Posts tagged ‘CMA’

August 17, 2012

Working abroad as a CMA

by Scott Roehl

The CMA designation is a nationally recognized Canadian designation. It is often inspiring for those entering the CMA program to be aware of the vast choice of industries a CMA can work in. The holistic perspective and versatility provides CMAs opportunities to work in Manitoba, across Canada and around the world.

CMAs Across The Globe

Currently, CMA Members are actively living and applying their unique skill set in more than 90 countries around the world. Many other CMA Members work for organizations that require regular global travel.

CMA also holds mutual recognition agreements (MRA) with other accounting bodies such as CPA Australia, CIPFA Members (UK) and CIMA (UK). Under a MRA, there is a reciprocal granting of professional designations for qualifying members of CMA Canada and the other body.

Read up on a few CMA globetrotters from this recent CMA Magazine article. You can also watch this video or read a profile on Mark Mandzik, CMA who is based in Manitoba and works globally.

Advertisements
June 27, 2012

Becoming an Associate of CMA Manitoba

by Scott Roehl

Throughout the various presentations and information sessions CMA Manitoba hosts, we will often talk about the opportunity to become an Associate of CMA Manitoba. Let me share with you more about why this could be an important step on the path to pursuing a CMA designation.

The decision to pursue a CMA requires careful consideration both from a professional and personal perspective. Becoming an Associate forges a link or as my colleague puts it, establishes you as a friend of CMA Manitoba. This free program allows students & working professionals to receive some great perks while considering CMA. These include:

• Access to CMA Manitoba’s jobs.cma-manitoba.com job board

• Invitations to CMA Manitoba networking events

• CMA Magazine & monthly eNews

• Exam Invigilation at reduced fees

Signing up is as simple as completing the Associate Application Form found at the end of the CMA Path Brochure and submitting along with a copy of your academic transcripts (originals not required).

Having this relationship with CMA Manitoba will ensure that you  know what is happening in the CMA Community and receive the latest updates.

June 1, 2012

Update: A Look From Within The CMA Program

by Scott Roehl

Back at the beginning of the year (January 9, 2012 to be exact), I wrote a post that introduced three individuals who are currently at different stages in completing their CMA designation. With summer quickly approaching, it is a good time to check back with them for an update.

  • Adrian Ong (CMA Student – 18 Month Accelerated Program)
    “Hard work, diligence and self-discipline remain to be the basic components of effective learning. Make sure to have done all the assignments before attending classes. As much as possible attend real time webinars and participate actively in discussions.”
  • Jarrod Falk (CMA Candidate, Year 2 – Strategic Leadership Program)
    “Be an active participant throughout your SLP experience. Push yourself in the interactive sessions. Your moderators and classmates are an incredible resource at your disposal. Engage them and learn from them to make yourself a better student, employee and person.The road ahead of you may seem long but the things you will learn will enrich your career for your entire life. Don’t forget to take some time, step back, and appreciate the incredible journey you are on.”
  • Jennifer Lee (CMA Candidate – CMA Executive Program)
    “Leadership is multi-faceted, requiring an ability to maintain a strategic focus while simultaneously communicating that vision in a manner to which all can relate. Incorporating strategic governance, ethics, risk and performance, leadership also requires a strong understanding of team dynamics and the motivating factors that compel personnel to achieve organizational goals.”

Click here to read a Question & Answer interview with each participant.

April 30, 2012

The Importance of a CMA Counselling Session

by Scott Roehl

Congratulations, you are interested in the CMA accounting designation. Now what?

The decision to pursue an accounting designation is filled with careful consideration and an eye to future goals both professionally and personally. Knowing this, it is important that you get all the information you need to make an informed decision.

Perhaps you have read through a CMA Path Brochure, visited the CMA Manitoba website, attended a CMA Information Session or talked to a family member or friend who is a CMA. These are all good sources to start your research and obtain more information about the designation.

The next step is to arrange a CMA Counselling Session which will further educate you on the program requirements, expectations and support provided. During this step, we will ask to receive a copy of your academic transcripts so that a transcript evaluation can be prepared for the counselling session.

