Certified Management Accountant (CMA-USA) is the highest level of certification in management accounting that acts as a global passport for accountants and finance professionals.
The CMA (USA) course or certification is offered by IMAR (Institute of Management Accountants) of USA, which is the worldwide association of accountants and financial professionals in business. IMA has 125,000+ members and global reach of 140 countries through 300 professional and student chapters.
Parts Of CMA
CMA PART 1
Part 1: Financial Planning, Performance, and Analytics
Section: Topic: Weightage
A: External Financial Reporting Decisions: 15%
B: Planning, Budgeting and Forecasting: 20%
C: Performance Management: 20%
D:Â Cost Management: 15%
E: Internal Controls: 15%
F: Technology and Analytics 15%
CMA PART 2
Part 2: Strategic Financial Management
Section: Topic: Weightage
A: Financial Statement Analysis: 20%
B: Corporate Finance: 20%
C: Decision Analysis: 25%
D: Risk Management: 10%
E: Investment Decisions: 10%
F: Professional Ethics 15%
Exam
Pattern
Course Detail
Depending on the candidate's dedication and focus, it takes a minimum of 6 months to complete the CMA course.
Normally, it takes 12-18 months to complete both parts, on average
Exam Detail
Each Exam Part is FOUR HOURS in length
100 Multiple Choice Questions in 3-Hours, followed by TWO 30-Minute Essay Scenarios
At least 50% of the Multiple-Choice Questions should be answered correctly to be eligible to take the Essay Section
CMA Exam is conducted in a Computer-Based format
CMA Exam is conducted at PROMETRIC Testing Centers located throughout the world
THREE Exam Testing Windows offered each year
â– January & February
â– May & June
â– September & October
Career Paths and Jobs for CFA® Charterholders
As a CFA Charterholder, you will be considered as the apex for professional development in the global finance industry. Opportunities for growth exist in a wide range of finance sectors including: Â
Investment Management
Wealth Management
Financial Analysis
Corporate Finance
Risk Management
Private Equity and Venture Capital
Investment Management
Hedge Funds and Alternative Investments
Consulting
Career Paths and Jobs for CMA Certificate Holders
The CMA Certification opens job opportunities worldwide. Some of the roles that a CMA Qualified professional can get are:
Staff Accountants
Finance Manager
Cost Accountant
Financial Controller
Internal Auditor
Financial Analyst
Treasurer
Financial Risk Manager
Chief financial Officer
Eligibility
Here is the eligibility criteria in order to become a CMA (Certified Management Accountant)
Any one can sit for the exam There is no qualification requirements to sit for the exam
You just need to have some basic knowledge of accounting
After passing both the papers, you will need to submit 2 years work experience and Bachelor’s or Equivalent Degree to IMA within 7 years of passing both the papers to get the Certificate.
Frequently Asked Questions
What is the US CMA?
The US CMA is an advanced professional certification that measures the significance of accounting and financial management skills. This accreditation is mainly relevant for success in a business environment.
What is the US CMA exam pattern?
Each CMA exam part entails 100 multiple-choice questions and has two 30-minute essay questions. You get 3 hours to complete the MCQ and 1 hour to complete the essays.
The essay section includes 8–10 written responses based on two scenarios, describing general business situations.
What are the requirements to become a US CMA?
Bachelors degree Qualify for both CMA exam parts. 2 years of relevant work experience
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