US CMA Subject Details

US CMA Subject Details

Introduction to CMA Program

US Certified Management Accountant (CMA) program aims to provide an objective measure of a student’s skills, knowledge ion the field of management accounting. ICMA (Institute of Certified Management Accountants) is tasked with the unique responsibility of ensuring that the curriculum offers the most up-to-date topics which are equally relevant in the practical world. It aims to develop students with necessary knowledge, skills, and abilities that an accounting professional need today.

In order to ascertain presence of relevant skills, US CMA conducts examinations under two parts across the year on a rolling basis. These examinations are conducted using most advanced technologies and test students on industry/practice relevant skills.?????????

Course Overview

US CMA certification requires you to clear only 2 parts(papers) namely:

  • ?Financial Planning, Performance and Analytics
  • ??Strategic Financial Management?

Students can appear for these parts in any order of their choice, thus offering a lot of flexibility to everyone.

Structure

Each part consists of 100 MCQs and two essay-type questions conducted over a total time of four hours. Students will have three hours to complete the MCQ section and remaining one hour to complete the essays. Essays typically consists of around 10-12 written response or calculations based on multiple scenarios using a business situation.

A student must correctly answer at least 50% of the MCQ to be eligible for the essay section.

Section on essays will only appear to students once they have completed attempting MCQs section. Essentially, once a student enters essay section, they cannot revisit MCQs for revision or any other changes.

Passing Score

Students must score a minimum of 360 out of a total of 500 in each part to successfully clear CMA exams.

Time Limit

A student must clear these two papers within a time frame of 3 years to be eligible for CMA certification.

Testing Window

CMA exams are conducted round the year in three different cycles as below. Students can choose to appear on any day across each cycle subject to seats availability.

1.??????May-June

2.??????September-October

3.??????January-February

Tested Skills

CMA course is designed to be the most advanced and forward-looking course to meet the industry demands of not just today, but also of future. It is thus uniquely designed to test below skills in a candidate:

  • ?Knowledge
  • ??Comprehension
  • ?Application
  • ?Analysis
  • ??Synthesis
  • ??Evaluation

CMA Course Specifications

As part of testing students across two papers, CMA examinations assess students’ capabilities in below areas:

  • ?Paper 1: Financial Planning, Performance and Analytics

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  • ?Paper 2: Strategic Financial Management?

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Details of Concepts Covered

We will now get into details of concepts covered in each paper so that a student can make an informed decision according to their strengths and weaknesses.

  • ??Paper 1: Financial Planning, Performance and Analytics

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  • ?Paper 2: Strategic Financial Management?

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