CMA PROGRAM

“The heights by great men reached and kept were not

attained by sudden flight, but they while their
companions slept, were toiling upward in the night”.
 CMA COURSE

This is a Introduction to CMA Course and the details are

gathered from various website and sources.

The timetable is prepared on the basis of

Recommended textbook and Software

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 What is CMA?
 CMA= Certified Management Accountant
 CMA certification targets corporate finance
professionals requiring the skills related to
management accounting
 CMA certification indicates proven
knowledge of a variety of business-related
topics, which allows finance professionals to
act more as strategic business partners than
as “number crunchers”

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 More about CMA

 The CMA is a rigorous certification that requires

demonstration of the CMA body of knowledge
through a four part exam and through educational
and experience requirements.

 CMA certification also requires a commitment to

continuing professional education.

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 What is Management Accounting?

Management Accounting is a
professional discipline that has an
integral role in formulating and
implementing the organization’s
strategy
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 When is the CMA offered?

Parts 1 and 2 are offered

 January-February
 May-June
 September-October

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 To Take the CMA Exam

 Join the Institute of Management

Accountants
 Can join online at
http://www.imanet.org

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Education Requirements for CMA

 Bachelors Degree in any area from an

accredited college or university
 All transcripts must be submitted in english and show
the official seal of the college or university
OR
 Score in the 50th percentile or higher on either
the Graduate Management Admission Test
(GMAT) or the Graduate Record Examination
(GRE). OR
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EDUCATIONAL REQUIREMENTS CMA

Professional Qualification comparable to the CMA –

 Charted Financial Analyst (CFA)
 Certified Internal Auditor (CIA)
 Certified Public Accountant (CPA)

CAN TAKE THE EXAM AS A STUDENT

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Experience Requirements for CMA

 2 continuous years of professional experience in

management accounting or financial management

 Qualifying experience consists of positions requiring

judgments regularly made employing the principles
of management accounting and financial
management.

 Such employment includes financial analysis, budget

preparation, management information system
analysis, financial management, management
accounting, and auditing in government, finance or
industry, management consulting, auditing in public
accounting, research, teaching or consulting related
to management accounting or financial management
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 CMA Fees
 $200 Certification Entrance Fee Includes
 Credential review for educational qualification
 Credential review for experience qualification
 Electronic access to the CMA Resource guide to exam
preparation
 Access to the Certification Listserv for peer-to peer
networking
 Final Score Report

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Who are Management Accountants?
 Management Accountants are part of the
management team, working within the
organization at many levels: from top-level
management to support-level accounting and
finance professionals.

 Management Accountants apply their

knowledge and experience in accounting and
financial reporting, budgeting, decision
support, risk and performance management,
internal control, and cost management.

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 Great Time to Be entering
Accounting Profession
• The employment of accountants and
auditors is expected to grow double
through the year 2016 according to the
2008-2009 Occupational Outlook Handbook
from the US Department of Labor

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 Recognition of CMA Program
Worldwide recognized / Reciprocal
arrangements
CMA equivalent to AICWA in India
Mobility across the Globe
Migration with ease (USA, CAN, AUS, NZL)
Career opportunities in MNCs
Comparably higher salary
Pride of highly acclaimed certification
Join IMA and abreast your knowledge

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 Motivation Factors
It is just 2 papers. FPPC, FDM
Each exam is 4 hours
Only 8 – 12 months (approx) to complete
Limited Descriptive format
Mostly Multiple Choice Format and two Short
answers
No need for any preliminary preparation
Take one after one, Credit for pass papers
Exam in any prometric centre around the world
Carryover for Passed Subjects – 3 years
Candidates Pass rate is around 50% globally
Economical $6,000 vs. $20,000 (MBA costs)
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 CMA Self-Study Courses

IMA's CMA Learning System

 www.learncma.com
 Customer support:
 Phone: 800-638-4427
 Fax: 201-474-1600
 IMA offers an extensive toolkit to prepare you for the CMA
exam. The centerpiece of our self study offerings is the CMA
Learning System (CMALS), featuring in-depth textbooks and an
online practice test system available 24/7. Complementing the
CMALS is the CMA Online Intensive Review (OIR), which
provides an intensive self study review of key CMA exam topics.
Select a specific product or combination of offerings depending
on your learning preference. IMA also works with
colleges/universities and international review course providers
to offer high quality instructor-led sessions.

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 CMA Self-Study Courses

Gleim Publications, Inc.

 CMA Review
 P.O. Box 12848
 University Station
 Gainesville, FL 32604
 352-375-0772 or
 800-87-Gleim
 www.gleim.com
 Gleim Publications has been helping candidates pass the
CMA exam since 1980, with the most cost-effective
system combining books, Test Prep CD-Rom, audios,
Gleim Online, and a Personal Counselor to GUARANTEE
your success on the CMA/CFM exam!

