What are the CMA Course Details in Chennai?
If you are looking for a CMA institute in Chennai, it is best to know the exam details first. The CMA USA is a globally accredited certification that is managed by the Institute of Management Accountants. It was founded in 1919. People from 140 countries across the globe apply for the exam and prepare from various institutes.
A candidate possessing the CMA credential is known to have expertise in Management Accounting and Strategic Financial Management. Now, let us have a look at the syllabus of the exam.
The CMA institute in Chennai offers the CMA USA exam. The exam earlier consisted of four parts in which the candidate's capabilities were tested. The four parts were: Business Analysis, Management Accounting & Report, Decision Analysis, Strategic Management
After 2010, the exam was compressed and only two exams took place to test the candidate's capabilities. Additionally, two thirty-minute questions are also provided to the candidates. They are descriptive and might contain any questions from the four topics mentioned above.
Now, when it comes to the scoring of the exam, the marks are calculated based on both Part 1 & Part 2. The combined score secured by the candidate must be a minimum of 360 to pass the CMA USA exam.
Let us now discuss the course details of the best CMA institute in Chennai.
Currently, the CMA USA exam consists of two parts, i.e., Part 1 & Part 2. Hence, the CMA US course from NSA has a dedicated learning system for these parts and their 12 sections.
Part 1: Financial Planning, Performance, and Analytics
- 15% - External Financial Reporting Decisions
- 20% - Planning, Budgeting, and Forecasting
- 20% - Performance Management
- 15% - Cost Management
- 15% - Internal Controls
- 15% - Technology and Analytics
Part 2: Strategic Financial Management
- 20% - Financial Statement Analysis
- 20% - Corporate Finance
- 25% - Decision Analysis
- 10% - Risk Management
- 10% - Investment Decision
- 15% - Professional Ethics
Looking at the records, we can say that Part I is quite challenging as compared to Part II. All in all, the CMA USA exam is very rigorous and demands hard work. Over the years, if we look at the exam percentage, we can say that the pass percentage of Part I was 40%, and the pass percentage of Part II was 50% worldwide.
To gain the CMA credential from the best CMA institute in Chennai, you need to fulfill certain requirements. These requirements are in addition to passing the exam. They are
- Undergraduate degree from a recognized university or college.
- Two years of experience in financial management and management accounting. The candidate must have worked in fields like:
- financial statement preparation
- financial planning
- analysis of the financial statement
- auditing
- monthly and yearly end-of-year close
- forecasting
- costing analysis
- risk evaluation
- decision making
- investment decisions taken by the company
To gain expertise in the required field, it is essential to pay attention to learning these concepts. NorthStar Academy provides you with the required skills to excel in the examination. Now that we are talking so much about the NorthStar Academy as the best CMA institute in Chennai, let us look at why is it the best!
