Certified Management Accountant (“CMA”), USA
The Certified Management Accountant (CMA) credential, provided by the prestigious Institute of Management Accountants (IMA), is a globally recognized certification in Finance and Management Accounting.
Institute of Management Accounting (“IMA”, USA)
The Institute of Management Accountants (IMA) is a top group for financial professionals. They offer a unique title called Certified Management Accountant (CMA). The IMA aims to help people learn more about management accounting and finance and encourage ethics, corporate governance, and good business practices.
The IMA objective is to encourage learning and growth in management accounting and finance while promoting the highest standards of ethics and the best business practices.
With more than 140,000 members in 150 countries, IMA is one of the largest and most respected associations focused on advancing the management accounting profession.
IMA, in South Asia
The Institute of Certified Management Accountants (IMA) offers the certificate with a regional focus in South Asia, India, and the Middle East.
For numerous reasons, many students and professionals within India’s accounting and finance sector opt for IMA to pursue their CMA® certification.
CMA India – Job Opportunities
In India, those with CMA certification can benefit from their IMA membership by accessing various perks, getting professional help, and receiving guidance as they progress in their careers. CMA certification helps finance professionals understand financial management, planning, budgeting, decision-making, team management, client relations, and following rules and ethics. This helps them advance in their careers and become valuable company assets. CMA graduates are skilled at aiding their employers in reaching business goals through innovative financial management and decision-making.
CMA – Middle East
The IMA Middle East gives you access to the necessary resources to achieve your CMA® (Certified Management Accountant) certification. This includes various academic materials, recognized institutions across multiple countries, and top-quality training via our extensive network of partners.
IMA membership also allows for continuous professional development through IMA Career Resources. This resource offers a comprehensive collection of constant education courses, webinars, exam preparation materials, certification programs, and more.
IMA supports accounting and finance professionals in their journey to leadership with various services, from on-demand online resources and corporate support to career development tools and exclusive member benefits.
The CMA: Two Exam Parts Covering 12 Competencies
| CMA Part 1: Financial Planning, Performance, and Analytics | CMA Part 2: Strategic Financial Management | ||
| External Financial Reporting Decisions | 15% | Financial Statement Analysis | 20% |
| Planning, Budgeting, and Forecasting | 20% | Corporate Finance | 20% |
| Performance Management | 20% | Decision Analysis | 25% |
| Cost Management | 15% | Risk Management | 10% |
| Internal Controls | 15% | Investment Decisions | 10% |
| Technology and Analytics | 15% | Professional Ethics | 15% |
| Total | 100% | Total | 100% |
CMA, USA – Management Accounting Career
On average, 75% of financial professionals are employed in various business roles, such as management accountants, financial analysts, controllers, treasurers, and chief financial officers.
| Senior Management Roles | Management Roles | Senior Staff Roles | Staff Roles |
| CFO | Divisional Controller | Senior Financial Analyst | Financial Analyst |
| Controller | Director – Cost Accounting | Senior Accountant | Staff Accountant |
| Treasurer | Accounting Manager | ||
| VP – Financial Planning & Analysis (FP&A) | Financial Manager |
Source: https://in.imanet.org/ima-certifications/cma-certification
Courtesy: Dilpreet Kaur CGMA.CPA Au
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