“Certified Management Accountant”
Certified Management Accountant (CMA) is a certification in financial accounting and strategic management. Furthermore, unlike other accounting certifications, CMA is a globally recognized credential with a special focus on corporate finance and management accounting. Consequently, it may be useful to get a brief perspective of CMA before we drive into how it can enrich your career.
US Certified Management Accountant (CMA) is the highest level of certification in management accounting awarded by the institute of Management Accountant (IMA-USA) which acts as a global passport for accountants and finance professional to elevate their careers. ON the other hand, passing the CMA exam is considered one of the most challenging tasks that require intense efforts, analytical skills and through knowledge of the entire curriculum. The exam has two parts that presents hundreds of questions and take hours to complete. Therefore, careful preparation with smart time management is a must.
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
Candidates for CMA certification must complete all required examination parts.
- Part 1: Financial Planning, performance, and Analytics ( 4 hours- 100 multiple-choice questions and two 30-minutes essays ).
- Part 2: Strategic Financial Management ( 4 hours- 100 multiple-choice questions and two 30-minutes essays ).
To be eligible for CMA certification, you must fulfill all of the following requirements:
- Active membership in IMA
- Active CMA entrance fee
- Satisfy the education qualification
- satisfy the experience qualification
- Complete all required examination parts
- comply with the IMA statement of ethical professional practice
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