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usanavydisabledveteran · 1 month ago

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Country Music has been in black folks "LANE" FOR OVER 200 YEARS. LEARN HISTORY LUKE BRYAN: BEFORE PUTTING YOUR FOOT IN YOUR MOUTH. Black women musicians such as Elizabeth Cotten & Etta Baker developed major country music guitar & banjo-picking styles: that are still used in country music today.

Valerie June is a Grammy-nominated artist who has her own brand of country music. Yola is a four-time Grammy-nominated country music artist. Reyna Roberts is talented black, female country artist. Tiera Kennedy IS a wonderful black female country artist. Tanner Adell is a talented black, female country artist. Ashlie Amber is a black female country artist: who has received favorable nods from the CMA & CMT. Julie Williams received the honor of CMT Next Women of Country Class of 2023. She is very versatile & talented with a bright future in country music.

Chapel Hart received the blessing of Country Music Legend Loretta Lynn shortly before she passed away. Chapel Hart is a talented trio.

Ray Charles, Deford Bailey, Charley Pride are 3 black people in the country music Hall of Fame. Black people brought country music to the USA via slavery with: 1. African banjo, 2. African Drums, 3. African guitar. 3 instruments still used in country music CURRENTLY!

Black musicians incorporated African melodies & traditions into country music. Black slaves found new ways to use the bow on the fiddle: that are still used in country music today. The steel guitar was invented by: Native Hawaiian man of color named Joseph Kekuku. Black Slaves found ways to combine the fiddle, drums, guitar, & banjo into ensembles that influenced & make up the very back bone & back beat of modern country music, bluegrass, & folk music.

AS country music became popular with white audiences, African American recognition wasn't acknowledged at all. Country music remains predominantly white & RACISTS.

Other Black artists besides BEYONCE: who've recorded country albums include: Ray Charles, Solomon Burke, Bobby Womack, Esther Philips, Otis Williams, Millie Jackson, MICKEY GUYTON, RISSI PALMER, THE WAR & TREATY, BRITTNEY SPENCER, MIKO MARKS, KANE BROWN, Tina Turner & MANY OTHERS.

Black people brought country music to the USA via slavery: SO COUNTRY MUSIC IS In OUR "LANE." I consider myself a patriot as a disabled USA Navy Veteran: & I served in the military with honor. It is sad: that as a black woman I'm good enough to serve in the military & possibly get killed or become disabled: but BLACK WOMEN ARE DISCRIMINATED AGAINST IN COUNTRY MUSIC. IT IS EVEN WORSE: BECAUSE BLACK PEOPLE BROUGHT COUNTRY MUSIC TO THE USA VIA SLAVERY. YOU CAN NOT EVEN PLAY COUNTRY MUSIC WITHOUT THE 1. AFRICAN GUITAR, 2. AFRICAN DRUMS, 3. AFRICAN BANJO. BLACK PEOPLE LIKE 1. DEFORD BAILEY, 2. RUFUS TEETOT PAYNE, 3. LESLIE RIDDLE, 4. RAY CHARLES, 5. CHARLEY PRIDE, 6. LINDA MARTELL, 7. LAMELLE PRINCE ALL HELPED CONTRIBUTE TO COUNTRY MUSIC. THE TIME TO END RACISM AGAINST BLACK PEOPLE & ESPECIALLY BLACK WOMEN IN COUNTRY MUSIC. STOP THE HATE NOW!

Racists have a problem in country music not Beyoncé. Ignorant, uneducated people who think country music is ONLY old white guys, beer, & tractors.

The founders of country music were enslaved African Americans: who brought the 1. African Banjo, 2. African guitar, 3. African drums to the USA along with Native Hawaiian Joseph KeKUKu who invented the steel guitar another staple of country music.

Country music was founded & rooted in the Black community. Racist Minstrel shows renamed the country music black people created as “hillbilly music:" which whites appropiated the country music that black people created even though country music can't even be played without the African instruments of the guitar, banjo, & drums. Country music was brazenly & blatantly stolen from African American Culture, hymns, & African American Slave, field songs.

The term cowboy was a name originally given to black slaves: who herded cattle & would wear cowboy hats, jeans, boots, & attire as they herded cattle for slave masters. Black slaves invented country music: & BROUGHT COUNTRY MUSIC TO THE USA VIA SLAVERY. Black people invented country music, banjo, drums, & guitar. Lesley Riddle was a black man: that wrote & created many songs with the Carter Family. There is a statue of Deford Bailey a black man that contributed to country music immensely in front of the Grand Ole Opry. RAY CHARLES ALSO CONTRIBUTED TO COUNTRY MUSIC. Rufus Payne aka Teetot taught country music, country singing, & country guitar playing to Hank Williams, a part Native American & White country music artist: who was told not to acknowledge his Native American roots nor his lessons from Rufus Teetot Payne. Charley Pride is a country music legend. LaMelle Prince was the first black lady, country artist. Ignorant racists: who don't know country music was brought to USA by black slaves along with the: 1. African Banjo, 2. African guitar, & 3. African drums are the problem NOT BEYONCE!

#black women country music

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economics-around-you · 3 months ago

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What Are The Advantages Of CMA USA Over CA?

What Are The Advantages Of CMA USA Over CA?

