for the betterment of the profession

Frank C. Minter, CPA, president, Institute of Management Accountants

Although we all recognize that the CPA credential no longer describes the work that most of its holders perform, CPAs do not want to see its undeniable prestige diminfished. So I'm not surprised that the NYSSCPA's survey results indicate that a significant majority believes that the AICPA's proposed global credential is unnecessary and they would not seek it.

Since the AICPA's original announcement of the proposed credential, the Institute of Management Accountants' (IMA) position has been similar-that the need is not apparent. Over the past six years, the IMA, in cooperation with the AICPA and Financial Executives International (FEI), has published three research studies that report on the knowledge, skills, and abilities that corporate America expects from and requires of entry-level professionals, and we work closely with the academic community to ensure that course content includes that same body of knowledge.The IMA itself offers two certification exams-Certified Management Accountant (CMA) and Certified in Financial Management (CFM)-that test competencies based on those same expectations and requirements. …

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