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blue moncler jackets The role of the accountant needs to adapt with the change of an increasing threat of outsourcing and globalization.  A part of the job of a financial accountant is auditing and the preparation of taxes.  Many of these tasks are being outsourced to firms internationally, and are located in parts of the world where labor is less costly. The increasing use of the Internet and advancing technology are making it possible to have these tasks performed in other countries.  Accountants need to be aware of these changes and adapt accordingly.  There are various ways for the accountant to adapt to globalization and outsourcing; such ways would include continuing education and acquiring certifications, which broaden the knowledge of the traditional financial accountant.  One of the certifications is the Certified Management Accountant (CMA) to accompany the already attained Certified Public Accountant (CPA).A CPA is a financial accountant who uses information to compare entities, where as a CMA uses information to compare operations within one entity.  A CMA is an accountant who understands financial accounting and is involved with the decision making process of management.  The CMA is involved with and understands internal elements of the company as well as the external elements.  These internal elements would include, but are not limited to, the workforce, materials and management. External elements consist of competitors, suppliers, and customers.  The management accountant relies on cost accounting, which is concerned with the overall cost associated with productions at each level.  The CMA helps the management with cost analysis using such methods as activity based costing and cost allocation.  Management accountants have an important role in the way a company is operated, due to their involvement with budgeting and planning.  The CMA and the CPA are both involved in the past performance of a company, but the CMA goes further by including the projected performance of a company. A CMA is more ‘hands on'; not merely a reactionary person who follows up on company decisions made outside of their scope of work.  The management accountant helps define how a company can move forward within the fiscal parameters of past performance and future financial planning. Companies are almost always looking for opportunities to grow, with that in mind, many are looking globally to fulfill expansion needs.  With companies wa Thursday Night Football Live Streaming:Pittsburgh Steelers vs. Cleveland Browns Live Streaming nting to broaden their horizons internationally, they are going to need an accountant with additional skills and knowledge, and the CMA is a perfect candidate.  As these companies become more competitive in the global economy, it is necessary for a management accountant to acquire international business knowledge needed to survive global competition.  While management accountants are able to prepare financial statements for the outside users, the stockholders, they are still aware of external elements, like competitors and customers. In addition, A CMA can also prepare budgets and help with the future planning of the enterprise.  The CMA has played a role in the management of companies outside the United States for many years, while American companies are just learning the value of this role.   The American management style is now leaning towards structure, analysis and team orientation.To become a CMA, an accountant is required to pass a two part exam.  This exam is given in most large cities worldwide.  The first part of the exam tests knowledge about planning, budgeting, ethics and cost management.  The second part consists of questions about financial statements, decision analysis, corporate finance and ethics.  These exams are multiple choice and essay format and are administered by the Institute of Management Accountants.The tasks of the financial accountant can be outsourced, but the management accountant plays a key role in the success of a company.  Credentials of the CPA are recognized only in the United States, where as the CMA credentials are recognized worldwide.  The CMA will give an accountant the knowledge to compete locally and globally in a constantly changing market.  A blend of these two certifications is going to provide the best opportunities to adapt with globalization.  The accountant needs to be aware globalization is occurring and accept the change.  While attaining new certifications and continually learning the new standards and technology in accounting, the accountant can be confident to have a secure position in the changing economy.References"CMA Certification." Institute of Management Accountants. www.imanet.org/ima_home.aspxGanni, Fadi. "CMA's Significance in the Middle East." Strategic Finance. 90.5 (Nov 2008): 21-22. Business Source Premier.Pounder, Bruce. "How globalization is affecting U.S. accountants."  Leveraged Logic. (2006). Web.Thomson, Jeffery. "IMA is Broadening its global presence." Strategic Finance. 91.5 (Nov 2009): 8-12. Business Source Premier Outsourcing in the United States