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After finishing your tenth and twelfth grades, it can be difficult to establish your interests and future professional path. If you have an aptitude for numbers and want to pursue a career in accounting, consider CA, US CMA, CPA, or CIMA. A CA or CPA degree is a preferable option for those who want to study accounting exclusively. However, if you are more interested in the management side of accounting, courses such as US CMA and CIMA are worth considering. If you’re unsure about the difference between accounting and management accounting, which makes it tough to pick between US CMA and CA, this guide can assist clarify your worries by differentiating between US CMA and CA and showing the benefits of choosing CMA USA / US CMA over CA

Before beginning with the advantages of CMA USA over CA let us first see what is CMA USA and CA.

What is CMA USA ?

CMA USA or commonly called US CMA. The Certified Management Accountant (CMA) credential is a professional certification in the fields of management accounting and financial management. It indicates that the holder has expertise in financial planning, analysis, control, decision support, and professional ethics and controlled by the board Institute of Management Accountants (IMA)

What is CA ?

Chartered Accountants (CA) are professional accountants qualified to perform various specialised tasks within the accounting field. Their typical responsibilities include auditing financial statements, filing corporate tax returns, and offering financial advice and controlled by the board ICAI – The Institute of Chartered Accountants of India

Now let us know more about CMA USA and CA Differences CMA USA CABoard IMA (Institute of Management Accountants)ICAI – The Institute of Chartered Accountants of IndiaCourse Duration 6-9 Months 5 Years Eligibility CriteriaThe applicant should have either a Passing mark sheet for class 12th.A National Diploma in Commerce or a diploma in Rural Service Examination from a recognized board. The applicant should have successfully completed their 10th and 12th examination to appear for the entry-level CA foundation course with a 50% aggregate score in 12th. Scope Financial Risk Manager Internal Auditor Cost Accountant CFOTaxation Advisory Internal Auditing Forensic Auditing Statutory Audit Actuary ProfessionalSalary INR 5 to 20 LPAINR 6 to 10 LPA

After knowing the difference between CMA USA and CA let us now know the advantages of CMA USA over CA

Advantages of CMA USA over CA

Short course with good exposure This short professional course can be completed in 6 to 9 months, depending on your learning pace and career goals. The US CMA program provides industry-relevant knowledge and strategic management skills, fostering both professional and personal growth. Upon successful completion, you could have the opportunity to work with multinational companies like Accenture, Big 4 audit firms, and US-based banks.

Globally accepted Unlike CA, the US CMA is a globally approved certification in North America, the Middle East, Europe, Australia, and some Asian nations. If you want to advance your career overseas, you should acquire a qualification that is recognised in your preferred country. One key factor for the recent surge in US CMA applications is the potential to work abroad.

Can be pursued after 12th You can enrol in this course right after completing your 12th standard and pursue it alongside your graduation degree. The US CMA course combines accounting and finance knowledge with a deep understanding of management strategies. Other globally recognized courses you can pursue after 12th grade include ACCA, CA, and the FRM course.

Be on the management side of business A Chartered Accountancy degree will largely focus your abilities and experience on accounting-related activities such as budgeting and taxation. With a management accounting degree, you’ll be able to make strategic decisions based on financial information.

Huge Demand in Indian Market as well If you’re contemplating CA because of its popularity in the Indian market, you might be shocked to find that the US CMA is also in high demand. Following the epidemic, many Indian businesses have begun to build financial teams led by skilled Certified Management Accountants who can strategically manage cash flows. The increasing demand for insurance policies and goods expands potential for US CMAs in India.

These are the few pointers that explain the advantage of choosing CMA USA over CA. Keeping the exposure, growth , duration , salary , job opportunities and few other essential factors in consideration CMA USA has more exponential growth over CA.

Conclusion :

Choosing between CMA USA and CA depends on your career goals and interests. If you are looking for a globally recognized certification with a shorter duration and a focus on strategic management, CMA USA is an excellent choice. It offers diverse job opportunities, high demand in both international and Indian markets, and the flexibility to pursue it alongside your graduation. In contrast, CA is a more traditional route with a focus on accounting and auditing, primarily within the Indian context. Both certifications have their unique benefits, but CMA USA stands out for those seeking a rapid and international career trajectory.

FAQs on advantages of CMA USA over CA

What is the primary difference between CMA USA and CA?

CMA USA focuses on management accounting and strategic decision-making, while CA emphasises auditing, taxation, and financial reporting.

Can I pursue CMA USA right after completing my 12th grade?

Yes, you can enrol in the CMA USA course after completing your 12th grade and pursue it alongside your graduation.

How long does it take to complete the CMA USA course?

The CMA USA course can be completed in 6 to 9 months, depending on your learning pace and career goals.

Is the CMA USA certification recognized globally?

Yes, the CMA USA certification is globally recognized in North America, the Middle East, Europe, Australia, and several Asian countries.

What are the job prospects for CMA USA in India?

CMA USA holders are in high demand in India, especially after the pandemic, as many Indian firms are building financial teams led by Certified Management Accountants to manage cash flows strategically.

#cma usa #cma #cma usa course #bangalore

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best-accounting-courses · 5 months ago

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How to Prepare for the CMA Exam? 5 Study Tips and Best Resources

The Certified Management Accountant (CMA) certification is a prestigious and globally recognized credential that can significantly enhance your career prospects in accounting and finance. Achieving this certification requires thorough preparation, dedication, and strategic planning. In this comprehensive guide, we will explore the essential details about the CMA exam, discuss the study tips and resources you need to succeed, and highlight the career opportunities available for CMAs in India and the USA.

CMA Exam Details

Subjects Covered: The CMA exam is divided into two parts, each focusing on critical areas of management accounting and financial management:

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: Strategic Financial Management

Financial Statement Analysis

Corporate Finance

Decision Analysis

Risk Management

Investment Decisions

Professional Ethics

Number of Exams: The CMA certification requires passing two exams, one for each part.

