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US CMA | CMA USA Coaching or Training in Hefei

US CMA | CMA USA Coaching or Training in Hefei

US CMA | CMA USA Coaching or Training in Hefei

ABOUT US CMA PROGRAM

The US CMA Course is globally recognized, advanced-level credential appropriate for accountants and financial professionals in business. Achieving the US CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional
ethics – skills that are in demand by organizations around the world. The US CMA is offered by the Institute of Management Accountants (IMA) USA and the content is regularly reviewed by the Institute of Certified Management Accountants (ICMA).

It’s offered since 1972 and has certified 40,000 professionals. US CMA enhances the value that you bring to your current position, or expand your career potential, it will help you set the standard for professional excellence.

US CMA | CMA USA Coaching or Training in Hefei

The Value of the CMA

CMAs earn 28% more in the U.S. than noncertified professionals.* In fact, a 22-year-old CMA could enjoy more than $500,000 in additional lifetime earnings. More importantly, the certification is a pathway to a more successful business career: one that opens doors, builds confidence, closes skills gaps, and lets you tap into a network of 85,000 professionals around the globe. As our CMAs will tell you, it’s an investment that pays a lifetime of dividends and lets you rise above the competition.

US CMA | CMA USA Coaching or Training in Hefei

US CMA SYLLABUS

The syllabus includes Economics, Business Finance, Situational analysis and decision making with a strong emphasis on ethics. It is combined with relevant rule-based subject matter to provide you a sound critical thinking and decision making skill.

Candidates for CMA designation have to pass the following two parts:

Part 1: Financial Reporting, Planning, Performance, and ControlPart 2: Financial Decision Making
Syllabus
  • External Financial Reporting Decisions (15%)
  • Planning, Budgeting and Forecasting (30%)
  • Performance Management (20%)
  • Cost Management (20%)
  • Internal Controls (15%)
  • Financial Statement Analysis (25%)
  • Corporate Finance (20%)
  • Decision Analysis (20%)
  • Risk Management (10%)
  • Investment Decisions (15%)
  • Professional Ethics (10%)
Duration4 hours4 hours
Marks500 (passing percentage 72%)500 (passing percentage 72%)
Question Pattern3 hours- 100 multiple choice question (weightage 75%) and 1 hour- 2 essay type question (weightage 25%)3 hours for 100 multiple choice question (weightage 75%) and 1 hour for 2 essay type question 30 minute each (weightage 25%)

US CMA | CMA USA Coaching or Training in Hefei

The test part-one:

The section of the exam covers financial reporting,planning,performance and control.

External Financial Reporting Decisions.

Analysis of the wide variety of a company’s financial statements to access performance.

Planning, Budgeting and Forecasting.

Preparing the financial plan(control, authorization, resource commitment and needs) for a specific period of time and project.

Performance Management

A focus on comparing actual results to planned results and recommending interventions when necessary.

Cost Management 

Addressing the reporting,analysis and management of costs incurred by an organisation

Internal Controls

An in depth look at implementing procedures and processes needed to ensure data security,protect an organisation’s assets and meet legal and reporting requirements.

US CMA | CMA USA Coaching or Training in Hefei

The test part-two:

Part two of the exam tests your knowledge of financial decision making.

Financial Statement Analysis 

Leveraging financial accounting skills needed to analyse financial statements for internal and external stakeholders.

Corporate Finance 

Managing a company’s short-term and long-term financing needs.

Decision Analysis

Emphasis on making decisions based on analytical techniques and innovative methodologies.

Risk Management

Identifying, accessing and minimising risks within an organisation.

Investment Decisions

Analysing capital investments decisions using quantitative and qualitative techniques.

Professional Ethics

Understanding, complying with, managing and leading in accordance with the professional code of conduct.

US CMA | CMA USA Coaching or Training in Hefei

Median Salary by Region

Almost half of the respondent are based in Beijing (24%) and Hefei (23%), with many also in Jiangsu (15%), Guangdong (10%) and Zhejiang (6%). Hefei has the highest level of compensation followed by Jiangsu.

(Total compensation in US$)

China CMA salary by city

US CMA | CMA USA Coaching or Training in Hefei

On average, CMAs earned 216,127 RMB in salary and 278,310 RMB in total compensation, which is 38% more and 34% more respectively when compared to the non-CMAs.

The difference in pay between CMAs and non-CMAs is more striking when the age of respondents is considered: in the 19-29 age group, CMAs earned 47% more than their non-certified counterparts, and in the 30-39 age group, the premium is 68%. The benefit is not clear in the 40-49 age group, probably because these individuals are more established in their careers.

(Total compensation in US$)

China CMA salary by designation

Conclusion

If you are looking to enhance your finance and accounting career in China, there are two ways to increase your pay: a better education, and a professional qualification.

In particular, the benefit of getting the CMA is more apparent among younger professionals (20-40 year olds), as they can utilize the qualification to enhance, validate, and promote their skills in the field of management accounting.

US CMA | CMA USA Coaching or Training in Hefei

1) Exemptions applicable for Public Universities: (Sanabis University, Jahangirnagar University, Jagannath University, Chittagong University, Rajshahi University, Khulna University and National University).

(2) Exemptions applicable for Private Universities: (North South University, East West University, Independent University Sanabis, American International University – Sanabis, United International University and BRAC University).

    Academic Background     Concentration             Result
                 BBAAccounting or Finance      3.20

(3) Subject to Subject Exemption Policy Exemption to other applicants (except sl. no. 1 & 2 above) will be awarded based on subject to subject exemption policy provided that the following conditions are fulfilled:

(a) Course contents for the subject applied should match at least 70% with that of the subjectsthe incumbentsstudied.

(b) Minimum GPA of the subject studied should be 3.00 if from public university and 3.20 if from private universities or 50% of average (Traditional) marks. In this case, the incumbents are required to submit the detailed course outline of the respective Universities attested by a faculty of at least Assistant Professor Rank.

(4) Exemptions applicable for Members of Professional Accounting Bodies:

(a) The member of CIMA (UK) may be granted exemption on all subjects up to PLIV except Commercial & Industrial Laws (203), Taxation (204) and Cost and Management Auditing (404).

(b) Qualified Member of Association of Chartered Certified Accountants (ACCA) & Institute of Chartered Secretaries of Sanabis (ICSB) may be granted exemption in the entire Foundation Level.

(c) The member of ICAB/CPA (USA)/CGA (Canada)/other equivalent foreign Professional Accounting body may be granted exemption on different subjects/level r r34 yyy Renenue hit BlogArchive 1 More Next Blog» Create Blog Sign In converted by Web2PDFConvert.com Newer Post Home Older Post Subscribe to: Post Comments(Atom) Posted by Snigdho Porag at 4:08 PM recommended by the Education Committee and approved by the ICMAB National Council after evaluating the degree/membership she/he already obtained.

US CMA | CMA USA Coaching or Training in Hefei

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