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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Identify the three forms of accounting certification. Which form of certification do you believe is best for a managerial accountant? Why?

To determine

Discuss the three forms of accounting certification. Also, explain which certification is best for the managerial accountant.

Explanation

Certification:

Certification helps to promote the ethical behavior and certify that the holder has attained least level of specialized competence in accounting.

The three forms of accounting certifications are explained below:

  • The certified management accountant: This certificate is designed to fulfill the particular needs of the managerial accountant. To achieve this certificate, an individual should pass the examination of certified management accountant and also fulfill the criteria of experience.
  • The certified public accountant: The purpose of this certificate is to give the minimum qualification for the external auditors. This certificate provides assurance for the responsibility of external auditors. To achieve this certificate, an individual should pass the national examination of public accountant.
  • The certified internal auditor: The purpose of this certificate is to give the minimum professional qualification for the internal auditors...

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