CMA - Certified Management Accountant
IMA Overview
The Institute of Management Accountants is dedicated to excellence within the management accounting profession. The Certified Management Accountant (CMA) designation was developed in 1972 to provide an objective measure of an individual’s knowledge and competence in the field of management accounting. Only the CMA program recognizes the unique proficiency required for success in this challenging profession.
About CMA
The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance. The CMA is tailor-made for accounting and finance professionals at all levels, whether you want to enhance your value to your current organization or expand your career potential. Earning the CMA will make you part of a network of over 30,000 credentialed peers worldwide. The CMA program has been designed to meet the evolving needs of business – today and tomorrow. We look forward to helping you achieve excellence as a professional. Certification will confirm your proficiency in your chosen field and your dedication to personal and professional growth.
Becoming a CMA
Having CMA certification shows not only a high level of competence in management accounting, but also a Strong commitment to continuous improvement and high ethical standards. Many leading international companies consider the CMA certification as the ultimate mark of excellence. The CMA certification leads to faster career advancement. Salary surveys have shown that a certified professional will earn nearly $500,000 more than a non-certified professional over the course of a career.
Further Details
Why Choose CMA
- No other accounting or finance credential lends itself more directly to today's complex and changing business environment.
- You will confirm substantial knowledge of accounting, finance and important related fields and demonstrate the ability to integrate this information into the business decision process.
- You will distinguish yourself as a business professional that is committed to a strict code of ethics.
- You will demonstrate your commitment to personal professional development and lifelong learning.
Businesses around the world rely on CMAs for accounting, finance and information management and most importantly, for the strategic planning and business solutions provided by these qualified Professionals. Companies such as 3M, Boeing, DaimlerChrysler, DuPont, Hewlett-Packard, IBM, Johnson & Johnson, Milliken, Caterpillar and Procter & Gamble.
What Does it Take to Become a CMA?
Education
- Bachelor’s Degree from an accredited college or university.
- Or hold a professional certification. For a list of approved certifications, contact our team.
- If there is no bachelor’s degree, professional certification or experience, you can sit for the exams and fulfill educational and experience requirements within 7 years of passing.
Experience
- Requires two years of experience in management accounting and/or financial management.
- This requirement may be completed prior to or within 7 years of passing the exam
- Or continuous part-time positions of 20 hours per week*
Exam
- Pass the two-part exam administered by the Institute of Management Accountants (IMA)
The CMA Exam
Part I: Financial Planning, Performance, and Analytics
Duration: 4 hours
Format: 100 multiple choice questions and two 30-minute essay questions
15% Cost Management
15% Internal Controls
15% Technology and Analytics
15% External Financial Reporting Decisions 20% Planning, Budgeting, and Forecasting 20% Performance Management
Part II: Strategic Financial Management
Duration: 4 hours
Format: 100 multiple choice questions and two 30-minute essay questions
10% Risk Management
10% Investment Decisions
15% Professional Ethics
20% Financial Statement Analysis 20% Corporate Finance
25% Decision Analysis
Exam passing score:
To pass, you’ll need a minimum score of 360 (on a scale of 0-500).
Where can I take the exam?
You will need to schedule your exams to fall within one of the three testing windows each year. These take place in:
January-Feb | May-June | September-October
Examination Fees
Professional Member Fees
- Certification Entrance Fee – $250 (Non Refundable)
- Exam Fee (Per Part) – $415
Student/ Academic Member Fees
- Certification Entrance Fee – $188 (Non Refundable)
- Exam Fee (Per Part) – $311
*IMA membership is additional and also required.
** Course Fee additional. Contact us for attractive offers.
