#us cma part1

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Unlock Leadership Potential with the US CMA Certification! 🌟

Did you know? The US CMA (Certified Management Accountant) certification is a global asset, verifying your expertise in financial strategy and management accounting. This certification is not just a qualification – it’s a key enabler for taking on leadership roles in the world of finance.

Why is the US CMA essential for your career? ✅ In-demand global certification in financial management. ✅ Boosts your credibility and strategic thinking. ✅ Helps in mastering key aspects of financial strategy and accounting practices. ✅ Makes you a top contender for senior roles and leadership positions globally.

FINAIM is your trusted partner in this journey. With our expert-led US CMA coaching, we help you build a solid foundation in management accounting. Take control of your career and move closer to your dream leadership role today!

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US CMA vs ACCA: What is the difference?

US Certified Management Accountant (US CMA) US Certified Management Accountant is a designation that signifies moxie in strategic operation and fiscal account. US CMA instrument builds on the proficiency of fiscal account by adding operation chops that aid in making strategic business opinions. IMA (Institute of Management Accountants) issues the US CMA instrument. US CMAs (Certified Management Accountants) work in the areas of operation decision- timber, fiscal analysis and planning. Numerous adjudicators, accountants, and fiscal judges earn the designation of US CMA to advance in their careers. Association of Chartered Certified Accountants (ACCA) The Association of Chartered Certified Accountants (ACCA) is a leading global professional account body innovated in 1904, which offers the Chartered Certified Accountant qualification to learners who want to make a career in finance. Individualities who are Chartered Certified Accountants must be members of the ACCA and also they must misbehave with certain fresh regulations similar as carrying liability insurance, having a rehearsing instrument,etc. Get to know more differences between US CMA and ACCA from the below videotape. Test Format of US CMA The US CMA test is fully motorized, and you can take this test at numerous Prometric centres each over the world. It’s essential to record the test dates in one of the testing windows. Choose which suits you. Testing Window Test Dates Jan-Feb 1st January to 28th February May-Jun 1st May to 30th June Sep-Oct 1st September to 31st October There are two corridor in the US CMA test conforming of 100 MCQs ( Multiple Choice Questions) and two essay scripts. One must have to answer 50 percent of the MCQs correct to unlock the portion of the essay questions. Note The multiple- choice questions are worth a weightage of 75 of your total score. There are two corridor in the US CMA test. Part1 – Fiscal planning, Analytics, and Performance . Part2 – Strategic Financial Management Each US CMA test is 3 hours long for MCQs and the alternate section is of one hour, which consists of essay type questions. So, the total testing duration is 4 hours. Question type No. of Questions Duration Avg Time per Question Multiple choice 100 3 hours1.8 twinkles Essay 2 1 hour 30 twinkles US CMA test (part1 part2) consists of 200 MCQs and 4 essay questions.

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Certified Management Accountant (CMA) Exam Structure

Certified Management Accountant (CMA) is a globally recognized credential with a special focus on management accounting and corporate finance. It takes persistence and hard work to attain CMA certification.

Let’s know the CMA exam format.

CMA Exam Format:

The CMA exam is completely computerized, and you can take this exam at many Prometric centres all over the world. It’s essential to schedule the exam dates in one of the testing windows. Choose which suits you.

There are two parts in the CMA exam consisting of 100 MCQs (Multiple Choice Questions) and two essay scenarios. One must have to answer 50 percent of the MCQs to open the portion of the essay questions.

Note: The multiple-choice questions are worth a weightage of 75% of your total score.

CMA Exam Content:

Let’s know more about the CMA exam parts.

Part:1 – Financial planning, Analytics, and Performance

Part:2 – Strategic Financial Management

Want to know the topics of each CMA exam part? Let’s move right in.

CMA Exam part-1:

Performance Management (20%)

Technology and Analytics (15%)

External Financial Reporting (15%)

Internal Controls (15%)

Cost Management (15%)

Budgeting, Planning, and Forecasting (20%)

CMA Exam part-2:

Decision Analysis (25%)

Investment Decisions (10%)

Financial Statement Analysis (20%)

Professional Ethics (15%)

Corporate Finance (20%)

Risk Management (10%)

CMA Exam Duration:

Each CMA exam part is 3 hours long for MCQs and the second section is of one hour, which consists of essay type questions. So, the total testing duration is 4 hours.

CMA exam (part1 + part2) consists of 200 MCQs and 4 essay questions.

Conclusion:

If you are planning to write the CMA exam, the above article helps you to know about the structure of the exam. Hope this article helps you. Any questions? Comment below.

