I want to know of any benefit of CGMA for those CIMA members who wish to become CPA (USA). I would refer to the example of some selected institutes like CICA (Canada), CA (Australia) etc. whose members are eligible to qualify as US CPAs by writing only one special IQEX exam of AICPA instead of regular four exams. Currently CIMA members are not even eligible to automatically qualify for regular exam sitting for CPA (four exams).

As a result of this new joint venture, CPA members with minimal efforts (three years experience in MA) would be entitled to use CGMA designation which is supposed to be a full fledged management accountancy qualification. On the other hand, though CIMA members will be entitled to use CGMA designation without any further effort, it is just another management accounting designation which in substance is similar to the designation they already have as ACMAs. So, it is a call of fairness that, as a result of this joint venture, CIMA members who want to or need to become CPAs are given some advantage by recognizing their professional qualification. Such an advantage can be in the shape of a direct eligibility to write CPA exams or special route towards achieveing CPA designation. (Though this would require a committment from AICPA to pursue the state boards of Accountancy in US jurisdiction).

So to put it straight, is there any chance that such an arrnagement would be in place some time in future for the beneift of those CIMA members who wish to join CPA?

Hi James,

The CGMA title comes automatically for ACMAs after January 2012 and there is no need to pay additinal fees or earn CPDs, as long as you meet the requirements of CIMA membership. You can find the relevant details at www.cgma.com. We don't have to disturb the CEOs of CIMA or AICPA for this.

regards,

Aqeel. 

Why is it called "Global" when it actually covers mainly, two English speaking, Anglosaxon countries?

Is it not a bit misleading for a designation?

Thanks

Regards

Can CIMA please clarify the value that has been added to ACMA designation by the introduction of CGMA designation?

Am I wrong in asking if CIMA is treating ACMA designation as a product whose market has reached maturity stage and hence a new strategy of Market Development is being adopted. Isn't it kinda selling same product with different names to the same customers.

What will I do with two designations ACMA, CGMA when both literally means the same for a CIMA member?

My knowledge says that this JV("CGMA") is more(if not only) likely to benefit AICPA people who will get benefits of the both world!! AICPA+CGMA!! (Two different things with one shot of CPA) While I will only be having ACMA+CGMA (Management+Management??!!)

Also I personally feel that the CIMA subscription that I have been paying and will be paying is going to be used for the well being of AICPA people as CIMA funds will be diverted towards promotion of CGMA. Did CIMA do any stakeholder analysis before this JV? Please correct me if I am wrong.

Is there any one practical reason why this CGMA was required for an ACMA qualified? Is CGMA an acceptance that ACMA wasn't good enough to be a global management accounting designation? No I do not agree to that!! CGMA will take hell lot of investment and management time to be even close enough to the reputation that ACMA/CIMA currently has. Wasn't it possible to have a JV with AICPA and also just have ACMA as the only designation that CIMA is interested in? I think it is a general rule that the more products you come up with, down goes the brand loyality. For example Apple and Samsung mobiles. Not really trying to teach marketing here but I think the same principle applies in terms of designations/qualifications.

Now if I ask CIMA to tell me the difference between ACMA and CGMA what is going to be their reply? If there is a difference between both of these, then how can you get CGMA as soon as you become an ACMA? You gotta be do something different to get two different designations. Or is it just an extension of existing ACMA designation? It will definitely cover more space on someone's business card. £20 to send a CGMA certificate?? Quite high Admin cost I am afraid.

Also I think that introduction of CGMA will be self destructive for CIMA. More international students will now go for CPA instead of CIMA after their university as they will be only required to do 14 hours of examinations + 1 year Accounting experience + 3 Management accounting experience to be a CGMA which is equivalent to CIMA if I am not wrong. So basically AICPA pathway will give you CPA+CGMA. CIMA takes 30 hours of examinations!! + 3 years Management Accounting experience. And when you finish that you get two designations meaning exactly the same?

Thanks.