Marks and Passing Marks:

Each part of the exam is scored on a scale of 0-500.

A passing score is 360 or higher on each part.

Exam Frequency: The CMA exams are conducted three times a year during the following windows:

January/February

May/June

September/October

Placement Opportunities

In India: CMAs in India have excellent job opportunities in various sectors including corporate finance, accounting, strategic management, and consulting. Top multinational corporations, as well as Indian companies, seek professionals with the CMA credential for roles such as financial analyst, cost accountant, internal auditor, and management accountant. The demand for CMAs is driven by their expertise in financial planning, analysis, and decision support, which are crucial for driving business success.

In the USA: The USA offers abundant job opportunities for CMAs due to the high demand for skilled accounting professionals. To maximize job eligibility and career prospects, it is advisable to pair the CMA certification with a master's degree from a US university, such as a STEM-certified Masters in Accounting. This combination not only enhances your qualifications but also extends your Optional Practical Training (OPT) period, allowing you to gain substantial work experience in the USA. To learn more about this pathway, click on our Miles US Pathway program.

5 Study Tips for the CMA Exam

Create a Study Plan:

Develop a realistic study schedule that covers all the topics in both parts of the CMA exam. Break down the syllabus into manageable sections and allocate specific times each week for studying.

Stick to your plan and ensure you are consistently reviewing material and practicing problems. Consistency is key to retaining information and building confidence.

Use Quality Study Materials:

Invest in comprehensive study materials, such as textbooks, online courses, and practice exams. High-quality resources will provide in-depth explanations, practice questions, and mock exams to prepare you thoroughly.

Recommended resources include the IMA’s official study materials and the Wiley CMAexcel Learning System. These resources are designed to cover the entire CMA syllabus and provide ample practice opportunities.

Join a Study Group:

Collaborate with other CMA candidates to share insights, discuss difficult concepts, and stay motivated. Study groups can provide additional support, accountability, and diverse perspectives on complex topics.

Regular group discussions and collaborative study sessions can enhance your understanding of the material and help you stay on track with your study plan.

Practice, Practice, Practice:

Take as many practice exams as possible to familiarize yourself with the exam format and types of questions. Practice exams help you gauge your readiness and identify areas where you need further review.

Focus on time management by simulating real exam conditions during your practice sessions. Aim to complete practice exams within the allotted time to build your test-taking stamina and confidence.

Enroll at Miles Education:

Miles Education offers comprehensive CMA training programs that include expert guidance, study materials, and support throughout your preparation journey. Enrolling in a structured program ensures you receive the best possible preparation and increases your chances of success.

Miles Education’s proven track record and extensive resources, including experienced instructors and a supportive community of learners, can significantly boost your confidence and help you achieve your CMA certification.

CMA Job Eligibility

India CMA Job Eligibility: To be eligible for CMA jobs in India, candidates must meet the following criteria:

A bachelor's degree from a recognized institution.

Completion of both parts of the CMA exam.

Two years of relevant work experience in management accounting or financial management.

USA CMA Job Eligibility: To be eligible for CMA jobs in the USA, candidates must meet the following criteria:

A bachelor's degree from a recognized institution.

Completion of both parts of the CMA exam.

Two years of relevant work experience in management accounting or financial management.

It is advisable to pair your CMA certification with a master's degree from a US university to enhance job prospects. This combination can provide a competitive edge in the job market and open doors to prestigious roles in top public accounting firms. To know the procedure, click on our Miles US Pathway program.

Why Miles Education?

Miles Education, in collaboration with various US universities, has integrated business analytics into its accounting curriculum. This innovative approach has equipped Indian accountants with the skills necessary to succeed in the US job market. Graduates from Miles Education’s programs have successfully landed accounting jobs in America, often starting with salaries of $60,000 or more.

By providing comprehensive training and leveraging partnerships with top universities, Miles Education ensures that its students are well-prepared to meet the demands of US employers and advance their careers internationally. The combination of technical accounting skills and advanced business analytics training makes Miles Education graduates highly competitive and desirable in the global job market.

Conclusion

Preparing for the CMA exam requires dedication, strategic planning, and access to quality resources. By following these study tips and utilizing the best resources, you can effectively prepare for the CMA exam and advance your career in management accounting. Enrolling in a reputable training program like Miles Education can provide the support and guidance needed to succeed. With the right preparation, you can achieve your CMA certification and unlock numerous career opportunities in India and the USA. Start your journey today and take the first step towards a successful and rewarding career in accounting.

#cma course details #cma certification #cma course full form #Best cma institute in India #cma subjects #cma registration fees #cma course qualification #cpa course details #cpa certification #cpa course full form

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vishnuiasacademy · 3 years ago

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A Comprehensive Guide to US CMA Syllabus

US CMA Syllabus

The Institute of Management Accountants (IMA) USA offers the CMA USA, an advanced professional program in finance. 

There is a total of two exams: 

The title of the paper  Part 1: Financial reporting, planning, performance, and control are all aspects of financial management.  Part 2: Making Financial Decisions  The time allotted for the exam is four hours. There are two.  Exam window: 100 multiple-choice questions in three hours, plus two essay questions in one hour  Achieving a passing grade of 360 out of 500 points (each paper)  Exam months are January/February, May/June, September/October, and November/December.  Preparation time is expected to be 200 hours.  The exam is expected to take nine months to complete.  Percentage of those that pass: 35%  Part 1 and 2 of the US CMA Exam Syllabus 2021 are divided into two sections. The marks weightage assigned by IMA is shown as a percentage alongside the topic. Under each case, an estimate of study time is also offered.  