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 CMA 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 CMA USA in India. Contact us@ 91 9390584166.

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CMA EXAM STRUCTURE

Certified Management Accountant (CMA) is a globally recognized credential with a special focus on management accounting and corporate finance. It takes persistence and hard work to attain CMA certification.

Let’s know the CMA exam format.

CMA Exam Format:

The CMA exam is completely computerized, and you can take this exam at many Prometric centres all over the world. It’s essential to schedule the exam dates in one of the testing windows. Choose which suits you.

There are two parts in the CMA exam consisting of 100 MCQs (Multiple Choice Questions) and two essay scenarios. One must have to answer 50 percent of the MCQs to open the portion of the essay questions.

Note: The multiple-choice questions are worth a weightage of 75% of your total score.

CMA Exam Content:

Let’s know more about the CMA exam parts.

Part:1 – Financial planning, Analytics, and Performance

Part:2 – Strategic Financial Management

Want to know the topics of each CMA exam part? Let’s move right in.

CMA Exam part-1:

Performance Management (20%)

Technology and Analytics (15%)

External Financial Reporting (15%)

Internal Controls (15%)

Cost Management (15%)

Budgeting, Planning, and Forecasting (20%)

CMA Exam part-2:

Decision Analysis (25%)

Investment Decisions (10%)

Financial Statement Analysis (20%)

Professional Ethics (15%)

Corporate Finance (20%)

Risk Management (10%)

CMA Exam Duration:

Each CMA exam part is 3 hours long for MCQs and the second section is of one hour, which consists of essay type questions. So, the total testing duration is 4 hours.

CMA exam (part1 + part2) consists of 200 MCQs and 4 essay questions.

Conclusion:

If you are planning to write the CMA exam, the above article helps you to know about the structure of the exam. Hope this article helps you. Any questions? Comment below.

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 CMA 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 CMA USA in India. Contact us@ 919390785925.

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CMA USA 2020 Exam Changes – an overview by Hieducare

The fields of finance and accounting are thriving in the current scenario. Be it insurance and real estate business or medical and health service sectors; the need to have an individual with broad nature of required skills and experience is ever-growing. This is where the CMA (Certified Management Accountant) comes into play.

A number of you might not be familiar with this particular field and related information. It would be beneficial for us to have a brief introduction of CMA before indulging ourselves into more in-depth information regarding the same.

Introduction to CMA USA

CMA is a certification in the fields of financial accounting and strategic management. Unlike others, it is a globally-recognized certificate that has a particular emphasis on corporate finance and managerial accounting. It is offered by Management Accountants (IMA).

However, awards are given out by another division that goes by the name of the Institute of Certified Management Accountants (ICMA). It is a division within IMA. New Jersey is the headquarters for IMA, and currently, it is available in a total of 140 countries throughout the world.

With such high expectations and skills, it is understood that one cannot become a certified CMA just out will. The CMA exam is precisely for this purpose. Initially, CMA was introduced by ICMA to assess a candidate’s knowledge and skills required for the role of management accounting. However, over the past few years, the functions of CMAs have changed; hence, it is only fair to have changes integrated into the exam as well.

One of the significant changes that one can see in CMA roles is regarding the reliance on software and technology that especially involves tasks regarding number-crushing. The testing agency is more focused in the direction of analyzing abilities and reporting on the said numbers.

In a nutshell, more centralization is given to strategic analysis and advising. Hence, changes made in the exam would reflect upon the above parameters.

The exam is conducted in two parts- Part 1 and Part 2. These parts would be affected by the changes that are said to be implemented from 2020 onwards. Let’s move on and discuss the differences in Part 1 and Part 2.

CMA USA 2020 Changes in Part 1 and Part 2

There have been changes in both the parts of the CMA exam. Let’s see them one by one.

CMA Exam Part 1 Changes

Beginning from 2020, Part 1 of the examination now includes a new section which is Domain F: Technology and Analytics. This section is said to constitute a total of 15% in the exam and would simultaneously undertake 52 Learning Outcome Statements (LOS).

For this change to be a part of this exam, the other already existing topics would be reduced in size. In this case; Domain B: Planning, Budgeting, and Forecasting would be cut down to 20% from 30%. Also, Domain D: Cost Management reduced to a total of 15% from 20% in the total coverage of the exam.

