Best CMA course in Meghalaya: How To become CMA USA in Meghalaya?

CMA USA is one of the most sought-after certifications in the field of Finance and Management accounting. Employers from all around the world are looking for individuals with US CMA on their resumes. Once you have become a US CMA-certified accounting professional, there will be no shortage of high-paying job opportunities for you to grab. It is why working professionals and students are searching for the best US CMA course in Meghalaya to pass the exam and acquire this certification.

As the CMA USA certification is a globally recognized credential in management accounting, you will be able to get a well-respected and high-paying job anywhere around the world. Due to this high demand, the US CMA professionals' salary is also soaring. As per the reports, the average remuneration of a CMA-certified accounting professional is 55% more than its non-certified counterparts.

If you are also one of such individuals who wants to become CMA USA in Meghalaya, this blog is for you. We entailed complete details on becoming a US CMA by joining the top US CMA course in Meghalaya.

How to Become CMA USA in Meghalaya?

The CMA USA certification exam is considered one of the most challenging exams to clear in management accounting. Hence, becoming a CMA-certified accounting professional is not easy. To acquire the prestigious CMA USA certification, you must put a lot of effort and dedication in the preparation. 

Only the candidates, who are able to pass two exam parts of CMA USA in less than three years, will be eligible to become a part of this prestigious group of top-tier management accountants. If you also want to join them as a CMA, then here is the list of all the steps you may need to follow to become a CMA-certified professional.

1. Meet the CMA USA Education Requirements

To become a CMA-certified professional, you need to complete at least a bachelor's level of education or complete an equivalent professional certification in any relevant field. 

However, you can take the CMA USA examination before completing your bachelor's degree. IMA (Institute of Management Accountants), the organization responsible for accrediting the CMA USA certificate, allows candidates to complete their bachelor's education within seven years of passing the CMA USA certification. So, you can start your CMA journey right after 12th grade, though most candidates prefer doing CMA after completing their bachelor's degree.

2. Become an IMA member

Only the active members of the IMA are allowed to take the CMA. However, you can easily become a member of IMA by paying a membership fee. For the first time, the students have to pay around 135$ for a three-year membership, while the working professional has to pay 260$ for the same.

3. Enter the USA CMA program

Once you become a member of the CMA, then you need to register yourself for the CMA program from the official website of the IMA. You will need to pay a non-refundable entrance fee in order to take the CMA exam.

Depending on your IMA membership, the CMA registration fee varies. The CMA registration will cost $280 for professionals, but for Student and Academic members, the fee is only $210

4. Enroll in a US CMA course in Meghalaya

US CMA exam is considered one of the toughest examinations in management accounting. These examinations are specially designed to test the intellectual limits of the students. Hence, proper guidance and dedication are required to go through these examinations.

So, to help candidates get through the CMA journey, many financial institutes have started offering a well-organized US CMA course in Meghalaya. Although taking any CMA course in Meghalaya is not mandatory, it is recommended. Choose CMA coaching with years of experience and expertise, providing the comprehensive US CMA course in Meghalaya. Many top coaching will assist you in getting the membership and with the exam fee discounts.

NorthStar Academy is an approved learning partner of IMA and Becker for providing the best US CMA course in Meghalaya.

5. Practice! Practice! Practice!

Practice is the key to success, and that's especially true for the CMA USA examination. CMA USA examinations are considered very difficult and require a lot of hard work and dedication from the candidates wanting to become CMA-certified accounting professionals.

It is recommended to start by planning your study schedule. Each candidate learns differently, and each person's schedule differs. No surprise! the time to prepare for the CMA exam varies from person to person. Hence, everyone needs a different study plan for their CMA examination and has to follow it.

Many CM USA experts say that 16 weeks or four months is more than enough time to prepare for each part of the CMA USA exam. 

6. Register for a CMA Exam Part

Once you are gathered enough confidence in your exam preparation, register for the CMA exam. You can register for your CMA USA exams in any of these three three exam windows each year -

January/February

May/June

September/October

The exam registration closes after the 15th of February, June, and October. So, be quick. You can register yourself from the online store of IMA. After the completion of the registration, you will be able to schedule your testing appointment at the nearest Prometric Testing Center.

