The Institute of Management Accountants (IMA) in the United States awards the Certified Management Accounting certification. The Certified Management Accountant (CMA) certification demonstrates that the individual has a deep understanding of decision support, financial planning, analysis, control, and professional ethics. The Institute of Management Accountants offers the CMA; a worldwide recognised credential centred in IMA US. The IMA US has a more than a 100-year record, and there are presently more than 1,40,000 US CMA certified applicants in 150+ countries.
Table of Contents
The CMA USA 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 CMA USA testing.
ICMA Prometric Testing Centers administers the CMA USA Tests.
Join the comprehensive course for CMA USA in India from NorthStar Academy – Best award winning training institute in India and clear your CMA USA in your very first attempt.
A candidate should be able to recognise 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, recognise capital transactions, and understand the variations between US GAAP and IFRS, among other things.
The US CMA test has two segments, and you don’t have to take them in any specific sequence. The two portions of the CMA USA Exam are both four hours long and include the following:
|Question type||Duration||No of questions||Time per question|
|Multiple Choice||3 hours||100||1.8 minutes|
|Essay type||1 hour||2||30 minutes|
This means that, depending on your preferences, you can register any part first. The CMA USA test comprises 100 multiple-choice questions (MCQs) and two essay questions in each section. The MCQs account for 75% of your overall score on the CMA exam, while essay questions account for 25%.
|Sections||Part 1||Weightage||Sections||Part 2||Weightage|
|Section A||External Financial Reporting Decisions||15%||Section A||Financial Statement Analysis||20%|
|Section B||Planning, Budgeting and Forecasting||20%||Section B||Corporate Finance||20%|
|Section C||Performance Management||20%||Section C||Decision Analysis||25%|
|Section D||Cost Management||15%||Section D||Risk Management||10%|
|Section E||Internal Controls||15%||Section E||Investment Decisions||10%|
|Section F||Technology and Analytics||15%||Section F||Professional Ethics||15%|
The minimal time required to complete US CMA is six months, with an average of one year and a maximum of three years. 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.
To be eligible for CMA, you must meet the following requirements:
Congratulations, you are a CMA USA now.
CMA US from the United States is in high demand across the Globe. Multinational enterprises such as Accenture, Amazon, Deloitte, EY, KPMG and other MNC’s are hiring qualified CMA USA’s candidates for Managerial jobs such as Financial Controllers, Financial Analysts, Treasury, Budget Analysts, Cost Auditors, Financial Manager, VP Finance and CFO. Because they are in high demand in a variety of sectors for a variety of abilities, US CMAs have plenty of career prospects in India, including those listed below and a lot of others in the finance industry.
CMA USA Job role in Big 4’s and MNC’s
The CMA USA course (Certified Management Accountant) certification in the United States has long been the gold standard for accounting and financial professionals around the world. The CMA USA course is an advanced professional certification that assesses critical accounting and financial management skills.
You must pass both the parts of CMA USA exam with 3years from passing one part of CMA USA exam. Otherwise the qualified part becomes null and void.
Generally Part 2 is comparatively easier than Part 1 in CMA USA exam.
Not necessarily accounting background is required for starting your CMA USA journey. You can join the CMA USA comprehensive course from NorthStar Academy for a depth and conceptual training.
A fresher CMA USA earn around 4.5lks to 6lks per annum. An experienced CMA USA candidate earn upto 10 lks per annum.
Exam Eligibility: You are eligible to appear for the exam immediately after successfully passing the Class 12th exam. This is the most important part of the CMA US 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
Every year, a large number of Indians look for information on the CMA USA certification, if you’re interested in earning the CMA USA in India then no need to worry, register at NorthStar Academy – Best Award winning training institute in India for CMA USA classes.
The CMA has a significant impact on compensation in India, according to one of the most notable conclusions from the IMA’s salary survey. Additional professional options and routes are among the CMA perks received by IMA members in Asia. Almost 65 percent of Asian CMAs stated the certification broadened their professional opportunities, and 90 percent said it improved their ability to move across industries.
NorthStar Academy’s CMA USA course will help you learn about the basics of CMA USA and provides conceptual and detailed understanding about the subject matter. You learn the 12 sections in depth and multiple mock tests to support your CMA USA journey.
This CMA USA comprehensive course will teach you the skills necessary to become a Certified Management Accountant at the earliest. This course is also an excellent way to advance your finance and management career so enquire now and get connected with expert CMA USA counsellors now and avail early bird offers in the upcoming CMA USA batch with NorthSar Academy.