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Certified Management Accountant (CMA)-U.S.A
CMA is an American Certification awarded by the Institute of Management Accountants (IMA) U.S. IMA has Mutual recognition agreement with ICWA of India for 100% Exam Exemptions & with CGA Canada advanced entry level for CGA program.
Who can do CMA?
Anyone who has completed a Bachelor's degree from an accredited college or university or pursuing his/her degree is eligible to sit for the CMA Exam.
What is the course structure?
The new CMA exam consists of two parts:
Part I Financial Reporting, Planning, Performance and Control
Part II Financial Decision Making
CMA Course Outline:
CMA Part I : Financial Reporting, Planning, Performance, and Control(From Jan, 2015)
• External Financial Reporting Decisions - 15% (Level C)
• Planning, Budgeting, and Forecasting - 30% (Level C)
• Performance Management - 20% (Level C)
• Cost Management - 20% (Level C)
• Internal Controls - 15% (Level C)
CMA Part II : Financial Decision Making(From Jan, 2015)
• Financial Statement Analysis - 25% (Level C)
• Corporate Finance - 20% (Level C)
• Decision Analysis - 20% (Level C)
• Risk Management - 10% (Level C)
• Investment Decisions - 15% (Level C)
• Professional Ethics - 10% (Level C)
What is the CMA exam format?
Part I
100 Multiple Choice Questions and
two 30 minute Essay Questions
Part II
100 Multiple Choice Questions and
two 30 minute Essay Questions
Passing Criterion is 72% for each Part of CMA.
What is the CMA exam duration?
Part I : Financial Reporting, Planning, Performance and Control - 4 hours
Part II : Financial Decision Making - 4 hours
What are the CMA exam dates?
Exams are offered in January and February, May and June, September and October.
Course Content:
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 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 are eligible for Membership of ICWA(India) as well without attempting ICWAI examination.
The highlights of CMA Qualification:
• International professional qualification in Financial Management and Management Accounting.
• Recognized by Institute of management Accountants (US).
• An average of 6-9 months' time to qualify the exam
• 100 MCQs and 2 Essay type questions ( Total 4 Hours duration)
• Online exams through Prometric centers worldwide
• Salary much higher compared to non-certified professionals.
• Eligibility to acquire ICWA (formerly known as ICWAI) membership certification
Essence:
• Interactive Training by CMA Certified trainer
• Topic wise notes and model questions
• Topic wise tests
• Mock Exams
• Live class room and online training
Eligibility:
• Graduation
• Students doing graduation can also appear for the exam.
• Two years' experience in financial management related field prior to or within 7 years of passing the exam.
Procedure:
• Be a member of IMA
• Register for the two part exam
• Qualify the exam fees please call us on.
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