CMA Set the standard. How far will you go?
Set the standard. How far will you go?
The CMA (Certified Management Accountant) credential demonstrates your mastery of management accounting knowledge and skills. It assures employers of your competency on the job to improve organizational performance. Exclusively for IMA (Institute of Management Accountants) members, the CMA credential drives the career potential of candidates beyond their peers. The CMA credential is... Prestigious Self-selected credential earned through testing. Professional IMA s Salary Survey shows strong career growth and greater earning power. Rigorous Testing, education, job experience, and continuing education requirements. Empowering Promoting your credential allows you to become a leader in your profession. Competent Attests proven on-the-job skills. See how you can set the standard with the CMA
Measuring What Matters The CMA program is designed specifically to validate mastery of the advanced skills required to manage finance functions within an organization, enabling you to deliver value in today s complex business environment. There are two parts to the CMA exam. Each part is four hours, and they can be taken in any order. The exam is structured as follows: PART I - Financial Reporting, Planning, Performance, and Control External Financial Reporting Decisions Planning, Budgeting and Forecasting Performance Management Cost Management Internal Controls PART II - Financial Decision Making Financial Statement Analysis Corporate Finance Decision Analysis Risk Management Investment Decisions Professional Ethics By focusing on advanced accounting and financial management skills, the exam is rigorous yet in line with on-the-job practice to help you perform better.
The CMA measures competency in these advanced skill sets Financial Planning Risk Analysis Internal Controls Financial Decision Making
Delivering a High ROI The CMA is a time-efficient and cost-effective certification program with the potential to deliver significant return on your investment. Consider the facts: Around the world, professionals with a CMA earn at least one-third more in average total annual compensation than their noncertified peers.* The total cost of the CMA program is approximately $2,500. The CMA program lets you proceed at your own pace, allowing you to earn your CMA in 12 months or over the course of three years. *IMA Salary Survey, www.imanet.org/salary_survey, June 2014.
Around the world, CMA-certified professionals earn at least one-third more than their noncertified peers. 1/3 Higher Compensation Noncertified Accounting Professionals CMA Accounting Professionals *IMA Salary Survey, www.imanet.org/salary_survey, June 2014.
Expanding Your Career Options CMA certification can expand your opportunities in your current position and for the long term. Leading employers from multinational corporations to private firms, academic institutions, and not-for-profit organizations seek out CMAs to hire and promote in positions requiring critical accounting and financial management skills. Today, CMAs hold key positions in a wide range of companies, including 3M, Alcoa, AT&T, Bank of America, Boeing, Cargill, Caterpillar, Hewlett-Packard, Johnson & Johnson, Procter & Gamble, and Verizon. Earn the CMA and join a network of more than 40,000 certified peers worldwide.
Multinational Corporations Private Firms Academic Institutions Not-for-Profit Organizations Government Organizations
Convenient Exam and Flexible Study Options The CMA exam is administered electronically in hundreds of testing facilities worldwide. With three exam windows each year, you can schedule exams at a time and place convenient for you. IMA and a number of top course providers offer a variety of exam prep options to meet your needs as a busy professional. Choose one of the following, or blend several approaches, to find the learning style that works best for you: Self-study (print and online) Live, instructor-led sessions Study groups (online) We also offer a comprehensive Exam Support Package (ESP), which includes retired exam questions and answers, as well as a CMA Candidate Resource Guide filled with helpful information.
Online Self-Study Online Study Groups Self-Study Live or Online Instructor-led Courses
Real Statements from Real People
At Microsoft, we look for a combination of solid accounting skills, the ability to think strategically, and strong business ethics. If someone is a CMA, we can be more comfortable that the person has mastered these aspects of the profession. Bob Laux, CMA, CPA Director of Technical Accounting and Reporting Microsoft Corporation The CMA has given me a tremendous amount of value. Not just on the financial end of things but because I ve gained broad-based accounting knowledge. I ve been able to advance my career because that knowledge translates into benefits for the companies I work for. Tammy Drescher, CMA Senior Cost Accountant Diamond Foods, Inc. I can tell you the CMA certification or other professional credentialing is key for our 1,800 accountants. And we have a credential expertise requirement for our senior leadership team to help ensure long-term, transparent financial reporting and SOX compliance. David Burritt, CMA, CPA Chief Financial Officer (retired) Caterpillar, Inc. I tell my students: Taking the CMA exam is something you can do even before graduation. It gives you and your potential employer evidence that you re well-prepared and well-qualified. The CMA sets you apart from others who have a college degree alone, and it s something that is recognized and respected by a lot of potential employers. Christine McKeag, CMA, CFM, CPA Assistant Dean Schroeder School of Business University of Evansville, Indiana I use my CMA body of knowledge every day. It comes naturally in the role of CFO because I need to look at things from many different angles, not just from the financial perspective. Management accounting skills are very much in demand as foreign and local companies reach out from the local marketplace and into more global arenas. The CMA body of knowledge is very valuable in this regard. John K. Lau, CMA, CFM, CPA Chief Financial Officer WesTrac China
CMA Requirements 1 2 Bachelor's degree from an accredited college or university Foundational knowledge of economics, basic statistics, and financial accounting 3 To be certified as a CMA, candidates must fulfill both an education requirement and an experience requirement in addition to passing the exam. 4 Two continuous years of professional experience For certified CMAs: 30 hours of CPE credits, including two hours of ethics, and annual IMA membership are required to maintain active status
About IMA IMA, the worldwide association for accountants and financial professionals in business, offers its members exclusive access to the CMA program. IMA is committed to helping you expand your professional skills, drive the performance of your organization, and enhance your career. Visit www.imanet.org or call Member Services at (800) 638-4427 to learn more about the CMA program.
Visit www.imanet.org or call Member Services at (800) 638-4427 to learn more about the CMA program.