World Library  
Flag as Inappropriate
Email this Article

Certified Management Accountant

 

Certified Management Accountant

IMA’s CMA® (Certified Management Accountant) certification is a professional credential that can be earned in the advanced management accounting and financial management field. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics, the skills most in demand on finance teams around the world. The CMA is a U.S.-based, globally recognized certification offered by IMA® (The Institute of Management Accountants).

CMA-certified professionals work inside organizations of all sizes, industries, and types, including manufacturing and services, public and private enterprises, not-for-profit organizations, academic institutions, government entities, and multinational corporations. To date, more than 45,000 CMAs have been certified in more than 100 countries. Employers can be assured that every CMA they hire has passed a rigorous exam, met an educational requirement, experience requirement, and demonstrated a commitment to continuous learning through Continuing Professional Education (CPE).

The CMA exam consists of 11 content domains organized into two exam parts.

Part 1 – Financial Reporting, Planning, Performance, and Control

  • External financial reporting decisions (15%)
  • Planning, budgeting and forecasting (30%)
  • Performance management (20%)
  • Cost management (20%)
  • Internal controls (15%)


Part 2 – Financial Decision Making

  • Financial statement analysis (25%)
  • Corporate finance (20%)
  • Decision analysis (20%)
  • Risk management (10%)
  • Investment decisions (15%)
  • Professional ethics (10%)


The CMA exams are conducted in English and Chinese. The English exams are computer-based and administered through the worldwide network of Prometric testing centers. Each exam part lasts four hours with 100 multiple-choice questions and two 30-minute essay questions. The CMA exams are given during the following three testing window periods: January/February, May/June and September/October. The Chinese CMA exams are paper-based, administered three times per year, also by Prometric.

Requirements
In addition to successfully passing the exams, to become certified, CMA candidates must fulfill education and experience requirements:

  1. Bachelor's degree from an accredited college or university
  2. Two continuous years of professional experience

For certified CMAs, 30 hours of CPE credits, including two hours of ethics, and annual IMA Membership are required to maintain active status.

See also

Notes

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.