The document discusses the Certified Management Accountant (CMA) credential offered by the Institute of Management Accountants (IMA). The CMA demonstrates mastery of advanced accounting and financial management skills needed for today's business environment. It is a rigorous credential that requires passing a two-part exam, meeting education and experience requirements, and ongoing continuing education. Earning a CMA can significantly increase earning potential and career opportunities compared to non-CMA peers, opening doors in a wide range of organizations.
2. 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…
3. 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:
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.
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
Financial Planning
Risk Analysis
Internal Controls
Financial Decision Making
The CMA
measures competency
in these
advanced skill sets
4. Delivering a
HighROI
The CMA is a time-efficient and cost-effective certification program with the potential to deliver
significant return on your investment.
Consider the facts:
· Globally, CMAs earn 61% more in median base salary and total compensation than their
non-CMA peers. *
· The total cost of the CMA program is approximately $1,500.
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 Global Salary Survey, www.imanet.org/salary_survey, March 2016.
5. Globally, CMAs earn 61% more in median
base salary and total compensation than
their non-CMA peers.
CMAs 61% more
non-CMAs
*IMA Global Salary Survey, www.imanet.org/salary_survey, March 2016.
6. 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, ATT, Bank of
America, Boeing, Cargill, Caterpillar, Hewlett-Packard, Johnson Johnson, Procter Gamble, and
Verizon.
Earn the CMA and join a network of about 50,000 certified peers worldwide.
Private Firms
Not-for-Profit Organizations
Government Organizations
Multinational Corporations
Academic Institutions
7. 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 learn-
ing 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 ques-
tions and answers, as well as a CMA Candidate Resource Guide filled with helpful information.
10. “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
“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
11. CMA
Requirements
Bachelor's degree
from an accredited
college/university or hold
a related professional
certification
Two continuous years
of professional experience
Pass the
CMA exams
For certified CMAs:
30 hours of CPE credits,
including two hours of ethics,
and annual IMA membership
are required to maintain
active status
21
To be certified as a CMA,
candidates must fulfill both an
education requirement and
an experience requirement in
addition to passing the exam.
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About IMA
IMA, the worldwide association of 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/cma or call Member Services at (800) 638-4427
to learn more about the CMA program.