As mentioned earlier and with these changes; it can be understood that ICMA is placing more emphasis on the analytical skills in the CMA job profile. Also, mental functionalities like decision making and data reporting would be considered defining characteristics for the same. If close attention is paid to the changes; Internal Auditing would be scrapped away from Part1. Though the understanding of internal controls is quite essential; ICMA has clearly shown that the candidate should be indulged more in the management of controls.

Part 1 of the CMA exam will now be regarded as Financial Planning, Performance, and Analytics and is divided into the following six domains:

Cost Management – 15%

Internal Controls – 15%

Technology and Analytics – 15%

External Financial Reporting Decisions – 15%

Planning, Budgeting, and Forecasting – 20%

Performance Management – 20%

CMA Exam Part 2 Changes

Just like Part 1, Part 2 of the examination sees some new topics to be added and some others that would be scrapped away.

The Domain F: Professional Ethics now sees an increase in the total coverage of Paper 2 since newer topics are added. This domain is now strategically designed to assess the candidate’s on Learning Outcome Statements. These would involve psychological phenomenon such as groupthink, thought diversity, ethical leadership, and others.

These additions increase the coverage of Domain F by 5%; making it a total of 15%. Even though Domain C: Decision Analysis would not include any new Learning Outcome Statements, it is said to see an increase of 5%. This change would make its total coverage to a hefty 25%.

Of course, to add content; some content has to be removed. The significant reduction is towards Domain A: Financial Statement Analysis. It will no longer test the on off-balance-sheet financing, and its share in the examination has been reduced to 20%.

Also, from Domain B: Corporate Finance has suffered a loss in terms of numerous topics being taken down. This includes bankruptcy, tax implications of transfer pricing, and a few others. No such changes were made to Domain D or E., But Domain D has now been reduced 10% coverage in place of 15%.

Part 2 of the CMA Examination would now be regarded as Strategic Financial Management and would now include the following six domains:

Risk Management – 10%

Investment Decisions – 10%

Professional Ethics – 15%

Financial Statement Analysis – 20%

Corporate finance – 20%

Decision Analysis – 25%

New Structure of Preparation for CMA USA 2020

In case you have already started preparing for the CMA USA exam; I would suggest you pass the exam before the changes are implemented on 1st January 2020. Candidates can go online and have a look at the CMA exam dates.

Though the changes might look small, they are quite significant and would require special attention from the candidate. It would waste a lot of your time in case you study topics that would eventually be scrapped away from the exam. Better to test your knowledge on the information acquired so far and try learning new issues are being implemented from next year.

Though candidates might feel stressed due to these changes; but a piece of good news is coming their way. You have quite a considerable amount of time to study for the exam and have your CMA USA certification by the end of 2019.

Also, the CMA Exam Academy’s comprehensive study plan proves to be quite helpful in the final testing window that takes place on 1st September through 31st October. This is done to help aspirants pass the CMA exam in a stipulated period of 6 months.

So to say, with a comprehensive study schedule and one-on-one coaching classes; you are sure to clear this examination.

CMA USA 2020 FAQ’S

With ICMA gearing up for changes in the upcoming years, the readers might have few questions to ask. Have a look below to see if your query can be resolved here.

1) When is the last testing window available to take the current exam content?

For English Language Exam: September/ October 2019.

For Chinese Language Exam: 9th November 2019

2) When will be the updated exam be implemented?

 For English Language Exam: 1st January 2020

For Chinese Language Exam: April 2020 (Date yet to be decided)

3) Where can One find more information and content related to the revised portions?

The revised Content Specification Outlines for CMA and relevant Learning Outcome Statements are available. You can have a look at these links.

4) When is it possible to purchase the exam registration of CMA 2020?

For English Language Exam; registration starts after 16th February 2020 so candidates can purchase them after that.

For Chinese Language Exam; registration begins after 11th November 2019 so candidates can purchase them after that.

5) Is there a specific schedule for offering these exams?

Yes, in case the candidate wants to go for the English language exam, both Parts 1 and 2 will be given during the following testing window periods only:

January and February

May and June

September and October

For the Chinese language exam, both Parts 1 and 2 will be offered in April, July, and  November only.

