Certified Management Accounting (CMA)*

CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. The CMA is IMA's advanced professional certification for Accountants and Financial Professionals in Business,specifically designed to measure 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. It has a network of more than 100,000+ members.

ICMA® (Institute of Certified Management Accountants) is the certification affiliate of IMA. ICMA is responsible for developing, administering, and grading the CMA (Certified Management Accountant) exam; establishing the policies and procedures for the CMA program; and for ensuring the program’s overall integrity. The ICMA Board of Regents is responsible for setting policies, and the ICMA staff is responsible for operations.

Academics – Only 2 Paper’s & one Level only. Duration – Shorter duration vis a vis Indian certification where pass percentage is less than 10%, in case of US CMA pass percentage is about 50 % globally & 70% with support of course providers. Job Propsects - High paying jobs at MNCs.

An accounting background is helpful but not required. Candidates come from a variety of bachelor’s degree programs and industries, including engineering, business administration, economics, and finance.

A CMAs role is to ensure that the company' financial and overall performance are efficient 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.

Many members choose to separate their tests Part 1 & 2 and each test might need substantial preparation time of 150-170 hours, thus one might take 12-18 months to complete the exams.

All CMA candidates have three years to pass both parts of the exam. The time will begin with the date of your entry into the CMA program. If you don’t complete the exam in three years, you will lose past scores and will need to register for the exam again.

The average pass rate is about 50% on both parts 1 and 2.

Register for the exam. You can register for Part 1 and Part 2 in any order or register for both at the same time. Prepare to complete certification requirements including submitting your education transcript and work experience (2 continous years of full time employment in the fields of management accounting or financial management). This can be done before or after passing the exam, but is required as a final step to become certified.

CMA is an international certification and is an industry integrated curriculum that tests a student at all levels of testing like. Knowledge Comprehension Application Analysis Synthesis Evaluation

Student : 10+2 Profession : Anyone with a bachelor's degree from an accredited college/university or a related professional certification. A listing of approved certifications can be found here https://www.imanet.org/-/media/738367c586e442c3aae198fec3b573d6.ashx

Associate or Fellow, Institute of Cost Accountants of India. Chartered Accountant (CA), Institute of Chartered Accountants of India, Intermediate, and Final levels Institute of Company Secretaries of India, Executive and Professional levels

No, you can take parts 1 and 2 in any order. You have the option of taking both together on the same day, although many members choose to separate their testing dates

The CMA exams are computer-based and administered at hundreds of Prometric Test Centers worldwide. With three testing windows each year, you can sit for an exam at a time and place convenient for you. If you are enrolled in the CMA program and are ready to sit for the exam, here are the steps: Pick your testing window. Testing windows are offered in January/February, May/June, and September/October. Register for the exam at www.imaonlinestore.com. Receive your authorization number(s) along with further instructions. Schedule your exam appointment(s) with Prometric, our testing partner, at www.prometric.com/ICMA.

Candidates take the CMA exam in person at a Prometric Test Center. In accordance with local customs, Prometric Test Centers are available throughout the U.S. and internationally. To locate a test center, please visit www.prometric.com/ICMA.

Exams are offered according to the following schedule: January and February May and June September and October

To schedule exam appointments, visit www.prometric.com/ICMA. Best is to schedule your appointment at least four weeks in advance. One should schedule the appointment with Prometric at least 72 hours in advance of the exam date. Once you are registered, you must take the exam part during your assigned testing session. If for any reason you are unable to schedule an exam appointment during the assigned testing window, you will need to pay another registration fee. Appointments cannot be rescheduled to another testing window.

A candidate must present proof of their identity to be permitted to take the CMA Exams. The name on your ID(s) must match exactly with the name on your authorization letter. Any changes must be made at least a week (7 days) prior to your first scheduled appointment. All identification must be original. Photocopies and/or electronic downloads are not acceptable. PRIMARY (one form of ID needed) – original and unexpired - Passport, U.S. Passport Card, Government issued National Country ID (with photograph), EU Identity Card, Government issued driver’s license (with photograph) OR SECONDARY (two forms of ID needed) - original and unexpired – one with a photograph, and one with your signature -Military ID Card, PAN Card (India), Aadhar Card (India), Voter ID (India), Bank ATM, debit, or credit card with signature

Each exam part will consist of 100 multiple-choice questions and two 30-minute essay questions. You will have three hours to complete the multiple-choice section and one hour to complete the essays.

