where and when to take CMA USA exam

where and when to take CMA USA exam:-

US CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – making you the preferred choice of the potential employers. CMA certification is widely accepted in India and in the job markets of US, Canada, Europe, Middle East and China.

where and when to take CMA USA exam

About US CMA Course:-

The US CMA® Course is globally recognised, 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 organisations 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.

where and when to take CMA USA exam

CMA exam requirements are straightforward and easy to fulfill when compared to other accounting qualifications.

This post covers the first requirement on education. The next post in this series covers that on experience.

where and when to take CMA USA exam

IMA accepts bachelor degree that runs a minimum of 3 years. If you graduated from a 2-year program, please check with IMA directly and see if there are exemptions. I understand that 2-year programs are prevalent in some parts of the world.

where and when to take CMA USA exam

Holder of other professional qualifications

The latest version of the CMA handbook includes a list of approved certifications that can either waive the bachelor degree, or be counted as partial credits. Major ones include:

• CFA
• CIA
• CA (UK, India and Pakistan)
• CIMA
• CPA (Canada)

where and when to take CMA USA exam

If you are serious about taking the CMA exam, you may write to IMA for a possible exemption. IMA states that exemptions may be considered in their CMA Handbook.

You may want to explain the reason of not getting a bachelor degree (e.g. it is not common in your home country) and how your experience, local certifications or other credentials can be seen as equivalent to that.

where and when to take CMA USA exam

CMA Exam Requirements on Experience

You don’t need to fulfill the experience requirements in order to sit for the exam. However, this is necessary for the certification.

To ensure that you can complete all requirements and hold yourself out as a Certified Management Accountant, We encourage that you check out the experience requirements sooner rather than later.

where and when to take CMA USA exam

Becoming a Certified Management Accountant requires time and effort — but the opportunities for career advancement are worth it. If you’re ready to earn your CMA, this step-by-step guide should get you started on your way. 

First, You Must Meet These Requirements 

• Maintain membership in the IMA. If you aren’t a member.
• Hold a bachelor’s degree from an accredited college or university (or an equivalent degree as determined by an independent evaluation agency). If you do not have a bachelor’s degree, you can petition the Board of Regents for an exception if you have substantial and relevant professional achievements. Please refer to the Education Qualification Section of the CMA Handbook.
• At least two continuous years of professional experience in management accounting or financial management. Please refer to the Experience Qualification section of the CMA Handbook.
• Entrance into the CMA program.
• Complete and pass Parts 1 and 2 of the CMA exam.
• Abide by The IMA’s Statement of Ethical Professional Practice.

where and when to take CMA USA exam

Don’t meet the educational or professional experience requirements and want to get certified? There is an option for every situation. The IMA offers a seven-year grace period for candidates in this situation. You can sit for the exam and then finish your bachelor degree or two years of professional experience within the next seven years from the date of the exam. Once you do, you’ll automatically become an active CMA

where and when to take CMA USA exam

Taking The CMA Exam

The CMA exam is broken into two parts, which are both computer-based and administered in hundreds of testing facilities worldwide. With three two-month testing windows each year, you can sit for an exam part at a time and place convenient for you.

Examination windows:

Exams are offered only during these two-month periods:

1. January and February
2. May and June
3. September and October

where and when to take CMA USA exam

Follow these easy steps to fulfill the examination requirement for your CMA certification:

Step 1: Join IMA here.

Step 2: Pay the CMA Entrance Fee here.

Step 3: Register for the exam here.

Step 4: Receive confirmation of your registration, which provides your authorization number(s), testing window(s), and the Instructions for Candidates.

Finally, show up for your scheduled exam appointment(s) with the required identification documents.

TIP: Be sure to schedule your appointment as soon as possible. Your authorization number is only valid for the testing window you selected. You can’t postpone your exams.

where and when to take CMA USA exam

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where and when to take CMA USA exam

EXAM DATE & FEE DETAILS

Exam dates: The part 1 and 2 are offered during the following three testing windows.

• January/February
• May/June
• September/October

Certification Entrance Fee includes Six months access to the US CMA Exam Support package which includes the US CMA Assessment Tool and printable practice questions

* To qualify for the Student membership, individuals must be enrolled in at least six (6) undergraduate or graduate credit hours, or the equivalent, per semester. Student membership can be held for a maximum of six (6) years.

where and when to take CMA USA exam

JOBS PROSPECTS AFTER COMPLETING US CMA PROGRAM

Designations vary from

1. Cost managers
2. Relationship managers
3. Finance managers
4. Analysts
5. Directors/Senior Director
6. HOD
7. Professors
8. Vice President