Program Overview – B.Com – (H) CMA

US CERTIFIED MANAGEMENT ACCOUNTANT (US CMA)

The Certified Management Accountant (CMA) is the highest level of certification in Management accounting awarded by the Institute of Management Accountants (IMA) USA. The US CMA Course is globally recognized, advanced-level credential appropriate for Accountants and financial professionals in business.

Why CMA?

For more than 40 years, the CMA® (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. Why? Because CMAs can explain the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.

How much does a CMA earn?

CMAs earn 47% more in the U.S. than professionals without the CMA. In fact, a 22 – year old CMA could enjoy more than $500,000 in additional lifetime earnings. More importantly, the certification is a pathway to a more successful business career: one that opens doors, builds confidence, closes skills gaps, and lets you tap into a network of 100,000 professionals around the globe. As our CMAs will tell you, it's an investment that pays a lifetime of dividends and lets you rise above the competition. The results are in: IMA's Global Salary Survey and third-party studies confirm that CMAs get a career and earnings premium.

In the U.S., median total compensation is 47% higher for CMAs over peers without the CMA or CPA.

Globally, the median total compensation is 67% higher for CMAs over non- CMAs.

CMA: Everything You Need to Know

The CMA Exam: Two Parts covering 11 Competencies

Part One: Financial Reporting, Planning, Performance, and Control

• 15% External Financial Reporting Decisions
• 30% Planning, Budgeting, and Forecasting
• 20% Performance Management
• 20% Cost Management
• 15% Internal Controls

Part Two: Financial Decision Making

• 25% Financial Statement Analysis
• 20% Corporate Finance
• 20% Decision Analysis
• 10% Risk Management
• 15% Investment Decisions
• 10% Professional Ethics

CMA - Pass Rates

• 50% pass rate globally
• 4,000 CMAs granted each year on average
• 55,000 CMAs awarded to date, each and every one earned through testing

CMA IN THE INDIAN CONTEXT

CMA is the US equivalent of the Indian Cost Accountant qualification from The Institute of Cost Accountants of India (formerly ICWAI).

CMAs have knowledge of:

Financial Planning and Analysis

Financial Management

Internal Controls

Risk Management

Cost Management

Performance Management

Decision Analysis

Professional Ethics

The credentials and knowledge base of a CMA is a big advantage when working with

MNCs, financial services or consulting firms

Career opportunities

Career opportunities for CMAs include but are not limited to:

Multi-national companies

Financial services or consulting firms

US-based firms & organizations

Opportunities for CMAs are boundless as they often expand their careers beyond the traditional management accounting realm to provide related services for many different types of organizations.