Certified Management Accountant (CMA) Exam Overview : 2 Parts, covering 12 Core Competencies
Passing Score: Minimum of 360 out of 500 for each part.
Part 1: Financial Planning, Performance, and Analysis
Exam Duration:4 hours
100 Multiple-Choice Questions (MCQs): 75% of the total score
2 Essays (30 minutes each): 25% of the total score
Preparation: 200 hours of training + 50 hours for revision and practice
Excel Skills for Financial Modeling:
Financial Statements: Recognition, measurement, valuation, and disclosure
Navigating Excel with keyboard shortcuts
Data Sorting and Advanced Filtering
Freezing cells, rows, and columns for easier navigation
Enhancing data with conditional formatting for visual appeal
Building linkages for effective Financial Modeling
Basic Excel formulas: SUM, PRODUCT, DIVISION, MULTIPLICATION, PASTE SPECIAL, CONCATENATE
VLOOKUP and HLOOKUP for data retrieval
MATCH function for precise data location
Combining functions: VLOOKUP + MATCH, INDEX + MATCH, VLOOKUP + IF
Calculating CAGR
Using the TRANSPOSE function
IF function for conditional statements
Table and Pivot Table functionalities
Calculating IRR
Cell Referencing for dynamic models
Financial formulas, e.g., EMI calculator
Conditional formulas: SUMIF, COUNTIF, SUMIFS
SUMPRODUCT for array calculations
Advanced VLOOKUP applications
Strategic Planning
Core Budgeting Concepts
Forecasting Techniques
Budgeting Methodologies
Annual Profit Planning with Supporting Schedules
Executive-Level Planning and Analysis
Cost and Variance Analysis
Responsibility Centers and Reporting Segments
Performance Metrics
Measurement Frameworks
Costing Methodologies
Overhead Cost Control
Supply Chain Optimization
Enhancing Business Processes
Governance, Risk, and Compliance (GRC)
System Controls and Security Measures
Information Systems
Data Governance
Technology-Driven Finance Transformation
Data Analytics
Part 2: Strategic Financial Management
Exam Duration: 4 hours
100 Multiple-Choice Questions (MCQs): 75% of the total score
2 Essays (30 minutes each): 25% of the total score
Preparation Requirements: 200 hours of training + 50 hours for revision and practice
Fundamental Financial Statement Analysis
Financial Ratios
Profitability Assessment
Specialized Issues
Risk and Return
Long-Term Financial Management
Capital Raising
Working Capital Management
Corporate Restructuring
International Finance
Cost-Volume-Profit Analysis
Marginal Analysis
Pricing Strategies
Enterprise Risk
Capital Budgeting Process
Methods for Analyzing Capital Investments
Capital Budgeting Procedures
Techniques for Evaluating Capital Investments
Certified Management Accountant (CMA Course)
The CMA certification is a highly regarded program in accounting and finance offered by the IMA (Institute of Management Accountants). The CMA course represents the pinnacle of certification in management accounting, enabling you to develop a truly global career in the field of finance.
By enrolling in the CMA course, you will gain expertise in both financial accounting and strategic management. This qualification not only allows you to join an elite network of professionals but also positions you for lucrative and challenging roles, including financial controller and Chief Financial Officer (CFO).
Abbreviated as CMA, the Certified Management Accountant (CMA) Course they offers a globally recognized qualification in management accounting. It equips you with the ability to provide management with relevant financial information to facilitate decision-making.
The CMA Course is divided into two parts, each consisting of 100 multiple-choice questions and 2 essays:
Part 1: Financial Reporting, Planning, Performance Analytics, and Control
Part 2: Strategic Financial Management
By completing this course, you will enhance your resume with skills in financial analysis, strategic planning, risk management, and decision-making. Its international recognition significantly boosts your career opportunities in high-paying finance and accounting positions.
Delving into the details of the US CMA course reveals several benefits that appeal to young professionals:
Complete just 2 exams covering 12 competencies
Exams are offered locally in India
Complete both parts within a brief period of 6 months
High pass rate of 45%
Requires 2 years of work experience in Accounting and Finance
Globally recognized in over 150 countries
Join a community of more than 140,000 candidates worldwide
Potential for significant salary increases
Elevate your status to that of decision-makers
Who doesn’t aspire to work for some of the largest companies in the world? With a focus on management accounting, the US CMA course can pave the way for lucrative positions in organizations such as:
The Big Four (Deloitte, KPMG, EY, and PwC)
Accenture
JP Morgan
Morgan Stanley
Grant Thornton
Genpact
Barclays
You can secure essential roles related to financial planning, decision-making, analysis, reporting, risk management, budgeting, project management, financial modeling, and more.
The US CMA course can elevate your career to the top echelons of a company. Naturally, as you gain experience, your earnings and responsibilities will increase. At the entry level, you can anticipate a salary ranging from INR 5 to 7 LPA in India. However, with experience, you could earn significantly more, potentially reaching up to INR 15.5 LPA.
Ideal for undergraduate students aspiring to build a career in management and/or finance
Designed for graduates seeking to advance their careers in management and/or finance
Targeted at postgraduates (MBA, M.Com) who find it challenging to progress professionally due to the absence of a professional qualification
Suitable for CAs aiming to advance in multinational corporations (MNCs) or seeking global career opportunities
For CMAs (India) who face difficulties in securing quality opportunities in MNCs or are looking to establish a global career
For candidates wanting to pursue a professional qualification at their own pace
Open to graduates and postgraduates from any discipline looking to begin their careers in finance and/or accounting
For individuals not interested in pursuing careers in auditing or taxation
Aimed at experienced professionals who lack a professional qualification
Accessible to anyone, regardless of their background, who is looking to build a career in accounting, finance, or management in India and/or globally
The CMA program is open to all candidates seeking to enhance their knowledge in investment management, corporate finance, equity research, and other related finance areas. We celebrate every level of achievement, recognizing the successful completion of each stage through The Finsaviours School Of Finance. After finishing each level, candidates become eligible for placement assistance.
