Industry and Insights - CPA vs CMA with John Moore

On today's episode of Industry & Insights, we're joined with Dr. John Moore, Chair of Accounting and Finance at Walsh College. He discusses the difference between the CPA vs CMA credentials, their significance in the accounting industry, and the career opportunities they offer. Dr. Moore shares his own personal journey from becoming a CPA to a CFO, highlighting the evolving landscape of accounting due to technology. He emphasizes the importance of critical thinking, communication skills, and real-world application in the field, advocating for the value of a Walsh education that combines technical knowledge with practical experience.
Explore the World of Accounting: bit.ly/45rp6Ne
Takeaways
📈 Accounting offers a vast array of career opportunities with wide salary ranges, making it important to understand the various paths available.
🎓 Both CPA (Certified Public Accountant) and CMA (Certified Management Accountant) are prestigious credentials in the accounting field, each with different focuses and requirements.
🏢 CPAs are more focused on public accounting, external reporting, and assurance services, while CMAs are geared towards and cost accounting.
💡 The accounting industry has evolved significantly with technology, shifting from manual processes to more analytical and decision-making roles.
📊 CPAs and CMAs are in high demand, with a shortage of highly qualified accountants and finance professionals in the current job market.
🏆 Earning a CPA or CMA can lead to high-level executive positions such as CFO (Chief Financial Officer) and controllership roles in both public and private sectors.
🌐 Walsh College stands out for its faculty's real-world experience, blending technical knowledge with practical application, providing a well-rounded education for accounting and finance careers.
💼 Career progression in accounting is not just about the numbers but also about effective communication, critical thinking, and the ability to influence decision-making within an organization.
💰 Salaries for CPAs and CMAs are on the rise, with potential for a good work-life balance and rewarding career paths.
🔍 The accounting profession requires a combination of technical skills, soft skills, and the ability to adapt to the changing landscape of business and technology.
Learn more about the difference between the CPA and CMA: bit.ly/3MUFD5y
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About Us:
Walsh College is a private, nonprofit business and technology school in Troy, Michigan. At Walsh you'll find degree programs and business certificate programs designed to give you the hands on skills needed for the global marketplace. For over 100 years, Walsh has been inspiring the business leaders of tomorrow through real world education with real life results.
To learn more about Walsh, visit www.walshcollege.edu/
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