1 / 14

What are the subjects of US CMA Exam?

The US CMA course is gaining popularity, especially among those who want to start their careers in management accounting and Finance.

chinu2
Download Presentation

What are the subjects of US CMA Exam?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1.  CMA USA What are the subjects of US CMA Exam? NOVEMBER 25, 2021     The US CMA US CMA course their careers in management accounting and Finance. For this reason, the CMA course is designed to evaluate critical accounting and ?nancial management skills relevant to success in a business environment. Therefore, choosing a CMA as a career option is a great idea. course is gaining popularity, especially among those who want to start

  2. If you are curious about the US CMA course details, Simandhar Education is here to help you provide more information on the course.  Certi?ed Management Accountant Certi?ed Management Accountant, , also known as CMA is the highest standard professional certi?cation that one can earn in advanced management accounting and Finance. The US CMA is a globally recognized certi?cation offered by the Institute of Management Accountants (IMA), the largest and most respected association for management accounting and ?nance professionals. Scope of US CMA The role of a certi?ed management accountant is to provide services related to ?nance and accounting, including preparing ?nancial statements, preparing tax returns, and providing business analysis. They also offer consulting services on all aspects of the business. A CMA USA CMA USA has undergone extensive education in accounting, auditing, ?nancial reporting, and taxation. In addition, they are trained to understand the use of ?nancial information in decision-making processes. This is one of the most signi?cant roles that allow them to provide valuable advice about how an organization can make decisions based on its ?nances. CMA professionals work with manufacturing and services, public and private enterprises, not-for-pro?t organizations, academic institutions, government entities, and multinational corporations. CMAs may hold top management positions in public and private sectors in their specialized knowledge and training. Below are some reputed job positions after obtaining CMA USA certi?cation. CMA USA certi?cation. Staff Accountant: Responsible for reconciling bank transactions, preparing ?nancial reports for management inspection, and handling the payrolls. •

  3. Budget analysts: Responsible for monitoring and analyzing their organization’s ?nancial condition. • Finance Manager: Managing the income and expenditure of other people or organizations. • Financial Analysts: Evaluate the ?nancial statements of operations, assets, operations, and liabilities of a company. • Internal auditor: Conducts audits of an organization’s ?nancial records and processes to ensure the accuracy of its information and compliance with relevant laws. • Chief Executive Of?cer: Making the major corporate decisions, managing any organization’s overall operations and resources. • Cost Accountant: Planning the company’s budget, setting standard costs, and suggesting cost-saving opportunities.  • Chief Financial Of?cer: Manage the company’s ?nances, including ?nancial planning, managing ?nancial risks, record-keeping, and ?nancial reporting. • CMA Course Details 2021 | What is US CMA, CMA … Watch later Share Other bene몭ts of having CMA USA certi몭cation

  4. You might be still wondering, “why should I become a US CMA?”. Simandhar Education, the leading training institute of CMA course in India leading training institute of CMA course in India, here outlines the reasons for how getting CMA certi?cation will advance your accounting career.   Open doors into the business world • Global opportunities • Growth in terms of earning • Multiple career opportunities • Value as an employee • However, to become CMA and obtain CMA certi?cation, candidates must become a member of the Institute of Management Accountants (IMA), meet CMA eligibility criteria (educational and experience requirement), and pass part 1 and part 2 CMA exams.  As passing the Certi?ed Management Accountant Exam is the ?rst to achieve the bene?ts of becoming CMA, let’s focus more on the US CMA Examination. CMA Exam Details The CMA USA Certi?cation comprises a single-level computer-based examination divided into parts (Part 1 and Part 2). CMA candidates can attempt any part of the CMA examination in any order as per their convenience.  The Institute of Management Accountants (IMA) provides a six-month testing frame divided into three testing windows: January- February, May-June, and September- October. IMA also allows the ?exibility in scheduling the US CMA candidate’s convenience within the mentioned testing windows. US CMA exam exam as per the The duration of the US CMA exam is 4 Hours for CMA Exam Part 1 & Part 2(three hours for 100 multiple choice questions and one hour for essay questions). The essay section of the CMA exam includes 10-12 written response or calculation questions

  5. based on typical business scenarios. Prometric administers CMA Exams with centers across the globe, and candidates are required to schedule their exams at least 72 hours prior. It is recommended to schedule the exam at best four weeks ahead. CMA Exam Scoring  To pass the Certi?ed Management Accountant Exam, candidates must score at least a 360 out of 500. All scores on the CMA Exam parts are expressed as scaled scores to maintain consistency across candidates. If candidates fail the US CMA Examination, Prometric will send a  performance report email detailing their performance in each key topic area. This report is emailed around two weeks after they receive the exam results. This is a great way to assess the most challenging areas and prepare more effectively for their next attempt.  However, CMA candidates cannot take any part of the exam more than once during a testing window, so they will have at least one full month to plan a CMA Exam study strategy. CMA candidates are also eligible for exam awards based on Parts 1 and Part 2. To qualify for this award, they must pass the two parts of the CMA exam on the ?rst attempt within one two-month testing window. Subjects of US CMA Exam The two different subjects which are considered as parts of the CMA Exam are:  CMA – Part 1: Financial Reporting, Planning, Performance, and Analytics • CMA – Part 2: Strategic Financial Management • CMA Part 1 and Part 2’s primary objective is to measure a candidate’s knowledge and pro?ciency in management accounting.

