1 / 31

CMA

CMA. Certified Management Accountant. The CMA: Measuring What Matters. Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, decision support, and professional ethics. The CMA: Measuring What Matters.

whitney-moss
Download Presentation

CMA

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 Certified Management Accountant

  2. The CMA: MeasuringWhat Matters • Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, decision support, and professional ethics.

  3. The CMA: MeasuringWhat Matters • Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, decision support, and professional ethics. • These skills are critical to the success of finance teams working within organizations—this focus distinguishes the CMA from other certifications and degrees.

  4. CMA Exam Content 1972-1990 • Economics and Business Finance

  5. CMA Exam Content 1972-1990 • Economics and Business Finance • Organization & Behavior, including Ethical Considerations

  6. CMA Exam Content 1972-1990 • Economics and Business Finance • Organization & Behavior, including Ethical Considerations • Public Reporting Standards, Auditing and Taxes

  7. CMA Exam Content 1972-1990 • Economics and Business Finance • Organization & Behavior, including Ethical Considerations • Public Reporting Standards, Auditing and Taxes • Internal Reporting and Analysis

  8. CMA Exam Content 1972-1990 • Economics and Business Finance • Organization & Behavior, including Ethical Considerations • Public Reporting Standards, Auditing and Taxes • Internal Reporting and Analysis • Decision Analysis, including Modeling & Information Systems 

  9. CMA Exam Content 1972-1990 • Economics and Business Finance • Organization & Behavior, including Ethical Considerations • Public Reporting Standards, Auditing and Taxes • Internal Reporting and Analysis • Decision Analysis, including Modeling & Information Systems  Each part 3.5 hours, 25% MC, 75% Essay & Problems

  10. CMA Exam Content 1991-1997 • Economics, Finance and Management • Financial Accounting and Reporting • Management Reporting, Analysis and Behavioral Issues. • Decision Analysis & Information Systems  Each part 4 hours, 25% MC, 75% Essay & Problems 16 hours total

  11. ComputerizedCMA Exam Content 2007-2010 • Economics, Finance and Management • Financial Accounting and Reporting • Management Reporting, Analysis and Behavioral Issues. • Decision Analysis & Information Systems  Each part 3 hours, 100% MC – 12 hours total

  12. ComputerizedCMA Exam Content 2004-2010 • Business Analysis – 100% MC • Management Accounting and Reporting – 100% MC • Strategic Management – 100% MC • Business Applications – 100% Essay and Problems Parts 1, 3, 4 – 3 hours each, Part 2 – 4 hours 13 hours total Tw0 versions offered from 2004- 2007

  13. New CMA Exam 2010Part 1 • Financial Planning, Performance and Control • 30% Planning, budgeting and forecasting, • 25% Performance management, • 25% Cost management, • 15% Internal controls, and • 5% Professional ethics. 4 hours, 100 MC questions and two 30 minute essays

  14. New CMA Exam 2010Part II • Financial Decision Making • 25% Financial Statement Analysis, • 25% Corporate Finance, • 25% Decision Analysis and Risk Management, • 20% Investment Decisions, and • 5% Professional ethics. 4 hours, 100 MC questions and two 30 minute essays

  15. New CMA Exam 2010Topics Added or Emphasized Top-level planning and analysis (Pro forma income, financial statement projections, and cash flow projections)

  16. New CMA Exam 2010Topics Added or Emphasized Top-level planning and analysis (Pro forma income, financial statement projections, and cash flow projections) Committee of Sponsoring Organizations of the Treadway Commission

  17. New CMA Exam 2010Topics Added or Emphasized Top-level planning and analysis (Pro forma income, financial statement projections, and cash flow projections) Committee of Sponsoring Organizations of the Treadway Commission Internal Control Framework

  18. New CMA Exam 2010Topics Added or Emphasized Top-level planning and analysis (Pro forma income, financial statement projections, and cash flow projections) Committee of Sponsoring Organizations of the Treadway Commission Internal Control Framework International Financial Reporting Standards

  19. New CMA Exam 2010Topics Added or Emphasized Top-level planning and analysis (Pro forma income, financial statement projections, and cash flow projections) Committee of Sponsoring Organizations of the Treadway Commission Internal Control Framework International Financial Reporting Standards Corporate Restructuring (mergers and acquisitions, divestitures and bankruptcy)

  20. New CMA Exam 2010Topics Added or Emphasized Risk assessment (operational, hazard, and financial)

  21. New CMA Exam 2010Topics Added or Emphasized Risk assessment (operational, hazard, and financial) Risk mitigation strategies and enterprise risk management

  22. New CMA Exam 2010Topics Added or Emphasized Risk assessment (operational, hazard, and financial) Risk mitigation strategies and enterprise risk management Valuation, and

  23. New CMA Exam 2010Topics Added or Emphasized Risk assessment (operational, hazard, and financial) Risk mitigation strategies and enterprise risk management Valuation, and The IMA Statement on Management Accounting “Values and Ethics: From Inception to Practice.”

  24. New CMA Exam 2010Topics Not Specifically Tested Linear Programming Network Analysis Decision Tree Analysis Queuing Theory Markov Process Development of Accounting Standards Financial Statement Assurance Information Systems Total Quality Management Strategic Marketing Organization Management Organization Communication Behavioral Issues, and Various Topics in Business Economics, Strategic and Tactical Planning, and External Financial Reporting

  25. New CMA Exam 2010 Maintains relevance and rigor of the CMA program by focusing on the critical skills of financial planning, control, and decision support,

  26. New CMA Exam 2010 Maintains relevance and rigor of the CMA program by focusing on the critical skills of financial planning, control, and decision support, Requires a mastery of these critical skills that is important to the success of finance skills,

  27. New CMA Exam 2010 Maintains relevance and rigor of the CMA program by focusing on the critical skills of financial planning, control, and decision support, Requires a mastery of these critical skills that is important to the success of finance skills, Allows employers to more readily understand the applicability of the CMA program to a corporate career path,

  28. New CMA Exam 2010 Maintains relevance and rigor of the CMA program by focusing on the critical skills of financial planning, control, and decision support, Requires a mastery of these critical skills that is important to the success of finance skills, Allows employers to more readily understand the applicability of the CMA program to a corporate career path, and Allows candidates to more efficiently demonstrate the skills and knowledge evidenced by the CMA credential.

  29. Exam Dates and Locations • Exams are conducted by Prometric, a worldwide network of testing centers, and are available in accordance with local customs. There are many locations throughout the U.S. and internationally. To locate a Testing Center and to schedule exam appointments, visit www.prometric.com/ICMA • The exams are offered in the following windows: • January and February • May and June • September and October

  30. CMA Program Requirement • To earn the CMA designation, candidates must pass both exam parts and fulfill the following education and experience requirements: • Bachelor’s degree from an accredited college or university. • Two continuous years of professional experience in management accounting or financial management.

  31. Value of Certification* • Professionals holding certification earn 31% more in salary. • Immediate returns, 19-29 age bracket earn nearly $20,000 more than non-certified peers • Continuing returns, 60 and over age bracket earn over $28,000 more. • Lifetime advantage, between $900,000 and $1,260,000 * IMA Salary Survey – 2013

More Related