CMA EXAM

Exam:

Certified Management Accountant Exam

Industry:

Accounting

Country:

Global

Website:

https://asiapac.imanet.org/IMA-Certifications/CMA-Certification

CMA Exam Overview

The Certified Management Accountant (CMA) exam, administered by the Institute of Management Accountants (IMA), is a globally recognized certification for accounting and finance professionals. The exam consists of two parts:

Part 1: Financial Planning, Performance, and Analytics
Part 2: Strategic Financial Management

Exam Format

Each part of the CMA exam is 4 hours long
The exams are 100% computerized
Exams consist of 100 multiple-choice questions and two 30-minute essay questions
Candidates must complete both exam parts within 3 years

Exam Content

Part 1: Financial Planning, Performance, and Analytics	Part 2: Strategic Financial Management
External Financial Reporting Decisions (15%) Planning, Budgeting, and Forecasting (20%) Performance Management (20%) Cost Management (15%) Internal Controls (15%) Technology and Analytics (15%)	Financial Statement Analysis (20%) Corporate Finance (20%) Decision Analysis (25%) Risk Management (10%) Investment Decisions (10%) Professional Ethics (15%)

Eligibility Requirements

To be eligible for the CMA exam, candidates must meet the following requirements:

Hold a bachelor’s degree from an accredited college or university
Have two years of professional experience in management accounting or financial management
Be an active member of the IMA

Exam Registration and Fees

Candidates must register for the CMA exam through the IMA website
Exam fees for IMA members: $415 per part
Exam fees for non-members: $520 per part
Additional fees may apply for rescheduling or cancellations

Who Should Consider the CMA Certification?

The CMA certification is well-suited for:

Accounting and finance professionals seeking to advance their careers in management accounting or financial management
Individuals interested in globally recognized certification that demonstrates expertise in accounting and finance
Professionals who want to enhance their skills in financial planning, performance management, decision analysis, and risk management

Related Certifications and Credentials

Other certifications and credentials related to the CMA include:

Certified Public Accountant (CPA): Focuses on auditing, taxation, and financial reporting
Chartered Financial Analyst (CFA): Emphasizes investment analysis and portfolio management
Certified Internal Auditor (CIA): Concentrates on internal auditing and risk management
Certified Financial Planner (CFP): Deals with personal financial planning and wealth management

Benefits of the CMA Certification

Obtaining the CMA certification offers several advantages:

Career advancement opportunities in management accounting and financial management roles
Increased earning potential compared to non-certified professionals
Demonstration of expertise and commitment to the accounting and finance profession
Access to a global network of CMA-certified professionals and resources through the IMA

Preparing for the CMA Exam

To successfully prepare for the CMA exam, candidates should:

Review the exam content outline provided by the IMA to understand the topics covered
Utilize study materials and review courses specifically designed for the CMA exam
Develop a study plan that allows sufficient time to cover all exam topics and practice with sample questions
Take advantage of resources offered by the IMA, such as study guides, webinars, and exam support

More Info:

https://asiapac.imanet.org/IMA-Certifications/CMA-Certification