What is Certified Management Accountant (CMA)?
All Info about this I'll Post here soon
Sameer Medhekar (Student) (4140 Points)
21 January 2009What is Certified Management Accountant (CMA)?
All Info about this I'll Post here soon
Sameer Medhekar
(Student)
(4140 Points)
Replied 21 January 2009
CMA: Certified Management Accountant
The Certified Management Accountant (CMA) credential is the professional designation for management accountants and financial managers. The Certificate provides distinction in today's economic climate and is an opportunity to certify your expertise in business areas that are critical to the decision-making process. In 1972, the Institute of Management Accountants (IMA)began the Certified Management Accountant (CMA) program to provide professional recognition for the management accountant that would be a comparable designation of the Certified Public Accountant (CPA) for the public accountant
Sameer Medhekar
(Student)
(4140 Points)
Replied 21 January 2009
Objectives
The CMA program has four objectives:
To establish management accounting as a recognized profession by identifying the role of the management accountant and financial manager, the underlying body of knowledge, and course of study by which such knowledge is acquired;
To encourage higher educational standards in the management accounting field;
To establish an objective measure of an individual's knowledge and competence in the field of management accounting; and
To encourage continued professional development by management accountants.
Sameer Medhekar
(Student)
(4140 Points)
Replied 21 January 2009
About CMA Examination
The candidate must successfully complete a rigorous examination that serves as an objective measure of that individual's knowledge and competence in the field of management accounting. Moreover, the exam questions are constructed to test an individual's ability to analyze information and communicate the results in a meaningful and understandable manner to aid management in making decisions. Beginning December 1, 1997, the CMA and CFM Examinations, will be given in a computer-based format. The examinations will be 100% objective and will consist of carefully constructed multiple-choice questions that will test all levels of cognitive skills. The exams will be offered daily (except Sundays and holidays) at an extensive network of Sylvan Technology Centers located throughout the U.S. and internationally. The exam consists of four parts:
Part 1: Economics, Finance, and Management
Part 2: Financial Accounting and Reporting (* waived for individuals who have passed the U.S. CPA exam.)
Part 3: Management Reporting, Analysis, and Behavioral Issues
Part 4: Decision Analysis and Information Systems
Sameer Medhekar
(Student)
(4140 Points)
Replied 21 January 2009
Requirements
To become a CMA: Once the certificate is earned, the CMA must:
file an Application for Admission with the ICMA and register for the CMA Examination;
become a member of the IMA;
pass all four parts of the CMA Examination within a three-year period;
satisfy the CMA experience requirement; and comply with the Standards of Ethical Conduct for Management Accountants
satisfy the continuing education requirement;
comply with the Standards of Ethical Conduct for Management Accountants; and
maintain membership in the IMA
Sameer Medhekar
(Student)
(4140 Points)
Replied 21 January 2009
After CMA
Earning potential for management accountants and financial managers with the CMA designation are $9,000 - $15,000 (U.S. dollars) more than those without any designation, according to a recent survey of IMA members. And, having a professional designation gives you the competitive edge. The CMA program is actively supported by over 170 corporation, both large and small. These business leaders recognize that the CMA identifies an individual determined to meet a professional challenge. Formal support of the program also demonstrates to employees your company's commitment to their professional development. More and more, executives throughout the U.S. look for the CMA designation when filling key management accounting and financial management positions in their organization. The reason is simple. The Certified Management Accountant is a highly-qualified, skilled professional.
Jeet Biswas
(ACMA (in Service))
(5073 Points)
Replied 23 January 2009
CA shaik
(CA&CS)
(43 Points)
Replied 02 August 2009
| Originally posted by :Sameer Medhekar | ||
| " | Objectives The CMA program has four objectives: To establish management accounting as a recognized profession by identifying the role of the management accountant and financial manager, the underlying body of knowledge, and course of study by which such knowledge is acquired; To encourage higher educational standards in the management accounting field; To establish an objective measure of an individual's knowledge and competence in the field of management accounting; and To encourage continued professional development by management accountants. |
" |
CA shaik
(CA&CS)
(43 Points)
Replied 02 August 2009
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Originally posted by :Sameer Medhekar hi everybody whats the innetial reqd qualification to join as a student of cma
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| " | Objectives The CMA program has four objectives: To establish management accounting as a recognized profession by identifying the role of the management accountant and financial manager, the underlying body of knowledge, and course of study by which such knowledge is acquired; To encourage higher educational standards in the management accounting field; To establish an objective measure of an individual's knowledge and competence in the field of management accounting; and To encourage continued professional development by management accountants. |
" |
KnowledgeHunt
(Accountant)
(28 Points)
Replied 28 October 2009
Does this certification bear any recognition in India ?
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