The CMA designation provides an objective measure of an individual’s knowledge and competence in the field of management accounting and financial management. CMAs have extensive career opportunities with MNCs in India and across the world.
CMA (USA)
CMA (USA)
The Highlights of CMA Qualification:
- Recognized by Institute of Management Accountants (USA).
- On an average 6-8 months time to qualify the exam
- 75% questions are “objective” type
- High global pass percentage
- Salary much higher compared to non-certified professionals.
- Eligibility to acquire ICWAI membership certification
Exam pattern
Part 1:
Financial Reporting, Planning, Performance, and Control (4 hours – 100 multiple-choice questions and two 30-minute essay questions)
1.1 Syllabus
- External Financial Reporting Decisions (15%)
- Planning, Budgeting and Forecasting (30%)
- Performance Management (20%)
- Cost Management (20%)
- Internal Controls (15%)
1.2 Duration
4 hours
1.3 Marks
500 (passing percentage 72%)
1.4 Question pattern
3 hours- 100 multiple choice question(weight-age 75%) and 1 hour- 2 essay type question(weight-age 25%).
Part 2: Financial Decision Making (4 hours – 100 multiple-choice questions and two 30-minute essay questions).
2.1 Syllabus
- Financial Statement Analysis (25%)
- Corporate Finance (20%)
- Decision Analysis (20%)
- Risk Management (10%)
- Investment Decisions (15%)
- Professional Ethics (10%)
2.2 Duration
4 hours
2.3 Marks
500 (passing percentage 72%)
2.4 Question pattern
3 hours- 100 multiple choice question(weight-age 75%) and 1 hour- 2 essay type question(weight-age 25%).