Certified Management Accountant (USA)
What is Certified Management Accountant (CMA)?
The Certified Management Accountant (CMA) certification program is offered by the IMA (Institute of Management Accountants).
The CMA Certification is a globally recognized, advanced-level credential appropriate for accountants and finance. The skills, knowledge, and confidence you will gain by earning the CMA will set you apart from non-certified peers.
The Certified Management Accountant (CMA) is shortly refferd as CMA US / CMA USA.
What is the Role of Certified Management Accountant (CMA USA)?
- Financial Analyst
- Cost Accountant
- Business Analyst
- Corporate Accountant
- Internal Auditor
- VP - Finance
- Chief Financial Officer (CFO)
How many Levels are there in Certified Management Accountant (CMA USA) Course?
There are no levels in CMA US. Only thing is you have to complete two parts which is name as Part - 1 and Part - 2.
What is the eligibility criteria to study Certified Management Accountant (CMA USA) Course?
These are the four eligibility to get the Certified Management Accountant (CMA USA) Course certification.
- Active membership in IMA (Institute of Management Accountants). No one is allowed to appear in CMA examination without becoming member of IMA. There are multiple membership options are available.
- A bachelor’s degree from an accredited college / university or a related professional certification. This option is available to those individuals who do not have bachelor’s degree but they have professional certifications from other bodies. Eg: ACCA qualified individuals.
- You have to pass two CMA examinationsPart1 and Part 2.This is the most important CMA eligibility criteria. In fact, this is the only criteria which you should be focusing on.
- Two continuous years of professional experience in management accounting and/or financial management. Experience requirement can be completed either before or after passing of CMA exams within seven years.
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What are the subjects and their syllabus in Certified Management Accountant (CMA USA) Course?
Each part is divided into two sections, length of exam is 4 hrs. which is divided into two portions. Online mode of exam. Examination offered at Prometric Testing Centers.
100 MCQs to be solved with in 3 hours Question having four options with one option being correct.
2 Essay Questions to be solved within 1 hour Scenario based questions with no choices.Each essay question can be sub-divided into sections.
If you do not get at least 50% of the multiple-choice questions correct, you will not move on to the essay section.
The raw score is converted to a uniform scoring system of 0 – 500, and 360 being the passing mark. To put in simple words the Pass mark for Certified Management Accountant (CMA USA) Course in each part is 360 out of 500.
When the exams are conducted for Certified Management Accountant (CMA USA) Course?
CMA US Certification exams are offered three times in a year during following months (called exam windows):
- 1st exam window opens on 1st January and closes on 28th February
- 2nd exam window opens on 1st May and closes on 30th June
- 3rd exam window opens on 1st- September and closes on 31st October
What is the exam pattern for Certified Management Accountant (CMA USA) Course?
The CMA USA Certification comprises of a single level of examination which is divided into two parts. Candidates can attempt any part in any order as per their convenience.
PART – 1
Financial Planning, Performance, and Analytics
- 15% – External Financial Reporting Decisions
- 20% – Planning, Budgeting, and Forecasting
- 20% – Performance Management
- 15% – Cost Management
- 15% – Internal Controls
- 15% – Technology and Analytics
PART – 2
Strategic Financial Management
- 20% – Financial Statement Analysis
- 20% – Corporate Finance
- 25% – Decision Analysis
- 10% – Risk Management
- 10% – Investment Decisions
- 15% – Professional Ethics
What is the Registration Fees for Certified Management Accountant (CMA USA) Course?
The Fees mentioned below is the registration fees, not coaching fees. The registration fees has to be paid to "Institute of Management Accountants" (IMA).
IMA accepts payments through Visa, MasterCard, Maestro and American Express credit/debit Cards or by PayPal.
CMA Entrance Fee
Exam Fee Part 1
Exam Fee Part 2
Net fees for Student Members is INR 60419.09 and Net fees for professional Members is INR 94293.63
Exchange rate used: US $1 = INR 71.17
Certified Management Accountant (CMA USA) Course Registration Date?
