US-CMA Exam by IMA
What is CMA ?
The CMA abbreviated as Certified Management Accountant, where you can demonstrate your mastery of critical accounting and financial management skills needed for the job today.
Who Conducts the Exam?
The CMA certification is granted by a US-based institute called Institute of management accountant, or the IMA.The content of the exam is regularly reviewed by ICMA (Institute of Certified Management Accountant )
Why CMA ?
Requires in all areas of Business.
When is Exam conducted?
Exams are computer based and held thrice in a year.
January & February , May & June , September & October
However, you should register for the exam once you have prepared for the exam.
Once you are registered, you should take the exam within 12 months & complete the CMA program in 3 years.
Format of Exam:
- 100 MCQ questions :3hrs
- 2 Essay type questions : 30 mins each
- Total 4 hrs exam
- Total Marks - 500
- Passing percentage - 72%
- Exam consists of two parts:
Part 1 -Financial Planning,Performance, and Control - Global average pass rate 35%
Part 2 -Financial Decision Making - Global average pass rate 42%
Students are free to take either one or both test within the same test window.
Who can write the exam?
For writing exam, you should have a bachelor's degree. Check requirement to get CMA certificate below.
|IMA membership Fee||$39||$145||$220|
|CMA Entrance Fee||$188||$250||$250|
Prometric Rescheduling Fees- to reschedule your appointment within 30 days of your scheduled appointment - $50
Fees are subject to change.CMA Entrance fees are nonrefundable.Examination fees are refundable within 30 days from the time you purchased the exam and no appointment is set with Prometric.
What do you need for earning CMA certification?
- Passed part 1 & part 2 of CMA exam
- Candidate must have 2 continuous years of professional experience in management accounting or financial management. Internship and training program are not considered, however, the part-time job is considered.
- Membership of IMA
- Bachelor degree from accredited college or university. (check CMA Handbook for more details)
Memorandum agreement with ICAI
ICMA has a mutual agreement with ICAI by virtue of which if students get the qualification from one institute he can get the qualification from another institute on payment of a prescribed fee & if they meet certain conditions. For details follow below links