Abbreviation | CMA Canada |
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Formation | May 3, 1920 |
Legal status | Incorporated by letters patent under the Canada Corporations Act, Part II |
Objective | Encourage professionalism in accountancy in Canada |
Headquarters | Mississauga, Ontario, Canada |
Region served | Canada, Bermuda, Hong Kong, Caribbean |
Membership | 50,000 |
Students | 10,000 |
Member's designations | CPA, CMA, or FCPA, FCMA |
Official languages | English, French |
Chair | Cassandra Dorrington |
Vice Chair | Lorri Lowe |
President and CEO | Joy Thomas |
Governing body | Board of Directors |
IFAC member since | 1977 |
Website | www |
The Society of Management Accountants of Canada (French: La Société des comptables en management du Canada), also known as Certified Management Accountants of Canada (French: Comptables en management accrédités du Canada) and CMA Canada, awards the Certified Management Accountant designation in Canada.
CMA Canada, through its provincial and territorial affiliates, grants the CMA professional designation in accounting and is responsible for standards-setting, accreditation and the continuing professional development of CMAs.
CMAs apply expertise in accounting, management and strategy to ensure corporate accountability and help organizations maintain a long-term competitive advantage. CMA Canada offers executive development programs, online courses, and knowledge management publications.
Management Accounting Guidelines and Management Accounting Practices are published by CMA Canada to specify the best practice on key topics in management accounting. They are available for download free of charge or on CD for a nominal charge to CMAs, and can be purchased by non-members.
The mission of the Society has closely tracked the evolution from cost accounting to management accounting in Canada, and its distinction from financial accounting:
A merger was proposed between the Canadian Institute of Chartered Accountants and CMA Canada in 2004, but it did not go beyond exploratory talks. Discussions began again in mid-2011, which later expanded to include CGA Canada. A merger proposal was discussed at the provincial level of all three organizations for the creation of a national accounting body that would issue the professional designation of Chartered Professional Accountant. CICA and CMA Canada joined together in 2013, to create Chartered Professional Accountants of Canada (CPA Canada)