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United States Certified Management Accountant (US-CMA) is a professional certification credential in the management accounting and financial management fields. This course is offered by the Institute of Management Accountants (IMA), a USA-based institution that provides US-CMA certification. Moreover, only the authorized partners of the IMA can offer US-CMA coaching to the students. SISF is one of them.
The holder of the certificate possesses knowledge in the area of financial planning, analysis, control, decision support, and professional ethics. The students who secure the certificate are regarded as US-CMAs, a title synonymous with a subject expert in budgeting and budget forecasting, corporate investments, risk management and analytics, and Information Technology (IT). One might but is not limited to, become a chief financial officer (CFO), financial controller, financial analyst, management accountant, financial manager, and budget analyst.
US-CMA certification is granted by the Institute of Management Accountants (IMA), the professional organization of Accountants. US-CMAs need to adhere to a strict set of professional standards, besides clearing two levels of examinations. Let us discuss how to become a US-CMA and make your path in this valuable career.
As mentioned above, CMA certification is issued by IMA. Accordingly, the first requirement states that the prospect must have a detailed knowledge of accounting and business management. The second requirement requires the candidate to hold a Bachelor’s degree from an accredited college or university to apply for this course. Here are the eligibility criteria explicitly mentioned:
The students must submit their transcripts of bachelor’s degree to the IMA for verification, where the IMA will evaluate the same.
Note: In case if your college does not come under the accredited list, then you have to request the foreign credential evaluation committee to evaluate your transcript and accordingly submit their report to the ICMA. Next option is holding a professional certification. The IMA has specified a list of certification courses that fulfil the CMA course requirement. So you just have to keep checking the updated lists and accordingly ask your respective institution to send a letter that confirms your participation in that specific course to the ICMA authorities. In case if you are still in school and have not graduated yet, you can still qualify to take this course. All you have to do, is to give a proof to the IMA that you are student, by registering yourself for at least 6 credits per semester in that academic year. Thereafter you have to submit your degree confirmation letter to the ICMA within a duration of 7 years of clearing the CMA exams. Finally after clearing all the exams the Institute to Management Accountants (IMA) rewards a CMA certificate to the passing candidates.
United States Certified Management Accountant (US-CMA) comprises two parts that are:
Each exam consists of descriptive questions and two 30-minute essay questions. Candidates are allotted 3 hours to complete the section of multiple choice questions and 1 hour secondary for the essay questions.
Pursuing US-CMA classes in Rajasthan is often the choice of students who are interested in the subjects of corporate financial accounting and strategic management. Most individuals previously interested in pursuing the Certified Public Accountant (CPA) course pursue the US-CMA course since it covers topics beyond the scope of the former. While a CPA’s work is mostly limited to regular tasks like preparing audit reports and filing income tax returns, a US-CMA is more engaged in the management and high-level executive duties.
Just like other accounting certification courses, CMA course is considered as one of the most reliable courses due to its global recognition in several countries including the USA.
CMA is one of the high paying professions and the employers often reserve CMA for a high paying position. In a recent survey it was found that a CMA earns approximately 120% more than any other uncertified professional..
A CMA has more job opportunities as they are considered more versatile as compared to any other professional.
Employers mostly consider professionals who have both leadership and administrative skills for high-level posts. CMA program trains the students in strategic planning in decision making and budgeting, which are of utmost importance for a high level job.
We already discussed the number of attempts one has to take the exams. The US-CMA needs you to pass both exams within 3 years, after which the subscription renews.
CMA (US) teaching program offered by SISF, provides students an opportunity to become certified professionals in the accounting and finance industry. We provide both theoretical as well as practical knowledge in the accounting, management and finance thereby up- skilling the students and making them future ready. Unlike other international professional courses, CMA (US) convoys with your university teaching, and can be cleared in two parts within a time frame of less than 12 months. So, hurry up and join us now. For further details click here.
SISF is empirically the best institute to pursue US-CMA from. SISF boasts its expert faculty in the field which teaches comprehensive study material at flexible schedules with US CMA online classes and US CMA offline classes. The faculty is always ready to provide personalized support and prepare you for your exams through mock tests. We also believe in providing practical experience in addition to theoretical knowledge.
