“Certified Management Accountant”

CMA Overview

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.

The CMA

Exam Breakup

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 ).

Eligibility

Criteria

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

Up Coming 

Exam Dates

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