CMA USA - Your Passport To a Global Career in Management Accounting
While there are a plethora of courses available, offering to educate and train aspirants for the CMA (Certified Management Accountant) course, the best ones are those which combine a holistic, student-centric approach with a balanced mix of learning, guidance, simulated tests and counseling. CMA USA is the gold standard certification that optimizes the core skills required for a promising career in Financial Account Management.
Understanding the significance of CMA USA
This Certified Management Accountant Course (CMA USA), offered by the esteemed Institute of Management Accountants is recognized in 170+ countries worldwide. As an auditor, financial professional or as a person interested in a flourishing career in Financial Accounting, CMA USA is the gold standard certification recognized by topline companies and recruiters all over the world. What this means is that once you are a certified CMA USA, your resume or profile has a high probability of catching the attention of top international companies.
The CMA USA certification equips you with the core skills required to become a holistic Financial Accounting professional at the top of your game. CMA USA subjects cover 12 core areas. These include External Financial Reporting Decisions, Planning, Budgeting & Forecasting, Performance Management, Cost Accounting, Internal Controls, Technology & Analytics, Corporate Finance, Decision Analytics, Risk Management, Investment Decisions and Professional Ethics.
Once you have completed the USA CMA course and are equipped with these skills, you will be in a position to play a crucial leadership role in reputed companies.
CMA USA Course Details
The USA CMA Syllabus is divided into two parts.
Part 1 - Financial Planning , Performance & Analytics
Part 2 -Strategic Finance Management.
It is mandatory for every person appearing for the USA CMA course to clear all the subjects.
Who is eligible?
To clear the CMA USA course you will have to fulfil the following criteria:
- Firstly, you must become a member of the Institute of Management Accountants (IMA) before registering for the exam. By becoming an IMA member you get access to study resources, networking and other benefits.
Mylogic is the Platinum Partner of IMA USA for the CMA USA program.
Criteria for IMA membership:
- Undergraduate degree from an accredited university
- Minimum 2 years professional experience or gaining the required experience within 7 years of passing the CMA USA exam
- Clear both Part 1 and Part 2 of the CMA USA exam
- Score at least 70% or higher - this means scoring at least 360 out of 500 in the exam.
- 2 years professional experience in Financial Management or Management Accounting. You can have this experience before appearing for the CMA USA exam or should meet this criteria within 7 years of passing the exam. Since CMA USA is a short duration program, we strongly recommend recent graduates with at least two years of work experience.
- Complete your professional Continuing Professional Educational (CPE) requirements to maintain your license and meet CMA USA eligibility requirements.
- Demonstrate high ethical commitment and ongoing professional development in professional accounting.
In addition to having at least two years of professional experience in management or management accounting and adhering to the IMA's Statement of Ethical Professional Practice, you must be a member in good standing with the organisation. If the certification test has just been completed, you will have an additional seven years to complete the expertise criterion.
CMA USA Syllabus
What it covers
The CMA USA exams are divided into two parts. Each part is for four hours.Here is a breakdown of the subjects and the weightage of marks.
CMA USA Part 1 Syllabus
US CMA Exam Topics
| Exam Topics |
Weightage |
| Cost Management |
15% |
| Internal Controls |
15% |
| Technology & Analytics |
15% |
| External Financial Reporting Decisions |
15% |
| Planning, Budgeting & Forecasting |
20% |
| Performance Management |
20% |
CMA USA Part 2 Syllabus
Syllabus for US CMA Exam Part 2
US CMA Exam Topics
| Exam Topics |
Weightage |
| Risk Management |
10% |
| Investment Decisions |
10% |
| Professional Ethics |
15% |
| Financial Statement Analysis |
20% |
| Corporate Finance |
20% |
| Decision Analysis |
20% |
CMA USA Course Fee & Duration
The CMA USA course fee has a slight variable depending on the applicant category.
US CMA Course Registration & Exam Fee for Professional Members:
- US CMA Entrance Fee (non-refundable) - $250
- US CMA Course Fee - $415 per part
US CMA Course Registration & Exam Fee for Students / Academic Members:
- US CMA course Entrance Fee (non refundable) - $188*
- US CMA Course Exam Fee - $ 311 per part
Modules for CMA USA
The CMA USA is divided into 2 modules to test the skills and knowledge which candidates need in order to be successful Certified Management Accountants.
CMA USA exams Part 1 and 2 focus on evaluating the candidate’s understanding and domain knowledge in management accounting. The entire module is structured in a manner that progresses from a basic foundational understating of the subject to a delving deep into it, with each level enhancing and building on the learnings in the previous module.
