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Certified Management Accountant (CMA) USA

CMA (USA) Overview

The Certified Management Accountant (CMA) course is a globally recognized professional certification offered by the Institute of Management Accountants (IMA), USA. It is designed to equip individuals with expertise in financial management, cost management, and strategic decision-making.

Eligibility:

  • Education: A Bachelor's degree from an accredited university or equivalent.
  • Experience: 2 years of professional experience in management accounting or financial management.
  • Membership: Active membership with IMA is required.

Examination Structure: The CMA exam is divided into two parts, each focusing on different areas of management accounting. Both parts must be passed within three years of registration.

Part 1: Financial Planning, Performance, and Analytics

Part 1 of the CMA exam focuses on Financial Planning, Performance, and Analytics. It covers the following areas:

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

Part 2: Strategic Financial Management

Part 2 of the CMA exam focuses on Strategic Financial Management. It covers the following areas:

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