Hi all,
You may be interested in the new CGMA designation, which will be available for instant use by CIMA members from 31 January 2012.
http://www.cgma.org
http://www.cimaglobal.com/About-us/Press-office/Press-releases/2011/May-2011/cima-aicpa-joint-venture/
Best regards,
Adrian.
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Adrian Clifton – MA (Lon); BA (Hons) (Exon)
CIMA moderator and online magazine editor
Improving CIMA's website
group
The CIMA has been evaluated as equivalent to a US first degree in Accounting or Finance. In a few states one can still sit the CPA with just a first degree. You can check with the AICPA for further information. But if you are in a state that requires further credits, that can usually be satisfied with a masters degree. A masters degree takes about 1 year in college not 4.
With your CIMA you should have no diffficulty in passing. The tax and law and US GAAP and some IFRS.
Note, Auditing is very important.
Cheers
Well, have you spoken to any employers yet ? Explain to them saying it's a cross between CPA & MBA with 15 exams and 3 years minimum experience. You can use the CGMA designation on your CV and state that it is a JV between AICPA & CIMA. Unless an employer is completely clueless they should get the gist of what your trying to convey. ACMA clearly outranks CPA by a mile.
Why NYC ? Thats like trying to find a job in central london (which is competitive). You should look around any neighbouring cities to see what the prospects are and talk to recruitment agencies (if any). I'm guessing you would need to have an understanding of the US GAAP as well as tax rules.
I guess if your looking to practice then you'll have to do a bit more digging into the specific state rules regarding this but industry should be alot easier to get into. Obviously the quality of experience is important too. The higher the position(s) that you have held the better your chances are I guess. You don't need a MSc when you have ACMA. Pay abit more and do a MBA instead.
There is an ever increasing demand for accountants in the usa and the world (mainly due to companies needing tighter financial control) which is a good thing for us. I too am hoping to go to the US after my CIMA exams. UK is pretty much finished. We're already in a double dip reccession and the only signs moving forward is continued negative growth.
Good Luck
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