HISTORY OF CMA-USA

Certified Management Accountant (CMA) is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, financial management, analysis, control, decision support, management accounting, Artificial Intelligence, and professional ethics. There are many professional bodies globally that have management accounting professional qualifications. The main bodies that offer the CMA certification are:

• Institute of Management Accountants USA (IMA);
• Certified Management Accountants of Canada;
• The Institute of Cost Accountants of India (ICMAI).

Since the Canadian body merged with the CPA Canada in September 2015, there are only 2 major global bodies that offer the CMA – IMA (USA) and ICMAI (India). However, the certification pathways for the two bodies – in terms of entry requirements, study syllabus and experience requirements are very different and will be explored at www.mycommerce.in

The U.S. based Institute of Management Accountants USA is one of the two global bodies that offers the CMA. Authorized partners of IMA can provide coaching to students for CMA USA. CMA (USA)-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 (USA), and multinational corporations worldwide. To obtain certification, candidates must pass a rigorous exam, meet an educational requirement, experience requirement, and demonstrate a commitment to continuous learning through continuing professional education (CPE).

Prior to 2010, the CMA exam was organized into four parts: Business Analysis, Management Accounting and Reporting, Strategic Management and Decision Analysis. Since 2010, the exam has been condensed into two four-hour parts, covering largely the same material as the former four-part exam with added emphasis on financial planning, analysis, control, and decision support. And In the Year 2020, there are some changes in the syllabus of CMA-USA of which importantly addition of the Technology and Analytics portion to meet latest industry standards.

 

WHAT IS CMA-USA CERTIFICATION:

The Institute of Management Accountants (IMA) USA offers the advanced professional programme in finance known as CMA USA. As of now, there are more than 1,40,000 CMA USA applicants spread throughout more than 150 nations. The IMA was founded in 1919, and certification began in 1972. The US CMA® Course is globally recognized, advanced-level credential appropriate for accountants and financial professionals in business. Achieving the US CMA demonstrates your professional Expertise in Financial Planning, Analysis, Control, Decision Support, And Professional Ethics – skills that are in demand by organizations around the world.

MY Commerce has partnered with Top MNC’s / Big 4’s / Overseas Universities to offer students and professionals the best-in-class official IMA® study material along with extensive classroom.

CMA-USA: – A Highly Demanded 🎯 Single Qualification which provides you a Highly Paid Professional Career 📜 in the Domain of Accounting, 🧾Finance, 💱 Auditors, 📋 Management Accountants, 🗃️ Cost Managers, Financial Controllers, IT Analytics 🖥️ in India and Abroad. 🌍 Only 2 Papers, 📑 MCQ Pattern, ✔️ No Negative Marking, 💯 Highest Passing result 🎯

ELIGIBILITY FOR CMA-USA

The IMA holds high standards for CMA candidates. And they enforce these standards in the form of the CMA requirements. The IMA lists 6 requirements in total:

• 

  Hold active membership with the IMA and Pay the CMA entrance Fee

• Fulfil the CMA education requirement
• Fulfil the CMA experience requirement
• Pass Part 1 and Part 2 of the CMA exam
• Comply with the IMA Statement of Ethical Professional Practice
• Complete the annual CMA CPE requirements

Additional Certification Requirements

 

In addition to successfully passing the exams, CMA candidates must fulfil education and experience requirements in order to be certified:

 

• Bachelor’s degree from an accredited college or university. (However, Undergraduate may attempt the exam and Submit the Bachelor degree within specified time)
• Two continuous years of professional experience employing the principles of management accounting and financial management including:
• For certified CMAs, 30 hours of CPE credits, including two hours of ethics, and annual IMA Membership are required to maintain active status. In September 2021, IMA announced the historic milestone of awarding 100,000 CMA certifications.

