Certification Industry: Accounting
Certificate Name: Certified Management Accountant (CMA)
Certificate Issuing Authority: Institute of Management Accountants, Inc
Certification Price: Students ($180) | Professionals ($240)
Certificate Validity: Renew on annual basis by fulfilling CPE requirements
The Certified Management Accountant (CMA) certification is a global benchmark for financial and management competency. The certified managers are responsible for strategizing and effective decision-making in order to add value to the organisation. The recruiters heavily look for CMAs to join the team as they are recognised for key management and executive roles.
Who Should Apply?
The CMAs are mainly focused on core management and no accounting courses are required for this certification. They are often considered for working in accounting and finance along with operations, marketing, or technology.. Some job titles held by CMAs are Treasurer, Controller, CFO, COO, Finance Manager, and Budget Analyser.
CMA Program Requirements
Active IMA Membership
There are different types of memberships* for the Institute of Management Accountants as follows:
Professional Members ($245 USD)
Student Members ($39 USD)
Academic Members ($135 USD)
Staff Enrollment Discount ($185- $195 USD)
*The membership fee varies according to the Eligibility of the candidate.
Abide by IMA’s Statement of Ethical Professional Practice
Educational Qualification (CMA Handbook 2020)
Pass Part 1 and Part 2 of the CMA Exam
The CMA exam has two parts covering 12 competencies.
Part I: Financial Planning, Performance, and Analytics
External Reporting Financial Decisions (15%)
Planning, Budgeting, and Forecasting (20%)
Performance Management (20%)
Cost Management (15%)
Internal Controls (15%)
Technology and Analytics (15%)
Part II: Strategic Financial Management
Financial Statement Analysis (20%)
Corporate Finance (20%)
Decision Analysis (25%)
Risk Management (10%)
Investment Decisions (10%)
Professional Ethics (15%)
Number of Questions: 100 multiple-choice questions
Exam Time: 4 hours per Part (3 hours for MCQs and 1 hour for the Essay Section)
Exam Language: English, Chinese
Passing Score: 360 for both parts on an exam score range of 0-500
To schedule an exam, log on to CMA: Taking the Exam.