ABOUT:
The CMA® (Certified Management Accountant) program, offered by IMA® CMA®, stands as a beacon of expertise in financial accounting and decision-making for accounting and finance professionals. This prestigious certification signifies a deep understanding of financial planning, analysis, and control while upholding the highest ethical standards.
Attain professional excellence with CMA®, a credential that validates dedication through a rigorous two-part exam. Holding the IMA® CMA® designation showcases a commitment to mastering management accounting and financial management, empowering professionals to navigate complex financial landscapes effectively.
CERTIFICATION BODY: Institute of Management Accountants – IMA® USA
LEARNING OBJECTIVES:
- Financial Statements Expertise: Gain vital insights for strategic decisions.
- Budget Control Mastery: Enhance financial management skills with budget control.
- Strategic Decision-Making: Acquire expertise for organizational benefit.
- Financial Tools Proficiency: Skillfully use financial management tools.
- Impactful Reporting: Craft comprehensive reports for planning and forecasting.
- Risk Management Skills: Design effective financial risk strategies.
- CMA® Benefits: Global recognition, higher pay, and career success.
- Professional Advancement: Stand out with CMA® certification in accounting.
EXAM INFORMATION:
- Examining Authority: Institute of Management Accounts( IMA®), USA.
- Number of Exams: Two parts, each comprising:
- 100 Multiple Choice Questions (MCQs)
- Two Essay Questions
- (30 minutes each)
- Eligibility for Essay Section: Candidates need at least 50% correct MCQs to access the essay section.
- Duration: Four hours per part.
- Pass/Fail Determination: Total score determines pass/fail status; passing both sections separately are not mandatory.
- Result Notification: Exam results emailed and posted online about six weeks after testing.
- Updates in Standards: GAAP/IFRS changes reflected in the CMA® exam one-year post-effective date.
- Exam Center: Candidates can take the exam at any Prometric Centre for flexibility and convenience.
RE CERTIFICATION:
Continuing Professional Education (CPE): Requirement: 30 CPE credits per year for CMA® certification holders.
Membership Maintenance: Obligation to sustain IMA membership.
Adherence to Ethical Standards: Commitment to uphold IMA’s Statement of Ethical Professional Practice.
For More Information
Curriculum
- 2 Sections
- 12 Lessons
- 100 Hours
- CMA Part 1: Financial Planning, Performance, and Analytics6
- CMA Part 2: Strategic Financial Management6
Requirements
- Educational Requirement: Bachelor’s Degree: A degree from an accredited college or university in any area.
- Experience Requirement: Two (2) Continuous Years: Professional experience specifically in management accounting and/or financial management.
- Completion Timing: The fulfillment of these requirements may occur either before or within seven years of passing the examination.
- Adhere to the IMA Statement of Ethical Professional Practice.
- Maintain an active IMA membership.
Target audiences
- Financial Team Leaders
- Staff Accountant
- Accounts Managers
- Internal Auditor
- Finance Managers
- Financial Analyst
- Senior Accountant
- Any individual, who is directly or indirectly a part of Finance & Accounts