For further queries, you can go online and search for them

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New Post has been published on http://www.stgeorgectr.org/2017/06/19/cma-us-part-i-1st-class-1-28-dec-15/

CMA US Part I [1st Class-1]-28-Dec-15

CMA US Part I [1st Class-1]-28-Dec-15 This class is a general introduction to the scope of CMA(USA) – part1 which covers Financial Reporting, Planning, … source

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🌟 US CMA vs CA: Which Certification is Right for You? 🌟 Thinking about advancing your career in finance? 🌐 It’s important to know your options when it comes to professional certifications. Two popular choices are CMA USA and CA (Chartered Accountant), but how do they compare? 🤔 💡 Why Choose CMA USA? The Certified Management Accountant (CMA USA) designation is globally recognized and focuses on management accounting, strategic financial management, and performance evaluation. It’s perfect for those who want to pursue careers in corporate finance, financial planning, analysis, and decision support. Key Benefits of US CMA: Global Recognition 🌍: The CMA is valued by companies worldwide. Career Growth 📈: Opportunities in top-tier finance and management positions. Higher Earning Potential 💰: CMAs tend to earn higher salaries compared to other finance professionals. 🔑 Why Choose CA? Chartered Accountants (CA) primarily focus on auditing, taxation, and financial reporting. It’s the ideal certification for those looking to specialize in public accounting or auditing roles. Why FINAIM is the Best US CMA Institute for Preparation: At FINAIM, we provide expert guidance and support for anyone looking to pursue the US CMA. With a comprehensive curriculum, experienced mentors, and the latest study materials, we ensure that you are fully equipped to pass your exams and succeed in your career. 📚💼 For more info VISIT: https://finaim.in/cma-course-in-delhi/ FINAIM ADDRESS: First Floor, Tewari House, 102 - B, Pusa Rd, Block 11, Old Rajinder Nagar, Rajinder Nagar, New Delhi, Delhi, 110005 PHONE NO: 087009 24049

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🚀 Did You Know?

The US CMA (Certified Management Accountant) is more than just accounting—it’s about financial strategy, decision-making, and business leadership. Since the 1970s, it has shaped top finance professionals, equipping them with skills in performance management, risk analysis, and corporate finance.

If you’re aiming for a high-growth career in management accounting, financial planning, and strategic finance, the US CMA is your gateway! And with FINAIM, your success is just a step away.

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What is US Certified Management Accountant (US CMA)

What is US Certified Management Accountant (US CMA) US Certified Management Accountant (CMA) is a designation that signifies expertise in strategic management and financial accounting. US CMA certification builds on the proficiency of financial accounting by adding management skills that aid in making strategic business decisions. IMA (Institute of Management Accountants) issues the US CMA certification. US CMAs (Certified Management Accountants) work in the areas of management decision-making, financial analysis, and planning. Many auditors, accountants, and financial analysts earn the designation of US CMA to advance in their careers.

Eligibility:

Given below is the eligibility criteria for the US CMA Exam:

In India, a candidate is eligible to prepare and give the exams after his 12th. However, he would get his certification after he finishes his Bachelor’s degree from a recognized university/college with 2 years of relevant experience. One must pass both the parts (Financial Planning & Analysis and Financial Decision Making) of the US CMA exam within 3 years in order to have the US CMA certification. Working professionals with more than 2 years of experience in Management or Finance can also apply. US CMA Exam Format:

The US CMA exam is completely computerized, and you can take this exam at many Prometric centers all over the world. It’s essential to schedule the exam dates in one of the testing windows. Choose which suits you.

Testing Window Exam Dates Jan-Feb 1st January to 28th February May-Jun 1st May to 30th June Sep-Oct 1st September to 31st October There are two parts in the US CMA exam consisting of 100 MCQs (Multiple Choice Questions) and two essay scenarios. One must have to answer 50 percent of the MCQs correctly to unlock the portion of the essay questions.

Note: The multiple-choice questions are worth a weightage of 75% of your total score.

There are two parts to the US CMA exam.

Part:1 – Financial planning, Analytics, and Performance

Part:2 – Strategic Financial Management

US CMA Exam Duration:

Each US CMA exam part is 3 hours long for MCQs and the second section is of one hour, which consists of essay-type questions. So, the total testing duration is 4 hours.

Question type No. of Questions Duration Avg Time per Question Multiple choice 100 3 hours 1.8 minutes Essay 2 1 hour 30 minutes US CMA exam (part1 + part2) consists of 200 MCQs and 4 essay questions.

Benefits of US CMA Certification:

Here are some of the advantages of having a US CMA certification:

1. Business Approval: US CMA certification is considered one of the best accounting certifications for management as it has a good amalgamation of accounting and business. In US CMA, you can learn all about business aspects, accounting concepts, and corporate governance. This is why candidates with a US CMA certification are often recruited for business decision-making roles.

2. Career Opportunities: US CMA brings multiple career opportunities. US CMA candidates can definitely get better higher-leveled positions as a fresher & also get more opportunities to move up the ladder in comparison with Non-US CMA peers. You would be managing the accounts being a US CMA, so you can achieve a higher position in the management as well.

