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CA, CMA, CGA
Transcript of CA, CMA, CGA
ACCOUNTANT (CA) CERTIFIED MANAGEMENT
ACCOUNTANT (CMA) CA, CMA, CGA? CA, CMA, CGA? CERTIFIED GENERAL
ACCOUNTANT (CGA) Cathy Ng THE ACCOUNTING BACHELORETTE “A CGA sees more than numbers. A CGA sees the big picture.” -Post-Secondary Institution
*may transfer some business/accounting courses How to Become a CGA 2. Enroll to the CGA Ontario program If you graduate an earn an accounting degree from an accredited program Gains direct entry to the CGA program http://www.cga-ontario.org/ 4. Employment Experience
Requirement -Need AT LEAST 2 years of professional work experience
-12 months must be at a senior accounting and/or financial management position
-One year must be in Canada *Your professional experience will be assessed 1.Find out if you can transfer any credits What CGAs Do Skills CGAs Have Where to Work? Salaries Workplace -Strategic and organizational leadership
-Problem solving -Sectors: government, corporations, public practice, private, non-profit, education, industries/commerce etc.
*The largest percentage of CGAs works within industry/commerce(49%)
-internationally -Financial and management
accounting and reporting
-Assurance and other related services
-Finance and financial planning
-Analyze financial information Overall salaries varies from age, gender, experience, position, working hours, education, industry, company size and location. In 2011, the average annual salary is $94,290. The average value of taxable benefits is approximately $8,421, with an average bonus value of $8,116. -On average, CGAs work 41.7 hours a week
-The average age of a CGA is 45.6 years
-Male CGAs outnumber females in self employed public practice
-Female CGAs outnumber males in non-profit organizations
-Benefits (percentages vary from positions that a CGA is in)Drug plan, dental plan, vision care, training pension, hospitalization Example of difference in experience:
0-2 years $4,000-$190,000
3-10 years $50,000-$780,000
11-18 years $60,000-$650,000
19-26 years $90,000-$382,000
27 yrs & above $100,000-$750,000 High earning potential
Work full time and study as a part time
CGAs develop a broader and more diverse skill set
Ready to work in a workplace Profession/Duties Managing finance related matters
Monitoring financial transactions and their effects
Act as consultants on financial matters
Prepare and present financial reports
Analyze and evaluate financial information Education Math
Accounting (Recommended) Obtain a University Degree Work Experience 3 2 4 5 5 5 3 1 High School Exams Accredited CA university program or stream
- 4 year, 120-credit hr baccalaureate degree
- Complete prerequisite business/accounting
ICAO 51 credit hour requirement
- 17 specific courses 3 years training
Public accounting firm
Government office ICAO Professional Program
- Staff training program
- Core-knowledge exam
- School of accountancy
- Final 3 day exam Living and breathing
CA! High School Obtain a University Degree Work Experience Exams CA Designation Salary Working Conditions Working Sectors Public Practice
The Public Sector
40% public practice/60% elsewhere Ranges from $40,996 - $105,392
Trainees -> $18,000 - $33,000
1 year - > $36,957 - $81,703
1-4 years ->$38,589 - $75,709
5-9 years - > $48,767 - $96,585
10-19 years -> $49,212 - $139, 327
20 years or more -> $59,598 - $143,363
Benefits 8:30am – 5:30pm
35-40 hrs per week, longer hrs at peak times
Huge variety of working environments
Constant technical developments and changes in legislation
Working in a larger team depending on organization Career Development Public Practice
- Transfers to different areas of practice
- Different sized firm
2 yrs -> Manager -> 3 yrs -> Senior Manager
More rapid in small firms
10 to 15 yrs -> Finance Director
Newly qualified stage roles
- Internal auditor, financial accountant, business analyst Why Become a CA? International recognition and career opportunities
Lifelong benefits and support
Involved in challenges, diverse and important roles Priscilla Wu Annual Salary Priscilla Wu, Gary Li, Cathy Ng, April LET'S PLAY ZONK! Roles and Responsibilities •Analyze financial records to monitor financial health
•Analyze all the operations of a company
•Prepare reports and present findings and recommendations to management
•“How can we be as efficient as possible?” Becoming a CMA High School •Recommended courses for grade 11: English, math, Computers / Information Technology, Business & Management, Accounting.
•Recommended courses for grade 12: calculus, economics, accounting, business & management, law / world issues
•Candidates must have completed required subjects with a minimum grade of 60% in each undergraduate course to write the exam.
•The testing focuses on Management Accounting, Corporate Finance, Financial Accounting, and Taxation. National Entrance
Exam University Work Experience Practical experience in a management accounting.
Your work experience is part of your CMA training. Strategic Leadership Program > Two-year Strategic Leadership Program.
> Strategy, management and management accounting, operations, human resources, marketing and information technology Congratulations! You are now ready for the real world! > 21 universities in Ontario with business education.
> Earn a bachelor’s degree in any discipline. Complete coursework in management, accounting, economics, and statistics.
> Some programs are accredited by CMA Ontario to help you fast track to a CMA designation. Skills •An aptitude for math
•Leadership & Communication skills
•Analytical skills & Problem-solving skills Employment Opportunities Money, Money, Money Furthering Your Career What is the Working Environment Like? Work in virtually any industry of your choice! •Usually office settings
•Travel may be required depending on employer
•Overtime is necessary during certain periods
•Typically 40 hours/week
•Main source of stress is meeting deadlines Sample Career Path Junior Financial Analyst
$50 000 Financial Analyst
$90 000 Director
$150 000+ 1 2 3 • Public Finance Accountant
• Licensed Public Accountant
• Certified Management Consultant “Plan ahead. Students should know what courses they need to get into the right business program, and get good grades. But most importantly, have a life. Get involved in social clubs, play sports, and socialize. This all makes a CMA more interesting and balanced."
-Barbara, Certified Management Accountant Good
Advice? Why Become a CMA? •An internationally respected and recognized accounting designation
•Focuses on strategic management (in addition to finance and accounting)
•The flexibility to work in public practice or in industry
•The CMA Strategic Leadership Program allows candidates to work full-time while obtaining the CMA designation
•Money, Money, Money Gary Li Position Salaries 5. Obtain a recognized university/college degree 3. Complete
Requirement -take 19 courses
-all courses have exams, except cases
-final two exams are PA1 and PA2 which are part of PACE PACE What is PACE? P.rofessional
E.valuations The final half of your academic portion in the CGA program All exams are 3 hours long except the PACE exams which are 4 hours. Elective Courses
- PA1 and PA2
-certification courses Congrats!