CMA® - Certified Management Accountant (IMA-USA)

Course ID:               GIFA0600
Course Duration:   120 Hours / 120 PDU

IMA over View

The Institute of Management Accountants is dedicated to excellence within the management accounting profession. The Certified Management Accountant (CMA) designation was developed in 1972 to provide an objective measure of an individual’s knowledge and competence in the field of management accounting. Only the CMA program recognizes the unique proficiencies required for success in this challenging profession.

About CMA

The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance. The CMA is tailor-made for accounting and finance professionals at all levels, whether you want to enhance your value to your current organization or expand your career potential. Earning the CMA will make you part of a network of over 30,000 credentialed peers worldwide. The CMA program has been designed to meet the evolving needs of business – today and tomorrow. We look forward to helping you achieve excellence as a professional. Certification will confirm your proficiency in your chosen field and your dedication to personal and professional growth.

Staying ahead isn’t easy, especially in the financial management accounting profession. When changing standards and evolving trends are the norm, you can stay on top with the Certified Management Accountant (CMA ®) credential. Success in this dynamic marketplace requires the professional achievement, commitment to excellence and high ethical standards exemplified by the CMA designation. As many as 85% of accountants today work inside organizations, where expertise in decision support, planning, and control over value-adding operations are crucial elements of operational success. In earning the CMA, you will have mastered a comprehensive body of knowledge directly related to operational and strategic management as well as the skills and abilities required to build quality business practices inside organization.

Becoming a CMA

Having CMA certification shows not only a high level of competence in management accounting, but also a Strong commitment to continuous improvement and high ethical standards. Many leading international companies consider the CMA certification as the ultimate mark of excellence. The CMA certification leads to faster career advancement. Salary surveys have shown that a certified professional will earn nearly $500,000 more than a non-certified professional over the course of a career

Why become a CMA?

  • No other accounting or finance credential lends itself more directly to today's complex
    and changing business environment.
  • You will confirm substantial knowledge of accounting, finance and important related
    fields and demonstrate the ability to integrate this information into the business
    decision process.
  • You will distinguish yourself as a business professional that is committed to a strict
    code of ethics.
  • You will demonstrate your commitment to personal professional development and
    lifelong learning.

Things to consider about the CMA Certification


Industry salary surveys have shown that a certified professional earns approximately 22% more than a noncertified Professional.

Competitive Advantage

Businesses around the world rely on CMAs for accounting, finance and information management and most importantly, for the strategic planning and business solutions provided by these qualified Professionals. Companies such as 3M, Boeing, DaimlerChrysler, DuPont, Hewlett-Packard, IBM, Johnson & Johnson, Milliken and Procter & Gamble

Personal Satisfaction

Prove your ability to become a strategic business partner, while you also enhance your selfconfidence, your sense of accomplishment, and your resume.

Professional Recognition

The CMA designation represents a broad business competency and mastery of the management-level skills required to add value, drive business performance, and build quality financial practices within organizations. The programs objectively test and validate expertise in areas essential to analyzing, managing and evaluating business solutions that contribute to the success of an organization. The CMA credential indicate a commitment to excellence based on a strong, ethical foundation and dedication to lifelong learning

Eligibility Criteria

To be eligible for CMA certification, you must fulfill all of the following requirements:

1. Membership in the Institute of Management Accountants
2. Paying the Entrance Fee
3. Satisfying the Education Qualification
4. Satisfying the Experience Qualification
5. Passing scores for all required examination parts
6. Compliance with the IMA Statement of Ethical Professional Practice

Education Qualification

To sit for the CMA exam, the candidate must meet or is expected to meet one of the following:

Hold a Bachelor degree, in any area from an accredited college or university;


Hold a CPA License or other qualifications issued in a foreign country that is comparable to the CPA, CMA, etc.


Achieve an acceptable score in the 50 percentile or higher in the GMAT or GRE Examination.

Experience Qualification

Candidates for the CMA Certification must complete two continuous years of professional experience in management accounting and/or financial management.

This requirement may be completed prior to or within seven years of passing the examination.

Continuous part-time positions of 20 hours per week meeting the definition of qualified experience will count toward this requirement at a rate of one year of experience for every two years of part-time employment.

CMA Program

Part 1 - Financial Planning, Performance and Control (Levels A, B & C)  - (Training Duration : 35 Hrs )

  • Planning, Budgeting and Forecasting (30%)
  • Performance Management (25%)
  • Cost Management (25%)
  • Internal Controls (15%).
  • Professional Ethics (5%)

Part 2 - Financial Decision Making (Levels A,B & C) - (Training Duration : 35 Hrs )

  • Financial Statement Analysis (25%)
  • Corporate Finance (25%)
  • Decision Analysis and Risk Management (25%)
  • Investment Decisions (20%)
  • Professional Ethics (5%)

CMA Examinations

The CMA program is rigorous and relevant. The two-part testing format requires a mastery of the critical skills and knowledge involved in planning, analysis, control and decision support.