 USA CMA course schedule outline- Part I: Financial planning, performance, and analyticsare covered in this course.   Financial Reporting Decisions Made by Others (15 % ) Budgeting, planning, and forecasting (20% ) Managing Performance (20% ) Management of Costs (15% ) Internal Controls (15% ) Analytics and technology (15% )        Sl No Topic Marks Weightage Est Preparation Time Est Video Course Duration 1 External Financial Reporting Decisions 15% 40 hrs 25 hrs 2 Planning, Budgeting and Forecasting 20% 24 hrs 18 hrs 3 Performance Management 20% 16 hrs 11 hrs 4 Cost Management 15% 24 hrs 18 hrs 5 Internal Controls 15% 12 hrs 8 hrs 6 Technology and Analytics 15% 12 hrs 8 hrs                                                     

Part II: Strategic Financial Management Examine the financial statements (20% ) Business Finance (20% ) Make a decision (25% ) Risk Assessment and Management (10% ) Investment Choices (10% ) Professional Code of Conduct (15% ) Sl No Topic Marks Weightage Est Preparation Time Est Video Course Duration 1 Financial Statement Analysis 20% 16 hrs 11 hrs 2 Corporate Finance 20% 30 hrs 22 hrs 3 Decision Analysis 25% 15 hrs 10 hrs 4 Risk Management 10% 5 hrs 3 hrs 5 Investment Decisions 10% 9 hrs 6 hrs 6 Professional Ethics 15% 7 hrs 5 hrs Total 100% 82 hrs 57 hrs

USA CMA Part 1 2021 timetable in detail�� Financial Reporting Decisions Made by Others 

Balance sheet  Financial statements  Profit and loss statement  Changes in equity statement  Cash flow statement  Reporting that is integrated  Identifying, measuring, valuing, and disclosing 

Valuation of assets  Liabilities valuation  Equity exchanges  Recognized revenue  Calculation of earnings  The distinctions between US GAAP and International Financial Reporting Standards (IFRS)   After you’ve gone through the financial statements and cash flows, it’s time to move on to the next. A candidate should recognize the financial statements’ requirements, their primary components and categories, their benefits and drawbacks, and their consequences. One can also show that they understand the needs of each statement, the relationship between them, and how to prepare the reports. 

After you’ve gone over recognition, measurement, value, and disclosure, it’s time to move on to the next step. A candidate should distinguish between financial and operating leases, recognize capital transactions, and understand the variations between GAAP and IFRS, among other things. This is a simple portion, and most problems should be computational.

  Budgeting, Planning, and Forecasting 

Strategic planning

Long-term mission and goals  Tactics that are in line with long-term strategic objectives  Analytical techniques and models for strategic planning  The following are aspects of an effective strategic planning process:  Budgeting ideas 

Objectives for operations and performance  Features of a practical budgeting approach  Allocation of resources  Additional budgeting ideas  Forecasting methods 

Analysis of Regression  Examining the learning curve  Estimated worth

Methodologies for budgeting Business plans for the year (master budgets)  Budgeting for projects  Budgeting based on activities  Budgeting on a zero-based basis  Budgets that are updated regularly (rolling budgets)  adaptable Budgeting  Profit plan for the year and supporting schedules 

Budgets for operations  Budgets for money  Capital expenditure budgets  Strategic planning and analysis at the highest levels 

Earnings projections  Projection of financial statements  Cash flow forecasts  This section is divided into two parts: budgeting and financial planning. A candidate must compute several items such as the cost of goods sold, goods manufactured, and other items in this section. There are also a few conceptual issues to consider. This section goes into greater detail than the one before it. Although the ideas are simple, some questions can be lengthy.

Management of Performance

Cost and variance measures 

Actual and projected results comparison  Analyzing performance with variable budgets  Exceptional management  Standard costing systems are used  Examining differences between actual cost estimates Reporting segments and responsibility centers  Different kinds of responsibility centers  Charges for transfers  Organizational segment reporting Metrics of success  Profitability study of a product  Profitability study of business units  Profitability study of customers  Investment return  Earnings on a long-term basis  Problems with the investment base  Indicators of performance (KPIs) Key Performers indicators.  Balanced scorecard  Applicants are evaluated based on how performance is measured in a business. The great majority of evaluation tools should be familiar to those who work in a company’s accounting department. A few components, such as legal expenses, are more commonly used in manufacturing enterprises than in service-oriented businesses. 

Expense Control

Concepts of measurement 

Costbehaviorand cost objects  Actual and expected costs  Costs are standard  Full costing (absorption)  Direct (variable) costs  Costing of joint and by-products Costing methods  Estimation of job costs  Costing of the process  Costing is dependent on activity  Costing throughout a person’s life Overhead expenses  Overhead expenses, both fixed and variable  Overhead at the plant level vs. departmental overhead  Establishing the allocation base  Cost allocation for the service department Managing the supply chain  Techniques for resource management that are lean  Organizational resource planning (ERP)  Constraints Theory  Analysis and management of capacity Enhancement of business processes  Analyze the value chain  Concepts with added value  Analyzing, redesigning, and standardizing processes  Management based on activity  Concepts of continuous improvement  Analysis of best practices  The price of a quality analysis  Processes for accounting that are efficient  Candidates must perform a comprehensive series of computations in this portion, which incorporates multiple costing approaches. 

