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Careers in Accounting & Finance: Joan Mar
Thu, December 08 2005
Name: Joan Mar
Age: 32
 
CAREER

Title of occupation: Human Resources Manager, but started as a Senior Project Accountant
Company: McDonald Dettwiler (MDA) and Associates
Years at company: 7 years
Hours worked each week: 40 hours
Salary range: $60,000 to $85,000
Salary potential: 6 figures
Best part of job: The opportunity to work with a variety of people and tying in the human aspect with the business aspect.
Other possible career choices: IT, systems enhancements, human resources, accounting
 
EDUCATION
Degree: Bachelor of Commerce in Accounting, CMA
School: UBC
Grad year: Commerce: 1994, CMA: 1997
Length of program: CMA takes two years to complete
Advice: Open communication is the key to your success
 
LIFESTYLE
Favourite pastime: Hanging out with family and my three-year-old daughter
Upcoming vacation plans: No, I‘m 7 months pregnant.
In 5 years, I see myself enjoying: It will be 2010, so ideally I will be participating or volunteering at the Olympics
 
WHAT‘S THE DIFFERENCE BETWEEN CA, CMA AND CGA DESIGNATIONS?

Chartered Accountant (CA)
Both CAs and CGAs offer accounting services to the public or businesses.

CAs are business professionals who generally work in four key areas-public practice,industry, government and education. About 40 per cent of CAs are in public practice with the other 60 per cent in industry, government or education.

Certified General Accountant (CGA)
Both CAs and CGAs have the same legal rights to perform audits and accounting. In fact, CGAs work in CA firms and vice versa.

The difference is in how their designation is obtained. In order to get a CA designation, a degree is needed before beginning the program, along with thirty-six months work experience in a public practice firm working on audits.

The CGA program, on the other hand, does not require a degree to begin the program, but one is needed to finish. This allows the advantage of some degree granting partnership programs.

Certified Management Accountant (CMA)
CMAs are private accountants employed by a business or government. CMAs work on strategic direction, business management and leadership, offering services in cost management, process management, risk management and assurance services, among others.

(Source: Robert Half, CMA)