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US CMA | CMA USA curriculum and Other Details about CMA

US CMA | CMA USA curriculum

US CMA | CMA USA curriculum: Brief about CMA- 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 recognised certification offered by The Institute of Management Accountants.

CMA-certified professionals work inside organizations of all sizes, industries, and types, including manufacturing and services, public and private enterprises, not-for-profit organizations, academic institutions, government entities, and multinational corporations. To date, more than 50,000 CMAs have been certified in more than 100 countries. To obtain certification, candidates must pass a rigorous exam, meet an educational requirement, experience requirement, and demonstrate a commitment to continuous learning through Continuing Professional Education (CPE).

US CMA | CMA USA curriculum

CMA Entrance Fee The CMA entrance fee for the certification program must be paid before taking the examinations. Candidates must complete the CMA program within three years from the date of entry into the program. If both exam parts are not successfully completed within three years of entering the certification program, any passed part will expire and the CMA entrance fee will have to be repaid.

The CMA Entrance Fee includes:

1. Access to the CMA Support Package beginning on the date of entry into the CMA program* 2. Performance feedback reports

3. Review of educational and experience credentials

4. Final score report upon completion of the exams

5. Personalized, numbered certificate upon completion of all requirements

6. Employer notification of achievement if desired 7. Maintenance of a listing of all CMAs in good standing on the IMA website for employer verification of status

*Please note, the exam support package is not sufficient to prepare for the CMA exam and should be supplemented with a formal plan of study.

EducationQualification To become a certified CMA, candidates must satisfy one of the following education requirements and submit verification of education to ICMA.

• Bachelor’s Degree from an accredited college or university.

• A partial listing of accredited International and US institutions is available at: http://univ.cc/world.php.

• Degrees that are not accredited must be evaluated by an independent agency. A listing of these agencies can be found at www.aice-eval.org or http://www.naces.org/members.htm.

• If you cannot locate your college or university on the accredited listing, please contact us at ima@imanet.org.

• Verification: All transcripts should be mailed directly from your college or university to the address below. If you cannot submit your transcripts, please mail us a notarised copy.

• Professional Certifications

• A listing of approved certifications can be found here. • Verification: An official letter from approved certifying organization confirming you are a qualified member should be mailed directly from the certifying organization to the address below.

US CMA | CMA USA curriculum

Experience Qualification Candidates for the CMA Certification must complete two continuous years of professional experience in management accounting and/or financial management.

This requirement may be completed prior to or within seven years of passing the examination. Teaching qualifies as related professional experience when it is full-time and at least 60% of the course load taught is accounting or finance above the principles level over a two-year period. Professional experience is expected to be gained in full-time employment. However, continuous part-time positions of 20 hours per week meeting the definition of qualified experience will count toward this requirement at a rate of one year of experience for every two years of part-time employment.

Qualifying experience consists of positions requiring judgments regularly made employing the principles of management accounting and financial management. Such employment includes:

• Preparation of financial statements

• Financial planning & analysis

• Monthly, quarterly, and year end close

• Auditing (external or internal)

• Budget preparation & reporting

• Manage general ledger and balance sheets

• Forecasting

• Company investment decision making

• Costing analysis

• Risk evaluation

Employment requiring the occasional application of management accounting principles such as in computer operations, sales and marketing, manufacturing, engineering, personnel, and general management will not satisfy this requirement. Internships and trainee, clerical, or nontechnical positions do not provide appropriate experience to fulfill this requirement. CMA Examination Candidates for CMA certification must complete all required examination parts.

Part 1: Financial Reporting, Planning, Performance, and Control (4 hours – 100 multiplechoice questions and two 30-minute essay questions)

Part 2: Financial Decision Making (4 hours – 100 multiple-choice questions and two 30-minute essay questions)

US CMA | CMA USA curriculum

Each exam part will consist of 100 multiple choice questions and two 30-minute essay questions. You will have 3 hours to complete the multiple choice section and one hour to complete the essays. The essays will be presented after you have completed the multiple choice section of the exam or after 3 hours, whichever comes first. Once you complete and exit the multiple choice section of the exam, you cannot go back. You must remain in the essay section to complete the exam.

The essay section consists of 8-10 written response or calculation questions based on two scenarios, describing a typical business situation. Note: You must answer at least 50% of the multiple-choice questions correctly to be eligible to take the essay section. You will not receive immediate pass/fail results because the essay questions will be graded offline.

This is a time consuming and labor intensive process. In order to assure consistency, accuracy, and fairness all papers are graded at the same time. Sample grading is performed first to ensure all alternative solutions have been accounted for. Reviewers check the grading throughout the grading process. Once grading is completed there is an additional review of papers on the borderline of passing.

The scores for the multiple choice section will be added to the scores of the essay section for a total weighted score of pass/fail reflected in a scaled score for the entire part. Candidates are not required to “pass” both sections; the total score determines pass/fail status. Exam results will be emailed and posted to your online profile approximately six weeks from the end of the month in which you tested.

US CMA | CMA USA curriculum

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