Internal Controls 

Risk, compliance, and governance 

Management philosophy and internal control structure  Policies for safeguarding and ensuring information.  Risk of internal control  Corporate management  Mandatory external auditsControls and security measures for the system  Accounting system controls in general  Transaction and application controls  Network management  Controls for backups  Continuity of operations planning  Internal control questions are nearly all applied in this field, and it’s not difficult to spot them. They can, however, be ambiguous. Picking as good as possible is difficult when a few appropriate responses appear to be partially correct. Don’t get frustrated if you finish this section quickly yet perform poorly on the training questions. 

Analytics and Technology 

Information systems are divided into two categories:  

(1) information systems and  

(2) accounting information systems. 

Enterprise resource planning (ERP) applications  Performance management methods for businesses Data management  Policies and procedures for handling data  The data life cycle  Anti-breach security measures Financial transformation aided by technology  The life cycle of system development  Automation of processes  Cutting-edge applications Information analysis  Intelligence for business  Exploration of data  Tools for analyzing data  Visualization of data  With the growing popularity of data analytics, the IMA has updated the syllabus to make it more current. Data Analytics gives finance professionals a glimpse into the field’s potential opportunities. 

Part 1 of the US CMA exam has a pass rate of 40%. A minimum passing score of 360 out of 500 is required. 

USA CMA Part 2 2021 schedule in detail-

Review of Financial Statements 

Financial statement analysis in its most basic form  

Financial statements of standard size  Statements of financial position for the same budgetary year financial ratios  Liquidity  Leverage  Activity  Profitability  Market Analysis of Profitability  An examination of revenue measurement  Revenue forecasting  Sales cost analysis  Cost-benefit analysis  Analysis of variation Special topics  Foreign operations’ impact  The impact of fluctuating prices and inflation  Changes in accounting treatment have an impact.  Accounting and economic principles of value and income  High-quality earnings  This section is quite similar to Part 1’s Section A, which looks into financial accounting. On the other hand, the point of convergence relies on analysis and comparison with the use of essential financial data and ratios. 

Financial Management of Corporations  Risk and Return  

Return Calculation  Different types of risk the link between risk and reward Financial planning for the long term  Interest rate structure over time  Different kinds of financial instruments  Capital costs  Financial instrument valuation Capital raising  Regulation and financial markets  Effectiveness of the market  Financial establishments  Initial public offers (IPOs) and secondary public offerings (IPOs)  Share repurchases and dividend policy  Leasing options Management of working capital  Terminology for working capital  Managing cash flow  Managing marketable securities  Management of accounts receivable  Inventory control  Different kinds of short-term credit  Managing short-term credit Business reorganization  Acquisitions and mergers  Restructuring in other ways International financial services  Exchange rates that are fixed, variable, and floating  Dealing with transaction risk  International trade financing  To succeed in this area, you must understand short- and long-term financial management and the benefits and drawbacks of main financial instruments. There will be a mix of conceptual and computational problems on the exam. The number of questions can be costly, but the computations are most likely relatively simple. 

Analysis of Options.

Breakeven analysis  Cost/volume/profit analysis  Profitability and different operation levels  Multiple product analysis Analysis of the margins  Sunk costs and opportunity costs  Marginal revenue and marginal costs  Pricing and special orders  Buy vs. make  Proceed with the sale or processing  Replace a segment with a new one.  Factors affecting capacity Pricing  Pricing techniques  Costing with a goal  Demand elasticity  Considerations for the product’s life cycle  Considerations on market structure  This section will put you to the test on how management accountants provide information and analyze the decision-making process. 

Risk Management 

Enterprise Risk

Risk Types  Identifying and assessing risks  risk-reduction tactics Risk management  To achieve its goal, organizational managers must recognize, survey, and respond to risks collectively. It is mainly concerned with the ERM model. You’re on your way to answering theoretical questions in this field. 

Decisions Regarding Investments 

Capital budgeting procedure 

Capital budgeting stages  Cash Flows in Steps  Income-tax implications  Assessing the level of uncertainty Methods of capital investment analysis • Present value (NPV)  • Return on investment (ROI) 

• Payback 

• Methods of investment analysis comparison 

This section discusses how management accountants assist in making critical decisions such as whether to continue speculating or choose amongst venture options. 

Professional Ethics  

Business Ethics.

Moral theories and values in business  Making ethical decisions Financial professionals’ ethical considerations  IMA’s Ethical Professional Practice Statement  The triangle of deception  Ethical issues are assessed and resolved. Organizational ethical considerations  Ethical culture and organizational factors  The IMA’s declaration “Values and Ethics: From Inception to Practice.”  Moral Leadership  Legal observance  Accountability for ethical behavior  Social responsibility and sustainability  The IMA Statement of Ethical Standards determines this section’s content. The criteria and gauges are brief and easy, so applicants should remember the titles of the four standards and, more importantly, how they are applied in real-world situations. 

The pass rate for section 2 of the US CMA is 50%. The base passing score is 360 out of 500. 

CMA Exam is a prestigious exam that is difficult to pass, but it will be advantageous if done so.  

What do CMAs do?  Professionals with the CMA certificate can pursue a range of operations and decision-making-related careers. Job opportunities and CMA salaries differ depending on a candidate’s years of experience and work background. 

 Financial Analyst  

Financial Analysts are a lower-level role for CMAs that monitor financial statements, write reports, analyze results, and make recommendations to increase corporate productivity. The CMA certification provides Financial Analysts with the confidence and expertise to complete the entire cycle, from financial report creation to making recommendations based on the gathered data.  

