What is US CMA Course?

This event is suitable for individuals interested in pursuing the CMA US certification, including students, recent graduates, working professionals, and finance enthusiasts looking to enhance their career prospects.

The CMA US course typically takes 6 to 9 months to complete, depending on your study pace and commitment.

Yes, many candidates successfully complete the CMA US course while working full-time. It offers flexibility in terms of study schedules, making it manageable for working professionals.

To enroll in the CMA US program, you need a bachelor’s degree from an accredited institution or a relevant professional certification. However, candidates can start preparing for the exams even before meeting these prerequisites.

The CMA US exam consists of two parts: Part 1 – Financial Reporting, Planning, Performance, and Control, and Part 2 – Financial Decision Making. Each part consists of multiple-choice questions and essays.

The CMA US certification is highly regarded for its focus on management accounting, making it ideal for individuals aspiring to pursue careers in finance and management roles. It offers international recognition, versatility, and accelerated career growth.

You can prepare for the CMA US exams with a combination of study materials, online courses, practice exams, and study groups. The event will provide insights into the most effective preparation strategies.

CMAs are in demand across various industries, including finance, healthcare, technology, manufacturing, and more. They can hold positions such as financial analyst, management accountant, finance manager, and controller, among others.

Some organizations and institutions offer scholarships or financial assistance programs to support CMA US candidates. The event may provide information on such opportunities and how to access them.

CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. The CMA is an advanced professional certification specifically designed to measure the critical accounting and financial management skills. This is especially relevant for success in a business environment.

IMA® (Institute of Management Accountants) is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. IMA offers its members exclusive access to the CMA program. We are committed to helping you – and our network of more than 85,000 members – to expand your professional skills, better manage your organization, and enhance your career.

a. International Credibility
b. Strong Knowledge Base – Management Accounting and Financial Management
c. Significant career progression opportunity
d. Other benefits: Leadership skills, international perspective, elite professional network
e. CMA course USPs
i. Academic Advantage (2 parts, single-level exam, objective-pattern exams)
ii. Convenience (Exam locations in India, computerized online exams, exams held over 6
months/year)

a. A bachelor’s degree from an accredited college/university or a related professional certification
b. Two continuous years of professional experience in management accounting or financial management, which can be completed after passing the exam, but are required as a final step to certification
c. Passing Parts 1 and 2 of the CMA exam.
d. Active membership in IMA (Institute of Management Accountants)

a. The Institute of Cost and Works Accountants of India (ICWAI) has entered into a Memorandum of Understanding (MoU) with the Institute of Management Accountants (IMA), USA to enable mutual recognition and cooperation between the two institutes to develop the profession of Management Accountancy for the benefit of their members and students in the pursuit of excellence in education and training and continuing professional development in Management Accountancy.
b. The MoU will enable recognition of the professional qualification of the respective Institutes. A member of ICWAI can get enrolled as a member of IMA USA and vice versa.

a. Academics – Only 2 Paper’s & one Level only
b. Duration – Shorter duration vis a vis Indian certifications where pass percentage is less than 10%, in case of US CMA pass percentage is about 50 % globally & 70% with support by our University partners

The CMA exam is fully computerized and is available at hundreds of prometric centers around the world. Candidates can take the exam 6 months out of the 12 each year.

a. There are two parts in the exam. Each part is 3 hours long for 100 multiple choice questions, representing 75% of the exam score. The second section is essay writing representing the remaining 25%. You will be given 30 minutes for each of the two essays. Total testing duration is 4 hours.
b. You must pass at least 50% of the first (i.e. multiple choice) section in order to advance to the essay questions. You can use any time remaining from the multiple choice questions towards the essay portion.

c. The exam is held three examination windows in a year namely Jan & Feb/May & June/ Sept & Oct.
d. What is the total marks & the minimum marks to pass- The total marks per paper is 500, and minimum passing is 362 marks and minimum 72%.

No negative marking.

CMA is an International certification, and is an industry integrated curriculum which tests a student at all levels of testing. CMA exams require Level C coverage, i.e., following cognitive skills:

• Knowledge
• Comprehension
• Application
• Analysis
• Synthesis
• Evaluation

Certified Management Accountants play an important role as advisors to top management. Their role includes but is not limited to:

•  Act as trusted business advisors
•  Support management decision making process
•  Involved in strategic development initiatives
•  Work “hands on” to add value in organizations
•  Use broad-based business knowledge to improve company performance
•  Pricing Decisions – Decide the right price for a product and further pricing strategies
•  Cost Management – Analyze costs, reduce and manage costs. Set up standards for costs and analyze any variances, Planning, budgeting and forecasting
• Raising Capital – Assessing how to raise capital for a business, deciding between debt & equity; minimizing the cost of capital
• Investment Decisions – Analyzing and ranking investment avenues (or projects) using Capital Budgeting techniques like NPV (Net Present Value), IRR (Internal Rate of Return), etc.
• Financial Analysis – Analyze the company’s profitability, activity, liquidity, solvency, debt coverage, etc.
• Internal Controls – Ensuring: Fair and accurate financial accounting & reporting, Compliance with laws & regulations.
• Effective & efficient business operations

• The CMA is a performance manager who validates mastery of financial planning, analysis, control, and decision support – the critical skills required of valuable strategic advisors in any organization
Few designations/profiles for CMAs in the industry:
• Finance and Accounting Managers within companies
• Budgeting Managers
• Investment Manager
• Costing Manager
• Payable Manager or Receivable Manager
• Portfolio/ Fund Manager
• Financial Controllers
• Treasurer
• Chief Finance Officer
A CMAs role is to ensure that the company runs its financial and overall performance in an efficient manner so that the objectives of the companies are met. They are the people who make daily decisions within the companies for its survival and growth Opportunities in India for CMAs are with MNCs including Banks & Financial Services, Consulting, IT, Retail, Pharma, Manufacturing basically, any US-based MNC in India