US Certified Management Accountant (US CMA) certification has been the global benchmark for management accountants and financial professionals. IMA (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in the business that offers the US CMA. Here is everything you need to know about the US CMA exam.
Eligibility for US CMA
– Bachelor’s degree or professional accounting certification
– 2 years of relevant work experience
– Successful completion of the CMA exam (parts 1 and 2)
Details of US CMA Exam
US CMA Exam comprises of two parts, covering 12 highly useful and coveted core competencies
Part 1: Financial planning, performance, and analytics
– External Financial Reporting Decisions
– Planning, Budgeting, and Forecasting
– Performance Management
– Cost Management
– Internal Controls
– Technology and Analytics
Part 2: Strategic Financial Management
– Financial Statement Analysis
– Corporate Finance
– Decision Analysis
– Risk Management
– Investment Decisions
– Professional Ethics
You need a score of 360/400 in each part to clear the exam, consisting of 75% MCQs and 25% essay type questions.
You can take the US CMA exam before you graduate
The education requirement for a candidate aspiring to be a US CMA is a Bachelor’s degree in any field (not restricted to accounting and finance). However, all candidates get 7 years, post clearing the US CMA exam to comply with the required educational proofs.
Candidates are also given the same seven-year period, to furnish their work experience proofs. This means you can attempt and pass the exams, prior to gaining the required work experience. IMA requires two continuous years of full-time work experience in management accounting or financial management.
Set your goals to be a US CMA in 2020
. Take the exam at flexible times in the following windows:
May 1st to July 31st – Last day to register for an exam: July 12th
August 1st to October 31st– Last day to register for an exam: October 15th
With a global pass rate at 50% and a much higher pass rate of Indian students, achieve the US CMA in 6 months with Miles Education, a platinum partner of the Institute of Management Accountants (IMA).
Read about the scope of a CMA in India: https://blog.mileseducation.com/cma/what-is-the-scope-of-a-cma-in-india/
For further information please check out https://mileseducation.com/cma