What is CMA (USA)?
Offered by Institute of Management Accountants(IMA), CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. It is a US-based worldwide association of accountants and finance professionals in the field of business.
One is required to complete just 400 hours of study in 6- 8 months and clear only two exams named Financial Planning Performance and Control and Financial Decision Making thus making this an efficient and effective choice for those looking to speed up their careers.
CMA Course Eligibility
Any person with the qualification of class 12th or above can join the course. But to get the CMA (USA) membership, fulfilling certain criteria is must which are:
• Membership of IMA
• A Bachelor’s degree from an accredited university
• Two years of relevant experience
• Passed both the parts of CMA Exams
The course is highly recommended for the graduates with work experience but having no professional degree as it is a short term course which can be completed in 6-8 months.
CMA Course Benefits
CMA(USA) is most sought after qualification in the corporate accounting world. As per the studies, the management accounting knowledge and skill is more useful in corporate world. Here are few major benefits of doing CMA(USA) course:
Global recognition: While a college degree is certainly an important step on the way to a successful career, it is most certainly not enough. In the wake of globalisation, employers often prefer global certification , meaning your college degree might not be sufficient. on the other hand, CMA(USA) qualification is recognised globally.
Higher earnings: As per the recent survey, CMA professionals earn 60% more than the peers with no professional qualification.
Flexibility: The course is consist of only 2 parts which can be completed with in 6-8 month. Hence, making it ideal for those who wants to speed up their career in a short time.
Career prospect: CMA professionals are highly preferred in public or corporate accounting, and can fill positions as analysts, planners, auditors, managers, and accountants.
CMA Course Syllabus
CMA USA course consist of 2 parts namely part 1 and part 2
|Part 1: Financial Reporting, Planning, Performance & Control||Part 2: Financial Decision Making|
|• External Financial Reporting and Decisions
• Planning, Budgeting, and Forecasting
• Performance Management
• Cost Management
• Internal Controls
|• Financial Statement Analysis
• Corporate Finance
• Decision Analysis
• Risk Management
• Investment Decisions
• Professional Ethics
CMA Exam Details
Duration: 4 Hours/ paper (3 hours for objective type + 1 hour for essay type)
• For professionals: $800- $850
• For students: $500- $600
Exam pattern: 75% objective 25% essay type
CMA professionals are offered lot of opportunities in India as well as the global market. It will help you develop financial and management skill in you which makes them preferred choice of employers worldwide. CMA professionals are highly preferred in the roles of finance analyst, managers, controller, chief financial officer , financial director etc.
Once a candidate clears both parts along with other eligibility criteria of the course they will be able to claim CMA(USA) membership.
CMA USA Course Training with Saraf Academy
Saraf Academy offers the best quality online live interactive classes with world-class study resources. At the Academy, we provide:
• Best In Class Training Classes
• Video Lectures- Live & Recorded
• E Books
• Mock exams
• Comprehensive Progress Tests
• Exam Tips
• Study Planner
• 360 degree support