CMA

Certified Management Accountant (CMA) is the highest level of certification for management accountants awarded by the Institute of Management Accountants (IMA), USA. Institute of Management Accountants (IMA), USA has 125,000+ members spread across 140 + countries and 300 chapters. The program of study gives you the skills you need to enter the finance profession and adapt to the changing needs of the business. CMA offers an outlook on the company's future and contributes to value production.

CORE SKILLS OF CORPORATE MANAGEMENT ACCOUNTANT (CMA)

• STRATEGY:

  CMA is the first to adjust or create strategies linked to accounting, operations, bookkeeping, predictions, and more since they have a complete understanding of financial statements and processes.

• PERFORMANCE:

  One of the key components of a CMA is to carry out performance measurement. A CMA can track the advancement of spending, investment, project results, operations, and more with the assistance of business evaluation.

• REPORTING AND CONTROL:

  All CMAs, regardless of the function they play, wind up being outstanding consultants for reporting and control that contribute to preserving an organization's financial stability.

• TECHNOLOGY AND ANALYTICS:

  A tech-aware person with knowledge of machine learning and artificial intelligence is a must in the realm of technology. Anyone holding a CMA certification suggests to be a technology expert given the CMA test involves technology.

• Business acumen and operations:

  CMA also creates a strategy for the firm in addition to using technology and being knowledgeable about financial statements.

• LEADERSHIP:

  Since managing is in the title of a CMA, one of the most important traits of a CMA is the ability to manage a team.

• PROFESSIONAL ETHICS AND VALUES:

  A CMA's ability to lead others ensures their professional ethics.

• FINANCIAL ANALYSIS:

  CMAs can decipher financial spreadsheets that are helpful for analyzing performance and extract all the pertinent and important information for business leaders to understand.

• BUDGETING AND FORECASTING:

  Budgeting and forecasting are skills that CMAs excel at since they are well-versed in the capital of the organization.

• COST ACCOUNTING:

  One of the benefits of being a CMA is holding out measurable responsibilities for leaders and shareholders.

• RISK MANAGEMENT:

  The primary responsibility of CMA in making risk-related decisions for the organization is measuring, assessing, and quantifying the risks.

• COMMUNICATION:

  A CMA has a vital role in raising issues relating to any financial subject of the firm, thus they should be proficient in communicating.

• PROBLEM-SOLVING:

  To comprehend a problem and take appropriate action, management professionals collaborate cross-functionally with supervisors across a variety of disciplines.

CMA COURSE DETAILS

It is the first stage of the examination, having 4 groups;

CMA ELIGIBILITY CRITERIA

EDUCATIONAL QUALIFICATION

• Bachelor’s Degree or Professional Certification (CA, CPA, ACCA, etc.)
• The students are required to submit the educational requirements within seven years of completion of the exams. Therefore, a student pursuing a bachelor’s or professional certification is eligible to appear for CMA exams.

CMA EXAMINATION

• Required to clear two papers in any order.

EXPERIENCE

• 2 years of continuous professional experience in Accounting and Finance.
• The practical experience is to be completed prior to or within seven years of passing the examination.

CAREER PATHWAYS

Being a CMA paves the way for professional options in decision-making positions, such as those of manager or controller:

Chief Financial Controller

Chief Financial Officer

Financial Manager

Risk Manager

Financial & Planning Analyst

Management Accountant

Cost Accountant