Certified Management Accountant is a professional credential in the management accounting and financial management fields. Certified Management Accounting will be a great career move in the field of management accounting. Here is everything that you want to know before getting into it.
CMA Course duration
Depending on the candidate’s dedication and focus, it takes a minimum of 6 months to complete the CMA course. IMA provides a duration of a maximum of 3 years, from the date of registration to complete the CMA course.
CMA Exams: The CMA exams have two parts, and the candidates have to pass both the parts within three years of registering for CMA.
Syllabus for CMA Exam Part 1:
· External financial reporting decisions.
· Planning, Budgeting and forecasting.
· Performance management.
· Cost management.
· Internal controls.
Syllabus for CMA Exam Part 2:
· Financial statement analysis.
· Corporate finance.
· Decision analysis.
· Risk management.
· Investment decisions.
· Professional ethics.
The exams are conducted thrice a year i.e. January and February, May and June, September and October.
Obtaining the CMA certification opens a lot of opportunities for you in the domestic as well as the global market. It will help you enhance your financial, accounting, and management skills that will expand your career potential and which will help you to stand out from the rest.
Some of the job roles that you expect after completing CMA are:
· Financial Manager.
· Financial Analyst.
· Financial risk manager.
· Financial controller.
· Cost accountant.
· Cost manager.
· Chief financial officer.
To earn the CMA you’ll need to meet the following requirements:
· Hold an active IMA membership.
· Complete and pass parts 1 and 2 of the CMA exam.
· Hold a bachelor’s degree from an accredited college/university or a related professional certification.
· Abide by IMA’s Statement of Ethical professional practice.
· Have two continuous years of professional experience in management accounting or financial management.
These are the basic requirements you need to earn for the CMA certification. Hope the information provided in this content helps you in your pathway towards the CMA certification and hope your doubts regarding the CMA exams are solved. If you have already made the decision of going for CMA and are looking for a training institute then there are number of liable institutes that you can search out and start your preparations online and offline that will help you to clear your exams easily.