THE U.S. CERTIFIED MANAGEMENT ACCOUNTANT®

Advantages to pursue the U.S.CMA® with Talent WORKROOM: -

  1. Preferred Pricing to the Wiley GOLD CMAexcel Exam Review Course.

  2. HRDF Claimable Revision Classes (for HRDF contributors with terms and conditions apply).

  3. Chartered Accountants trainers with years of accountancy experience for your revision arrangement.

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FREQUENT ASKED QUESTIONS (FAQs)

1. ABOUT THE U.S. CMA®?

The U.S. CMA® (Certified Management Accountant) designation was developed in 1972 to provide an objective measure of an individual’s knowledge and competence in the field of management accounting.

  • Management accountants are vital to the financial health of organizations.

  • Management accountants make critical decisions, safeguard a company’s integrity, and plan for business sustainability.

  • Management accountants might be CFOs and controllers, budget analysts and treasurers, or one of many other game changers on internal teams.

  • Management accountants help drive an organization’s strategy and value amid an unpredictable market.

The U.S. CMA® exam aligns with the knowledge, skills and abilities that an accountant or finance professional in business uses on the job today—financial planning, analytics, control, and decision support. These skills are critical to the success of finance teams.

2. ABOUT THE IMA®?

  • The IMA® is one of the largest and most respected associations focused exclusively on advancing the management accounting profession.

  • The IMA® (Institute of Management Accountants) was founded in 1919 in New York, U.S.A with 125,000+ members.

  • The IMA® is 1 of 2 the IFAC member organization representing the United States of America.

  • The IMA® is present in 150 countries, and more than 300 professional and student chapters.

  • The IMA® is the only organization to offer the U.S. CMA® (Certified Management Accountant).

3. THE U.S. CMA® SYLLABUS

The U.S. CMA® syllabus is comprised of 2 Parts covering 12 competencies.

For more information, please click on the U.S. CMA® Learning Outcome Statements.

Part 1: Financial Planning, Performance, and Analytics

  • 15% External Financial Reporting Decisions.

  • 20% Planning, Budgeting, and Forecasting.

  • 20% Performance Management.

  • 15% Cost Management.

  • 15% Internal Controls.

  • 15% Technology and Analytics.

Part 2: Strategic Financial Management

  • 20% Financial Statement Analysis.

  • 20% Corporate Finance.

  • 25% Decision Analysis.

  • 10% Risk Management.

  • 10% Investment Decisions.

  • 15% Professional Ethics.

4. EXAM FACTSFILE

  • Sit either Part 1 or Part 2 independently.

  • 3 sittings per year (Feb, Jun and Oct).

  • Average 50% pass rate globally .

  • The U.S. CMA® examination is given in a computer-based format and is offered at Prometric Testing Centers located throughout the world.

  • On average, 12-18 months to complete both parts.

  • Up to 3 years allowed to complete both Parts.

  • 150 - 170 recommended hours of study per Part.

5. WHAT IS REQUIRED TO EARN THE U.S. CMA® CERTIFICATION?

To be eligible for the U.S. CMA® certification, you must fulfill all of the requirements: -.

  • Active membership in the IMA®.

  • Active U.S. CMA® entrance fee.

  • Satisfy the education qualification (see FAQ No. 6 & 7).

  • Satisfy the experience qualification.

  • Complete all required examination parts.

  • Comply with the IMA® Statement of Ethical Professional Practice.

For more information, please click on the U.S. CMA® Handbook.

6. UNIVERSITIES LISTS

Please check your qualification by clicking on the links below or contact us for verification: -

7. PROFESSIONAL QUALIFICATIONS LIST

Please verify your professional qualification below: -

Australia

  • Chartered Accountant (CA), Institute of Chartered Accountants in Australia

  • Certified Practicing Accountant (CPA), Australian Society of Certified Practicing Accountants

People’s Republic of China

  • Certified Public Accountant (CPA), The Chinese Institute of Certified Public Accountants

  • Qualified Accountant (QA) or Senior Qualified Accountant (SQA), The National Accountant Assessment & Certification Center (Semi-Senior and Senior levels only)

Scotland

  • Chartered Accountant (CA), The Institute of Chartered Accountants of Scotland

United Kingdom

  • Associate or Fellow (ACCA or FCCA), Association of Chartered Certified Accountants

  • Chartered Accountant (CA), Institute of Chartered Accountants of England and Wales

  • Chartered Member, Chartered Institute of Management Accountants Chartered Public Finance Accountant (CPFA), Chartered Institute of Public Finance and Accountancy

  • The Association of Accounting Technicians (AAT)

United States

  • Chartered Financial Analyst (CFA), CFA Institute

  • Certified Internal Auditor (CIA), Institute of Internal Auditors

  • Certified Fraud Examiner (CFE), Association of Certified Fraud Examiners

  • Certified Treasury Professional (CTP), Association of Financial Professionals

Other Countries

  • Bangladesh, Canada, France, Germany, India, Ireland, Japan, Kenya, Pakistan, Saudi Arabia, Sri Lanka, Switzerland and Taiwan.

8. ABOUT THE WILEY?

  • Trusted Name in Education (Over 200 years in accounting skills and knowledge).

  • Trusted Partners For Professional Accounting Bodies (AICPA, CFA and IIA).

  • Unlimited Access Until You Pass (enjoy unlimited access and free online updates with all course packages until you pass).

  • Quality Content (Access to relevant, up-to-date materials from leading experts).

  • FocusMe Technology (Predictive scoring for each topic and section assesses your exam-readiness).

  • Team of Accredited Industry Leaders (Partner with a team of leading accounting educators who share their real-world experience).

9. WILEY GOLD CMAEXCEL REVIEW COURSE

  • Wiley's Efficient Learning Platform (Bite-size lessons, exam planner, diagnostic exams, performance metrics, discussion, unlimited practice exams and more).

  • Engaging Video Lectures (66+ hours of bite-size video lectures).

  • Live Online Classes (Delivered by industry-leading instructors).

  • Expert Mentoring (1-on-1 mentoring from our team of accredited professors).

  • Unlimited Access Until You Pass.

  • 100% Coverage of the IMA® Learning Outcome Statements.

  • More Practice Questions Than Competitors (5,500+ practice questions, bonus test bank with 3,800+ questions and 16 essays).

  • Mobile App Access.

  • Official IMA Learning System Textbook (over 800 pages).

10. WHAT TO DO NEXT?

Please contact TalentWORKROOM for assisting you in clarification of these processes: -

  • The IMA® & membership registration.

  • The U.S. CMA® & examination registration.

  • The Wiley Gold CMAexcel Exam Review Course & registration.

  • Talent WORKROOM Revision Courses.

  • Fees & Quotation.

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