Changes to CMA Program

Hard for me to see it either.

Best thing professional organizations can do is map their specialties closely to actual jobs. I keep reading about how the IMA should test for knowledge in economics and/or IT. Yet, I've never read a job ad for a cost accountant that contained the blurb "Must have knowledge of economics and understanding of IT". When it comes to IT as it relates to accounting, you either know how specific ERP or accounting packages work (or you don't). When it comes to economics and accounting, get out of here. There's no real connection. No one hires a cost accountant because the person understands price elasticity or other economic concepts.

Again, APICS went this route with CIRM. You're either super-specialized or you're nowhere with these things. CPIM makes sense. CIRM was some vague, 'puffy' thing that wanted to be an MBA kinda...

If the IMA really wanted to be relevant, they'd team up with SAP and develop questions specifically related to SAP cost accounting. That would be novel.

 

Thank God. I took the CTP exam today and passed.

 

Congratulations.