  6. pro?ciency in management accounting. Now, let’s see the subjects covered and what CMAs are expected to perform from training in Part 1 and Part 2 US CMA Exam in detail. Part 1 CMA: Financial Reporting, Planning, Performance and Analytics External Financial Reporting Decisions (15%) • External ?nancial reporting decisions are increasingly becoming a more critical role for accounting ?rms and auditors. The ?ndings often require substantial judgment and expertise in accounting, ?nance, and business, so companies often consider Certi?ed Management Accountants. Planning, Budgeting, And Forecasting (20%) • Planning, Budgeting, and Forecasting (PB&F) is a managerial process that involves forecasting an organization’s future performance and budget. It is the process of developing a plan for the whole year or what may happen during a speci?c period. Performance Management (20%) • Performance management has become more critical in the last few years as organizations are trying to maintain competitive performance levels. Companies can achieve it by tracking metrics, goals, and tasks. Cost Management (15%) • It is necessary for managing the costs of various tasks in the business, such as procurement, manufacturing, distribution, and marketing. Proper cost management can help ensure that a company can maintain its operations with minimal impact on its overall pro?tability. Internal Controls (15%) •

  7. Internal controls help ensure that the company is not at risk of any ?nancial fraud and let the executives and ?nance team members know about any unusual transactions. This information can be used by management to decide how they want their company to be run. Technology & Analysis (15%) • When organizations take the ?nancial report from the past and merge it with the risk, analytics come into action. Therefore, every enterprise looks for an Accountant whose analytical skills could support the prediction.  Part 2 CMA: Strategic Financial Management Financial Statement Analysis (20%) • Financial statement analysis is a way of analyzing the ?nancial information that companies provide. The vital information of the ?nancial statement includes revenue, expenses, assets, liabilities, equity, and cash ?ow.  Corporate Finance (20%) • Corporate Finance includes the process of issuing stocks, bonds, or other securities to raise capital. It also has corporate governance issues, including ?nancial reporting, corporate accounting, and auditing standards. Decision Analysis (25%) • Companies are increasingly using decision analysis when they face complex decisions that have many possible outcomes. It is a way to evaluate the possible outcomes of a situation to determine which action will bring the best results. Risk Management (10%) • Risk management is an essential component of the decision analysis of any

  8. organization. It helps the decision-maker expert in Finance to decide whether the cost of taking a risk outweighs its potential bene?t or not. Investment Decisions (10%) • Investment decisions will explore the critical factors that in?uence the decisions made by organizations, including risk, cost, and potential returns. This analysis by CMA helps companies make better decisions by focusing on past data and future projections of their investments. Professional Ethics (15%) • This section covers the Institute of Management Accountants (IMA’s) Statement of Ethical Standards, easy to understand. However, CMAs are required to memorize the standards and learn to apply them to practical business situations. It is important to note that passing all the subjects of the US CMA exam is mandatory to obtain CMA certi?cation and earn the potential bene?ts of a CMA course. But, how to pass the CMA Exam on the ?rst try? Simandhar Education’s US CMA course training is a hands-on experiential program that helps you clear the exam on the ?rst attempt and provide placement support. Our live interactive classes for CMA courses are well designed for students, employees, and ?nancial professionals. Need more information on the US CMA course? Visit our website https://simandhareducation.com/  and if you have any queries, please contact on info@simdhareducation.com Contact Us Join Us Counselling

  9. Fee Enquiry Placements Testimonials Our Centers Webinars Share this post: Share this post: on Twitter on Facebook on LinkedIn CERTIFIED MANAGEMENT ACCOUNTANT CMA CERTIFICATION CMA COURSE DETAILS CMA EXAM CMA EXAM PATTERN CMA PROGRAM US CERTIFIED MANAGEMENT ACCOUNTANT  0     Simandhar Education Simandhar is the o몭cial partner of Becker and AICPA - Largest Training provider for US CPA, US CMA , IFRS and EA courses in India. Learn how to clear your CPA exams with

  10. CPA, US CMA , IFRS and EA courses in India. Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry Experts. We’re here to provide you with all the help that you need in order to ace your CPA, CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CPA Exam in India. Contact us@ 91 7780273388. Hurry up !! CPA exam now in India and Simandhar Education will help you to achieve it.  Related Posts Remote Testing For US CMA Exam JANUARY 5, 2022

  11. A Comprehensive Guide to US CMA Syllabus 2022 DECEMBER 15, 2021 Structure of the US CMA Exam NOVEMBER 24, 2021 What is the Eligibility criteria for a US CMA in India?

  12. NOVEMBER 22, 2021 Write A Comment Name Email Website Enter your comment here.. Save my name, email, and website in this browser for the next time I comment. POST COMMENT Type and hit enter...  Recent Posts Remote Testing For US CMA Exam MBA Vs CPA? What is wiser to choose? Harder? But Easier – US CPA Exam. Waiting For CPA Exam Score Releases can be Nervy!

  13. A Comprehensive Guide to US CMA Syllabus 2022 Categories CIA CMA Tips CMA USA CPA Tips CPA USA EA (Enrolled Agent) IFRS Student Corner Want to Know about Courses Name * Email * Phone Number * Course * CPA I Agree To Privacy Policy * REGISTER

  14.  Privacy Policy © 2019 THEMESPHERE. DESIGNED BY THEMESPHERE.  TOP

More Related