A Certified Management Accountant certification will help in giving your career an enhancing boost. Professionals of the financial, accounting, and business industries can open prospects of higher pay, great benefits, and better job opportunities with this certification. A CMA certificate will place you at the top of the list of preferred professionals by companies. The CMA certificate will give you an overhand with knowledge of business growth and accounting. CMA teaches you corporate governance, important business, finance, and accounting concepts. The certificate will set you apart from the general accounting professionals by teaching you about proficient and effective, profitable accounting.
CMA will provide you with better growth opportunities. Having the CMA certificate is seen by the recruiters, as a professional who can take on more responsibilities and is not restricted to accounting. The CMA certificate will also drastically change the pay rise and provide you with global opportunities. The CMA certification is given by the Institute of Management Accountants after passing the CMA exam.
The CMA Eligibility
To prepare for the examination you must first get a membership in IMA either as a student or a professional. The candidate must also have a bachelor’s degree from an accredited university or college. The candidate must also gain two years of professional experience in the financial or accounting fields to stand eligible for the certification after passing the exams.
The CMA Exam
The CMA exam is made up of two parts, these exams cover topics like accounting, finance, and business decision-making. The two-part CMA exam is entirely computer-based with four hours for each part. Each part is made of 100 questions with 75 % objective questions and 25% descriptive questions. There is no negative marking in the examinations.
CMA Course Structure
Part 1 of the CMA Exam focuses on:
- External financial reporting
- Planning, budgeting, and forecasting
- Performance management
- Cost management, and
- Internal control
Part 2 of the CMA Exam focuses on:
- Financial statement analysis
- Corporate finance
- Decision analysis
- Risk management
- Investment decisions
- Professional ethics
The CMA exam is computer-based and conducted all across the world by the Prometric facilities. The aspirant is supposed to schedule the exam at least 72 hours prior.
The CMA exams are highly competitive and have been created to curate and filter out the most deserving. The preparation for the exams will require a dedicated and concentrated schedule for the preparation. You will have to prepare yourself prior to taking the online test in a limited amount of time. To get your desired results in the exams, a strict methodical approach is required. To create the opportunity to focus on your exam preparation and also get support in education, it is advisable to utilize the help offered by training institutes.
One such pioneering training institute is Miles Education. Headed by Varun Jain, India’s favorite CMA teacher, Miles offers to make you a CMA in 6-9 months. Miles is a platinum partner of the IMA. With online test banks, live online classes by Varun Jain, and training with IMA licensed study material you will be receiving the training required to pass the CMA exam with ease.
The services provided by a training institute like Miles also include complete assistance in the entire procedure from application to the examination. Utilizing these services will also give you the chance to solely concentrate on your endeavor.