3. Financial Growth: US CMA certification holders earn 67% more than candidates having just a bachelor’s degree. Also, they can be a part of the management team with good experience. Having a US CMA certification makes you eligible for good pay. The average annual salary of a US CMA in India would be around $10,687 in the US, and 8 lakhs INR in India according to payscale.com.

4. Global Opportunities: US CMA certification gives you a better understanding of finance, business, and accounts. US CMA holders get job opportunities all over the world. They are recognized at a global level. If you have a dream of working abroad, pursuing US CMA is the best choice.

Career Scope for US CMAs:

US CMAs work in accounting, corporate finance, and strategy teams in a company. They can parse data from many sources to inform performance improvement. Besides, they contribute to strategic business decisions.

Certified Management Accountant work experience can be summarized as follows:

Create strategies to improve various external and internal risks. Identify investment management opportunities. Arrange financing and funding options. Supervise lower-level accountants. Monitor and administer compliance. US CMA is in great demand in the Finance, Banking, Private, and Government sectors. In India, the most common industries to employ US CMAs include:

Educational Services Medical and health services Manufacturing Mining Construction Transportations Insurance and real estate Communications and utility services Employment Areas and Opportunities:

US CMAs are uniquely qualified for different positions in the industry. Here are the few job areas ofUS CMA:

Financial reporting Performance management Internal controls Planning and budgeting Cost management Investment decisions Profitability analysis Skills gained while pursuing the US CMA certification enable the professional to connect the concepts of accounting to finance applications. Moreover, US CMAs hone financial data analysis and accounting, which can be leveraged to make strategic business decisions and to improve performance. In addition, US CMAs are experts in budgeting and cost management.

Conclusion:

Hope this article helps you get a detailed insight on the US CMA certification, exam format, benefits, and career scope. Any queries? Please comment below.

SIMANDHAR EDUCATION Simandhar is the official partner of Becker and AICPA – The largest Training provider for US CPA, US CMA, IFRS and EA, HRCI courses in India.

Learn how to clear your CMA 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 CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CMA USA in India. Contact us@ 91 9390584166.

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Structure of the US CMA Exam

Often, it takes a lot of time and effort to achieve accounting certification, no matter which certificate you go for. However, of various accounting certifications, Certified Management Accountant or CMA is the highest level of accreditation in managing accounting and finance professionals.

US CMA: Overview The CMA certification is awarded by the Institute of Management Accountants (IMA), USA.

Meeting the CMA eligibility requirements and adding this sought-after credential to your name opens multiple opportunities.

US CMA is an official designation that only certified professionals can demonstrate their knowledge and professional skills. However, as the economy grows and becomes more complex, Certified Management Accountants (CMA) will play a more significant role.

There is a demand for certified management accountants since they are crucial in financing and helping businesses achieve their objectives. The CMA certification demonstrates that an individual has significant accounting knowledge and skills in accounting activities, including financial statements analysis, cost accounting, budgeting and planning, management, and investment decision.

Management accountants also work with external auditors to ensure that companies adhere to all laws and regulations about their finances. Thus, a CMA will help businesses make decisions about their future by providing options based on financial data.

If you are looking to become a US CMA, then you might want to look at the structure of the CMA Exam and different Parts of the CMA Exam.

What is tested on the CMA Exam? The Institute of Management Accountant (IMA) conducts regular studies to determine the scope of work CMAs are expected to perform. Institute of Certified Management Accountants(ICMA), the branch of IMA, uses this information to keep the CMA exam up-to-date.

ICMA reveals the documents: the Content Specification Outlines (CSOs) and the Learning Outcome Statements (LOSs) that serve as the Certified Management Accountant Exam syllabus.

Content Specification Outlines (CSOs) serves to

Establish the foundation for the development of each part of the US CMA Exam Ensure consistent coverage on each exam Communicate the details of the exam to the interested candidates and help them to prepare for the CMA exam Equip review providers with the information for their courses. Learning Outcome Statements (LOSs)

Specify the tasks a Certified Management Accountant should be able to perform within the context of CSOs Provide a specific and detailed explanation of the knowledge and skills successful US CMA candidates need to possess. In addition to the information specified on the CSOs and LSOs, CMA candidates are expected to possess a minimum level of business knowledge, including basic financial statements, time value of money concepts, and elementary statistics.

