How to become CMA USA in india : Huge scope for 2022

The scope of CMA US certification is broad, offering significant career options globally, including in the USA and India. For CMA candidates, gaining experience in management accounting, finance, and accounting can enhance their career prospects. The Certified Management Accountant (USA CMA) certification provides a strong foundation in management skills, making it a valuable credential for those pursuing a career in accounting.

The Institute of Management Accountants (IMA) in the United States awards the Certified Management Accounting certification. The US Certified Management Accountant (CMA) certification demonstrates that the individual has a deep understanding of decision support, financial planning, analysis, control, and professional ethics. The Institute of Management Accountants offers the CMA, a worldwide recognized credential centered in the IMA US. The IMA US has a more than 100-year record, and there are presently more than 1,40,000 US CMA-certified applicants in 150+ countries.

Key Takeaways

• US CMA Exam dates for in India

• CMA USA Exam 2024 Testing Window

• Exam Pattern for the CMA Course in India

• Eligibility for the CMA USA in India

US CMA Exam dates for in India

The CMA USA exam test has been revamped and is now administered at Prometric Centers around the world. You must schedule your assessments for one of the available testing windows that best meets your needs. You are also advised to book your testing slot ahead of time to ensure that you get your desired testing window (dates and schedule) for CMA USA testing.

CMA USA Exam 2024 Testing Window

• January 1st to February 28th
• May 1st to June 30th
• September 1st to October 31st

ICMA Prometric Testing Centers administer the best CMA USA tests.

In and around India, there are now 10 CMA USA exam centers:

• Ahmedabad
• Allahabad
• Bangalore
• Chennai
• Kochi
• Gurgaon
• Hyderabad
• Kolkata
• Mumbai
• Trivandrum

At one of the eight regional IMA chapters, you can mingle and network with other CMAs:

• Bangalore IMA Chapter
• Chennai IMA Chapter
• Delhi IMA Chapter
• Hyderabad IMA Chapter
• Kochi IMA Chapter
• Kolkata IMA Chapter
• Mumbai IMA Chapter
• Pune IMA Chapter

How to Become a CMA in India

Join the comprehensive course for US CMA certification in India from NorthStar Academy, the best award-winning training institute in India, and clear your CMA USA on your very first attempt.

Exam Passing Rates for US CMA Course in India

• Part 1 of the CMA test has a success percentage of 40%, whereas
• Part 2 has a pass rate of 50%.

A candidate should be able to recognize the financial statement requirements, as well as their primary components and categories, as well as their benefits and drawbacks, as well as their consequences. One can also show that they understand the needs of each of the assertions, as well as the relationship between them and how they were prepared. A candidate should be able to distinguish between financial and operating leases, recognize capital transactions, and understand the variations between US GAAP and IFRS, among other things.

Exam Pattern for the CMA course in India

The US CMA test has two segments, and you don't have to take them in any specific sequence. The two portions of the CMA USA Exam are both four hours long and include the following:

Type of questions in CMA USA:

Question type	Duration	No of questions	Time per question
Multiple Choice	3 hours	100	1.8 minutes
Essay type	1 hour	2	30 minutes

 

This means that, depending on your preferences, you can register any part first. The CMA USA test comprises 100 multiple-choice questions (MCQs) and two essay questions in each section. The MCQs account for 75% of your overall score on the CMA exam, while essay questions account for 25%.

Topics of the CMA USA Exam:

Sections	Part 1	Weightage	Sections	Part 2	Weightage
Section A	External Financial Reporting Decisions	15%	Section A	Financial Statement Analysis	20%
Section B	Planning, Budgeting and Forecasting	20%	Section B	Corporate Finance	20%
Section C	Performance Management	20%	Section C	Decision Analysis	25%
Section D	Cost Management	15%	Section D	Risk Management	10%
Section E	Internal Controls	15%	Section E	Investment Decisions	10%
Section F	Technology and Analytics	15%	Section F	Professional Ethics	15%

Also read: CMA Remote Test - How To Ace Your CMA Exam From Home

CMA USA in India Exam Format

The minimum time required for completing the CMA exam is six months, with an average of one year and a maximum of three years. Completion is determined by several elements, including the amount of time you have to study, how you plan your studies, and how well you know your fundamentals.

