26 Sep 2024
CMA or Certified Management Accountants courses are a global standard for management accountants and financial professionals looking to advance their careers. The Institute of Management Accountants (IMA) provides the US CMA course in about 150 countries, and it is the top credential in the field of management and accounting.
CMA US is a globally recognised credential. It demonstrates proficiency and dedication in the field of financial management and management accounting. It can lead to a progressive career and better job opportunities.
The CMA USA course is designed to provide comprehensive knowledge in management accounting, equipping professionals with the skills to excel in financial leadership roles. One key factor to consider before pursuing this certification is understanding the course duration of CMA US and its requirements. The minimum US CMA course duration ranges from 6 - 12 months. This course comprises two exams and depending on your preparation, they can be taken up to three times a year.
The curriculum focuses on essential areas of analysis, financial planning, decision support and analytics, and is intended to assist candidates build competency in cost management, financial reporting, strategic management and internal controls.
The US CMA course consists of two parts: Part 1 covers financial planning, analytics, and performance, and Part 2 covers financial decision-making. Both portions are evaluated using a computer-based exam.
Part One:
Part two:
It is usually a good idea to begin preparing early and become acquainted with the standards and topics presented, as in the case of CMA US. To answer the question, “Can I do CMA after 12th”, although the 12th grade is the most fundamental and required qualification for taking the US CMA exam, it is not the only criterion. You need more than the 12th qualification to obtain the CMA certification.
US CMA eligibility requires that candidates must have a bachelor's degree from an accredited institution and a period of two years of work experience in financial management, or management accounting. You must pass the CMA examination, obtain a Bachelor's degree or comparable education from an approved university, have two years of continuous relevant experience, and other conditions for completing your CMA after 12th.
The CMA is a professional certification that is primarily aimed at those with undergraduate degrees and work experience in management accounting or finance. While there is no set educational requirement for the CMA, most candidates hold a bachelor's degree in accounting, finance, or a related profession.
In the case of non-accredited degrees, an impartial agency such as the NACES or AICE can be appointed to review them. You can still qualify for CMA with a professional certification granted by the ICMA, if you do not have a bachelor's degree. In addition, to achieve CMA certification requirements, you must complete 30 hours of CPE (Continuing Professional Education) credits, including 2 hours in ethics.
Successful completion of the CMA program gives individuals a competitive advantage in the job market, showcasing their experience and dedication to their profession and allowing them to stand out from their colleagues.
To register for the CMA course, below are some steps to guide you through the process. To ensure a smooth process, you can also shortlist your coaching institute and allow them to advise you. You will need to:
US CMA is recognized globally and IMA has been actively building its presence. It has an MOU with ICAI in India and alliances with accounting associations, and other universities.
The IMA also has a strategic alliance with the ACCA, which automatically allows its members to qualify for the CMA exam. Given below are some other benefits of US CMA:
US CMA encourages skill development for entrepreneurs and offers you multiple opportunities to climb towards the highest levels of your career growth. Its distinct advantages make it a good alternative for individuals seeking to advance their careers in management accounting.
The CMA US exam is challenging and has a low pass rate. A global average of 50% for both parts. The exam tests candidates' knowledge in financial planning, analysis, control, and decision-making. It consists of two 4-hour parts. The first focuses on financial statement analysis and the second on decision-making and risk management. With proper preparation, passing the exam is possible.
US CMA is a short-term accounting program that can be completed in 6-9 months. However, it teaches pupils worldwide strategic management skills.
Anyone who has a Bachelor’s degree in any stream from a recognized college or university or is pursuing his / her degree is eligible for the US CMA credential.
A CMA is a professional in charge of an organization's financial and accounting management. A CMA can audit the records of public corporations in addition to offering financial management services such as costing, pricing of goods and services, and taxation. While most accounting professionals serve the general public, CMAs have expertise in business organizations.