The registration for Certified Management Accountant CMA US is opened all over the year. You can register for CMA US at any time in www.imanet.org.
This is the identification for the first/lowest/starting level of the CA (Chartered Accountancy) course conducted by the ICAI. This is the entry-level course for any student intending to take up the chartered accountancy course whether it be after 10th, 10+2 (intermediate), graduation or post-graduation.Read More
The CA Intermediate is the second stage of being a CA. This is also conducted by the ICAI. One can be eligible for CA Inter only after he/she gets through the CA Foundation or Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) of the total marks or its equivalent grade in the examination conducted by any recognised University.Read More
The third level of the CA (Chartered Accountancy) course conducted by the ICAI is identified as Final. This is the third level course for any student intending to take up the chartered accountancy course after CA Intermediate.Read More
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CMA USA FEES
- CMA Part 1 - Rs. 35,000
- CMA Part 2 - Rs. 35,000
- CMA Both Part - Rs. 60,000
- Current Offer - Rs. 50,000
*Exclusive of GST
Current Offer valid till Jan 31, 2020
Frequently Asked Questions / FAQ
What is IMA?
IMA® (Institute of Management Accountants) is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. IMA offers its members exclusive access to the CMA program. We are committed to helping you – and our network of more than 85,000 members – to expand your professional skills, better manage your organization, and enhance your career.
How do I register for CMA USA exam?
To register for your CMA USA exam, all you need to do is follow these six simple steps:
Join the IMA.
Pay the entrance fee
Register and pay exam fee
Schedule your exam
Take the exam
Do I have to take Part 1 and 2 in this order, and do I have to take them together?
No, you can take parts 1 and 2 in any request. You have the choice of taking both together around the same time, although numerous individuals decide to isolate their testing dates.
Can I retake the CMA US exam?
An exam part may be taken only once in a testing window. You can sit for as many testing windows as you need in your three-year period.
Do I need an accounting background to enroll in the CMA US program?
Accounting background would be helpful but not required.
When do I receive the CMA US exams results?
CMA US exam results are sent via e-mail from Prometric to all candidates who take an exam part. The performance reports are mailed approximately 14 days after exam results are posted to the candidate’s profile.
Candidates who do not pass the exam will receive a report that indicates their performance on each of the key topic areas in the multiple-choice section as well as their overall performance on the essay section of the exam
When can I take the CMA US exam?
CA courses can be done either through Foundation Entry Route or Direct Entry Route.
What if I don’t complete the exam in three years?
You will lose any previous passed scores and will need to register for the exam again.
Can I reschedule a CMA USA testing appointment?
Yes. If you are unable to keep a scheduled exam appointment at Prometric, you must cancel at least 72 hours prior to your appointment date.
What is the passing score for the CMA USA exam?
The minimum passing score is 360 for both parts of the exam. The exam score range is 0-500.
Is there any CMA US exam registratoin deadline?
To guarantee your favored decision of date, time and area, it's better timetable your arrangement in any event fourteen days ahead of time of the testing window you intend to sit for.
If I’m already an MBA, CPA, or have another professional certification, should I still get a CMA US Certification?
Yes. The CMA certification complements other credentials or degrees and tests for analytical and critical-thinking skills not covered in other exams. About one in three active CMAs in the U.S. are also CPAs.
What is CMA US official fees payable to IMA?
Following three types of fees are required to be paid to IMA .
Certification and Membership Fee: $475 (Payable annually)
CMA Entrance Fee (nonrefundable) – $250 (One time payable at the time of registration with IMA
Exam Fee: $415 per exam (Payable before registering for exam)
How can I check for my CMA US exam results/certification status?
On the IMA website, click “My Profile” and then “My Certifications.”
How many Subjects are there in CMA US Course?
There are two parts
Part 1 - Financial Planning, Performance, and Analytics
Part 2 - Strategic Financial Management
Which study material do we use for CMA US?
You can use any study material which is related to CMA US but IMA official study material partner is Wiley.
Where can I find more information about the CMA US?
Call : +91 8939 488 188 , +91 8939 488 288
Visit our campuses in Chennai
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