Which of the following statements best describes the accounting profession?
A) Certified management accountants work for local, provincial, and national agencies.
B) Accountants do not need a degree to obtain their designation.
C) All accountants belong to the Chartered Professional Accountants of Canada (CPA).
D) Accountants need a master's degree to obtain their designation.

Question

Quizplus · Accepted Answer

Not all accountants belong to the Chartered Professional Accountants of Canada (CPA), but many do. The CPA is a professional organization that provides a certification for accountants who meet certain educational and experience requirements. Certified management accountants (CMAs), on the other hand, may work for various organizations but are also required to meet certain educational and experience criteria to obtain their certification. A degree is typically required for obtaining a designation as an accountant or CMA, but a master's degree is not necessarily required.

Which of the Following Statements Best Describes the Accounting Profession