Accountant (Cost) 

Cost Accountants, as the name implies, gather, analyze, and report information on a company’s costs to identify inefficiencies that can be eliminated to save money. Cost accountants will develop the ability to do successful cost accounting and convey strategic plans to high-level executives for implementation during the CMA credentialing process. Average Wage: Cost Accountants earn an average annual pay of $62,207. 

Manager of Financial Risk 

Financial Risk Managers foresee future changes that could affect the company’s finances and make strategic plans based on their projections after obtaining the essential analytical and decision-making abilities through the CMA credential and relevant work experience. This position necessitates a strong foundation of analytical skills and mathematical proficiency. Financial Risk Managers earn an average salary of $99,949 per year. 

Controller of finances 

As one of the executives of the finance department, financial controllers work directly with Chief Financial Officers. This job mainly entails supervising other accountants and accounting managers, including transforming data into financial reports and developing a financial strategy. Because Financial Controllers are required to make strategic suggestions and oversee other accounting professionals, a CMA certificate is highly recommended for this position. Average Wage: Financial controllers earn an average annual pay of $108,651. 

Managing Director of Finance 

As the finance arm of the C-suite and typically reporting directly to the Chief Executive Officer(CEO), the Chief Financial Officer is in charge of a company’s financial choices. Financial reporting, financial forecasting, and company investments are all responsibilities of CFOs. This position’s leadership, communication, and analytical skills are part of the CMA credentialing process. A CMA or MBA is frequently required to achieve positions at this management level. 

Five Reasons to Become a CMA- We’ll look at five reasons to become a CMA for the time being. To see the benefits of the CMA certification, it’s vital to understand why other individuals receive it. When selecting a selection for yourself, though, you must consider your career path and what would assist you in getting there. 

The Certified Management Accountant (CMA) is the gold standard in management accounting. Your aunts and neighbours may not know what a CMA is, but it is a well-respected title in the corporate accounting world. It is regarded as the “gold standard,” indicating one of the most prestigious management accounting certificates available. It is also the world’s fastest-growing credential. Holding the top position in their area is a huge motivator for many people. 

It is arguably the most internationally recognized management accounting certification. The CMA is a high-level professional certification that assesses critical accounting and financial management abilities. This is especially significant in an expert setting. You will be a top contender for job openings when you have this distinction. 

The CIMA is the largest organization in this field, however. On the other hand, the CMA is growing faster than the CIMA worldwide. 

CMAs are compensated more. 

Let’s face it: we want to learn, but we also want to attain better-paying jobs. Thus, we need the certification. According to a comprehensive survey, CMA certification holders earn 67 percent more than non-certified colleagues. 

More is always a good thing, but how much more are we talking about? The global mean and median base CMA certification income can fluctuate from year to year, so keep track of the numbers. The figures, however, remain strong and appealing to potential Certified Management Accountants, suggesting that earning your CMA is still a good idea. 

As per the IMA, the worldwide mean base CMA pay in 2018 was $74,344, with a $66,000 worldwide middle base CMA pay. This will often rise year after year, so we should expect continuous gains in the years ahead. 

CMA skills are more practical for many 

According to various industry magazines, 80 percent of accountants end up in non-public accounting, and these professionals might benefit more from management accounting knowledge and skills. Furthermore, many dual CPA and CMA holders find the CMA’s materials more fascinating and valuable in their daily work. 

Again, it all depends on your professional goals. Still, the skills you’ll master as a Certified Management Accountant are widely regarded as the best in the business for the day-to-day duties you’ll face as an accountant. 

The IMA makes things simple for us. 

Unlike the CPA Exam, where qualifying for the exam might be more complex than passing it, the IMA (the CMA exam administrator) maintains everything easy, transparent, and organized for applicants. The IMA warmly welcomes international candidates, which offers the exam on hundreds of sites worldwide. 

Don’t get me wrong: the CMA isn’t easy to obtain due to the low entry hurdle. To qualify, applicants should have a four-year college education, finish a requesting test, and have two years of consistent administration bookkeeping experience. 

On the other hand, the IMA makes becoming a CMA as painless as possible. Candidates may concentrate on passing the exam and having a good time instead of becoming bogged down in bureaucracy and conflicting requirements from several state boards, as with the CPA certification process. Many people will profit significantly from this.

The CMA sounds fantastic, but how will it help me? 

All of the information may indicate that the CMA course seems appealing, but that does not imply that it is suitable for you. You are the only one who can truly determine that at the end of the day. However, I intend to provide you with various knowledge to aid in your decision-making. Let’s look at how the CMA certification can help you advance in your profession. 

Simandhar Education is one of the institutes that helps in the overall development of the student for achieving their dream and gives a paved way to a student in helping with CMA.  

Need more information on the US CMA course? Visit our website Simandhar Education and if you have any queries, please contact [email protected]

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Simandhar Education Simandhar is the official partner of Becker and AICPA - Largest Training provider for US CPA, US CMA , IFRS and EA courses in India. Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry Experts. We’re here to provide you with all the help that you need in order to ace your CPA, CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CPA Exam in India. Contact us@ 91 7780273388. Hurry up !! CPA exam now in India and Simandhar Education will help you to achieve it.

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invisorglobaleducation · 3 years ago

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How to become US CMA? The Complete Comprehensive Guide!

In the present-day scenario, more and more employers are looking forward to hiring employees with unique skillsets that are easily monetizable. Hence, it doesn’t come as a surprise that Certified Management Accountants are in high demand all over the world, and more so in the USA, Middle East, India, and China! If you too wish to join the bandwagon and make the most of the lucrative job opportunities that US CMA brings along, then you have landed at just the right page.

