CMA (USA) – Certified Management Accountant – IMA
CMA (Certified Management Accountant) by IMA (Institute of Management Accountants, USA) is an advanced, globally accepted contemporary professional certificate that supports management accounting and finance professionals who drive business performance. CMA’s play an integral role in the strategic decision-making process, within the organization.A CMA professional upholds the highest level of professional and ethical standards. Many large, multi-national manufacturers and employers regard highly of the CMA designation. The recent bilateral agreement that has been formed with ICWAI gives mutual recognition to CMA and ICWAI certifications. As per the MOU, CMA(USA) Certified Members can opt for Membership of ICWA(India).
The Highlights of CMA Qualification:
An International professional qualification in Financial Management and Management Accounting.
Recognized by Institute of Management Accountants (USA).
On an average 6-9 months time to qualify the exam
75% questions are "objective" type
Current global pass percentage 42%
Salary much higher compared to non-certified professionals.
Eligibility to acquire ICWAI membership certification
Candidates for CMA Certification must complete Two Examination Parts:
Part 1: Financial Reporting, Planning, Performance & Control (4 hours - 100 multiple choice questions and two essay questions)
Part 2: Financial Decision making (4 hours - 100 multiple choice questions and two essay questions)
The Content Specification Overview
Part 1: Financial Reporting, Planning, Performance and Control
External Financial Reporting Decisions, Planning Budgeting Forecasting, Performance management, Cost Management, Internal Controls.
Part 2: Financial Decision Making
Financial Statement Analysis, Corporate Finance, Decision Analysis, Risk Management, Investment Decision, Professional Ethics.
A Bachelors Degree,in any area, from an Accredited College or University
Candidates for the CMA Certification must complete two years of professional experience in Management accounting and or financial management or the areas specified by IMA. This requirement may be completed prior to or within seven years of passing the examination. Professional experience is expected to be gained in full-time employment. However, continuous past -time positions of 20 hours per week meeting the definition of qualified experience will count towards this requirement at a rate of one year of experience for every two years of part-time employment.
Internal Auditors, Chief Financial Officer, Public Finance Associate, Senior Financial Analyst, Business Financial Analyst, Senior Accountant, Director-Finance, Relationship Manager, Finance Director, Senior Executive Officer Senior, Accountant Investigator, Payroll Accountant, Chief Operating officer, Chief Investment Officer, Senior Financial Executive, Finance Manager, Cost Analyst, Accountant, Pricing Analyst.
Regular [January & June]
Sunday [January & June]
Distance & Online