Certified Management Accountant (CMA)

December 11, 2023

The Certified Management Accountant (CMA) certification is a prestigious credential offered by the Institute of Management Accountants (IMA). Geared towards professionals in the management accounting and financial management fields, the CMA program focuses on equipping individuals with the skills necessary to make strategic financial decisions, manage financial operations, and drive organizational performance.

Introduction:

The Certified Management Accountant (CMA) certification is a prestigious credential offered by the Institute of Management Accountants (IMA). Geared towards professionals in the management accounting and financial management fields, the CMA programme focuses on equipping individuals with the skills necessary to make strategic financial decisions, manage financial operations, and drive organisational performance. The CMA certification showcases a strong understanding of financial planning, analysis, control, and decision support, making it an asset for those seeking to advance their careers in management accounting and finance.

Key Points

A. Who Should Enrol?
CMA certification is valuable for anyone who aims to excel in management accounting and financial management roles, demonstrating a high level of expertise and commitment to professional development.

B. Topic Areas

Part 1: Financial Planning, Performance & AnalyticsPart 2: Strategic Financial Management
  1. External Financial Reporting Decisions
  2. Planning, Budgeting and Forecasting
  3. Performance Management
  4. Cost Management
  5. Internal Controls
  6. Technology and Analytics
  1. Financial Statement Analysis
  2. Corporate Finance
  3. Decision Analysis
  4. Risk Management
  5. Investment Decisions
  6. Professional Ethics

C. Exam Format

PartFormatTime
1Multiple choice questions and essay questions4 hours (3 hours for MCQ and 1 hour for Essay)
2Multiple choice questions and essay questions4 hours (3 hours for MCQ and 1 hour for Essay)

D. Exam Window

PartJan/FebMay/JunSep/Oct
1√√√
2√√√

Benefits

  • Career Advancement: Unlock higher-level roles like financial manager and CFO
  • Global Recognition: Gain opportunities worldwide with an internationally recognised credential
  • Strategic Expertise: Develop advanced skills for informed decision-making and risk management
  • Competitive Edge: Stand out, increase earning potential, and access diverse industries

Course Details:

Duration:

3 – 4 months per Part

Attendance:

100% attendance required

Assessments:

Periodic assessment and mock exams

Entry Requirements:

  • Bachelor’s degree or a professional accounting certification or
  • Successfully passed both Part 1 and Part 2 or
  • 2 years of work experience

Accreditation:

IMA® (Institute of Management Accountants)

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