Examination Parts Required

Candidates for CMA certification must complete two examination parts:

Part 1: Financial Planning, Performance and Control

(4 hours – 100 multiple- choice questions and two 30-minute essay questions)

Part 2: Financial Decision making

(4 hours – 100 multiple-choice questions and two 30-minute essay questions)

  • 3 hours to complete the multiple choice section and 1 hour to complete the essays.
  • Essays will be presented after you have completed the multiple choice section of the
    exam or after 3 hours, whichever comes first.

  • Once you complete and exit the multiple choice section of the exam, you cannot go
    back. You must remain in the essay section to complete the exam.

  • Note: You MUST answer at least 50% of the multiple-choice questions correctly to be
    eligible to take the essay section.

  • You will not receive immediate pass/fail results because the essay questions will be
    graded off-line.X

  • The scores for the multiple choice section will be added to the scores of the essay
    section for a total weighted score of pass/fail reflected in a scaled score for the entire

  • Candidates are not required to “pass” both sections; the total score determines pass/fail

  • The scores will be mailed approximately 6 weeks after the close of the testing window.
  • You will receive feedback on your score only for the multiple choice section of the exam
    for those who did not pass the exam.

  • **Please NOTE: You cannot take an exam part more than one time during a testing
Examination Administration

The CMA examination is given in a computer-based format.
The exams are offered at an extensive network of Prometric Testing Centers located throughout the WORLD .Exam centers are available according to local customs.
An up-to-date listing of all Prometric Testing Centers can be found at Prometric’s website .

Parts 1 and 2 will be given during the following three testing window periods:


  • January and February
  • May and June
  • September and October
  • If a candidate registers to test during a specific testing window and fails to take the
    exam, the candidate must register again and pay the FULL registration fee.
  • You should file the registration form approximately six weeks before you wish to
    take an exam as this will allow sufficient time for you to receive your authorization
    letter and schedule a convenient appointment at a Prometric Testing Center.
  • Registration for Parts 1 and 2 received on or after February 16th, June 16th, or
    October 16th will be authorized for the next testing window; registrations received
    prior to these dates will be authorized for the current testing window.

Scheduling an Appointment for an Exam

Once you have received authorization from ICMA, it is your responsibility to schedule your appointment at a Prometric Testing Center within the stated time period.

Log onto to locate a testing center, schedule, confirm, reschedule, or cancel your appointment 24 hours, 7 days a week. Instructions are provided by ICMA at the time your authorization letter is emailed that provides further options for scheduling. You should make an appointment at your earliest convenience as ICMA is not responsible if you delay scheduling and there are no longer appointments available within your authorization period. Please be aware that appointments fill quickly and ICMA recommends that you schedule your appointment at least four weeks prior to your desired appointment date. You will be given a confirmation number at the time you schedule an appointment; you should make a note of this number.

If you do not schedule an appointment in the selected testing window, you will forfeit your exam fee.

Cancellation/Rescheduling of an Appointment

If you find that you are unable to keep a scheduled appointment at a Prometric Testing Center, you must cancel no later than 72 hours before the appointment.

To cancel an appointment, have your confirmation number ready and visit If you do not comply with this cancellation policy, you will be considered a “no-show” and you will need to reregister with ICMA and repay the examination fee.

Examination Fees

  • The exam registration fee will be $350 per part.
  • If a candidate registers for both parts at the same time for the same testing window, the
    fee will be $300 per part.

Examination Awards

  • Candidates for the CMA are eligible for examination awards based on the total score of
    parts 1 and 2.
  • To qualify for an award, you must (1) pass each of the two parts on the first attempt,
    and (2) complete both parts within two months (January/February, May/June, or
  • The awards available are described below
  • .Johnson & Johnson sponsors the Gold, Silver, and Bronze Medals. They are awarded to
    the candidates achieving the top scores on the CMA examination.
  • A Student Performance Award is presented to the college student earning the highest
    scores on the CMA examinations.
  • The ICMA Board of Regents presents Certificates of Distinguished performance to other
    candidates attaining superior scores.

Continuing Education Requirement

  • Upon completion of all parts of the CMA exam, you will be required to complete 30
    hours of continuing education annually, 2 hours of which must be in the area of Ethics.
  • Reporting of continuing education is done in conjunction with the annual recertification
  • Credit will be given for subjects relevant to a management accountant’s or financial
    manager’s career development and related to employer needs.
  • The ICMA grants credit for programs sponsored by education organizations, employers,
    business organizations, and professional and trade associations.
  • Programs may be in the form of college courses, seminars, workshops, technical
    meetings, self-study packages, or online courses