certified management accountant
Certified Management Accountant (CMA) Overview
As a respected leader within the global financial community, the IMA influences the concepts and ethical practices in management accounting and financial management worldwide. Consequently, the Certified Management Accountant (CMA) certification offered by the IMA is the ”gold standard” of qualification and expertise of those professionals engaged in management accounting and financial management.
CMA candidates need to pass 2 examinations.
Part 1 - Financial Planning, Performance, and Control
The Part 1 body of knowledge includes:
- Planning, Budgeting and Forecasting
- Performance Management
- Cost Management
- Internal Controls
Part 2 - Financial Decision Making
The Part 2 body of knowledge includes:
- Financial Statement Analysis
- Corporate Finance
- Decision Analysis and Risk Management
- Investment Decisions
Benefits of CMA Certification
Research indicates that the CMA designation leads to much faster career advancement. IMA certified CMA's have average compensation that is considerably higher than for non-certified professionals. The CMA's have a competitive advantage in the workforce through:
- Communicating broad business competency and strategic financial mastery
- Obtaining contemporary professional knowledge and develop skills and abilities that are valued by successful businesses
- Conveying commitment to an exemplary standard of excellence that is grounded on a strong ethical foundation and lifelong learning
Candidate Requirements
Research indicates that having the CMA or CFM designations leads to much faster career advancement and IMA certified members' average compensation is considerably higher than for non-certified professionals. The CMA and CFM member also has a competitive advantage in the workforce through:
- Communicating broad business competency and strategic financial mastery.
- Obtaining contemporary professional knowledge and develop skills and abilities that are valued by successful businesses.
- Conveying commitment to an exemplary standard of excellence that is grounded on a strong ethical foundation and lifelong learning.
Admission Requirements
- Be a member of the Institute of Management Accountants. You can submit an application for IMA membership with your application to enroll in the CMA program. Complete the certification information section on the IMA application and register for the CMA examination.
- Pass both parts of the CMA examination.
- Fulfill or expect to fulfill the Educational Requirements.
- Be employed or expect to be employed in a position that meets the Experience requirement.
- Be of good moral character.
- Comply with the Standards of Ethical Conduct.
Visit the IMA website at www.imanet.org for more information on education and experience requirements, fees, exam procedures, waivers, study guides and other aspects of certification.
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Institute of Management Accountants
Greater Philadelphia Chapter
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Review Courses
The Greater Philadelphia Chapter is pleased to partner with CMA University www.cmauniversity.com, a leading provider of CMA review courses. CMA University offers live courses delivered live via the Internet at convenient times for today’s busy working professionals. You can prepare for the CMA examination at home, at the office, while traveling, at a coffee shop….anywhere you can get an Internet connection.
CMA University’s review courses combine subject matter review, practice questions and problems, and access to instructors between classes. CMA University materials include workbooks and CD’s from Gleim Publications, a provider of CMA review materials for over 30 years.
• Format: Part 1 and Part 2 review courses consist of 8 online classes, typically once a week. Each class is 2 hours and 10 minutes long.
• CPE hours: 20 hours of CPE credit is available for each course.
• Cost: $950 per course; $1,700 if you register for two courses at the same time. Corporate discounts are available.
Greater Philadelphia chapter members can receive a $25 gift card for themselves and a referral bonus for the Greater Philadelphia Chapter when registering for their first course with CMA University. Enter the promotion code “IMA003” when signing up as a new user set.
For more information visit: www.cmauniversity.com