CMA USA SYLLABUS

The CMA (Certified Management Accountant) equips you with the skills you need to succeed in today’s world of finance and accounting. This globally recognized certification proves your mastery of the 12 most critical practice areas in management accounting, Financial Reporting, Budgeting, Financial Management & including:

 

The CMA: Two Exam Parts Covering 12 Competencies
CMA PART 1: Financial Planning, Performance, and Analytics				CMA PART 2: Strategic Financial Management
1	External Financial Reporting Decisions	15%		1	Financial Statement Analysis	20%
2	Planning, Budgeting, and Forecasting	20%		2	Corporate Finance	20%
3	Performance Management	20%		3	Decision Analysis	25%
4	Cost Management	15%		4	Risk Management	10%
5	Internal Controls	15%		5	Investment Decisions	10%
6	Technology and Analytics	15%		6	Professional Ethics	15%

CMA-USA EXAM DATES

You need to understand the CMA exam schedule in order to register for your exam dates. Maybe you’ve been studying for weeks (or even months) and you finally feel confident enough to book your exam testing date. However, it’s not possible to take the exam whenever you wish.

First, you must schedule your CMA exam within one of the testing windows. The good news about this is that the frequency of exam window is more as compare to other professional qualifications.

Furthermore, understanding the timeframe on the testing windows is important to your CMA exam schedule. There are currently 3 testing windows each year for the CMA exam, as follows:

Exam Dates: The part 1 and 2 are offered during the following Three Testing Windows. January-February, May-June and September-October Exam Windows.

Exam Scheduling with Prometric

For booking the exam of CMA-USA, the candidate needs to first pay the applicable Exam Fee (Unless provided with Student Scholarship) to the IMA-USA get the Authorisation Number, thereafter, the candidate will have to visit the prometric website for booking the exam. The Candidate will have to schedule their exam through Prometric Examination Centres, you can use their website to find the testing facility that is most convenient for you. For the majority of applicants, this is the most crucial initial step because deciding when to schedule the test and making the necessary travel arrangements are both crucial. The same dashboard may be used to confirm your test after you have scheduled it as well as to reschedule or cancel it. MY Commerce Professionals have a dedicated and experienced team of experts and counsellors who will assist every student for getting applicable Membership, Entrance Fee and Exam Booking and will also guide every aspect with regard to the Student Scholarship Nomination and Exam Booking, Documentation for verification on CMA-USA Exams without any cost.

CMA-USA, EXAM PATTERN and PASSING %

The Pattern of CMA-USA Exam is to test the candidate substantially (75% of the exam) through Multiple Choice Question Pattern (MCQ’s) comprising 100 MCQ Questions with No Negative Marking for wrong answers, along with 25% portion of the testing is through ESSAY type comprising 02 Questions. The total time allowed for one part exam is 04 hours, which is further divided into maximum 03 hours for MCQ Portion and 01 hour for Essay type Portion. Once the student finishes the MCQ Portion, the next Essay type window will open which is subject to average qualifying marks in MCQ portion.

In other words, the Total Time for exam is 04 Hours, Total Marks of Question Paper is 500 Marks and Total Questions in one part is of 100 MCQ’s and 02 Essays. And, Total Number of MCQ’s are 100 MCQ’s, (which is 75% of the total Portion), Time allowed for solving MCQ Portion is maximum 03 Hours and Total Number of ESSAY’s questions are 02 Essay Questions (which is 25% of the total Portion), Total Time Allowed for Solving Essay is 01 Hours.

The Passing criteria of CMA-USAA exams is to score total of at least 72% in each part which is equal to 360 Marks in Each Part. It may look like a high passing % comparing Indian professional courses passing % of 50%, but we want to make here clear that, this exam is not having any Negative Marking Pattern, which enables the candidate to attempt all the questions, even if he/she doesn’t know the exact answer. And till date, MY Commerce Professional has delivered Highest Success Passing % in the CMA-USA Course through our Comprehensive Batches in which most of the students has clear exams in their 1^st Attempt. Even many students from non-commerce background have cleared their exams in 1^st attempt.

