The Institute of Management Accountants (IMA), a respected U.S.-based management accounting group founded in 1919, offers a worldwide recognized credential called CMA USA, which stands for Certified Management Accountant. This qualification is used as a standard for financial professionals and management accountants all around the world. CMA USA verifies expertise in financial planning, analysis, control, and professional ethics, making it an important qualification for those seeking strategic roles in finance and accounting.
Course Structure:
CMA USA is divided into two parts:
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
There are 100 objective questions and two essay questions in each section. The CMA USA exam is administered three times a year, from January to February, May to June, and September to October, with an international pass rate of 50% and around 400 CMAs awarded each year.
Eligibility Criteria:
Candidates must have finished a three-year bachelor's degree (e.g., B. Com, BBA) within seven years after passing the CMA USA course in order to sit for the CMA USA exam.
Course Duration:
Completing all of the exams and training sessions for the CMA USA course takes about 1 to 1.5 years on average.
Course Fee: For students:
IMA Membership Fee (for students = 3 years): $117
CMA Certification Entrance Fee: $188
CMA Exam fees (Part 1 & Part 2): $622 Total IMA fees: $927 (Approximately Rs 70,000)
For professionals:
IMA Membership Fee (for professionals = 1 year): $245
CMA Certification Entrance Fee: $250
CMA Exam fees (Part 1 & Part 2): $830 Total IMA fees: $1325 (Approximately Rs 100,000)
(Please note: These fees are paid to IMA and do not include coaching fees.)
Passing Criteria and Exam Pattern:
Each section of the CMA USA exam has a passing score of 360 out of 500. There are 75% objective questions and 25% essay questions on the exam. Multiple-choice questions (MCQs) and computer-based examinations (CBEs) are used in all papers. Exams are available during three testing windows: January-February, May-June, and September-October (6 months per year).
Who Should Pursue CMA USA:
CMA USA is appropriate for people who are mentally robust, can handle pressure, and are intellectually adept. It provides a road to a highly valued profession with decent compensation and employment security. Reasons to Pursue CMA USA:
Earn a competitive salary
Job security
Acquire knowledge in cost, finance, and management accounting
Highly respected profession
Scope of CMA USA:
The CMA USA program prepares students for professions in management accounting, cost accounting, and financial management.
Batches, Schedule, and Fee Structure:
For detailed information about CMA USA coaching classes, including batches, schedule, and fee structure, please contact 8073702708
CMA USA Application Process
Getting started on your CMA USA journey involves several steps:
Ensure eligibility.
Choose the right study material. theCMAguy offers expert guidance and study materials.
Register with IMA.
Pay the CMA exam registration fee.
Receive an authorization number from IMA.
Schedule your exam date and time.
Prepare diligently for the exam.
CMA USA Job Roles & Responsibilities
After earning your CMA USA certification with theCMAguy, you can pursue various rewarding careers, including:
Chief Executive Officer
Budget Analyst Internal Auditor
Business Controller
Chief Financial Officer
Staff Accountant
Finance Manager
Financial Analyst
Senior Accountant
Vice President Finance
Cost Analyst
Treasurer
Finally, theCMAguy is your beacon of hope for achieving CMA USA certification and a successful career in management accounting. Because of our coaching, study tools, and dedication to your success, you may embark on your road with confidence. Join theCMAguy today and start your path to a brighter career in finance and accounting.