Course detailsCMA (Certified Management Accountant) certification is a professional certification credential in the 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 CMA is a , globally recognized 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).
The Certified Management Accountant Exam is a two part exam that must be passed as a prerequisite to earning the CMA designation. . Candidates are given three years from registering to pass both parts of the exam. The exams are given during three testing window periods: January/February, May/June and September/October at Prometric centers.
Prior to 2010, the CMA exam was organized into four parts: Business Analysis, Management Accounting and Reporting, Strategic Management. Since 2010, the exam has been condensed into two four-hour parts, covering largely the same material as the former four part exam with added emphasis on financial planning, analysis, control, and decision support; see aside.
Each exam consists of descriptive questions and two 30-minute essay questions. Candidates are given 3 hours to complete the multiple choice section and one hour to complete the essays. Candidates must show their work for the essay questions in order to receive credit. Parts 1 and 2 of the CMA exam are scored on a scale of 0-500 with a candidate's raw score converted to a uniform scaled score against all exam candidates. On this scale, a score of 360 represents the minimum passing scaled score.
Additional Certification Requirements
In addition to successfully passing the exams, CMA candidates must fulfill education and experience requirements in order to be certified:
;Bachelor's degree from an accredited college or university
2. Two continuous years of professional experience employing the principles of management accounting and financial management including:
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
Company investment decision making
3. For certified CMAs, 30 hours of CPE credits, including two hours of ethics, and annual IMA Membership are required to maintain active status Updated on 25 April, 2019
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