“The heights by great men reached and kept were not attained by sudden flight, but they while their companions slept, were toiling upward in the night”. CMA PROGRAM
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“The heights by great men reached and kept were not attained by sudden flight, but they while their companions slept, were toiling upward in the night”.
CMA PROGRAM
This is a Introduction to CMA Course and the details are gathered from various website and sources.
The timetable is prepared on the basis of Recommended textbook and Software
CMA COURSE
CMA= Certified Management Accountant
CMA certification targets corporate finance professionals requiring the skills related to management accounting
CMA certification indicates proven knowledge of a variety of business-related topics, which allows finance professionals to act more as strategic business partners than as “number crunchers”
What is CMA?
The CMA is a rigorous certification that requires demonstration of the CMA body of knowledge through a four part exam and through educational and experience requirements.
CMA certification also requires a commitment to continuing professional education.
More about CMA
Management Accounting is a professional discipline that has an integral role in formulating and implementing the organization’s strategy
What is Management Accounting?
Parts 1 and 2 are offered
January-February
May-June
September-October
When is the CMA offered?
Join the Institute of Management Accountants
Can join online at http://www.imanet.org
To Take the CMA Exam
Bachelors Degree in any area from an accredited college or university All transcripts must be submitted in english and show
the official seal of the college or university
OR
Score in the 50th percentile or higher on either the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). OR
Education Requirements for CMA
Professional Qualification comparable to the CMA –
Charted Financial Analyst (CFA)
Certified Internal Auditor (CIA)
Certified Public Accountant (CPA)
CAN TAKE THE EXAM AS A STUDENT
EDUCATIONAL REQUIREMENTS CMA
2 continuous years of professional experience in management accounting or financial management
Qualifying experience consists of positions requiring
judgments regularly made employing the principles of management accounting and financial management.
Such employment includes financial analysis, budget preparation, management information system analysis, financial management, management accounting, and auditing in government, finance or industry, management consulting, auditing in public accounting, research, teaching or consulting related to management accounting or financial management
Experience Requirements for CMA
$200 Certification Entrance Fee Includes
Credential review for educational qualification
Credential review for experience qualification
Electronic access to the CMA Resource guide to exam
preparation
Access to the Certification Listserv for peer-to peer
networking
Final Score Report
CMA Fees
Management Accountants are part of the management team, working within the organization at many levels: from top-level management to support-level accounting and finance professionals.
Management Accountants apply their knowledge and experience in accounting and financial reporting, budgeting, decision support, risk and performance management, internal control, and cost management.
Who are Management Accountants?
Great Time to Be entering Accounting Profession
• The employment of accountants and auditors is expected to grow double through the year 2016 according to the 2008-2009 Occupational Outlook Handbook from the US Department of Labor
Recognition of CMA Program
Worldwide recognized / Reciprocal arrangements
CMA equivalent to AICWA in India
Mobility across the Globe
Migration with ease (USA, CAN, AUS, NZL)
Career opportunities in MNCs
Comparably higher salary
Pride of highly acclaimed certification
Join IMA and abreast your knowledge
Motivation Factors
It is just 2 papers. FPPC, FDM
Each exam is 4 hours
Only 8 – 12 months (approx) to complete
Limited Descriptive format
Mostly Multiple Choice Format and two Short answers
No need for any preliminary preparation
Take one after one, Credit for pass papers
Exam in any prometric centre around the world
Carryover for Passed Subjects – 3 years
Candidates Pass rate is around 50% globally
Economical $6,000 vs. $20,000 (MBA costs)
IMA's CMA Learning System www.learncma.com Customer support: Phone: 800-638-4427 Fax: 201-474-1600 IMA offers an extensive toolkit to prepare you for the CMA
exam. The centerpiece of our self study offerings is the CMA Learning System (CMALS), featuring in-depth textbooks and an online practice test system available 24/7. Complementing the CMALS is the CMA Online Intensive Review (OIR), which provides an intensive self study review of key CMA exam topics. Select a specific product or combination of offerings depending on your learning preference. IMA also works with colleges/universities and international review course providers to offer high quality instructor-led sessions.
CMA Self-Study Courses
Gleim Publications, Inc. CMA Review P.O. Box 12848 University Station Gainesville, FL 32604 352-375-0772 or 800-87-Gleim www.gleim.com Gleim Publications has been helping candidates pass the
CMA exam since 1980, with the most cost-effective system combining books, Test Prep CD-Rom, audios, Gleim Online, and a Personal Counselor to GUARANTEE your success on the CMA/CFM exam!