During the session which usually lasts about an hour, Petra Noack Menzies (Program Administrator) will sit down with you to get to know you better, provide an overview of the program requirements, and most importantly answer your questions. A review of your transcript will also be provided such that if any missing requirements are identified, helpful guidance will be provided.

There is a lot to consider with a decision to pursue a CMA designation and a counselling session will help you make sense of it all.

March 2, 2012

No Student Left Behind

by Scott Roehl

If there is a theme to some of the questions I have received from students since late last fall, it has been one of concern about what happens during the transition period if the accounting profession becomes unified. One principle of the merger discussions as stated in the Guiding Principles for Unification is that the combined accounting body would evolve in to a single designation with a new Chartered Professional Accountant (CPA) Certification Program. So what happens if you have focused studies to meet the requirements for the CMA Program?

First, it is important to note that further information on the merger discussions has been released over the last couple of months which will help ease some concerns. If you haven’t had the opportunity, I encourage you to read the following documents (they can also be accessed at www.cpacanada.ca):

With the magnitude of such a change, you can be assured that a transition would be carefully managed and communicated so that no student gets left behind. Stated in the CPA Certification Program document, “we believe it would take at least 18 months to create the new CPA certification program. This would mean at the earliest, transition timing would be:

  • September 2013: The new CPA Certification Program would be launched. All new candidates would start in this program
  • Fall 2015: The first CPA final examination would be offered.”

In the short-term while a CPA certification program is implemented, the CMA Strategic Leadership Program and its entrance requirements would continue to exist. So long as the CMA Program is offered, students who have an interest in completing the designation would follow the entrance requirements and complete program components. At the time of the CPA Program introduction, future students would enter the CPA Certification Program. Those individuals already in the CMA Program would complete studies and attain the CMA designation.

Students are recognized as important stakeholders in this process and CMA Manitoba will continue to provide updates and important information as it becomes available.

December 2, 2011

Balancing the technical mindset

by Scott Roehl

Earlier this week, I had the opportunity to speak before a group of aspiring engineers at the University of Manitoba. This might come as a bit of surprise. Why would CMA, an accounting designation, be talking with engineering students?

The key to the answer is professional diversity.

The CMA designation complements an engineer’s technical base with an added financial and strategic focus. Combining these skill sets provides a strong foundation for business leadership roles and an enhanced perspective, especially in multi-disciplinary meetings.

In opening a dialogue with engineering students, we are able to provide clarity on how the CMA goes hand-in-hand with a P.Eng. Additionally, students can complete some elective studies through a business or accounting minor which will be an asset in entering the CMA Program in the future.

For another perspective on this topic, please read the CMA Profile of Dave Wardrop, CMA.

November 4, 2011

Want a job? Be careful what you post.

by Scott Roehl

Social media has quickly transformed the landscape of how we connect with one another and access information. Through this rise, it has also been interesting to watch the effect it has had on hiring practices. Many companies now use social media channels to promote new job opportunities or to seek out potential candidates. The other side of this trend is that many employers now use these very same channels to review candidates (numbers vary depending on the study but I have seen some very high percentages of employers who acknowledge they review candidates on social media sites).

This post is not meant to support or condone these practices nor will I debate the issue of privacy with what you post online. The reality is whether you like it or not, employers will very likely use social media to review whether you are a suitable fit for their organization. The choice becomes whether you as a student completely ignore this fact or realize that you have to take responsibility for what you post.

The graphic I reference above (credit Kashmir Hill) points to some of the reasons surveyed employers did not hire a candidate after searching them through social media. Even with privacy controls, consider that online there is no guarantees of privacy. Be mindful and careful on what you share as it can live on for a very long time and even impact future employment.

October 25, 2011

Managing That Student Stress

by Scott Roehl

It’s tough being a student. Your time is stretched in every direction and sometimes it can almost seem too much. I am reminded of the stress in being a student especially at this time of the year when midterm exams are occurring at many of the post-secondary institutions in Manitoba.

