US CMA course online | A Smart Career Move

In the field of management accounting, the authority is the Institute of Management Accountants or IMA, which has been working to strive for the utmost excellence in the field, with one of the most important contributions being the designation of the Certified Management Accountant or CMA. Put forth in 1972, this certification, gained after clearing the CMA US online exam, provides a standard proof of the holder’s competence and knowledge about management accounting.

Another significant body in this profession is the Institute of Certified Management Accountants or ICMA. This institute has been responsible for regular updates on the CMA exam content to make it suitable and relevant to ever-changing business needs. In doing so, the CMA exam has been designed to test individuals on every skill, ability, and knowledge required for the finance or accounting profession.

Key Takeaways

• US CMA Course

• Job Prospects And Advantages

• Enrol For The CMA Online Course?

Job Prospects And Advantages

As with any certification, CMA US also helps individuals give their careers a significant boost to help them reach their career goals. As such, several positions can be much more accessible to those who prepare for CMA than those who don't. These include:

• Finance Analyst
• Business Analyst
• Cost Controller
• Chief Executive Officer
• Finance Manager
• Budget Analyst
• VP Finance
• Cost Accountant
• Internal Auditor
• Chief Financial Officer

Not only this, but the US Certified Management Accountant certification also helps you get an edge in your career when compared to your counterparts. These added advantages include:

• High Demand:

Due to their efficiency and merit in strategy and decision-making, CMA USA professionals are constantly in demand.

• Increased Earnings:

With the help of the CMA certification, the holding individuals can secure a pay package that is 58% higher than others.

• Worldwide Recognition:

As an international body like the IMA conducts the qualifying exam for CMAs, the certification is recognized in more than 150 countries.

• Thorough Knowledge Proof:

The subject matter covered in the CMA exam encapsulates all 12 core finance areas, making certified individuals highly proficient and helping them quickly advance their careers.

Eligibility

Many candidates wish to get the CMA certification to enhance their chances for better job opportunities. As such, it becomes essential to know their eligibility to be able to sit for the CMA online exam and become a CMA. As per the IMA, there are several requirements that individuals must fulfil to be eligible. These include:

An active membership in the IMA (required to even register for the exam)

An active membership in the IMA (required to even register for the exam)

A Bachelor’s degree in any subject (however, a subject relevant to the profession always helps)

An experience of working in the relevant field spanning at least 2 years

While the exam can be taken after the registration stage itself, the other requirements need to be met by the individuals within 7 years of completing and clearing it. The proofs of the fulfilled requirements to be provided in English as PDFs with the candidate’s IMA membership number are as follows:

While the exam can be taken after the registration stage itself, the other requirements need to be met by the individuals within 7 years of completing and clearing it. The proofs of the fulfilled requirements to be provided in English as PDFs with the candidate’s IMA membership number are as follows:

For the Bachelor’s Degree :

For the Bachelor’s Degree: Transcripts from the relevant institutions, US or international, mailed directly from the college or university to the concerned email address. These may or may not be accredited. If they are not, the degrees must be analysed and approved by an independent agency.

Professional Experience:

As per the relevant work experience, certifications stating the candidate to be a qualified member need to be sent along with an official letter from the approved certifying organisation to the given email address.

Exam

As you prepare for the CMA USA certification exam, knowing about the exam is essential to be best prepared before appearing. Some of these aspects include:

Format:

The certifying examination as a whole contains two exams, each containing two parts, that is, MCQs and essays:

Financial Planning, Performance, and Analytics

Strategic Financial Management

Subjects:

The subjects, with varying weights from 10% to 20% in the papers, include:

Paper 1: Financial Planning, Performance, and Analytics

External Financial Reporting Decisions

Performance Management

Internal Controls

Planning, Budgeting, and Forecasting

Cost Management

Technology and Analytics

Paper 2: Strategic Financial Management

Corporate Finance

Financial Statement Analysis

Decision Analysis

Investment Decision

Risk Management

Professional Ethics

US CMA Course

When preparing to take up the US CMA certification, it becomes necessary to be equipped with the best resources needed. These resources can vary from person to person depending on their choices of how to prepare, be it through self-study or a course under a recognised institution. While self-study may be more beneficial for some to gain more clarity and preparedness, most candidates wishing to appear for the exam take an online CMA course that helps them with a more focused learning approach.

As such, these courses have several options to choose from, including in-person offline classes, CMA live classes, and more. Depending on the requirement and suitability, individuals can choose various flexible packages that also have the option of CMA offline vs online classes, taking into consideration if they are busy working professionals.

Packages:

There are various packages available across institutions that also take into account the time and schedule of the exam that the concerned candidate is taking. In general, there are three main slots to choose from:

January or February

May or June

September or October

These slots also provide flexibility in terms of taking one or both parts of the exam at the same or varying points in time, depending on their convenience. This has been done to include professionals who might wish to sit for the certification exam.

The packages can also have different elements based on the organisation under which a particular candidate has enrolled. The overall package under the IMA includes 2 papers with single-level exams. Further, the recognition of the credits from the CMA USA package is global.

Duration:

The CMA online course under the IMA can be completed within a span of 6 to 9 months with NorthStar Academy.

Fees:

The fees for the exam and course (usually charged together) also differ. The IMA charges around INR 120,000 to INR 150,000.

Why Enroll For The CMA Online Course?

As mentioned, there are a variety of ways a candidate can prepare for the CMA USA exam. However, in general, it has been noted that taking up an online course proves to be highly beneficial. This is because it is more favourable in terms of fees, scheduling, as well as accessibility. Not only that, online courses help individuals get access to several added advantages, namely:

Internationally acclaimed mentors, including the top professionals from the industry,

Access to study materials recognised worldwide, like review books and Becker international materials, in addition to internally curated sets,

Placement Protection Programs that facilitate recruitment into global firms directly

Mock tests that simulate the actual exam and help ensure maximum results