CMA Exam Format According to the guidelines of the Institute of Management Accountants, an aspirant must complete the Certified Management Accountant course within three years from the date of registration. A graduate in any discipline from a recognized college or accredited university

The CMA Exam is computer-based, making the US CMA course flexible to the candidates appearing to different levels of examination. Candidates can take the CMA Certification exam in 6 months out of 12 months. A CMA exam is divided into two parts (Part 1 and Part 2), and candidates do not have to take them in any specific order.

Each part of the CMA Exam is four hours long and consists of 100 multiple-choice questions (MCQs) that hold 75% of the weightage and two essay scenarios with 25% of the weightage.

The topics covered in the two parts of the CMA Examination are:

CMA Part 1: Financial Planning, Performance, and Analytics

CMA Part 2: Strategic Financial Management

US CMA Exam – Part 1 The six different sections and subsections of the CMA Exam Part1 include:

External financial reporting decisions (15%) Financial statements Recognition, measurement, valuation, and disclosure Planning, budgeting, and forecasting (20%) Strategic planning Budgeting concepts Forecasting techniques Budget methodologies Annual profit plan and supporting schedules Top-level planning and analysis Performance management (20%) Cost and variance measures Responsibility centers and reporting segments Performance measures Cost management (15%) Measurement concepts Costing systems Overhead costs Supply chain management Business process improvement Internal controls (15 %) Governance, risk, and compliance Systems controls and security measures Technology and analytics (15%) Information systems Data governance Technology-enabled finance transformation Data analytics Here is a high-level overview of what to expect from each section in US CMA Part 1

External financial reporting decisions The goal of financial reporting is to provide financial information that makes decisions. There is a need to consolidate data and CMAs are expected to further use the data for financial statements and their components.

Preparation of financial statements CMAs should use financial information to set long-term goals (and short-term goals that will help accomplish them) in service of their organization’s strategic plan or mission. This includes budgeting for proposed initiatives and forecasting how they will affect future revenues and expenditures.

Performance management CMAs must determine whether performance standards are being met concerning the operational goals of a company. This includes standard costing, flexible budgets, variance analysis, the balance sheet, etc.

Cost Management Being able to manage costs is crucial to goal setting and project management. Therefore, CMA will need an understanding of cost behavior, supply chain management, benchmarking, and product costing, etc.

Internal controls Internal controls are essential for companies to be able to maintain their integrity and reputation. It is the process of managing the company’s resources, personnel, financial activities, and information systems to achieve business objectives.

Technology and analytics CMAs understand the importance of technology and analytics to a business. This makes them a reliable partner when planning, implementing, and following up on significant changes in technology or processes that can affect a company’s performance.

US CMA Exam – Part 2 CMA exam part 2 focuses on financial decision-making to test the candidate’s business knowledge and skills. The Institute of Management Accountants (IMA) that offers the CMA certification summarizes the CMA part 2 into six different sections that include:

Financial Statement Analysis (20%) Basic financial statement analysis Financial ratios Profitability analysis Special issues Corporate Finance (20%) Risk and return Long-term financial management Raising capital Working capital management Corporate restructuring International Finance Decision Analysis ( 25%) Cost/volume/profit analysis Marginal analysis Pricing Risk Management (10%) Enterprise risk Investment Decisions ( 10%) Capital budgeting process Capital investment analysis methods Professional Ethics (15%) Business ethics Ethical considerations for management accounting and financial professionals Ethical considerations for a company or organization Let’s see the high-level overview of what to expect from each section of US CMA Exam part 2

Financial Statement Analysis Certified Management Accountants (CMAs) take the information reported in the financial statements and extrapolate data for decision-making. They need to understand and calculate the financial ratios. Advanced accounting knowledge is also a prerequisite for evaluating its operations and comparing them to the industry standard.

Corporate Finance Corporate Finance is the financial management of a corporation. It is concerned with allocating and reallocating capital to maximize corporate value in an efficient business manner. Therefore, CMAs should know how to raise and work with money, understand how organizations generate a return long-term, how exchange rates affect revenue, and how international diversification can offset the costs inherent to cross-border transactions.

Decision Analysis CMAs need a firm understanding of product-based decisions and employ cost-volume-profit and marginal analysis at an advanced level. Therefore, the CMA exam asks candidates to calculate a break-even point, calculate the effect of operating income on a make-or-buy decision, evaluate and recommend pricing strategies, etc.

Risk Management Risk assessment that involves different types of systematic and unsystematic risks is integral because risks are a factor in every high-level business decision. Therefore, for CMAs, understanding Enterprise Risk Management (ERM) generally (and more specifically, COSO Enterprise Risk Management) is required.

