CERTIFIED MANAGEMENT ACCOUNTANT (CMA)
Certified Management Accountant Certification is offered by the Institute of Management Accountants (IMA), US. It is a premium management accounting qualification recognized globally. CMA is a symbol of excellence in management and financial reporting positions. Certified Management Accountant program has two parts. CMA Part 1 is known as Financial Planning, Performance and Analytics and CMA Part 2 is known as Strategic Financial Management. In Industry, many of the finance and accounting designations are held by CPAs and CMAs.
IMA is the largest management accounting association in the world, with 140,000 members and over 300 professional and student Chapters in 150 countries.
The process of becoming a CMA affords you an opportunity to enhance your skill set. Passing the CMA Exam solidifies your status as a management accounting professional, and maintaining your certification requires you to complete continuing professional education, which allows you to continuously expand your expertise and stay on top of trends as they develop.
WHY CHOOSE CERTIFIED MANAGEMENT ACCOUNTANT
The Certified Management Accountant (CMA) certification offers many benefits. CMA certificate can help you move forward in a focused direction. It conveys that you are a proficient management accountant who can bring valuable insights and experience. CMA holders can be entrusted with significant responsibility. CMA also helps in increasing accounting knowledge and skill.
CMA holders earning potential is excellent as compared to non-certified peers. Companies retain talented individuals by giving them market-based remuneration, bonuses, perks, fringe benefits, vacations. Qualified individuals’ earnings are multiplied if he/she opens a consultancy, management accounting, or reporting firm. CMA certified deserves the respect of peers.
HOW TO PASS CERTIFIED MANAGEMENT ACCOUNTANT EXAM
Zain provides four things for each part of Certified Management Accountant Exam:
- CMA Study Guide – presented with questioning mind approach and also contains the true false statements,
- CMA Exam Questions – contains challenging questions for brain of higher IQ level,
- CMA Learning Videos – available for free from YouTube, and
- Muhammad Zain’s Personal Support and Guidance – ask unlimited questions till you pass the exams.
CMA Exam Study Guide and CMA Test Bank are available for subscription at nominal pricing. They are optimized for all screen sizes. The candidates will have access as long as they wish to. There are no time and device restrictions. Learning Videos are accessible from Zain Academy’s YouTube channel.
Muhammad Zain’s personal support and guidance are all complimentary till you pass the exams. You can ask as many questions as you wish to either through WhatsApp or Email and he will answer to the best of his ability. Zain Academy’s purpose is to create the best CMA Review Course at affordable pricing.
Zain CMA Review makes it easy to study anywhere. Access your course on your phone, tablet, or laptop. Look for nearby libraries, hotels, coffee shops, and restaurants with free Wi-Fi, a pleasing ambiance, and comfortable chairs. If your commute is long or you use public transportation, consider spending that time viewing video lectures.
CERTIFIED MANAGEMENT ACCOUNTANT EXAM PREP TIME
CMA Candidates are working executives. They have to allocate time for work, family, studies and personal leisure. The candidates are ready for each CMA Part in 3 months if they can give at least 3 hours on daily basis and 6 hours on weekends. CMA Certificate can be obtained in 6 months easily.
HOW TO GET CERTIFIED MANAGEMENT ACCOUNTANT CERTIFICATION
CMA has fewer entry barriers as compared to CPA. Candidates need at least a Bachelor’s degree from an accredited college or university and two years of relevant work experience. Work Experience declaration can also be submitted after passing CMA Exam Part 1 and CMA Exam Part 2.
CMA exams are non-disclosed. CMA Part 1 Exam and CMA Part 2 Exam have to be passed within three years of registration with IMA. If both parts are not passed within three years, the candidates will lapse the credit of any part passed and apply again to the Institute.
CMA exams are offered three times a year.
- Jan – Feb
- May – Jun
- Sep – Oct
The candidates can select any date of their choice from the above months, provided that the day must not be a weekend or a public holiday, and the timing of the preferred exam shall be within business hours. It is highly recommended to select your exam date and time as early as possible to get the preferred appointment.
Prometric Testing Centers administer CMA exams. They are present globally, but make sure that the center’s location is reachable for you. Candidates can schedule their exams dafter paying to the IMA.
Remote testing is also available 24/7. If you register for remote testing, while you won’t have to worry about finding a convenient location, you will still have to contend with limited availability on certain days and times, so register early!
The candidates will be tested for knowledge, comprehension, application, analysis, synthesis, and evaluation in exams.
CMA EXAM SCORING
A score of at least 360 is required out of 500 to pass the CMA Exams. Generally, this is 72%, but the passing score can be low or high, depending on the questions’ difficulty level. If the questions are of higher IQ level, the passing score can go below 360, but if the items tested are easy, passing criteria can go up from 360. MCQs and Essay Questions both have an equal weightage of 50% each.
CMA CERTIFICATION COST
Investment in CMA is one time but highly rewarding throughout life. The fees payable to IMA ranges between $990 to $1,475 depending on whether you are a student, academic or professional. To qualify for student discounts, you must either be enrolled as a full-time student in your senior year or a full-time graduate student.
Subscribe to Zain’s CMA Study Materials as they are economical, comprehensive, updated, and excellent.
IS THE CERTIFIED MANAGEMENT ACCOUNTANT EXAM DIFFICULT
The CMA Exam can be passed quickly if the candidates exhibit the traits of Excellency, Creativity, Passionate, and Patience in their preparation and, in particular, on exam day.
The Candidates must have a clear vision of their future. They must be able to define their purpose of life. The will to win, the desire to succeed, and the urge to reach full potential are the keys that will unlock the door of CMA Certification.
The reason that many candidates find it difficult to achieve the CMA is that they are not able to define their goals or ever seriously consider them as believable or achievable. Champions can tell you where they are going, what they plan to do along the way, and with whom they will be sharing their adventure.
Keep looking for creativity, and don’t settle for the less. You have that potential. It is just a matter of time that you explore and discover yourself. Once you find yourself and your capability, you will never be the same again.
CMA EXAM RESULTS
The exam result is generally received in 6 weeks after the month of attempting the part. The result of MCQ is calculated by computer, but essay questions are graded by subject matter experts offline. You will be given credits in Essay Questions for formulas, steps, calculation, analysis, evaluation, conclusion, even if your final answer is incorrect. So make sure to follow step by step approach in Essay Questions.
REMEMBER to facilitate the grader in Essay Questions. The more you facilitate him or her, the more likely your success will be.
Please read the CMA Candidate Handbook as available on the IMA website as it contains more points to comply with.
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