What is US CMA?

CMA US classes 

CMA US classes Pune 

The US CMA (Certified Management Accountant) is a professional certification that is also for accountants and financial professionals, though the concentration of the exam is financial action, management, and analysis, control, and decision support.

As one of the accounting courses that boost the list of courses after b.com in a brief period of time, unlike other accounting courses like teaching auditing and taxation, CMA USA offers in-depth knowledge regarding business strategy, risk management and cost management, which is an essential qualification for finance instructors with aspirations of working in leadership levels.

US CMA Course Details

1. Eligibility Criteria

Eligibility Requirements for US CMA Certification

• BASIC EDUCATION: A bachelor’s degree from an accredited university.
• Professional Experience: At least 2 years of related experience in financial management or management accounting Candidates may fulfill this requirement within seven years of passing the CMA exam, however.
• IMA Membership: A candidate must be a member of the Institute of Management Accountants (IMA).

2. US CMA Syllabus

The US CMA course has two parts:

Part 1: Financial Planning, Performance, and Analytics

• Decisions relating to External Financial Reporting
• Strategy, Planning, Budgeting, and Forecasting
• Performance Management
• Cost Management
• Internal Controls
• Technology and Analytics

Part 2: Strategic Financial Management

• Financial Statement Analysis
• Corporate Finance
• Decision Analysis
• Risk Management
• Investment Decisions
• Professional Ethics

3. Exam Structure

• The US CMA exam is conducted in a computer-based format.
• Each part consists of 100 multiple-choice questions (MCQs) and two essay questions.
• The exam duration is four hours per part.
• Candidates must score at least 360 out of 500 to pass each part.

4. Exam Windows

The US CMA exams are conducted in three testing windows each year:

• January-February
• May-June
• September-October

Candidates can choose any window that suits their preparation schedule.

5. Cost of US CMA

The US CMA certification involves several costs, including:

• IMA Membership Fee: $280 (for professionals) / $135 (for students)
• Entrance Fee: $300 (for professionals) / $210 (for students)
• Exam Fee: $495 per part (for professionals) / $370 per part (for students)

These fees may vary based on IMA’s updates and regional pricing.

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Why Choose US CMA Certification

This certification offers a lot of benefits and so professionals in the field of finance and accounting are prefer to choose this path. Some key benefits include:

1. Global Recognition

US CMA is recognized more than 150 countries i.e. USA, Canada, India, UK, Middle East. This worldwide recognition, thus, is going to be a booster for freshers to bag jobs in MNCs and even abroad.

2. High Salary Potential

CMA-certified employees have a 25-30% edge over non-CMA employees in their compensation. As per the salary survey conducted by IMA, CMAs in the USA earn an average salary of $100000 yearly whereas in India; CMAs earn somewhere between INR 8-15 lakhs per annum based on experience and job profile.

3. Fast-Track Career Growth

The US CMA certification is a key to senior financial positions, such as:

• Chief Financial Officer (CFO)
• Financial Analyst
• Management Accountant
• Corporate Controller
• Cost Accountant
• Budget Analyst

Best institute in pune For CMA US