CMA – Certified Management Accountant

The CMA – Certified Management Accountant designation is an international high level professional certificate in accounting and financial management which is offered by the IMA- Institute of Management Accountants in the USA. It is designed to measure the accounting and financial management skills that drive business performance. The CMA designation testifies that its holders have the essential skills in accounting, financial planning, analysis, and control area as well as decision making support. It is one of the essential credential for accountants and financial professional around the globe.

The CMA Designation is
  • Focused – on the critical skills you use in business
  • Respected – Leading employers seek to hire and promote CMA’s.
  • Valued – CMA’s earn higher salary than non-certified professionals.
  • Convenient – CMA exams are offered worldwide in hundreds of countries.

The CMA designation is tailor made for finance professionals at all levels, whether you want to enhance your value to your present organization or expand your career potential.

CMA Exam Format:

The CMA exam is designed specifically to validate mastery of the advanced skills require to manage finance functions within an organization, enabling you to deliver value in today’s complex business environment. The CMA exam is administered electronically in hundreds of testing facilities worldwide. With three exam windows each year, you can schedule exams at a time and place convenient for you.

There are two parts of the CMA exam, consisting of four hours each, which can be taken in any order. The exam is structured as below

 Financial Planning, Performance
Financial Decision Making
 and Control
· Financial statement analysis
· Planning, budgeting, and forecasting
· Corporate finance
· Performance measurement
· Decision analysis and risk management
· Cost management
· Investment decisions
· Internal controls
· Professional ethics
· Professional ethics

By focusing only on advanced accounting and financial management skills, the exam is rigorous yet responsive to the needs of the market place and time constrained professionals.

The CMA is the certification program with the potential to deliver significant return on your investment. Consider the facts:

  •  Professional with the CMA earns nearly $35,000 more in average total annual compensation than the non-certified peers.
  • The total cost of CMA program is approximately $2,500.
Plus the CMA program lets you proceed at your own pace. You can earn a CMA in 12 months or over three years. Busy professionals will find the CMA to be time-efficient and cost-effective.

Opportunities with CMA:

CMA designation can expand your opportunities in your current business or your future career. Leading employers from multinational corporations to private firms, academic institutions, and not-so-profit organizations seek out CMAs to fill positions requiring critical accounting and financial management skills.

Today, CMAs hold key positions in a wide range of companies, including 3M, Alcoa, AT&T, Bank of America, Boeing, Cargill, Caterpillar, HP, P&G and Verizon. There are 30,000 plus certified CMA holders around the world.