IMA’s CMA® (Certified Management Accountant)certification is a professional credential that can be earned in the advanced management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics, the skills most in demand on finance teams around the world. The CMA is a U.S.-based, globally recognized certification offered by The Institute of Management Accountants
Financial management is a crucial aspect of any thriving business. Profit maximization, or stockholder wealth maximization, are two real concerns for any organization – and they depend on solid financial decisions. To make good decisions, management needs good information. And that information comes from the accounting system. From the accounting system come’s the financial statements. These statements contain important information about the organization’s operating results.
Pre-Requisites of the Certification
3 years B.Com/BBA with the following courses: (Undergraduation can also join and write the exams)
- Auditing
- Taxation
- Cost/Management Accounting
- Financial Accounting
Professional Recoginition
The CMA designation represents a broad business competency and mastery of the management-level skills required to add value, drive business performance, and build quality financial practices within organizations. The program objectively tests and validates expertise in areas essential to analyzing, managing and evaluating business solutions that contribute to the success of an organization. The CMA credential indicates a commitment to excellence based on a strong, ethical foundation and dedication to lifelong learning.
The CMA exam consists of two papers:
Part 1 : Financial Planning, Performance, and Analytics
Part 2 : Strategic Financial Management
Note: You may write these exams in either order
Minimum Passing Mark for CMA Exam
Passing Criteria for CMA Certification in each subject is 72%.
Financial Planning, Performance, and Analytics : Duration of the Exam: 4 Hours
Syllabus: | |
Weightage | |
External financial reporting decisions | 15% |
Planning, Budgeting and Forecasting | 20% |
Performance management | 20% |
Cost management | 15% |
Internal controls | 15% |
Technology and Analytics | 15% |
Multiple Choice Questions | |
Duration | 3 Hours Exam |
Number of Questions | 100 |
Weightage | 75% |
Essay type Questions | |
Duration | 1 Hour Exam |
Number of Questions | 12-14 |
Weightage | 25% |
Syllabus: | Weightage |
Financial statement analysis | 20% |
Corporate finance | 20% |
Decision analysis | 25% |
Risk management | 10% |
Investment decisions | 10% |
Professional ethics | 15% |
Multiple Choice Questions | |
Duration | 3 Hours Exam |
Number of Questions | 100 |
Weightage | 75% |
Essay type Questions | |
Duration | 1 Hour Exam |
Number of Questions | 12-14 |
Weightage | 25% |
For more details : https://imanet.org