The 3 levels are:
Level A - This is the foundational level which guarantees fundamental knowledge and understanding of the subject
Level B - Adds application and analytical learning to the fundamental knowledge acquired
Level C - A cumulative learning of levels A and B, this level imparts learning of synthesis and evaluation skills
The MyLogic Approach - Why Us
The CMA USA coaching at MyLogic adopts a holistic approach combining a winning mix of teaching and learning methodologies and tools.
Since 2004, we have been imparting US CMA coaching to thousands of students and finance professionals.Our edge comes not only from years of experience but also from our partnerships with leading global institutions in the domain. We are Platinum Partners of IMA USA which ensures that our coaching is in the top league. We are also the official course provider of HOCK international who are reputed for top class study material and support for accounting and finance exam preparations.
In addition, we have an excellent alumni network who endorse the MyLogic approach to CMA USA coaching and attribute our approach to their current top level positions in leading corporations.
What makes our CMA USA coaching program a cut about the rest
- Eclectic mix of teaching, learning and interactive session
- CMA USA Online Classes
- Best e-learning experience through recordings, mock tests, ebooks and more
- Continuous revision and assessment tests
- Top course material
- Experience and trained faculty
- Professional counselors to hand-hold and guide students
- Animated videos for quick and easy comprehension of subjects
FAQs
How long does it take to become a certified CMA USA?
Once all requirements have been met, IMA, USA (Institute of Management Accountants) will award your license.The time frame will differ for each individual since it is entirely dependent on you fulfilling all requirements.
How can I pass the CMA USA exam on my first try?
Attend lessons on a regular basis, understand the course material, practice the whole question bank promptly, and take practice tests.
For CMA USA, how many hours of study are necessary?
You can easily pass the test in three months if you set up a study schedule that includes 14 to 16 hours per day and follow this regimen strictly. However, you must have a clear notion and practise every question in your program.
What happens if a person fails the CMA USA test three times?
There are no limits on the number of attempts, but they have to complete it within three years of registering.
In the CMA USA exam, which calculator is permitted?
Since Prometric’s often only permits non-programmable calculators, a basic calculator is preferred. Is being a CMA USA a wise career choice? Definitely! CMA USA degree is a worldwide recognised credential that will increase your employability in top companies across the globe.
Can I work a full-time job and still pursue CMA USA?
Yes, if you work a full-time job, you can still pursue CMA USA through online classes. Working Professional Batches are available, and you can select between online or hybrid sessions to fit your work schedule. You can even choose flexible exam dates.
What is the estimated time required to pass the CMA USA exams?
Students can finish the CMA USA course in nine to twelve months if they are committed and work on it constantly, with discipline and focus.
If I fail the CMA USA exams three times, what will happen?
You can retake the CMA USA tests if you fail them three times. You have three years to finish both sections of the exam after paying the entrance fee, and you are not limited in how many times you can do so.
What structure does the CMA USA test follow?
The CMA USA test lasts four hours and is divided into two sections, each with 100 multiple-choice questions and two 30-minute essay questions.
How long does it take to get the results of the CMA USA exam?
You can expect to receive the outcomes via mail approximately six weeks after the last day of the particular month in which you complete the exam. About fourteen days after the exam results are made public, candidates will receive their performance reports.
Is it possible for me to take the CMA USA test in any sequence for Parts 1 and Part 2?
Yes, you are free to decide which order to take Parts 1 and 2 of the CMA USA exams.
Who employs those who have cleared CMA USA?
Compared to comparable regional programs, CMA USA offers state-of-the-art career opportunities and positions. This is due to the fact that CMA USA job prospects span the commercial and public sectors, the manufacturing and service industries, academic institutions, non-governmental organisations, and, importantly, a variety of multinational corporations.
Is the CMA USA course good?
This is one of the best programs for students looking for work both inside and outside of India is the CMA USA program. CMAs can work as research analysts, cost accountants, financial analysts, finance managers, or financial C-suite professionals, and they frequently become experts in the accounting and finance departments of businesses.
After CMA USA, can I find employment?
Compared to comparable regional programs, CMA USA offers state-of-the-art career opportunities and positions. This is due to the fact that US CMA USA job prospects span the commercial and public sectors, the manufacturing and service industries, academic institutions, non-governmental organisations, and, importantly, a variety of multinational corporations.
Is CMA USA challenging?
The CMA exam is a demanding test that requires you to understand every topic in order to pass. You cannot pass it with little aptitude or minimal comprehension. The CMA USA exam has a reputation for being challenging, with pass rates rarely exceeding 50%. A number of distinct elements contribute to the exam's difficulty.
Does CMA USA have any value in India?
As a CMA USA, the prospects for a long and prosperous finance career are just as good in India as they are in the USA or anywhere else in the world.