At, Invisor Education our team has developed unmatched expertise concerning CMA USA in India and can therefore offer you the best possible guidance regarding the same. So, let get started with the simple steps that you ought to follow to realize your dream of becoming a US CMA and earning an income that is more than just respectable!

Step 1 – Become an IMA Member

IMA or the Institute of Management Accountants is committed to the advancement of the management accounting profession, and therefore offers its members exclusive access to the CMA program. Becoming an IMA member is a rather simple task, and can be done via one of the four membership plans available –

IMA Student Members – This membership plan is available for existing students, currently studying in an accredited university or college. Students are given the option of picking from a One-Year or a Two-Year Membership. The fee for the One-Year Membership is just $39, while that for the Two-Year Membership is a reasonable $78!

IMA Professional Members – As the name suggests, this membership is only available for individuals who have completed their education and are aspiring to be accounting professionals. The professional membership fee for IMA is $230 per year, in addition to a one-time application fee of $15.

IMA Academic Members – This membership plan is designed for full-time faculty members of an accredited college, institute, or university, and $120 per year, in addition to a one-time application fee of $15. The membership offers many benefits including but not limited to – access to the IMA’s ethics curriculum, webinars, case studies, mentor program, research grants, and various other teaching resources.

IMA Staff Enrolment Programme – Under this plan, an organisation can go ahead and sign up 5 or more of its staff members at an impressive 15% discount on the IMA membership fee. This membership offers a myriad of benefits such as CMA Certification, peer networking, publications, research, IMA Career Center, and other discount offers.

Step 2 – Meet the Eligibility Criteria for US CMA

To be eligible for the US CMA Course you must have a bachelor’s degree from an accredited college or university. In addition, it can prove helpful if your bachelor’s is in finance, accounting, general business, or economics.

As far as work experience for CMA USA eligibility is concerned, you must have completed at least 2 consecutive years of full-time professional work, or part-time work for 20 hours a week for 4 consecutive years.

Step 3 – Prepare For The Exam

The CMA exam is a computer-based exam, which is essentially divided into 2 parts which are as follows –

Part 1 – Financial Planning, Performance, and Analytics

In this part, the marking of key topics is as follows –

External Financial Reporting Decisions – 15%

Planning, Budgeting, and Forecasting – 20%

Performance Management – 20%

Cost Management – 15%

Internal Controls – 15%

Technology and Analytics – 15%

Part 2 – Strategic Financial Management

In this part, the marking of key topics is as follows –

Financial Statement Analysis – 20%

Corporate Finance – 20%

Decision Analysis – 25%

Risk Management – 10%

Investment Decisions – 10%

Professional Ethics – 15%

Of course, preparing for the US CMA exam in India is easier said than done. Hence, we strongly advise you to take the help of a learning partner such as Invisor Global for the same. Studying under the guidance of professional experts is always beneficial in cracking the exams for both students as well as professionals. At Invisor, we have been the market leaders in offering unrivaled CMA training, with the assistance of an impressive array of alumni complete with practice-oriented training programs specially designed for you.

Step 5 – Choose the Exam Window

Every year, there are three exam windows that are available for you to attempt the parts in – 1st January to 28th February, 1st May to 30th June, and 1st September to 31st October! You have the option to either attempt both parts of the exam in one window or do the same across two windows. In order to prepare for each part more efficiently, we strongly recommend that you take both parts in different windows. Not only will it help you focus individually on each part, but will also enable added confidence!

Step 6 – Join the US CMA Program

After you have enrolled for IMA membership, you will be eligible to become a US CMA candidate by paying a fee of $188 (for Academic Members) and $250 (for Professional Members).

Once this non-refundable fee is paid, you will become a US CMA candidate, and your path to becoming a US CMA will get even shorter. Within 3 years of entering the US CMA program, you must complete both parts of the CMA exam, and pass them both. In case of failure to do so, you will be liable to repay the entrance fee in full and would need to retake both parts of the exam, even if you have passed one of them earlier.

It is also essential that you register, either for Part 1 or Part 2 of the CMA exam, within the first 12 months of enrolling for the US CMA program, failing which you will need to repay the entrance fee.

Keeping these restrictions in mind, it is ideal that you only enrol for the CMA program once you are fully prepared to take the exam, and are in a position to attempt at least 1 part of the exam right after enrolling.

Step 7 – Pay the US CMA Exam Fee

After you have enrolled for the US CMA program, you can then go ahead and pay the US CMA exam fee to take the exam. If you have an academic membership or a student membership with the IMA each exam part will cost you $311, if not you will be required to pay $415 for each part of the exam.

Step 8- Take the US CMA Exam

Both of these parts comprise a 3-hour dedicated Multiple-Choice Question section, followed by a 1-hour Essay section. While the MCQ section comes with 100 questions, the Essay section has 2 questions that need to be answered within the 1-hour window.

However, in order to be able to attempt the Essay section, you must answer 50% of the MCQs correctly, failing which you fail the concerned part of the exam and will need to retake the part again, by paying the US CMA exam fee in full.

It is also important to remember, that you need 50% of the MCQ answers to be correct in order to move to the next section; but in order to actually pass the exam, you must get a minimum score of 72% in aggregate of Essay and MCQ’s ie; 360/500 Scale.

Yet another noteworthy factor about the exam is that you cannot go back, once you have submitted the MCQ answers for scoring. Hence, it is important that you attempt as many questions as possible and only submit your answers once you’re fully confident that your score will be high enough for you to pass the part. That said, if you finish off the MCQ section in 2.5 hours instead of 3, you will be able to use the remaining 0.5 hours to complete the essay section. This implies you will have 1.5 hours to complete the essay answers instead of just 1!

