Introduction
The Certified Management Accountant programme is recognised worldwide and indicates your expertise in financial management and strategic planning. Prospective CMA candidates often face doubts over the most recent CMA certification pass rates to determine their chances of success. To receive this prestigious certification, candidates must pass two exams: Part 1 (Financial Planning, Performance, and Analytics) and Part 2 (Strategic Financial Management).
US CMA Course Details
US CMA course is an extremely prestigious certification and is often considered as golden ticket to finance and accounting. It provides access to high-paying professions, leadership positions, and international career chances. The CMAs are equipped with abilities to analyse financial data and make strategic decisions to drive corporate success leading to their high demand. As demanding as this certification is, it is equally challenging as well. Hence, pursuing this certification requires dedication and a well-thought-out strategy.
In today’s dynamic and competitive business market, the value of US CMA certification cannot be over emphasised. It’s more than just a piece of paper and a ticket to a better future.
Strategies for the US CMA Exam
- Understand the US CMA Exam Structure
Before going into your CMA study, you must thoroughly understand the exam framework. The US CMA exam is divided into two parts: Part 1 (Financial Reporting, Planning, Performance, and Control) and Part 2 (Financial Decision Making). Each section includes multiple-choice and essay questions. Knowing the arrangement and content of each segment will allow you to plan your study strategy more efficiently.
- Create a Study Plan
Effective time management is critical to CMA exam performance. Create a study plan that outlines your routine and includes particular topics to cover daily or weekly. Give additional time to difficult courses while allowing enough time for review and practice tests. Consistency in your study habits is critical.
- Use high-quality study materials
Invest in quality CMA review courses and study resources. These tools frequently contain video lectures, practice questions, textbooks, and mock tests. Choose products that are appropriate for your learning style and give full coverage of the CMA syllabus. Well-structured study materials can help you prepare more efficiently and effectively.
US CMA Course Syllabus
Here are the list of US CMA course syllabus given below
PART I- FINANCIAL REPORTING, PLANNING, PERFORMANCE, AND CONTROL
- External Financial Reporting Decisions
- Planning, Budgeting, and Forecasting
- Performance Management
- Cost Management
- Internal Controls
Duration – 4-hour Exam
- Marks – 500 (passing percentage 72%)
PART II- FINANCIAL DECISION MAKING
- Financial Statement Analysis
- Corporate Finance
- Decision Analysis
- Risk Management
- Investment Decisions
- Professional Ethics
Duration – 4-hour Exam
- Marks – 500 (passing percentage 72%)
US CMA Course Eligibility
Candidates are required to meet the following requirements for US CMA Eligibility
- Academic qualifications: A bachelor’s degree from an authorised college or university is necessary.
- Professional expertise: At least two years of expertise in managerial accounting or financial management are necessary. This experience must be obtained after completing the bachelor’s degree.
- CMA Programme: Successful completion of the CMA programme, including passing the CMA exam and remaining a member of the Institute of Management Accountants (IMA).
- Exam Registration: Candidates must register for the exam through the IMA and pay the exam fee.
Candidates may take the exam before achieving the academic and experience requirements, but they must complete them within seven years of passing the exam.
Moreover, people from all across the world can pursue the CMA certification. Candidates who do not speak English as their native language must demonstrate English ability by passing an approved English language competency exam.
US CMA Course Fee
The fee for CMA USA varies between professional and student/academic members of IMA. The following tables explain the US CMA course fee details.
For Professional Members | Cost |
CMA Entrance Fee (Non-refundable) | $280 [INR 21,000 – 22,000] |
Exam Fee | $460 per part [INR 35,000 – 36,000] |
For Student/ Academic Members | Cost |
CMA Entrance Fee | $210 [INR 16,000 – 17,000] |
Exam Fee | $345 [INR 26,8000 – 27,000] |
Cracking the US CMA exams demands hard work, dedication, and smart planning. Understanding the exam structure, making a study strategy, employing high-quality study resources, focusing on practice questions, mastering time management, getting professional help, and maintaining a good attitude can all help you succeed. With determination and the appropriate techniques, you can join their ranks and pursue a rewarding career in management accounting.
Avinash College of Commerce, a renowned name in commerce education and professional growth, enthusiastically supports the CMA journey and offers comprehensive guidance to prospective applicants. The CMA is commonly referred to as the Holy Grail of accounting and finance certifications, and it is highly valued by organisations and talent recruiters worldwide with Avinash College of Commerce, you can be assured of the finest guidance in your CMA journey.
