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CMA (Certified Management Accountant)

Today is the first day of the rest of your career. Make it count.

Be a future-ready analysis and finance professional. Be a US CMA.

Certified management accountant (CMA) is an analysis designation that signifies expertise in financial accounting and strategic management.

In 1919, the Institute of Management Accountants (IMA) was established which is one of the largest and most admired associations that is focused exclusively on advancing the management accounting profession. The IMA introduced this course in 1972 which is a globally comprehended programmed, it can be seen as a modern qualification for accountants and financial professionals in business. Which had made its reach in more than 150+ countries with 1,25,000

 

Why US CMA?

Bachelor’s degree with a CMA will have an enormous and a positive impact on your career, and you will also be delighted to gain many opportunities across the globe. This program will make sure that you expertise in the field that you had chosen and your personal and professional growth. It provides expertise require for the prosperous career in a profession.

US CMA enables an individual to work in Indian companies and in international companies which helps to increase the earning potential of an individual. If a person is interested in business side of accounting and finance then US CMA is the best and right choice for an individual. For 50 years, the US CMA (Certified Management Accountant) certification has been the global norm for management accountants and financial professionals. The course can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table. The designation demonstrates expertise in financial accounting, control, analysis and decision-making. CMAs are required to adhere to a strict set of professional standards. The course opens the gate for more career opportunities, as after any graduation degree or high school diploma a person can get a job in companies like Hewlett-Packard, Bank of America, etc. by completing the US CMA course. A CMA can earn more than 67% then the candidates who had just finalized a bachelor’s degree. The course is relatively shorter than any other course as it consists of two parts each part has 6 modules, also a pathway to management accounting and an individual gets a chance and ability to work abroad in the US, Canada, Australia, etc.

 

Eligibility for US CMA:

To be eligible for the US CMA course an individual must fulfil some essential demands required the course:

  • Students who want to pursue the course can start it ahead as post 12th examination so that when they complete their degree and got their work experience they can become the member as early it is possible.
  • A individual should be a registered member of the Institute of Management Accountants (IMA).
  • A individual must comply with the IMA’s statement of Ethical Professional Practice.
  • A individual must have 2 years of work experience in management or financial accounting and must have successfully completed both the parts i.e. part 1 and part 2 of the examination.
  • A UG degree from a well known university or college in the relevant field must be there.

Course Curriculum for US CMA:-

Part 1- Financial Planning, Performance and Analytics:

  • 15% External Financial Reporting Decisions
  • 20% Planning, Budgeting, and Forecasting
  • 20% Performance Management
  • 15% Cost Management
  • 15% Internal Controls
  • 15% Technology and Analytics

Part 2- Strategic Financial Management:

  • 20% Financial Statement Analysis
  • 20% Corporate Finance
  • 25% Decision Analysis
  • 10% Risk Management
  • 10% Investment Decisions
  • 15% Professional Ethics

Job Roles of US CMA:

The broad scope that US CMA furnishes in India and in abroad is unmatchable as it is globally recognized course and it open pathways to the opportunities like:

  • Finance Manager
  • Relationship Manager
  • Chief Financial Officer
  • Cost Manager
  • Financial Controller
  • Financial Analyst
  • Financial Risk Manager
  • Cost Accountant, etc.

Comparison with Other Professional Certifications

Certification CMA US CPA US ACCA UK CA India CMA India
Administered By Institute of Management Accountants- IMA USA American Institute of Certified public Accountant-AICPA USA Association of Chartered Certified Accountants – ACCA UK The Institute of Chartered accountants of India The Institute of Cost accountants of India
No. of Papers/Exams 2 4 13 20 20
Duration 6-9 Months 12-18 Months 2-3 Years 3-5 Years 3-5 Years
Paper pattern MCQs & Essay type questions MCQs & Task based Simulations MCQs, Scenario Based & Case Studies Descriptive Descriptive
Syllabus Management Accounting, Costing, Financial Management Auditing, Taxation, Financial Reporting, Costing, Economics, IT Security Auditing, Accounting, Taxation, Costing, Corporate Law, Financial Management Auditing, Accounting, Taxation, Costing, Corporate Law, Financial Management Auditing, Accounting, Taxation, Costing, Corporate Law, Financial Management
Exemptions No Exemptions No Exemptions Upto 9 Papers Exemption No Exemptions No Exemptions