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Certified Management Accountant (CMA - USA)

Table of Contents

What is a 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 referred as CMA US / CMA USA.

What is the Role of Certified Management Accountant (CMA USA)?

  • Financial Analyst
  • Cost Accountant
  • Business Analyst
  • Corporate Accountant
  • Treasurer
  • 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.

What are the subjects and their syllabus in 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.

CMA USA 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

CMA USA 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 exam Pattern 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

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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.

Membership
Student
Academic
Professional
IMA Membership
$39
$135
$245
CMA Entrance Fee
$188
$188
$250
Exam Fee Part 1
$311
$311
$415
Exam Fee Part 2
$311
$311
$415
Total
$849
$945
$1,325

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.

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Certified Management Accountant (CMA - USA) - Stride Edutech

Certified Management Accountant (CMA - USA) - FAQ

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

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
Registration acknowledgement
Schedule your exam
Take the exam

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

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

Accounting background would be helpful but not required

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

CA courses can be done either through Foundation Entry Route or Direct Entry Route.

You will lose any previous passed scores and will need to register for the exam again.

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.

The minimum passing score is 360 for both parts of the exam. The exam score range is 0-500

To guarantee your favoured 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

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

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)

On the IMA website, click “My Profile” and then “My Certifications.”

There are two parts
Part 1 - Financial Planning, Performance, and Analytics
Part 2 - Strategic Financial Management

You can use any study material which is related to CMA US but IMA official study material partner is Wiley

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