Investment Decisions A CMA is a company’s decision-maker for marketing and business development activities. They are responsible for making investment decisions by considering the marketing objectives and industry trends. CMAs must also be able to use the discounted cash flow (DCF) methods, net present value (NPV), and internal rate of return (IRR), to recommend project investments.

Professional Ethics Professional ethics will guide what is acceptable or not acceptable in terms of a profession. For Certified Management Accountants (CMAs), professional ethics is an important document that sets out the guidelines by IMA on how they should behave when they are in professional relationships with clients and other professionals.

What is the passing score of the US CMA Exam? The minimum passing score for the Certified Management Accountant (CMA)  Examination is 360 for both parts of the exam. The CMA exam score range is 0-500.

When can you take the CMA Exam? The US CMA exam is conducted in three two-month testing periods each year that include:

January and February May and June September and October To choose the date, time, and location, you should schedule your appointment at least four weeks in advance. Once you are registered, you must take the exam part during your assigned testing session, and for whatever reason, you are unable to give your exam within that particular period, you will have to pay another registration fee as you cannot reschedule the US CMA exam.

How can you register for the CMA Exam parts? To register for the US  CMA examination, you will need to

Register for a CMA testing window, Pay CMA exam fees, Select a Prometric testing center, Schedule the CMA exam appointment, and confirm your appointment. You must have registered for the CMA examination with ICMA and received your authorization letter before scheduling your testing appointment.

We at Simandhar Education hope you are clear with the information regarding the US CMA exam structure. However, check out our CMA FAQs if you are looking for specific information about the CMA exam.

Are you planning for a CMA certification and wondering about the best training institute? Contact us at Simandhar Education. We offer the most adaptive US CMA Review course that decreases your study time and increases your study efficiency. Why late? Achieve your dream career in management accounting with our US CMA live Interactive classes from anywhere in the world.

Want to know more about the Certified Management Accountant course? Get in touch with Simandhar Education, India’s Leading training provider for the US CMA course. For any queries, please mail us at info@simandhareducation.com or contact us at +91 7780273388.

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What is US Certified Management Accountant (US CMA)

US Certified Management Accountant (CMA) is a designation that signifies expertise in strategic management and financial accounting. US CMA certification builds on the proficiency of financial accounting by adding management skills that aid in making strategic business decisions. IMA (Institute of Management Accountants) issues the US CMA certification. US CMAs (Certified Management Accountants) work in the areas of management decision-making, financial analysis, and planning. Many auditors, accountants, and financial analysts earn the designation of US CMA to advance in their careers.

Eligibility:

Given below is the eligibility criteria for the US CMA Exam:

In India, a candidate is eligible to prepare and give the exams after his 12th. However, he would get his certification after he finishes his Bachelor’s degree from a recognized university/college with 2 years of relevant experience. One must pass both the parts (Financial Planning & Analysis and Financial Decision Making) of the US CMA exam within 3 years in order to have the US CMA certification. Working professionals with more than 2 years of experience in Management or Finance can also apply. US CMA Exam Format:

The US CMA exam is completely computerized, and you can take this exam at many Prometric centers all over the world. It’s essential to schedule the exam dates in one of the testing windows. Choose which suits you.

Testing Window Exam Dates Jan-Feb 1st January to 28th February May-Jun 1st May to 30th June Sep-Oct 1st September to 31st October There are two parts in the US CMA exam consisting of 100 MCQs (Multiple Choice Questions) and two essay scenarios. One must have to answer 50 percent of the MCQs correctly to unlock the portion of the essay questions.

Note: The multiple-choice questions are worth a weightage of 75% of your total score.

There are two parts to the US CMA exam.

Part:1 – Financial planning, Analytics, and Performance

Part:2 – Strategic Financial Management

US CMA Exam Duration:

Each US CMA exam part is 3 hours long for MCQs and the second section is of one hour, which consists of essay-type questions. So, the total testing duration is 4 hours.

Question type No. of Questions Duration Avg Time per Question Multiple choice 100 3 hours 1.8 minutes Essay 2 1 hour 30 minutes US CMA exam (part1 + part2) consists of 200 MCQs and 4 essay questions.

Benefits of US CMA Certification:

Here are some of the advantages of having a US CMA certification:

1. Business Approval: US CMA certification is considered one of the best accounting certifications for management as it has a good amalgamation of accounting and business. In US CMA, you can learn all about business aspects, accounting concepts, and corporate governance. This is why candidates with a US CMA certification are often recruited for business decision-making roles.

