CMA (USA)
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The Certified Management Accountant (CMA) designation is a highly respected credential awarded by the Institute of Management Accountants (IMA) which is a US-based worldwide association for accountants and financial professionals working in business. The CMA designation provides an objective measure of an individual’s knowledge and competence in the field of management accounting and financial management. CMAs have extensive career opportunities with MNCs in India and across the world.
Some more good news here:
- CMA exams comprise just 2 parts, and it takes merely 900-1200 hours of study to clear the CMA exams
- CMA exams are online computerized exams administered over 6 months every year
- CMA exams can be taken at Prometric test centers in India
- Total cost of achieving the CMA certification is less than INR 100k
- CMA is an amazing opportunity for students as well as professionals in accounting & finance who are looking at a significant career progression. And with this conviction.
Clear the CMA Exams
The CMA exams can be taken in Prometric centres across major cities in India. The CMA exams may be taken in any of the three testing windows each year – (i) January & February, (ii) May & June, (iii) September & October Catalyst team will guide and support you through the entire process including exam application and scheduling. Results for the exams are released within 6 weeks after the end of the month in which the exams were taken.
Become a CMA
To obtain the CMA certificate, CMA candidates need to fulfill the following criteria:
Note: The education requirement may completed prior to or within 7 years of passing the examination.This implies that students who are pursuing their bachelor’s are eligible to take the CMA exams.
CMA USA Examination Format
PART I FINANCIAL PLANNING, PERFORMANCE, AND CONTROL | PART II FINANCIAL DECISION-MAKING |
Planning, Budgeting and Forecasting (30%) | Financial Statement Analysis (25%) |
Performance Management (25%) | Corporate Finance (25%) |
Cost Management (25%) | Decision Analysis and Risk Management (25%) |
Internal Controls (15%) | Investment Decisions (20%) |
External financial reporting decisions (15%) | Professional Ethics (5%) |