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In case your budget is restricted, an accounting certificate makes a great first goal, says Dr. Raef Lawson, CMA, professor-in-residence for the Institute of Administration Accountants A certificates or affiliate’s degree is a good place to find yourself and see what you are keen on at a reasonable cost, but don’t stop there,â€ he says. If money is an issue, use the certificate to find work at a company that may cover the cost of additional accounting schooling.
In response to the Institute of Management Accountants (IMA) Annual Salary Survey in 2015, practitioners who completed the Licensed Administration Accountant (CMA) designation stood to earn over 31% more lifetime earnings than peers who did not hold any certification. This 4-half examination requires two years of administration accounting expertise and covers risk administration, capital and dealing-capital points, valuation and superior monetary statement analysis.