CMA USA exam consists of financial management and accounting concepts and applications alike. The subjects mentioned under CMA USA Part 1 focus on concepts, while CMA USA Part 2 subjects emphasize applications.
| Part 1-Financial Planning, Performance, and Analytics | Part 2-Strategic Financial Management |
| External Financial Reporting Decisions: 15% | Financial Statement Analysis - 20% |
| Planning, Budgeting, and Forecasting: 20% | Corporate Finance - 20% |
| Performance Management: 20% | Decision Analysis - 25% |
| Cost Management: 15% | Risk Management - 10% |
| Internal Controls: -15% | Investment Decisions - 10% |
| Technology and Analytics: 15% | Professional Ethics - 15% |
The percentage in the above exam sections represents the weightage of those topics in the exam. Because there is only one examination at each level, you will sit only two papers; however, in the paper, there will be, for example, 15% worth of questions on External Financial Reporting at level 1.
The CMA USA course takes at least six months to finish, depending on the candidate's determination and focus. However, the IMA allows three years from the registration date to become a CMA holder in Sharjah.
Eligibility Criteria for the US CMA Certification Exam
- A bachelor's degree from an authorized university or professional accounting certification is required.
- Membership in the Institute of Management Accountants (IMA).
- Pass the CMA USA Exam Part 1 and Part 2 within three years of registration.
- Two years of work experience in managerial accounting or finance is necessary.
- Comply with the IMA Statement of Ethical Professional Practice.
- Students can enroll in the program as early as after their 12th-grade examinations, and they will be eligible for membership as soon as they complete their degree and obtain job experience.
Fee Structure of CMA USA Course in Sharjah
Obtaining a CMA USA certification is a potential gateway to a reputed profession and all-new prospects around the world to outperform your current career. A person pursuing a CMA course in Sharjah has a larger earning potential than others who do not pursue this profession. It does, however, necessitate a significant expenditure, but the result provides the finest return on investment.
Here are the CMA Entrance fee and IMA membership fees of a reputed training academy.
Full-time students and professionals pay various examination fees to the US CMA organization.
Examination Pattern: CMA USA Certification Exam
The CMA exams are computer-based and are available at Prometric Testing Centers in all major Indian cities, such as Sharjah, Dubai, etc. The exams are conducted in January/February, May/June, and September/October.
The US CMA course is designed and divided into two parts, each of which contains 100 multiple-choice questions and two 30-minute essay questions. According to the CMA exam structure, you will have three hours to complete the multiple-choice part and one hour to finish the essay papers. The CMA USA Certification exam carries 1000 marks in total. The maximum mark that can be obtained for each exam part is 500, and you need to get at least 360 in each part to pass.
The essays will be displayed to you when you have completed the multiple-choice phase of the exam or after 3 hours, whichever comes first.
You cannot return to the multiple-choice section of the exam once you have finished it. The essay component comprises 8“10 written responses or calculation questions based on two scenarios portraying a typical business situation. To be eligible for the essay portion, you must properly answer at least 50% of the multiple-choice questions.
US CMA Course Sharjah: Job Opportunities
The US CMA designation is highly regarded in the finance community and is a popular certification among finance & accounting students. It is also considered one of the most prestigious certifications by leading MNCs and finance companies in Sharjah and around the world. Individuals with CMA certification open doors for candidates into the following industries in Sharjah,
- Wholesale and Retail Trade
- Manufacturing
- Education
- Transportation, Communications, and Utility Services
- Contract Construction
- Agriculture, Forestry, and Fisheries
- Government
- Medical/Health Services
- Information Technology
- Finance, Insurance, and Real Estate
- Public Accounting
CMA USA certification in Sharjah significantly impacts the work opportunities available to individuals. The more qualified and skilled candidates are, the more in demand they are. As a result, enrolling in the US CMA course in Sharjah will almost certainly enhance the number of offers.
Top CMA USA jobs in Sharjah are,
- Group Financial Controller
- Chief Finance Officer
- Finance Manager
- Assistant Finance Manager
- Financial Controller
- Finance Analyst
- Chief Accountant
