Ocassio Accounting Academy LLP, Koppan's Mall Pattambi, Pin 679306
know More about
CMA USA
Certified Management Accountant (CMA) USA
The Certified Management Accountant (CMA) designation is a globally recognized credential signifying expertise in management accounting and financial management. It is granted by the Institute of Management Accountants (IMA), a global association of accounting and finance professionals.
It is the most sought – after accounting and finance certification by companies and recruiters worldwide. The CMA course is an advanced level credential appropriate for accountants and professionals.
Course Overview
PART 1: Financial planning, Performance and analytics
- External Financial Reporting Decisions
- Planning, Budgeting and Forecasting
- Performance Management
- Cost Management
- Internal Controls
- Technology and Analytics
Part-2 Syllabus: Strategic Financial Management
- Financial Statement Analysis
- Corporate Finance
- Decision Analysis
- Risk Management
- Investment Decisions
- Professional Ethics
Since CMA US is a global credential, it offers vast opportunities both domestically and globally by enhancing the financial, accounting and management skills. CMA US certified professional can avail the opportunity of working in different sectors in the management capacity. CMA US earns a good remuneration across the globe as per the Global Salary Survey reported by IMA.
Students who completed 12th or graduation can apply for CMA US. For the final certification, following requirements are to be fulfilled:
- Membership in the Institute of Management Accountants
- Paying the Entrance Fee
- Satisfying the Education Qualification
- Satisfying the Experience Qualification
- Passing scores for all required examination parts
- Compliance with the IMA Statement of Ethical Professional Practice
- External Financial Reporting decisions
- Planning, Budgeting and Forecasting
- Performance Management
- Cost Management
- Internal Controls
- Technology and Analytics
- Financial Statement Analysis
- Corporate Finance
- Decision Analysis
- Risk Management
- Investment Decision
- Professional Ethic
Course Overview
CMA Foundation / Cat
- Paper 1 – Fundamentals of Business Laws and Business Communication
- Paper 2 – Fundamentals of Financial and Cost Accounting
- Paper 3 – Fundamental of Business Mathematics and Statistics
- Paper 4 – Fundamentals of Business Economics and Management
CMA Intermediate
Group I
- Paper 5- Business Laws and Ethics (BLE)
- Paper 6- Financial Accounting (FA)
- Paper 7- Direct and Indirect Taxation (DITX)
- Paper 8- Cost Accounting (CA)
Group II
- Paper 9 – Operation Management and Strategic Management (OMSM)
- Paper 10 – Corporate Accounting and Auditing (CAA)
- Paper 11 – Financial Management and Business Data Analytics (FMDA)
- Paper 12 – Management Accoutning (MA)
CMA Final
Group III
- Paper 13 – Corporate & Economic Laws (CEL)
- Paper 14 – Strategic Financial Management (SFM)
- Paper 15 – Direct Tax Laws and International Taxation (DIT)
- Paper 16 – Stratagic Cost Management (SCM)
Group IV
- Paper 17 – Cost and Management Audit (CMAD)
- Paper 18 – Corporate Financial Reporting (CFR)
- Paper 19 –Indirect Tax Laws and Practice (ITLP)
- Paper 8 – Strategic Performance Management and (SPBV) Business Valuation
Electives
- Paper 20 (A) – Stratagic Performance Management and Business Valuation (SPMBV)
- Paper 20 (B) – Risk Management in Banking and Insurance (RMB)
- Paper 20 (C) – Entrepreneurship and Startup (ENTS)
Note: Students will be required to select any one of the three elective papers (20A/20B/20C) at the time of enrolment for the final course.
CMAS are driving force in all economic activities and has a great demand in all sectors including government, private , banking, education and so on. CMAs can work as Managing director, Finance director, Finance controller, Chief Financial Officer, Chief Internal Auditor etc. Not just in India, CMA has a wide scope in other countries too.
Any student who has completed 10th or 12th can appear for CMA foundation exams. Graduation in any stream other than arts is exempted from CMA foundation exams. Such students can directly enrol into CMA Intermediate. Students are required to complete the computer training and soft skills training. Students who have successfully completed CMA Intermediate can apply CMA Final.
