Certified Management Accountants - A certification awarded by IMA USA (The Institute of Management Accountants - USA). www.imanet.org

The CMA internationally recognized, advanced accounting and financial professional training in business. CMA is achievement mark on your professional expertise in financial planning, analysis, control, decision support, and professional ethics – skills that are up to standards.

Whether you want Promotion or expand your career potential, CMA is perfect choice for standard professional excellence.

To Become a CMA

BE a CMA, you need to get through following requirements:

• Register and maintain membership in IMA.
• Bachelor’s degree holder or equivalent degree from recognized college or university.
• Professional experience of two year in management accounting or financial management.
• Enroll into the CMA program.
• Attempt and pass Parts 1 and 2 of the CMA exam.
• Accept by IMA’s Statement of Ethical Professional Practice.

Course of Study-New Syllabus 2024 Edition

• Part-I Financial Planning, Performance & Analytics
• Part-II Financial Decision Making

Exam Format

Passing Scale 360 marks out of 500(72%)

Part-I

• 100 Multiple Choice Questions, Time Duration of Exam – 3 hours, and then
• 2 Essay Type Questions, Time Duration of Exam – 1 hour

• 100 Multiple Choice Questions, Time Duration of Exam – 3 hours, and then
• 2 Essay Type Questions, Time Duration of Exam – 1 hour

Exam & Other Fee Structure

• IMA Membership Fee - $295
• CMA Entrance Fee - $300
• Exam Fee Part-1 - $495
• Exam Fee Part-2 - $495

Exam Sessions

Sessions of Computer Based Exam;

• January – February
• May – June
• September – October

Part-I (Financial Planning, Performance & Analytics)

Knowledge of general business environment and business concepts that enable you to understand the underlying business reasons and accounting implications of business transactions, analysis, decision making, budgeting & forecasting and other managerial functions in the organization.

• External Financial Statements
• Measurement, Valuation & Disclosure: Assets - Short Term Items
• Measurement, Valuation & Disclosure: Assets – Long Term Items
• Measurement, Valuation & Disclosure: Liabilities
• Revenue & Impairment Recognition
• Integrated Reporting
• Cost Management Concepts
• Cost Accumulation Systems
• Cost Allocation Techniques
• Supply Chain Management
• Business Process Improvement
• Analysis, Forecasting and Strategy
• Budgeting – Concepts and Methodologies
• Budgeting – Calculations and Proforma Financial Statements
• Cost & Variance Measures
• Responsibility Accounting and Performance Measures
• Internal Controls – Corporate Governance
• Internal Control – Controls & Security Measures
• Information Systems and Data Governance
• Systems Development and Data Analytics

Course Outline Part-II (Financial Decision Making)

This section acknowledges you with basic and detailed financial decision making techniques and props. Which lead you to better performance in Financial Decision Making in an organization. Ensures you with the concepts to analyze the financial data and financial statements which enhance the overall efficiency of the organization.

• Liquidity, Solvency and Leverage Ratios
• Profitability and Per Share Ratios
• Activity Ratios and Earnings Quality
• Types of Securities
• Financial Markets and Financing
• Valuation Methods and Cost of Capital
• Working Capital Management
• Corporate Re-Structuring, International Trade and Exchange Rates
• CVP Analysis
• Marginal Analysis
• Pricing Analysis
• Risk Management
• Investment Decisions
• Ethical Considerations for Professionals
• Ethical Considerations for Organization