Eligibility for the CMA USA in India

To be eligible for CMA, you must meet the following requirements:

• Pay the IMA Entrance Fee through NorthStar Academy - IMAs Gold Approved Partner
• Here again, you can pay directly to IMA, or through NSA since it again would help you save and get discount coupon codes and IMA Student Scholarships as well.
• Book the exam with ICMA Prometric,
• Complete all assessment sections that are required (Clear 2 exams - Part 1 and Part 2)
• Acceptance of the IMAs Statement of Ethical Professional Practice.
• Upload bachelor's certificate and 2 years of relevant work experience certificate.

Congratulations, you are a CMA USA now.

CMA Job Opportunities in India

CMA US from the United States is in high demand across the Globe. Multinational enterprises such as Accenture, Amazon, Deloitte, EY, KPMG, and other MNCs are hiring qualified CMA USA candidates for managerial jobs such as financial controllers, financial analysts, Treasury, budget analysts, cost auditors, financial managers, VP Finance, and CFO. Because they are in high demand in a variety of sectors for a variety of abilities, US CMAs have plenty of career prospects in India, including those listed below and a lot of others in the finance industry.

• Financial planning and analysis
• Preparation of financial statements
• Forecasting
• Managing general ledger and balance sheets
• Managerial Accounting
• Company investment decision-making
• Risk evaluation
• Costing analysis
• Top-Level Management
• Chief Executive Officer
• Chief Financial Officer
• Corporate Controller
• Corporate Treasurer
• Director
• Owner
• Partner
• President
• Senior Vice President
• Vice President
• Senior Management
• Chief Accountant
• Consultant
• Accounting Manager
• General Manager
• Manager
• Plant Controller
• Vice President
• Middle Management
• Sr. Accountant
• Assist. Corporate Controller
• Consultant
• Divisional Controller
• General Manager
• Academic Positions
• Assistant Professor
• Dean
• Department Chair
• Professor

CMA USA Job role in Big 4s and MNCs

• Preparation of internal and external financial statements
• Financial planning and analysis
• Auditing, especially internal auditing
• Budgeting preparation and reporting
• Manage Financial Statements and notes
• Forecasting the next emerging technologies
• Company investment decisions
• Cost analysis
• Risk evaluation and control

The following are the list of eligibility for CMA USA exams :

Exam Eligibility: You are eligible to appear for the exam immediately after successfully passing the Class 12th exam. This is the most important part of the CMA US journey since, after passing the exam, you can apply for jobs even if your certification has been pending.

IMA Membership Eligibility: After passing the CMA Exam, you can apply for IMA certification and membership. Remember, you have 7 years from the date of passing the exam to apply for IMA certification and membership.

To apply for IMA certification and membership, you must have

• A Bachelor's degree or comparable professional certification from an approved college or university
• 2 years of relevant work experience in the field of Accounting and Management.

Every year, a large number of Indians look for information on the CMA USA certification, if you're interested in earning the CMA USA in India then no need to worry, register at NorthStar Academy - The best Award-winning training institute in India for CMA USA classes.

Salary of CMA USA vs. Non-CMA in India

The CMA has a significant impact on compensation in India, according to one of the most notable conclusions from the IMA's salary survey. Additional professional options and routes are among the CMA perks received by IMA members in Asia. Almost 65 percent of Asian CMAs stated the certification broadened their professional opportunities, and 90 percent said it improved their ability to move across industries.

Final Conclusion About CMA USA in india

The NorthStar Academy CMA USA course will help you learn about the basics of CMA USA and provide a conceptual and detailed understanding of the subject matter. You learn the 12 sections in depth and through multiple mock tests to support your CMA USA journey.

This CMA USA comprehensive course will teach you the skills necessary to become a Certified Management Accountant at the earliest. This course is also an excellent way to advance your finance and management career so enquire now and get connected with expert CMA USA counsellors and avail of early bird offers in the upcoming CMA USA batch with NorthStar Academy.