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 Accountants, or the IMA.The content of the exam is regularly reviewed by ICMA (Institute of Certified Management Accountants )
Why CMA ?
Requires in all areas of Business.
CMA Exam dates?
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.
CMA Exam Format:
- 100 MCQ questions:3hrs
- 2 Essay type questions: 30 mins each
- Total 4 hrs exam
- Total Marks - 500
- Passing percentage - 72%
- The 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.
Eligibility for US CMA exam?
For writing exam, you should have a bachelor's degree. Check requirement to get CMA certificate below.
CMA Exam Fees:
|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 (Institute of Cost Accountants of India) by virtue of which if a student gets the qualification from one Institute he/she can get the qualification from the other institute on payment of a prescribed fee & meeting of certain conditions. For details follow below links