What is the difference between Suzhou Management Accounting Training Course MACC and CMA

What is MACC?

According to the "Guiding Opinions on Guiding Enterprises to Improve Quality and Efficiency in Innovative Management" recently jointly issued by the 11 ministries and commissions of the State Council, the Institute of Management Accountants (IMA) combines the current Based on the current demand for international management accounting talents and the experience of training management accounting talents over the past century, the "Management Accounting Competency and Quality Framework" was officially released on November 8, 2016, covering the aspects of planning and reporting, financial decision-making, information technology, business operations and leadership. The construction of 28 competency qualities in 5 modules defines the specific competency and quality requirements of management accounting in detail at 5 levels. It is hoped that through the release of the competency and quality framework, it can better promote the development of management accounting in China and make China's management accounting Become the main force in innovative management and quality and efficiency improvement.

MACC is based on the IMA Management Accounting Capability and Quality Framework, guided by the Management Accounting Capability and Quality Improvement Project, and based on the research concepts of the MACC Expert Advisory Committee of Chinese and American management accounting experts from all walks of life. It is applicable to domestic enterprises. A universal certification course for transformation and improvement of the capabilities and quality of financial professionals.

What is CMA

CMA is the abbreviation of Certified Management Accountant in the United States. It is a global professional accounting certification in the field of management accounting launched by the IMA Association in 1972. It was introduced into my country as an intelligence introduction project in 2009 and was unanimously recommended by the Ministry of Finance and the State-owned Assets Supervision and Administration Commission. Together with AICPA and CFA, it is known as the world's three major gold certifications, recognized by more than 180 countries and regions around the world, and is known as the Mini-MBA in the financial industry. Because of its extensive content and strong practicality, it is favored by the world's top 500 companies.

CMA focuses on the cultivation and development of management accounting talents. With the concept of "finance supports strategic decision-making and strategy is integrated into financial management", it helps finance to fully master the "finance + management + business" knowledge system. Focus on budget forecasting, internal control, decision support, risk management, cost analysis, etc. The purpose is to cultivate the breadth and depth of knowledge of financial managers so that they can predict business needs and participate in strategic decision-making, support corporate strategic decision-making analysis, effectively implement cost control, and promote corporate performance improvement.

CMA objectively evaluates students’ relevant work experience, educational background, professional knowledge, practical skills, professional ethics, and continuous learning and development capabilities in management accounting and financial management.

How to weigh the CMA and MACC?

Professor Liu Junyong, deputy dean of the School of Accountancy at the Central University of Finance and Economics, once asserted: "In the next ten years, the talent structure of the accounting industry will undergo tremendous changes. China Low-level financial accounting personnel will be replaced by high-end accounting talents such as management accountants, and it is initially estimated that 2/3 of ordinary financial accountants will be forced to face unemployment or change careers." It can be seen that in the face of market demand under today's economic fluctuations, companies have high demands on financial personnel. The requirements have changed from ordinary "accounting clerk" to "strategic financial management accounting", and the transformation of financial functions has become a general trend.

At present, the management accounting certification recognized by the industry and the government in China is none other than CMA. For financial practitioners, CMA, as the two most authoritative and valuable management accounting qualifications, has become the first choice for accountants to improve their self-ability and promote career development.

Up to now, thousands of first-class companies such as Bank of China, Johnson & Johnson, Agricultural Development Bank of China, Ping An Group, Bingzhuang Group, Weigao Group, Caterpillar, Uni-President, Nestlé, Lenovo, UF, and New Oriental have also Based on their own needs, they have organized and carried out internal CMA management accounting training and vigorously cultivated reserve management accounting talents. In corporate finance recruitment, it is clear that CMA certificate holders are given priority and are used as an important criterion for promotion to financial executives.