Thank you, Mr. Speaker. I would like to inform this House as to what a CMA is. Many of you know that I use the designation CMA after my name, and I have had many enquiries asking what a CMA is. A CMA is a professional designation which signifies that I am a certified management accountant. What is management accounting? Management accounting is the use of people's skills, accounting skills and analytical skills, to improve the decisions and profitability of an organization. Most management accountants work as employees of a single organization whether in industry, business or government. They help that organization achieve its goals and objectives.
Two thirds of all opportunities in today's accounting profession are in management accounting. The CMA designation proves the individual has a combination of skills and current knowledge to function as an important member of the management team. A CMA's choice of career opportunities is flexible and unlimited. This is because every kind of organization needs professionals who are able to manage money, people, technology and information.
CMAs are in demand in all sectors of enterprise, and many are not restricted to traditional accounting roles. Many are presidents, general managers, comptrollers and now even politicians. The CMA designation is the mark of an achiever. It means public recognition and a chance to meet stimulating people while performing interesting and important work as a respected professional. The CMA designation is awarded to those who have successfully completed the academic examination and practical experience requirement established by the Society of Management Accountants.
What is the Society of Management Accountants? It is a nationally-based professional organization responsible for the training, accreditation and continual professional development of CMAs. The federation of self-governing national, provincial and territorial organizations is a society...