Question

Certified management accounts vs certified public accountants

Answer 1

Certified Management Accountants focus on internal management accounting, while Certified Public Accountants handle a variety of public accounting services. The Comptroller of Public Accounts, meanwhile, is a government role involving accounting record maintenance and tax collection.

Step-by-step explanation:

When comparing Certified Management Accountants (CMAs) and Certified Public Accountants (CPAs), it's important to understand their distinct roles in the field of accounting. CMAs typically focus on the internal managerial aspects of accounting within an organization, which includes budgeting, strategic planning, and internal financial analysis. By contrast, CPAs often have a broader scope of responsibilities, such as auditing, financial reporting, and taxation services that can be provided to the public.

The Comptroller of Public Accounts is an example of a high-level accounting position within the government sector, where the individual is responsible for maintaining the state's accounting records, collecting taxes, and preparing annual financial statements. This role bridges some responsibilities commonly associated with both CMAs and CPAs, as it requires expertise in accounting practices and financial stewardship.

Answer 2

Step-by-step explanation:

Difference Between CPA and CMA. ... read more (CMA). Both function as accountants but with a difference in approach. A CPA certified person generally works in tax and auditing, while a CMA certified person works as a management accountant responsible for the cost and financial analysis.