Which of the following professional certificates is considered to be the most relevant for dealing with cost management issues?
A)The CPA, which is monitored differently for each state in the U.S.
B)The CMA, which is administered through the Institute of Management Accountants.
C)The CFA, since its program focuses on the broadest range of topics and responsibilities for financial analysis.
D)The CPA, CMA, and CFA are viewed as equally relevant, since all three require an exam, as well as specific background and experience requirements.

Question

Quizplus · Accepted Answer

The CMA (Certified Management Accountant) is specifically designed to address cost management issues and is administered through the Institute of Management Accountants. While the CPA (Certified Public Accountant) and CFA (Chartered Financial Analyst) certifications are also relevant in finance and accounting fields, they focus on broader areas and do not solely specialize in cost management. Therefore, the CMA is the most appropriate for dealing with cost management issues.

Which of the Following Professional Certificates Is Considered to Be