Why Choose CMA USA?
The one of the much recognized global qualifications is the CMA USA, which will equip a professional with expertise in both domains of financial management and strategic business operations. All the other certifications are different because the CMA focuses much on management accounting, and is therefore very valuable for those who wish to pursue careers combining finance with business strategy. The Institute of Management Accountants, in whose hands is the examination, is respected worldwide and has a strong representation globally, which enables CMAs to work in various sectors around the world.
Career Opportunities for CMA USA Graduates
The CMA USA presents a wide array of career opportunities that relate to finance, accounting, consulting, and many more. As business companies increase their need to recruit people who can offer cost management and amazing insight into financial strategy, the demand for CMAs has elevated. Here are some career paths for the Certified:
Management Accountant
Financial Analyst
Cost Management Accountant
Chief Financial Officer (CFO)
Corporate Controller
A CMA USA would enable professionals to be able to work in multinational companies and smaller businesses. It would therefore make the person have an added advantage in that market. Generally, CMAs receive leadership positions owing to their good handling of financial strategy coupled with proper business performance.
Key Features of the CMA USA Program
CMA USA professional course The CMA USA offers a complete curriculum for gaining technical as well as strategic abilities. It mainly possesses the following characteristics:
Global Recognition: CMA USA is accepted globally as a certificate globally that can seek opportunities in the USA, India, the Middle East, and many more.
Strategic Focus: The curriculum defines strategic management and financial decision-making where the latest business needs take the forefront.
High Earning Potential: Is another benefit for CMA holders. This is because, as compared to higher management positions, professionals in such positions usually play important roles in formulating financial strategy.
Two-Part Exam Structure: The CMA exam is divided into two parts so that candidates can focus and prepare on particular areas from financial reporting to strategic planning.
Alignment with Global Standards: The Certified Management Accountant Course is aligned with the global best practice of knowledge equipping the candidates with skills which are relevant throughout the world.
CMA USA vs. Other Certifications
CMA USA has a few exclusive benefits over other accounting certifications. Old-style accounting qualifications focus on mere financial reporting and auditing, but there is an increasing concentration of management accounting applied in the CMA USA that raises it to a more strategic insight into business operations. Generally, this certification is ideal for anybody seeking jobs in financial strategy, risk management, or corporate leadership.
More importantly, although others, such as CA are bound to local or national laws, CMA USA is recognized globally. This, therefore opens the possibility for people with such certification to work anywhere else in the world.
How to Become a Certified Management Accountant (CMA USA)?
A CMA USA designation can only be obtained after passing the very rigorous CMA exam promulgated by the Institute of Management Accountants. The CMA course is separated into two parts:
- Part 1: Financial Reporting, Planning, Performance, and Control
- This chapter discusses financial planning, budgeting, forecasting, and cost management accounting techniques.
- Part 2: Financial Decision Making
- It emphasizes risk management, investment decisions, and financial strategy.
Eligibility
- Graduation
Employment opportunities
- Staff Accountant, Budget Analyst, Finance Manager, Treasurer, Cost Accountant, Financial Analyst, Controller, Chief Financial Officer, Internal Auditor, Senior Accountant, etc
Get In Touch
Take the first step towards a rewarding career in management accounting. Enroll today to boost your skills and earning potential in India and abroad. Contact us now for more details on the CMA USA program and career opportunities!
Frequently Asked Questions (FAQs)
Actually, a Certified Management Accountant of India would fetch around INR 5-12 lakh per year, which goes close to proportionate salary depending on the individual’s experience and industry.
CMA USA is most highly valued in India, particularly among multinational firms that require exposure to not only management but also to accounting knowledge.
CMAs are normally paid at the highest in the United States and at senior levels especially CFO or Financial Controller.
Certified Management Accountant average salaries in the USA can range from $60,000 to over $100,000 per year, depending on experience and location.
Indeed, it pays off, more so to practicing managers who intend to move into management and strategic positions. The CMA USA designation is prized by US employers not only domestically but overseas as well.