The Certified Management Accountant (CMA) designation is a highly respected credential awarded by the Institute of Management Accountants (IMA) which is a US-based worldwide association for accountants and financial professionals working in the business.
Many challenging opportunities arise in the roles of Cost Accountant, Chief Financial Officer, Cost Manager, Relationship ManagerFinance Manager, Financial Analyst, Financial Risk Manager, Financial Controller.
To obtain the CMA certificate, CMA candidates need to fulfill the following criteria:
Examination – Clear Part 1 & Part 2 of the CMA exams.
Education – Bachelor’s degree.
Note: The education requirement may be completed prior to or within 7 years of passing the examination. This implies that students who are pursuing their bachelors are eligible to take the CMA exams.
Experience – Two years of professional experience in accounting or finance.
Note: The experience requirement may be completed prior to or within 7 years of passing the examination.
Part 1: Financial Planning, Performance, and Analytics
A- 15% External Financial Reporting Decisions
B- 20% Planning, Budgeting, and Forecasting
C- 20% Performance Management
D- 15% Cost Management
E- 15% Internal Controls
F- 15% Technology and Analytics
Part 2: Strategic Financial Management
A- 20% Financial Statement Analysis
B- 20% Corporate Finance
C- 25% Decision Analysis
D- 10% Risk Management
E- 10% Investment Decisions
F- 15% Professional Ethics
The time occupied for this course is 6 months to 9 months on an average. registration and coaching are going to cost an individual from Rs 1.2 lac to 1.5 Lac and depends on the exchange rate with the USA.
There are institutions across INDIA involved in providing coaching for these set of exam, not in great number but gradually increasing. the number of institutes operating is to be told very efficiently in their teaching and training experiences.
Accounting Minds, No 131, Opp. Hanuman Temple, Marthahalli Bridge, Ashwathnagar, Bengaluru, Karnataka 560037
contact@accountingminds.in
+91 9900085070, +919902554075
Accounting Minds, 3rd Floor; 46-15-44 Mandavaripeta, Visakhapatnam, Andhra Pradesh 530016
contact@accountingminds.in
+91 9900085070, +919902554075