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 CMA Self-Study Courses
HOCK international
 CMA Preparatory Programs
 P.O. Box 204
 Oxford, OH 45056
 USA
 866-807-HOCK (4625) or
 281-652-5768
 [email protected]
 www.hockinternational.com
 The HOCK Distance Learning Program is a complete
preparatory program, covering in detail everything you need to
know to pass the CMA exams on your first attempt. HOCK
offers textbooks, flash cards, study software, audio recordings
of live-taught classes, free updates, and teacher support via
phone, e-mail, or our online forum.

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 CMA Self-Study Courses
Rigos CMA Review
 James Rigos, CMA
 CMA Review Manuals
 230 Skinner Building
 1326 Fifth Avenue
 Seattle, WA 98101
 206-624-0716
 www.rigos.net
 Textbooks, Video, Previous CMA Questions &
Solutions, Computer Question Drills

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 CMA Self-Study Courses
ExamMatrix™ CMA Review
 8392 S. Continental Divide Rd, Ste 105
 Littleton, CO 80127
 800-272-PASS (7277)
 www.exammatrix.com
 The ExamMatrix CMA Review has been the premier
review course to busy working professionals for
nearly two decades. We have the only review you
need whether you're sitting for a single part or two
parts! Money back Pass Guarantee. ExamMatrix
software's unique instructional design allows you to
focus on your weak areas.

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 CMA Self-Study Courses

Lambers CMA Review

 203 Turnpike Street #120
 North Andover, MA 01845
 800-272-0707
 www.lamberscpa.com
 Complete CMA Review on DVD; workbooks and set
of 1000 flashcards included.

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 CMA Self-Study Courses

Tutorial Group CMA Review

 120 Paddock Drive
 Columbus, NJ 08022
 Contact: Edward H. Struzynski, CPA, CMA, CFM
 Email: [email protected]
 Phone: 800-435-3769
 www.TutorialGroup.com

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 Exam Duration
Part Subject Hours

1 Financial Planning, Performance & Control 4 hours

2 Financial Decision Making 4 hours

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 Exam Format

Part Subject Time MCQ Essay

Financial Planning, Performance &

1 4hrs 100 2
Control

2 Financial Decision Making 4hrs 100 2

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 Professional
Internal Control Ethics 5% Planning Budgeting
15% & Forecasting 30%

Cost
Management 25%

Performance
Management 25%

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 Professional
Investment Ethics 5% Financial Statement
Decision Analysis 25%
20%

Decision Analysis
& Risk Mngmt.
25%

Corporate
Finance 25%

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 Part 1 Exam Preparation Time Table
Preparation Time Exam Planning
Study & Solving Solving
Prepare Book Software Book Software
Chapter Notes Question Questions Theory Question Questions Total
Study Unit 1 Budgeting Concepts and
Forecasting Techniques 2 5 6 1 2 3 19
Study Unit 2 Budget Methodologies
2
and Budget Preparation 5 6 1 2 3 19
Study Unit 3 Cost Management
2
Terminology and Concepts 5 6 1 2 3 19
Study Unit 4 Cost Accumulation
Systems 2 5 6 1 2 3 19
Study Unit 5 Cost Allocation
Techniques 2 5 6 1 2 3 19
Study Unit 6 Operational Efficiency and
Business Process Performance 4 5 6 1 2 3 21
Study Unit 7 Cost and Variance
2
Measures 5 6 1 2 3 19
Study Unit 8 Responsibility Accounting
and Performance Measures 4 5 6 1 2 3 21
Study Unit 9 Internal Controls I 22
5 5 6 1 2 3
Study Unit 10 Internal Controls" and
Ethics for Management Accountants 5 5 6 1 2 3 22
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Total Hours 200
30 50 60 10 20 30
 Hints for Exam Preparation
 Increase your memory power
 Design a personalized study plan that is customized to fit your busy
 lifestyle
 Eliminate the fear of failure by understanding the exam process
 Decrease test anxiety by increasing your overall knowledge of the
exam process by referring various sources
 Improve your study habits for the CMA exam.
 Maximize the efficiency and effectiveness with which you study
 Make a customized timetable and stick to it

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 The successful candidate will
 Prepare an organized study plan
 Use the proper study materials
 Prepare own notes
 Understand the formulae and apply in the given situation
 Learn about the exam environment, the grading process, and
the exam requirements
 Remain motivated throughout the study process
 Use knowledge about the exam process to control the exam
 Remain confident that you are better prepared than the
average candidate
 Always believe that he or she can pass the CMA exam

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 Hints

Some of the Hints which will help to

succeed in the exam are

 Mind mapping
 Notes for each chapter
 Formulae sheet for each chapter
 Shortcut calculations

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