The Institute of Management Accountants (IMA) in the United States awards the Certified Management Accountant (CMA), also known as the CMA USA course in India, as the highest level of management accounting certification.
The IMA offers the US CMA course or certification, which is a global association of accountants and financial specialists in business. It was created in the year of 1919 and has more than 90,000 members across the world with a global reach in over 140 countries through 300 professional and student chapters.
For management accountants and financial professionals, the CMA (Certified Management Accountant) credential has long been the gold standard. Within 6–9 months, you can obtain a professional certification.
The IMA awards the CMA Certification. The following are some of the important points you should know about the US CMA course:
Exam registration and the CMA course are two of the most important features of CMA USA.
Exam Eligibility: You are eligible to appear for the exam after successfully passing the Class 12 exam. This is the most important part of the CMA Journey since after passing the exam, you can apply for jobs even if your certification has been pending.
IMA Membership Eligibility: After passing the CMA Exam, you can apply for IMA certification and membership. Remember, you have 7 years’ from the date of passing the exam to apply for IMA certification and membership.
To apply for IMA certification and membership, you must have
To be eligible for CMA, you must meet the following requirements:
Congratulations, you are a CMA now.
The CMA exam test has been totally revamped and is now administered at Prometric Centers around the world. It’s essential that you schedule your assessments for one of the available testing windows that best meets your needs. You are also advised to book your testing slot ahead of time to ensure that you get your desired testing window (dates and time schedule) for testing.
The CMA test has two parts, and you don’t have to take them in any specific sequence. This means that, depending on your preferences, you can register for any of the two parts first. The CMA test comprises 100 multiple-choice questions (MCQs) and two essay-type questions in each part.
The MCQs account for 75% of your overall score on the CMA exam, while essay questions account for 25%. The exam can be scheduled on any day of your choice during the three exam windows namely, Jan – Feb, May-June, and Sep–Oct.
Jan-Feb: January 1 to February 28;
May-Jun: May 1 to June 30;
Sep-Oct: September 1 to October 31.
The two parts of the US CMA Exam are both for four hours and include the following:
Type of question :
|Question type||Duration||No of questions||Time per question|
|Multiple Choice||3 hours||100||1.8 minutes essay|
|Essay type||1 hour||2||30 minutes|
At NorthStar Academy, the CMA USA course takes six months for both parts to complete. In our comprehensive mode of teaching, we take one part at a time with one monthly break in between to allow the students to appear for the exam.
On average CMA USA course at NSA takes between 6 to 9 months to pass, which is a significantly shorter time than most other professional certifications and courses in finance and management accounting. Completion is determined by a number of elements, including the amount of time you have to study, how you plan your studies, and how well you know your fundamentals.
CMA USA course fees vary greatly in different parts of the world typically ranging between 2 to 5 lakhs which include the CMA training, entrance and membership fees, and both parts exam fees.
However, NorthStar Academy provides the best training at a much lesser cost. Not just that we provide IMA-approved books as part of the package itself. For more details, connect to our career counselors today.
Global recognition: The US CMA is the most widely recognized management accounting qualification in the world.
CMA USA course details: The course concentrates on the most recent updates, ethics, and financial statement analysis, as well as risk management, with a US GAAP flavor added in the segment to entice companies to hire people who have passed the US CMA Qualification. Unlike other management credentials, CMA USA only offers two tests.
Many Big4s in India hire qualified CMAs (USA) for FP&A, Risk advisory profiles (CMA USA focuses on risk management), and Internal FP&A profiles in outsourcing organizations such as Capgemini, Accenture, Amazon, and others. You may also contact NorthStar Academy for additional information on the course, study materials, and placement aid.
Currently, education institutions in Bangalore, Bangalore, and Mumbai, offer CMA coaching. NorthStar Academy has one of the finest faculty teams for CMA USA today. Our teaching methodology has helped NSA maintain excellent results year after year. CMA USA fresher salaries in India start at 4 lakhs per annum.
Here is the fee structure at NorthStar Academy for the CMA USA exam in India
|Particulars||Students Category ($)||Professional Category ($)|
|IMA Membership fee||117||245|
|IMA Entrance fee (Validity for students – 3 years, for Professional – 1 year.)||188||250|
|Part 1 Exam fee||311||415|
|Part 2 Exam fee||311||415|
The cost listed above is solely the expense payable to IMA and does not include the cost of tutoring or study materials.
Note: NSA offers a massive bundle discount, and you will never be having the pay the fees as mentioned above. For more details, contact our career counselors.
The pass percentage for the US CMA Exam is 72 percent for each part, which means you must earn 360 out of 500 to pass the exam.
The CMA USA Syllabus is comprised of two parts:
A candidate should be able to recognize the financial statements’ requirements, as well as their primary components and categories, as well as their benefits and drawbacks, as well as their consequences.
One can also show that they understand the needs of each of the assertions, as well as the relationship between them and how they were prepared.
A candidate should be able to distinguish between financial and operating leases, recognize capital transactions, and understand the variations between GAAP and IFRS, among other things. This section is divided into two parts; budgeting and financial planning.
A candidate must compute several items such as the cost of goods sold, the cost of goods manufactured, and other items in this section. There are also a few conceptual issues to consider. This section goes into greater detail than the one before it. Although the ideas are simple, some questions can be lengthy.
The following are the sections in both parts of the CMA USA syllabus.
|External Financial Reporting Decisions||15%|
|Planning, Budgeting and Forecasting||20%|
|Technology and Analytics||15%|
|Sections||Part 1||Weightage||Part 2||Weightage|
|Section A||External Financial Reporting Decisions||15%||Financial Statement Analysis||20%|
|Section B||Planning, Budgeting and Forecasting||20%||Corporate Finance||20%|
|Section C||Performance Management||20%||Decision Analysis||25%|
|Section D||Cost Management||15%||Risk Management||10%|
|Section E||Internal Controls||15%||Investment Decisions||10%|
|Section F||Technology and Analytics||15%||Professional Ethics||15%|
The CMA USA Course is a globally recognized advanced-level accreditation for accountants and financial professionals. Management accountants are critical to a company’s profitability, revenue forecasts, financial planning, and analysis.
Ideally, the CMA USA Qualification will lead you to the position of Financial Controller, and subsequently to the post of Chief Financial Officer of the company. Avail all the benefits by joining NorthStar Academy today, to get the best CMA USA trainin.
Best details for CMA USA fees. Thanks NorthStar Academy team