CMA US An Overview - College

Certified Management
®
Accountant (CMA , US)
Institute of Management Accountants (IMA, USA)
For more than 100 years, Institute of Management Accountant (IMA)
(www.imanet.org) has been a champion of—and resource for—the
financial management and accounting profession
IMA is committed in helping you – and their network of more than
140,000 members, 150 countries, and more than 350 professional and
student chapters – to expand your professional skills, better manage your
organization, and enhance your career
IMA offers its members exclusive access to the CMA program and
celebrates 50 years of success, awarded 100,000 CMA certificate
Essentially, here are some of the most common industries to employ a
certified management accountant include:
✓ Manufacturing
✓ Educational services
✓ Mining
✓ Insurance and real estate
✓ Medical and health services
✓ Transportations
✓ Communications and utility services
✓ Construction
✓ Finance Sector
✓ Banking
Areas of Study
The CMA exam is organized into two parts:
Part ONE: Financial Planning, Performance and Analytics
Part TWO: Strategic Financial Management

Highlights of ®
CMA (USA)
➢Two exams only
➢Online exams. 75% MCQs and 25% descriptive. No Negative marks
➢Student Membership at a significant reduced rate in IMA® Fees
➢Course can be completed in One year
➢Exams are conducted also in India
➢Allow students to take the exam before they graduate
➢Any degree in Accounting, Science, Arts, Business, Law and Engineering
are eligible for the program
What knowledge will you gain from the CMA?
Part 1
15% 20% 20% 15% 15% 15%

Part 2
20% 20% 25% 10% 10% 15%

Exam Testing Windows are:
There are three (3) exam testing windows are available in year.
They are:
➢January – February
➢May – June
➢September – October
Exam Structure:
➢Online Exams and are administered through the worldwide network of
Prometric Testing Centers
➢Each exam part is four (4) hours in length which includes 100 multiple-
choice questions and 30-minute each two (2) essay questions
Education and Work Experience Requirements
Education: - Candidates seeking admission to the CMA program must
hold a bachelor’s degree in any area, from an accredited college or university.
❑Note: - Educational credentials must be submitted when applying or within 7 years
of passing the examination. The educational credentials must qualify in order to be
certified
Experience: - Two (2) continuous years of professional experience in

financial management and/or management accounting are required any time prior to
or within 7 years of passing the examination
❑To qualify, employment must be in a position that requires regular involvement in the
principles of management accounting and financial management. e.g:- financial
analysis, budget preparation, management information systems analysis etc
Which Part Should I Take First?
You can take any parts. Either part 1 first or part 2
How much should I score to qualify each

part?
➢ 72% (360/500)
➢ Total marks for each part is 500. Needs to score 360 to qualify each
part
➢ MCQ 350 marks and descriptive (essay) 150 marks
CMA Exam Scores
Work Experience Requirement
Candidates for the CMA Certification must complete two continuous years of professional
experience in management accounting and/or financial management. Qualifying experience
consists of positions requiring judgments regularly made employing the principles of
management accounting and financial management. Such employment includes:
• Preparation of financial statements • Forecasting

• Financial planning and analysis • Company investment decision making
• Monthly, quarterly, and year-end close • Costing analysis
• Auditing (external or internal) • Risk evaluation
• Budget preparation and reporting • Management information systems
• Manage general ledger and balance analysis
sheets
Why is CMA the best accounting and finance
certification?
1. The CMA Syllabus is practical and relevant to your job
2. You only need to pass two exams
3. You only need a Bachelor’s degree and two years of relevant work
experience to get your certificate
4. Your CMA certification is internationally recognized

Here are 6 good reasons why you should become a CMA:
Gold Standard
It’s the gold standard in Management Accounting – meaning it is an
advanced certification specifically designed to measure critical
accounting and financial management skills. It is also a very respected
designation
More Practical
The skills are more practical – it turns out that nearly 80% of us end up in
non-public accounting, so the knowledge learned from taking the CMA is
especially helpful and desired.
More Career Options
You have more career options and flexibility. According to the IMA’s
survey, 80% of CMAs feel that their certification allowed them to move
freely across all areas of the business – accounting, executive
leadership, operations, IT, and finance. 77% say that new career
opportunities were opened to them because of their CMA certification.
Earn 6 – Figures
As a CMA you earn more – approximately 55% more than non-certified
professionals.
On average, CMAs all over the world earn $90,000 a year, and they reach 6-
figures in the USA with $121,795 a year.
CMA Wanted
Low Supply
We’re in low supply – which means the Fast Track
timing is ripe for you to take your career If you are a professional looking
to the next level with minimum to fast-track your career in
competition. If you are determined to nab management accounting, gain
your CMA title then you are in the right credibility at work, earn a six-figure
spot! I have helped thousands of CMA salary, and be an executive team
candidates like yourself pass the exam on the member of your company, then the
first try and I would be happy to help you CMA designation is the right choice for
too. You’ll gain credibility at work and you!
respect from peers.
Membership Types
IMA Membership Benefits
Continuing Education Global Conferences
1400+ e-learning courses (English) Student Leadership Conference
170 Podcasts (140+ countries) Middle East Annual Conference
IMA webinars Partner webinars IMA's AsiaPac Conference
Women's Leadership Summit
Virtual events globally
Career Resources
IMA Management Accounting Education for the Future
Competency Framework Technology & Analytics Center
CareerDriver® career assessment and Technology Education:
management tool IMA Data Analytics & Visualization Fundamentals
Job Board Certificate® Blockchain 101 by IMA
Career Articles IMA Excel Series TechTalk webinars
Beyond the Basics: Courses on
Data Analytics and Blockchain,
Fundamentals Visualization for Cybersecurity, RPA,
Accounting Professionals and More
Certificate™
Cost, Time & Pass percentage comparison with other professional courses
Profession Average No of Cost of the Time Earning lost Pass %
al Courses required yrs Exams program saved if in studentship
to Pass (an inlv of pvt do the @ Rs.25,000/-
assumption) tuition CMA, pm x 12 x no.
US yrs
ACCA 3 13 350,000.00 2 600,000.00 47.50%
CIMA 3 14 400,000.00 2 600,000.00 53.36%
MBA 2 32 500,000.00 1 300,000.00 95%
CA / CMA /
5 16 150,000.00 4 12,00,000.00 10-15%
CS
CMA, US 1 2 150,000.00 0 0 40 - 45%
Disclaimer: The above table is as per our research data. It is advised that the prospective student takes an
independent expert’s opinion before making a choice.

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Certified Management

Part TWO: Strategic Financial Management

15% 20% 20% 15% 15% 15%

20% 20% 25% 10% 10% 15%

Experience: - Two (2) continuous years of professional experience in

How much should I score to qualify each

• Preparation of financial statements • Forecasting

2. You only need to pass two exams

4. Your CMA certification is internationally recognized

CIMA 3 14 400,000.00 2 600,000.00 53.36%

MBA 2 32 500,000.00 1 300,000.00 95%

CMA, US 1 2 150,000.00 0 0 40 - 45%

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