4 hours - 3 hours for MCQs and 1 hour for essays

You must answer at least 50% of the multiple-choice questions correctly to be eligible to take the essay section. The essays will be presented after you have completed the multiple-choice section of the exam orafter three hours, whichever comes first. Once you complete and exit the multiple-choice section of the exam, you cannot go back. You must remain in the essay section to complete the exam. The essay section consists of approximately 10-12 written response or calculation questions based on two scenarios, describing a typical business situation

No negative marking

The minimum passing score is 360 for both parts of the exam. The exam score range is 0-500.

The scores for the multiple-choice section will be added to the scores of the essay section for a total weighted score of pass/fail reflected in a scaled score for the entire part. Candidates are not required to “pass” both sections; the total score determines pass/fail status.

An exam part may be taken only once in a testing window. You can sit for as many testing windows as you need in your three-year period. All retakes require a new exam registration (not CMA entrance), along with payment of appropriate fees: $415 for professionals, $311 for Students/Academic members.

Small battery- or solar-powered electronic calculators restricted to a maximum of six functions— addition, subtraction, multiplication, division, square root, and percentage—are allowed. Candidates can also use Texas

Visit imanet.org/cma-certification to apply. Purchase the CMA entrance fee and IMA membership. The application process takes about 10 minutes.

Submit original transcripts (or notarized copies) electronically at CMAEducationDocuments@imanet.org. Email all documents in PDF format and make sure to include your IMA membership number.

Candidates for CMA certification must complete 2 parts. • Part 1: Financial Planning, Performance, and Analytics (4 hours – 100 multiple-choice questions and two 30-minute essays) • Part 2: Strategic Financial Management (4 hours – 100 multiple-choice questions and two 30-minute essays)

External Financial Reporting Decisions 15% Planning, Budgeting, and Forecasting 20% Performance Management 20% Cost Management 15% Internal Controls 15% Technology and Analytics 15%

Financial Statement Analysis 20% Corporate Finance 20% Decision Analysis 25% Risk Management 10% Investment Decisions 10% Professional Ethics 15%

Exam results will be emailed and posted to your online profile approximately six weeks from the end of the month in which you tested. Performance Reports are sent via e-mail from Prometric to all candidates who take an exam part approximately 14 days after exam results are posted to the candidate’s profile.

On the IMA website, click “My Profile” and then “My Certifications.” There you will find your exam status and transcript, information on your work experience and education, and more.

Candidates for the CMA certification must complete two continuous years of professional experience in management accounting and/or financial management. This requirement may be completed prior to or within seven years of passing the examination. Teaching qualifies as related professional experience when it is full-time and at least 60% of the course load taught is accounting or finance above the introductory level over a two-year period

Professional experience is expected to be gained in full-time employment. However, continuous part-time positions of 20 hours per week meeting the definition of qualified experience will count toward this requirement at a rate of one year of experience for every two years of part-time employment. Experience will be evaluated on a case-by-case basis.

To validate your work credential, you will need to download the CMA Experience Requirement Verification Form The completed form can be returned via email to ccurtin@imanet.org or via post to: "ICMA., 0 Paragon Drive, Suite 1, Montvale, NJ 07645-1759"

Professional Members Application Fees - $15 (One time) Entrance Fees - $ 280 (Non-Refundable & 3 years validity) Exam Fees - $ 460 each part (1 time Exam booking) Membership Fees - $260 (1 year validity) Student / Academic Member Application Fees - Nil Entrance Fees - $ 210 (Non-Refundable & 3 years validity) Exam Fees - $ 345 per Part (1time Exam booking) Membership Fees - $45 (1 year validity) Discounts available if students undertake the course through accredited learning providers

IMA membership is additional and required. It is $260 for professionals and $45 for students.

The CMA entrance fee for the certification program must be paid before taking the examinations.If both exam parts are not successfully completed within three years of entering the certification program, any passed part will expire, and the CMA entrance fee will have to be repaid.

Discounts up to 50% are available if students undertake the course through accredited learning providers

The CMA entrance fee is not refundable. The examination fee is refundable within 30 days from the date you purchased the exam and if no appointment has been set with Prometric. A processing fee will be subtracted from the refund.

Once you have completed the CMA exam but have not yet been awarded the certificate, you are required to meet the continuing education requirements and maintain membership in IMA. Certificates will be awarded when the experience requirement is satisfied. At that time, continuing education and IMA membership must be current.

You will be required to complete 30 hours of continuing education annually, two hours of which must be in the area of ethics. Credit will be given for subjects relevant to a management accountant’s career development and related to employer needs. ICMA grants credit for programs sponsored by education organizations, employers, business organizations, and professional and trade associations.

If more than 2 hours of Ethics are earned in a year, upto 2 hours can be carried forward to the following year. For general 10 hours can be carried forward by a certified member.

The reporting period begins from January 1st