While I have no magic solution for making all that stress disappear, I do want to take a moment to offer some ideas on how to manage (perhaps even minimize) some of it. Feel free to share your tips in the comments!

  • Exercise – As @TypeACubed suggested on our @cmamb Twitter Account, “Boxing and Pan Am Boxing Club! There is nothing like hitting the bag and sweating out the stresses of the day.” Whether it is boxing, running or playing team sports, exercise is a great way to release stress and re-energize.
  • Get More Sleep – What is that? I realize it is easier said then done as a student. but take care of yourself and make sure you are getting adequate rest.
  • Take time for Friends – When opportunities arise, take time in your schedule to meet up with friends. Friends are there for you and can be a sounding board for the stress and challenges you are experiencing.
  • Tune in to something else – Put some music on or put on that favourite TV show to watch. These little “breaks” can help you in coping with all that stress.
  • “Staycation” – If you ever watched the show Corner Gas you might recall actor Brent Butt taking a “staycation” – essentially dreaming about vacationing in an exotic location without actually going anywhere. Reality is, not all students are in a position to take vacations away during school. Instead, have a mini-vacation and find some fun activities you can do locally to get out, have fun and relax.
October 21, 2011

Accredited University Graduate Explained

by Scott Roehl

A popular question I have received this fall has been in regards to what the CMA Accredited University Graduate means and how to achieve it? Let me explain.

For most students interested in pursuing a CMA designation, a recognized Canadian university degree (or an approved international equivalent) in conjunction with the successful completion of CMA pre-requisites in accounting and management topics is required to challenge the CMA Entrance Exam. Graduates who have not completed all of the CMA prerequisites can complete the CMA Accelerated Program in order to challenge the CMA Entrance Exam.

In Manitoba, the B.Comm. (Hons.) accounting major program delivered at the Asper School of Business is a program accredited by CMA Canada. This means that students at the Asper School of Business who successfully complete their degree program including all CMA pre-requisite topics while maintaining a high GPA over their course work may be eligible to be waived from the CMA Entrance Exam. If approved as an Accredited University Graduate, the student would be able to proceed directly in to the CMA Strategic Leadership Program.

Students who are considering the Accredited University Graduate path need to consult with the CMA Manitoba Office while completing studies at the Asper School of Business to ensure understanding of what is required to apply for the waiver.

July 6, 2011

What does the potential CA/CMA merger mean to students?

by Scott Roehl

On May 24, 2011, the leaders of the Chartered Accountants of Canada and the Certified Management Accountants of Canada announced they had entered into discussions to explore the possibility of uniting the CA and CMA organizations through the creation of a new professional designation –  the Chartered Professional Accountant (CPA). Following this announcement, a consultation process was established to engage important stakeholders in a dialogue including Members and Candidates of the respective organizations.

Since the announcement, I have been approached by a few students who have wanted to learn more about why this is occurring and, probably just as important, what the impact may be. I suspect that once classes begin in the fall, more students will be asking similar questions.

To begin with, I strongly encourage students to review the information that has been provided to Members and Candidates of both organizations. To assist you, here are some helpful links (also available through cpacanada.ca):

Uniting the Canadian Accounting Profession Position Paper

Uniting the Canadian Accounting Profession Paper Highlights – a “coles notes” summary of the key points in the full position paper

Consultation Update – June 2011

Video: Joy Thomas, President and CEO, CMA Canada, talks about uniting the Canadian accounting profession

For a student considering the CMA designation these resources provide an important window into the global factors impacting the accounting profession here in Canada and why the respective organizations are addressing them now. As you review the information, reflect on what is being discussed and understand the impact on you. For students, this potential merger represents the prospect of a further strengthened and respected accounting credential in Canada and improved mobility opportunities globally. Over the long-term this would also serve to reduce confusion over multiple designations and increase recognition of the value you can provide to any organization as a professional accountant. These points aside, consider the full impact and be sure to ask questions.

Finally, you have an important voice in this consultation process as well. Should you have any comments or questions to share, please email them directly to me – sroehl @ cma-canada.org. I will ensure your privacy and pass along the comments verbatim for consideration.