Certified Management Accountant (CMA) is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics.
The CMA is a U.S.-based, globally recognized certification offered by the Institute of Management Accountants.
CMA-certified professionals work inside organizations of all sizes, industries, and types, including manufacturing and services, public and private enterprises, not-for-profit organizations, academic institutions, Government entities (USA), and multinational corporations worldwide.
To date, there are more than 40,000 active CMAs with more than 80,000 candidates in the current pipeline.
The Certified Management Accountant (CMA) qualification equips you with in-depth mastery of financial & business skills that put you in demand with employers in the global market. The CMA qualification;
1. Delivers critical skills that businesses need 2. Improves on professional competencies 3. Addresses challenges of identifying top talent 4. Bridges the gap between academia and industry
Certification Requirements In order to earn your CMA certification you must pass the CMA exams, fulfill 2 years of professional experience and sign up for an IMA membership.
The Certified Management Accountant (CMA) exam is comprised of two parts which candidates can take during the allotted testing windows. There are three exam windows each year and it’s up to the CMA candidates discretion when they sit for the exam.
What do you learn ? The CMA teaches you how to: 1. Leverage financial data for strategic decision-making 2. Budget and forecast for the long-term 3. Manage working capital & analyze financing alternatives 4. Evaluate capital investments and value acquisitions 5. Appraise company performance in detail Identify and minimize risks
Comprehensive yet easy-to-understand lecture videos provide complete coverage of the exam syllabus.
Practice Question Videos
Videos for exam questions from practice kit and previous exam questions. Explanations are included for all answer.
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Online Quizzes & Mocks
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There is no specific minimum education required. University students can also join CMA and complete it along with their academic degree. That's the reason there is a separate membership tier for academic members also.
There are 3 types of costs involved: 1. IMA membership fees which is renewable every year. ($280) 2. CMA entrance fees which is valid for 3 years i.e. you have 3 years to complete both exams. ($280) 3. Exam fees ($460 per exam)
The last is the tuition fee to prepare for your exams. This totally depends on where you get tuition. You may also think of preparing yourself and avoid the tuition cost at all.
Exams are held 3 times during the year. Jan/Feb, May/Jun, Sep/Oct. Effectively you have 9 attempts during the 3 years to pass both exams. Exams are conducted in Prometric Testing Centers which are located all over the world.
Once you register for exam you get an authorization number which you can use on Prometric website to schedule your exam as per your preference during the 3 exam windows explained above.