28. February 2012 07:57
The Chartered Global Management Accountant (CGMA), is a new global designation offered to American Institute of CPAs (AICPA) voting members who have met certain experience requirements. This designation is born out of a joint venture with the Chartered Insitute of Management Accountants (CIMA) and the AICPA and became effective January 31, 2012.
The thought behind CGMA for AICPA members is that this credential would complement the CPA license and be recognized throughout the world.
To qualify, AICPA members must have a minimum of:
- Three years of financial (including internal audit) or management accounting experience in business, industry, or government, or
- Three years in a management accounting role focused on the management and operation of an accounting firm
- Two years of financial or management accounting experience plus one year in public accounting, or
- Three years of financial/management accounting experience on a consulting basis, or
Once qualified, the AICPA is offering a no-cost introductory trial period for the CGMA until July 31, 2012. This gives the CPA the opportunity to test out the new designation. After the trial period, the cost for the CGMA annually will be $150. If the AICPA member is also a State CPA Society member, the fee annually will be $100.
If you have heard of the CGMA, I would be interested in your thoughts on this rollout of the new global designation. Please e-mail me at firstname.lastname@example.org.
If you have not, you can go to http://www.cgma.org/ to find out more.