We hope that you now have a clear idea pertaining to becoming a US CMA in some easy-to-follow steps. While the US CMA fees in India may come off as cost-intensive, rest assured that once you are a CMA there will be tens and hundreds of job prospects for you, all having one thing in common – a high salary! And before you know it, you will have gained extremely great returns on your investment and will be enjoying a respectable standard of living while also being able to revel in job satisfaction that only comes with a select few fields!

So, what are you waiting for? Make the most of this opportunity and become an IMA member today. Once you do, with the help of our distinct US CMA Training Courses here at Invisor Global you will be able to crack both parts of the exam with exceeding ease. Now, if this promise doesn’t captivate you, we don’t know what will!

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zelleducation · 2 years ago

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US CMA Syllabus and Paper Pattern

Certified Management Accountant (CMA) is a globally reputed certification course administered and offered by the Institute of Management Accountants (IMA), USA. The course helps students and professionals hone their problem-solving and strategic management skills.

The US Certified Management Accountant course syllabus narrows the gap between financial accounting and business management. It is a short course, but cracking the US CMA can be pretty challenging for many. For clearing the CMA, the first thing you have to do is understand the syllabus and paper pattern.

US CMA Syllabus 2022

Like the paper, the US CMA exam syllabus is divided into two sections. Part 1 consists of Financial Planning, Performance, and Analytics, while Part 2 consists of Strategic Finance Management. However, if a candidate cannot pass any of the papers, they will have to reappear in the examination.

Next, we will elaborate on the US CMA syllabus for you. With this, you can approach each section of the syllabus with a definite preparation strategy.

US CMA Paper Pattern

The US CMA exam is divided into two parts. Part 1 and Part 2. Each paper comprises 500 marks distributed over 100 questions. However, examinees must score a minimum of 360 on each paper to qualify for the programmer.

Read More: https://www.zelleducation.com/blog/us-cma-syllabus-and-paper-pattern/

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upliftpro · 3 years ago

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US Certified Management Accountant (US CMA course) by the Institute of Management Accountants (IMA), USA has been one of the most sought after qualifications around the world.

Earning the US CMA can give you the career boost as they have an excellent rate of absorption all over the world. Currently, US CMA has marked its presence in over 100 countries including the United States (US).

The US CMA course is pursued by students who are keen in learning budgeting and management accounting. The professionals with US CMA qualifications are preferred over other candidates, by multinational companies and established conglomerates.

Scope of US CMA course in India

US CMAs are important assets in all types of organizations. Completion of a US CMA course in India is possible and opens multiple ways to improve your financial skills & management qualities. They analyze operating results, review performance, audit operations, and resolve issues that enhance the strategic objectives of the organization.

CMAs appreciate the business approach for managing customer value, formulating strategies, and valuing equity. CMAs are value creators, not just merely accountants who adhere to compliance to the profession.

Corporates hire US CMA as they are considered experts in value creation and business strategy. Over the years, the prominence of the US CMA course has been rising fabulously. It is because of the economic growth in India and large foreign business markets. One of the greatest advantages of having US CMA certification is it will open many prospects for Indian candidates.

The key drivers for US CMA course in India include

A. Growth potential in the manufacturing sector and government efforts like “Make in India” to promote Indian manufacturer’s. In this context, US CMA is huge demand in India

B. As US CMA’s are considered as experts in business strategy and cost controlling, Management consulting firms like EY, KPMG hire US CMA as management consultants for restructuring services for industries.

C. Strengthening of banking especially in rural parts of India is a key driver for the need of CMA experts.

D. Growing demand for insurance products is an opportunity for US CMAs in India.

Benefits of US CMA course

US CMA is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, and Deloitte and so on for the managerial positions like financial controllers, Budget Analysts, Cost Auditors, Chief financial controller and many other high level positions.

Since they are in demand in various sectors for many skills, the US CMAs have immense job opportunities in India like those given below and a lot more related to Finance.

· Research Analyst

· Cost Accountant

· Legal Advisor

· Finance Manager

· Financial Analyst

· Management Consultant

· Cost Auditor

In India, a fresh US CMA candidate in India can get a starting salary of INR 4-8 lakhs per year. This can go up to nearly INR 80 Lakhs once you become a CFO of a company.

Median compensation of US CMA salary by various job roles

The latest Global Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that holding the US CMA certification helps to add value beyond the basic compensation. 90% of survey respondents with US CMA certification said that US CMA gives them more confidence to perform their job at a high level.

Further, 90% agree that the US CMA course helps them to work in all areas of the business, and more than 80% of respondents agree that the US CMA certification creates better career opportunities nearly, 95% would recommend the certification to a friend.

CMA least affected by COVID-19

The survey results on the impact of COVID-19 showed that CMAs were less impacted in their jobs than compared to non-CMAs. Further, 43% of respondents said that their salary was not impacted by the COVID pandemic, while 3% indicated their compensation increased.

It was noted that 30% of respondents indicated that their salary decreased due to the pandemic, while 19% received a lower or no bonus due to the pandemic.

The industries which got affected by the pandemic were wholesale and retail trade (68.6%), followed by construction (63.6%), public accounting (57.2%), and education (55.1%).

The industries with the lowest percentage of respondents indicating a negative impact include government (11.1%), agriculture (22.6%), and medical/health services (39.4%).

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center.

Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of our exclusive features include

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties

D. Affordable US CMA course fees with special discount in your IMA fees.

E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass

F. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session, IMA registration and job assistance.

Request for Live Demo class / contact at +91-8787088850 to book your seats now.