To ensure the proper understanding the exam pattern and to excel in the final exam of CMA-USA to clear in the first attempt, MY Commerce Professionals is conducting CMA-USA, TEST SERIES which contains first topic wise tests then Chapter wise tests, then section wise tests and at last Full portion Comprehensive tests to ensure passing in 1^st attempt. We have experienced and subject expert team which will evaluate the answer sheets of these tests and will discuss the test result with the respective student and guide accordingly to improve the performance at the highest level. We conduct Physical Pen-Paper tests along with through Testing Software which is exclusively developed by our IT Team for CMA-USA exams to practice the same exam window of prometric center and its features.

SALARY AFTER CMA-USA

Now comes the most important question, “How much will you earn after CMA?”. Well, that depends on various factors like company size, your position in the company, experience level, etc. Listed below are the salary of CMAs in India from different perspectives.

The US CMA salary in India is high, and not just in India, CMAs earn a very good salary across the globe. You can check the same by going through the Global Salary Survey Report by IMA. It specifically states that CMAs have a 57% higher median base salary and 55% higher median total compensation than non-CMAs.

CMA Salary by Age & Years of Experience

Like every other certification and field, the salary of a CMA increases with experience. If you have just started out, you might not be able to draw a big amount, but after completing a few years, there’s no looking back.

CMA Salary by Region

No matter where you are in the world, if you are a CMA you don’t have to worry about anything because you’ll be earning the most competitive and growth-oriented salary.

CMA salaries by Job Role

Finance Managers and Financial Controller are the positions that you must look out for as they are the highest earning positions, but if you are starting out, it is quite possible that you might have to work at entry level.

 

WHY BECOME A CMA-USA

• CMA has International Global Recognition in 140+ Countries.
• It is one of the Highest level of Certification in Management Accounting and Financial Analyst.
• With increasing globalization, FDIs, outsourcing, off-shoring, US financial service MNCs in India and Indian companies listed in the US, CMAs with an international perspective are in very high demand.
• US CMAs believe their Qualification creates Career Opportunities and strengthens their ability.
• Career opportunities for US CMA’s can be in multi-national companies, financial services or consulting firms and US- based firms.
• CMA-US Certification will enable candidate with ACCA – UK / CIMA-UK etc. Examination Paper exemptions.
• No needs to travel outside India, Candidates are able to process and Write exams with any part of India.
• Only Graduation is needed to Start CMA- USA Carrier.
• World’s one of the Shortest Management Certificated Course which gives a worldwide Opportunities.
• Paper wise Writing of exams, students can write their exams as and when prepared.
• High Passing percentage as compared to others, due to MCQ & no negative marking Pattern.
• Undoubtedly, the CMA is a source of extensive career variety. Therefore, as a CMA, you won’t ever have to be bored with your job, and you qualify for a host of different positions.

 

QUALIFIED CMA-USA STUDENTS WHO PASSED IN 1st ATTEMPT   100% PLACEMENT BY MY COMMERCE INC.
CMA Shalini	CMA Vinay	CMA Ranjana	CMA Hashim	CMA Kshitija	CMA Amrendra	CMA Satyendra	CMA Rajeev
CMA Mohit	CMA Ekta	CMA Lavy	CMA Alok	CMA Yasashri	CMA Saurabh	CMA Lokesh	CMA Rakhi
CMA Raja	CMA Minal	CMA Varsh	CMA Akansha	CMA Siddharth	CMA Yusuf	CMA Dharmendra	CMA Vivek
							The Numbers are Many More than this Display. As These are the students who pass CMA in their 1st Attempt.
Mr. Harinam (Part 2)	Ms. Shalu (Part 2)	Ms. Riya (Part 2)	Mr. Anuj (Part 1)	Mr. Ryan (Part 1)	Ms. Rebecca (Part 1)	Mr. Yusuf (Part 1)