US Certified Management Accountant (US CMA) certification has been the global benchmark for management accountants and financial professionals. IMA (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in the business that offers the US CMA. Here is everything you need to know about the US CMA exam.
Eligibility for US CMA
– Bachelor’s degree or professional accounting certification
– 2 years of relevant work experience
– Successful completion of the CMA exam (parts 1 and 2)
Details of US CMA Exam
US CMA Exam comprises of two parts, covering 12 highly useful and coveted core competencies
Part 1: Financial planning, performance, and analytics
– External Financial Reporting Decisions
– Planning, Budgeting, and Forecasting
– Performance Management
– Cost Management
– Internal Controls
– Technology and Analytics
Part 2: Strategic Financial Management
– Financial Statement Analysis
– Corporate Finance
– Decision Analysis
– Risk Management
– Investment Decisions
– Professional Ethics
You need a score of 360/400 in each part to clear the exam, consisting of 75% MCQs and 25% essay type questions.
You can take the US CMA exam before you graduate
The education requirement for a candidate aspiring to be a US CMA is a Bachelor’s degree in any field (not restricted to accounting and finance). However, all candidates get 7 years, post clearing the US CMA exam to comply with the required educational proofs.
Candidates are also given the same seven-year period, to furnish their work experience proofs. This means you can attempt and pass the exams, prior to gaining the required work experience. IMA requires two continuous years of full-time work experience in management accounting or financial management.
Set your goals to be a US CMA in 2020. Take the exam at flexible times in the following windows:
May 1st to July 31st – Last day to register for an exam: July 12th
August 1st to October 31st– Last day to register for an exam: October 15th
With a global pass rate at 50% and a much higher pass rate of Indian students, achieve the US CMA in 6 months with Miles Education, a platinum partner of the Institute of Management Accountants (IMA).
Read about the scope of a CMA in India: https://blogs.mileseducation.com/cma/what-is-the-scope-of-a-cma-in-india/
For further information please check out https://mileseducation.com/cma
149 thoughts on “Do you have what it takes to be a US CMA?”
Amazing content, Thanks for the value information.
Very educative information for perusing this course and know about the requirements to be a US CMA
This is nice content.Certified Management Accountant (CMA) is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics. The CMA is a U.S.-based, globally recognized certification offered by the Institute of Management Accountants.
To date, there are more than 40,000 active CMAs with more than 80,000 candidates in the current pipeline.[2] To obtain certification, candidates must pass a rigorous exam, meet an educational requirement, experience requirement, and demonstrate a commitment to continuous learning through continuing professional education (CPE).
Professional Accounting Certification
Great content, valuable information.
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Helpful content from the perspective of those who are pursing CMA and also for those who want to purse CMA in future.
What if I wanna pursue MBA after completing CMA? Can I do the work experience later?
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After reading this post i get deep knowledge and importance of C.M.A in future options
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If i work part time while doing MBA after pursuing CMA ,will that compensate 2years of work experience to get the CMA certificate??
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Best is still waiting for you.
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What is the scope of this course in India? Will it be benefitial for indian student?
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Can you do this after class 12th?
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So , how to take the exams during the lockdown ?
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Thankyou.
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