US CMA Course Duration

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.

What is the CMA USA Course Duration?

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.

What is the syllabus and eligibility for US CMA?

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.

CMA USA Syllabus

Part One:

External Financial Reporting Decisions (15%)
Planning, Budgeting and Forecasting (20%)
Performance Management (20%)
Cost Management (15%)
Internal Controls (15%)
Technology and Analytics (15%)

Part two:

Financial Statement Analysis (20%)
Corporate Finance (20%)
Decision Analysis (25%)
Investment Decisions (10%)
Professional Ethics (15%)
Risk Management (10%)

CMA US Eligibility

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.

Registering for CMA

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:

Visit the IMA website and sign up as a member.
Pay for your membership.
Register for the CMA exam through the IMA's online website.
Make sure you have your card data ready when you begin the procedure.
After you register, you must obtain permission for the CMA exam.
Schedule a test appointment through Prometric (otherwise you may lose the registration fees).

Benefits of CMA

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:

Expert knowledge: Professionals learn about strategic decision-making, compliance, costing, accounting, and taxation.
High salary potential.
Industry needs: The CMA course develops applicants' employability abilities through both practical and technical components, thereby contributing to meeting industry skill requirements.
Practical training ensures that applicants can earn while studying.

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.

Frequently Asked Questions (FAQs)

Is the US CMA difficult to pass?

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.

What are the advantages of US CMA?

US CMA is a short-term accounting program that can be completed in 6-9 months. However, it teaches pupils worldwide strategic management skills.

What is the US CMA eligibility for Indian students?

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.

What is the role of CMA?

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.