7. Take the CMA exam

Now that you have studied for many weeks and prepared to the best of your abilities, it is time to put everything you have acquired to the absolute test.

The CMA exam consists of two parts. Although you have the option to take both parts together in the same exam window, we strongly recommend against doing it. It will let you use your more effectively and focus on each part individually. Let's take a closer look at the CMA examination.

The CMA USA exam is a computer-based test; you must give it on a computer at the Prometric Testing center. Each part of the CMA exam includes 100 MCQ questions and 2 case study questions (essay questions). You will be given 4 hours to complete the whole examination, 3 hours for the MCQs, and 1 hour for the case study-related questions. However, if you can complete the MCQ portion in less than 3 hours, then the remaining time will be added to the 2 case study questions.

Here is the list of topics covered in each part of the CMA USA examination, with their weightage -

 

Part 1 - Financial Planning, Performance, and Analytics

Cost Management 15%

Internal Controls 15%

Technology and Analytics 15%

External Financial Reporting Decisions 15%

Planning, Budgeting, and Forecasting 20%

Performance Management 20%

 

Part 2 - Strategic Financial Management

Risk Management 10%

Investment Decisions 10%

Professional Ethics 15%

Financial Statement Analysis 20%

Corporate Finance 20%

Decision Analysis 25%

To take the essay portion of the exam, You first need to correctly answer at least 50% of the multiple-choice questions. Once you have submitted your multiple-choice answers for scoring, you can go back and change them. If 50% of the questions are not answered correctly, then you automatically fail the exam and will require to retake the exam.

Remember that you will have to pay the full CMA exam cost to retake that exam part; no discounts will be given. So, try your best to clear the exam on the first attempt. The US CMA course in Meghalaya is designed in such a way that the candidates have no issues getting through it on the first try.

Fulfill the Experience Qualification

One of the prerequisites for becoming a CMA is to complete at least two years of professional experience. In order to complete this requirement, you will need two years of experience in any relevant field. You must hold a full-time professional position in a company, and internships will not be counted as work experience by ICMA. Alternatively, you can work 20 hours per week part-time for four consecutive years in any relevant field.

Qualifying work experience can be anything from working as a staff accountant to a CFO of a company. You must complete these two years of work experience required before or within seven years of passing the CMA exam. It means even if you don't have two years of accounting experience yet, you can still sit for the CMA USA examination and gain work experience after passing the CMA examination.

Get Your Certification

Once you have passed both the US CMA examination and meet the education and work experience requirements, you will be able to apply for your CMA certification. IMA will first verify your details, and you will be awarded your desired CMA certification. You do have to comply with the Ethical Standard and CPE to keep your CMA certification active.

The fee for the CMA course in Meghalaya

US CMA Course in Meghalaya includes several different fees and costs. 

Apart from this, there are other fees available for the CMA USA certification exam. Candidates have to pay a Registration fee of $15, which is included in the first Membership fee. Apart from that, working professionals have to pay an International Membership fee of $260 with a $280 Entrance fee. Students need to pay a Membership fee of $135 and an Entrance fee of $210. The examination fees for both parts (i.e., Part-1 and Part-2) are $345 each for students and $460 each for professionals. These fees can be discounted if you take up the course from the NSA as per their bundle discounts.

Conclusion

CMA USA certification is one of the most sought-after certifications in the field of accounting and can greatly boost an individual's career. However, going through the journey of becoming a CMA is not an easy nut to crack. After all, CMA is considered one of the most challenging examinations in management accounting.

However, if you want to make your journey a bit easier, you should join our US CMA course in Meghalaya at NorthStar Academy or NSA.

We at NorthStar Academy (or NSA) provide the top-tier CMA USA course in Meghalaya with the top study material and live doubt sessions. Some of our best mentors, like Mr M. Irfat, will help you master each and every concept present in the CMA study material so that you can crack the CMA USA examination in the first go.

For more information, visit us at https://www.northstaracad.com/cma-usa-course-details Call us today! +918147470707