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Essential Information to Know About CMA

The highest level of management accounting qualification, the CMA or Certified Management Accountant, serves as a global passport for accountants and finance professionals.

The intending candidate must be a member of the Institute of Management Accountants to be considered for CMA Certification (IMA). The candidate must have a Bachelor’s degree from an accredited university in any discipline. They must have two years of professional experience in management accounting or financial management and knowledge in these areas. Finally, the candidate must pass both parts one and two of the CMA course test.

Admissions information for the CMA program

Admission to the ICAI foundation course is available throughout the year. Students who wish to sit for the June Term Examination must apply by the 31st of January of that year, and students who wish to sit for the December Term Examination must apply by the 31st of July of that year.

Any time during the year, you can apply for the CMA Foundation course. Admission to the CMA Foundation can be made both online and offline. You can apply for admission online. To apply for offline admission, go to your chapter’s website (branch). Take a look at the entire address list: Addresses of CMA Chapters and Regional Offices.

 

A CMA’s future career prospects are as follows:

 

  • CMA professionals have a promising future and a promising career ahead of them. This is because the standard and certification are worldwide recognized and accepted, allowing specialists to work in other countries.

 

  • The pay scale is very lucrative. The qualification is advantageous, particularly in the current market and trading environment, where concepts like outsourcing, off-shore development, globalization, and FDIs are essential.

 

  • CMAs are in great demand in all types and sizes of businesses because they can comprehend the inner workings of finance and accounting in a way that is crucial to the company’s growth and development.

 

Subjects of CMA

 

The CMA course has four papers.

 

Paper 1: Economics and Management Fundamentals

 

Paper 2: Accounting Fundamentals

 

Paper 3: Legal and Ethical Foundations

 

Paper 4: Business Mathematics and Statistics Foundations

 

Subjects for CMA Inter / CMA Intermediate

 

In CMA Inter, there are eight papers.

 

Intergroup 1 of the CMA

 

Paper 1: Financial Accounting 

 

Paper 2: Legal & Ethical Issues

 

Paper 3: Direct Taxation 

 

Paper 4: Cost Accounting 

 

Intergroup 2 of the CMA

 

Paper 5: Strategic Management and Operations Management

 

Paper 6: Financial Management and Cost & Management Accounting

 

Paper 7: Indirect Taxation 

 

Paper 8: Company Accounts & Audit 

 

Final CMA Subjects

 

There are eight papers in the CMA Final.

 

Final Group 3 of the CMA

 

Paper 1: Corporate Laws and Compliance 

 

Paper 2:  is about financial management of strategy.

 

Paper 3: Decision Making in Strategic Price Management

 

Paper 4: International Taxation and Direct Tax Laws

 

Final Group 4 of the CMA

 

Paper 5: Business Financial Reporting 

 

Paper 6: Indirect Tax Laws and Practice 

 

Paper 7: Audit of Costs and Management 

 

Paper 8: Business Valuation and Strategic Performance Management

 

The CMA course is gaining a lot of traction among commerce students, especially those who wish to pursue a cost and management accounting career.

 

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