Description
The Certified Management Accountant (CMA) is a globally recognized certificate that supports management accounting and finance professionals who drive business performance inside organizations. The CMA program is an advanced-level curriculum requiring candidates to demonstrate knowledge of accounting, finance and related fields.
Candidates
- Possess advanced financial and strategic management competencies
- Lead, manage and make decisions in management accounting and financial management
- Trusted partners to executives in all areas of an organization
- Evaluate performance and make decisions about the strategic direction of the organization
- Understand the business formula for delivering value to the customer
Components
Part 1: Financial Planning, Performance, and Analytics
15% External Financial Reporting Decisions
20% Planning, Budgeting, and Forecasting
20% Performance Management
15% Cost Management
15% Internal Controls
15% Technology and Analytics
Part 2: Strategic Financial Management
20% Financial Statement Analysis
20% Corporate Finance
25% Decision Analysis
10% Risk Management
10% Investment Decisions
15% Professional Ethics
Exam
The CMA exam is designed to develop and measure critical thinking and decision making skills. All exams are computer-based with multiple choice and essay questions.
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Financial Reporting, Planning, Performance and Control:
Four hours – 100 multiple-choice and two essay questions
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Financial Decision Making:
Four hours – 100 multiple-choice and two essay questions
Window
The exam is offered in January and February, May and June, September and October.
The scores will be mailed approximately six weeks after the end of the month during which the applicant took the test.
Venue
All examinations are offered by Prometric, a worldwide network of testing centers.
Prerequisite
Bachelor degree in any area from an accredited college or University.
References
The Institute of Management Accountants (IMA) is the world’s leading organization dedicated to empowering management accounting and finance professionals to boost business performance. IMA administers the CMA program, curriculum, exams and grading. Register for the exam online by visiting www.imanet.org.
