What Is a Certified Management Accountant (CMA)?
Certified management accountant (CMA) is an accounting designation that signifies expertise in financial accounting and strategic management. The professionals who obtain this designation are colloquially known as CMAs and are qualified for a variety of roles ranging from financial controller to chief financial officer (CFO). It is also issued by the Institute of Management Accountants (IMA), builds on financial accounting proficiency by adding management skills that aid in making strategic business decisions based on financial data.
The CMA Program consists of Two Exam Parts Covering 12 Competencies
CMA 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
CMA Part 2: Strategic Financial Management
20% Financial Statement Analysis
20% Corporate Finance
25% Decision Analysis
10% Risk Management
10% Investment Decisions
15% Professional Ethics
The 12 subjects of the CMA Program are designed and built on the foundation of 12 necessary competencies for a professional Management Accountant to contribute to value creation and value protection for businesses.
The course of Part 1 - Comprehensive U.S. CMA Exam Prep. on the online learning platform of Udemy will help students fully equip the necessary knowledge to participate and pass the exam with an ideal score (8.4/10).