This document provides an overview of what a CMA (Certified Management Accountant) is and the career opportunities it provides. A CMA certification demonstrates expertise in management accounting and financial management. It is offered by the Institute of Management Accountants and involves passing two exams. Obtaining a CMA opens up roles in cost accounting, management accounting, and financial analysis across various industries. It provides benefits such as higher salaries, global recognition, and strengthened skills in making strategic business decisions.

1. EduPristine > Blog > What is a CMAandWhat Do They Do?
What is aCMAandWhat DoTheyDo?
August 5 2019 Written By: EduPristine
After a tiring day atwork, slogging almostten hours forfive days a week,
most professionals tend to ask themselves, “What am I doing this for? Do
I even like what I am doing and am I making enough to compensate for
the efforts I’m put in?” If either ofthese questions draws up the answer
as ‘no’,then it’s time for a career introspection. For accounts and finance
professionals,there’s a way to turn the answer of ‘no’ to these insightful
questions to ‘yes’,through a CMAcertification.
What is a CMA? Shortly put, it is an add on certification which will
accelerate your career at a global level. For anyone who is in the field of
management, business orfinance, CMAis your passportto worldwide
recognition and acknowledgment as a financial expert,which adds
positively to your CV and ultimately to the moneyyou draw in as a
professional.
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2. DeeperUnderstandingofCMA
Thatwas the long and short of it, but now let’s getto understand this
certification on a deeper level. Corporate Finance and Management
Accounting are two major areas an accounting professional at any level
deals with.That’s where the major USPof CMAcomes in; because it is a
globally recognized credential certification in financial accounting and
strategic management focusing on corporate finance and management
accounting.
The certification is offered by the Institute of ManagementAccountants
(IMA). Forthose in this field,this name would not be an unknown one.A
division within the IMA, Institute of Certified ManagementAccountants
(ICMA), awards the CMAcertification.With a reach in over 140 countries,
IMAwas founded 100years ago in NewYork.As pertheirwebsite,this is
what makes them the best.
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CMA CMACertification
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aftercompleting the CMA
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3. IMAis the only institute offering CMA. Having been around for overforty
years now,the CMAcertification has claimed a global benchmark for
management accounting professions.
Dividedintotwoparts,theCMAExams areundertakenthreetimes a
year.

4. What kind of employment opportunities does a CMAhave?
Being practical thinkers, any financial and accounting expertwould think
ofthe ROI before taking any major decision. Hence it is understandable
they will approach CMAwith the same thought. So,what kind of
professional opportunities does CMAcertification open up?
Because finance is a core part of any business,the need for CMAs is
equal in private as well as public organizations, and even in government
agencies.The most common industries where a CMAcan be employed

5. include:
– Manufacturing
– Educational services
– Mining
– Insurance and real estate
– Medical and health services
– Transportations
– Communications and utility services
– Construction
– Finance
Their skills and expertise can fetch them positions such as:
– Cost accountants
– Managerial accountants
– Industrial accountants
– Private accountants
– Corporate accountants
Whataretheroles andresponsibilities ofaCMA?
Though CMAs are in demand in a wide variety of industries, a few
common jobs for all CMAs across every industry include:
– Cost management
– Performance management
– Profitability analysis
– Investment decisions
– Internal controls
– Financial reporting
– Planning and budgeting

6. Underthese roles,their everyday tasks and duties may comprise of:
• Identifying prospects for investment management
• Acting as a counselor and managing lower-level accountants
• Preparing financial statements like income statements, balance sheets,
and cash flow statements
• Making presentations to senior management
• Creating strategies to improve and manage various internal and
external risks
• Arranging funds and probable options forfinancing
• Monitoring and controlling compliance
Whatvaluedoes aCMAhold?
Having a CMAcertification opens up countless opportunities in the
management accounting and financial management sectors, across
various industries.This is not only because ofthe global recognition that
the certification holds, but also because it enables the pursuantto
connect accounting concepts to their practical applications in finance.
The honing of skills in accounting and financial data analysis will the
CMAcertified professionals in making strategic business decisions.
Here are a few core features and advantages ofthe CMAcertification:

7. Hence,for a moderate cost of about $2200 (approx. 1.6 lakh INR) and
around 300 hours of study time to clearthe CMAexam, getting this
coveted certification is definitely a steal deal to make way for a six-
figure salary. Notto mention the global recognition and a competitive
edge that it brings along.

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