2. Career Opportunities: US CMA brings multiple career opportunities. US CMA candidates can definitely get better higher-leveled positions as a fresher & also get more opportunities to move up the ladder in comparison with Non-US CMA peers. You would be managing the accounts being a US CMA, so you can achieve a higher position in the management as well.

3. Financial Growth: US CMA certification holders earn 67% more than candidates having just a bachelor’s degree. Also, they can be a part of the management team with good experience. Having a US CMA certification makes you eligible for good pay. The average annual salary of a US CMA in India would be around $10,687 in the US, and 8 lakhs INR in India according to payscale.com.

4. Global Opportunities: US CMA certification gives you a better understanding of finance, business, and accounts. US CMA holders get job opportunities all over the world. They are recognized at a global level. If you have a dream of working abroad, pursuing US CMA is the best choice.

Career Scope for US CMAs:

US CMAs work in accounting, corporate finance, and strategy teams in a company. They can parse data from many sources to inform performance improvement. Besides, they contribute to strategic business decisions.

Certified Management Accountant work experience can be summarized as follows:

Create strategies to improve various external and internal risks. Identify investment management opportunities. Arrange financing and funding options. Supervise lower-level accountants. Monitor and administer compliance. US CMA is in great demand in the Finance, Banking, Private, and Government sectors. In India, the most common industries to employ US CMAs include:

Educational Services Medical and health services Manufacturing Mining Construction Transportations Insurance and real estate Communications and utility services Employment Areas and Opportunities:

US CMAs are uniquely qualified for different positions in the industry. Here are the few job areas ofUS CMA:

Financial reporting Performance management Internal controls Planning and budgeting Cost management Investment decisions Profitability analysis Skills gained while pursuing the US CMA certification enable the professional to connect the concepts of accounting to finance applications. Moreover, US CMAs hone financial data analysis and accounting, which can be leveraged to make strategic business decisions and to improve performance. In addition, US CMAs are experts in budgeting and cost management.

Conclusion:

Hope this article helps you get a detailed insight on the US CMA certification, exam format, benefits, and career scope. Any queries? Please comment below.

SIMANDHAR EDUCATION Simandhar is the official partner of Becker and AICPA – The largest Training provider for US CPA, US CMA, IFRS and EA, HRCI courses in India.

Learn how to clear your CMA 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 CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CMA USA in India. Contact us@ 91 9390584166.

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CMA Exam Structure | Simandhar Education

Certified Management Accountant (CMA) is a globally recognized credential with a special focus on management accounting and corporate finance. It takes persistence and hard work to attain CMA certification.

Let’s know the CMA exam format.

CMA Exam Format:

The CMA exam is completely computerized, and you can take this exam at many Prometric centres all over the world. It’s essential to schedule the exam dates in one of the testing windows. Choose which suits you.

Testing Window Exam Dates – 2020 Jan-Feb 1st January to 28th February May-Jun 1st May to 30th June Sep-Oct 1st September to 31st October There are two parts in the CMA exam consisting of 100 MCQs (Multiple Choice Questions) and two essay scenarios. One must have to answer 50 percent of the MCQs to open the portion of the essay questions.

Note: The multiple-choice questions are worth a weightage of 75% of your total score.

CMA Exam Content:

Let’s know more about the CMA exam parts.

Part:1 – Financial planning, Analytics, and Performance

Part:2 – Strategic Financial Management

Want to know the topics of each CMA exam part? Let’s move right in.

CMA Exam part-1:

Performance Management (20%) Technology and Analytics (15%) External Financial Reporting (15%) Internal Controls (15%) Cost Management (15%) Budgeting, Planning, and Forecasting (20%) CMA Exam part-2:

Decision Analysis (25%) Investment Decisions (10%) Financial Statement Analysis (20%) Professional Ethics (15%) Corporate Finance (20%) Risk Management (10%) CMA Exam Duration:

Each CMA exam part is 3 hours long for MCQs and the second section is of one hour, which consists of essay type questions. So, the total testing duration is 4 hours.

Question type No. of Questions Duration Avg Time per Question Multiple choice 100 3 hours 1.8 minutes Essay 2 1 hour 30 minutes CMA exam (part1 + part2) consists of 200 MCQs and 4 essay questions.

Conclusion:

If you are planning to write the CMA exam, the above article helps you to know about the structure of the exam. Hope this article helps you. Any questions? Comment below.

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 CMA 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 CMA USA in India. Contact us@ 91 9390584166.