After you've become an accountant, you may choose to go on to earn a specialized certification, license, or other credential in accounting. Doing so puts you a notch above uncredentialed accountants and may open up additional job opportunities for you.
We discussed the certified public accountant (CPA) designation in some detail at CPA Requirements and CPA Exam . Whether or not you choose to pursue a CPA designation, you might be interested in pursuing the certified management accountant designation, or CMA.
To become a CMA, you must meet the education and experience requirements and pass the CMA Exam. Information on the CMA Exam is available at www.imanet.org/certification .
Passing the CMA Exam demonstrates that you have a strong proficiency in management accounting and financial management. The time you spend reviewing and learning the material covered on the CMA Exam will make you a better accountant. You will become a better management accountant if you are already working in industry. If you are working at a CPA firm as a public accountant, you will also become a more knowledgeable CPA. Since most accountants will eventually work in areas outside of public accounting, the CMA credential is a wise investment.