CMA Self-Study Courses
HOCK international CMA Preparatory Programs P.O. Box 204 Oxford, OH 45056 USA 866-807-HOCK (4625) or 281-652-5768 [email protected] www.hockinternational.com The HOCK Distance Learning Program is a complete
preparatory program, covering in detail everything you need to know to pass the CMA exams on your first attempt. HOCK offers textbooks, flash cards, study software, audio recordings of live-taught classes, free updates, and teacher support via phone, e-mail, or our online forum.
CMA Self-Study Courses
Rigos CMA Review
James Rigos, CMA
CMA Review Manuals
230 Skinner Building
1326 Fifth Avenue
Seattle, WA 98101
206-624-0716
www.rigos.net
Textbooks, Video, Previous CMA Questions & Solutions, Computer Question Drills
CMA Self-Study Courses
ExamMatrix™ CMA Review
8392 S. Continental Divide Rd, Ste 105
Littleton, CO 80127
800-272-PASS (7277)
www.exammatrix.com
The ExamMatrix CMA Review has been the premier review course to busy working professionals for nearly two decades. We have the only review you need whether you're sitting for a single part or two parts! Money back Pass Guarantee. ExamMatrix software's unique instructional design allows you to focus on your weak areas.
CMA Self-Study Courses
Lambers CMA Review
203 Turnpike Street #120
North Andover, MA 01845
800-272-0707
www.lamberscpa.com
Complete CMA Review on DVD; workbooks and set of 1000 flashcards included.
CMA Self-Study Courses
Tutorial Group CMA Review
120 Paddock Drive
Columbus, NJ 08022
Contact: Edward H. Struzynski, CPA, CMA, CFM
Email: [email protected]
Phone: 800-435-3769
www.TutorialGroup.com
CMA Self-Study Courses
Exam Duration
Part Subject Hours
1 Financial Planning, Performance & Control 4 hours
2 Financial Decision Making 4 hours
Exam Format
Part Subject Time MCQ Essay
1 Financial Planning, Performance &
Control 4hrs 100 2
2 Financial Decision Making 4hrs 100 2
Planning Budgeting & Forecasting 30%
Performance Management 25%
Cost Management 25%
Internal Control 15%
Professional Ethics 5%
Financial Statement Analysis 25%
Corporate Finance 25%
Decision Analysis & Risk Mngmt.
25%
Investment Decision
20%
Professional Ethics 5%
Preparation Time Exam Planning
Chapter
Study & Prepare
Notes
Solving Book
Question Software Questions Theory
Solving Book
Question Software Questions Total
Study Unit 1 Budgeting Concepts and Forecasting Techniques 2 5 6 1 2 3 19 Study Unit 2 Budget Methodologies and Budget Preparation
2 5 6 1 2 3 19
Study Unit 3 Cost Management Terminology and Concepts
2 5 6 1 2 3 19
Study Unit 4 Cost Accumulation Systems 2 5 6 1 2 3 19 Study Unit 5 Cost Allocation Techniques 2 5 6 1 2 3 19 Study Unit 6 Operational Efficiency and Business Process Performance 4 5 6 1 2 3 21 Study Unit 7 Cost and Variance Measures
2 5 6 1 2 3 19
Study Unit 8 Responsibility Accounting and Performance Measures 4 5 6 1 2 3 21
Study Unit 9 Internal Controls I 5 5 6 1 2 3 22
Study Unit 10 Internal Controls" and Ethics for Management Accountants 5 5 6 1 2 3 22
Total Hours 30 50 60 10 20 30 200
Part 1 Exam Preparation Time Table
Hints for Exam Preparation
Increase your memory power
Design a personalized study plan that is customized to fit your busy
lifestyle
Eliminate the fear of failure by understanding the exam process
Decrease test anxiety by increasing your overall knowledge of the
exam process by referring various sources
Improve your study habits for the CMA exam.
Maximize the efficiency and effectiveness with which you study
Make a customized timetable and stick to it
The successful candidate will
Prepare an organized study plan
Use the proper study materials
Prepare own notes
Understand the formulae and apply in the given situation
Learn about the exam environment, the grading process, and
the exam requirements
Remain motivated throughout the study process
Use knowledge about the exam process to control the exam
Remain confident that you are better prepared than the
average candidate
Always believe that he or she can pass the CMA exam
Hints
Some of the Hints which will help to succeed in the exam are Mind mapping Notes for each chapter Formulae sheet for each chapter Shortcut calculations [email protected]
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