Cma -Certified management accountant

CMA

In the competitive world of today, professionals recognize the need to be armed with additional qualifications, so that they can rise further in their career.

As an accounting professional, you can give your career the required depth and dynamism through multiple certifications like CMA/CFM, CIA.

CMAs and CFMs are highly paid and respected members of the accounting community. They play an important role in advising upper level management.

CMA stands for Certified Management Accountant.

The designations have been designed to recognize the unique qualifications and expertise of those professionals engaged in management accounting and financial management.

The examinations for CMA/CFM are administered by the Institute of Certified Management Accountants (ICMA) in over 200 locations in the U.S. as well as U.S. Territories, the Virgin Islands, and International Locations (including India).

CMA and CFM are computer-administered, on-demand exams.

No of questions on each exam part 110 (multiple choice questions)

Duration of each exam part 3 hours

Total exam duration for CMA (four exam parts) 12 hours

Total exam duration for CFM (four exam parts) 12 hours

Total exam duration for CMA & CMF (five exam parts) 15 hours

Passing score (each exam part) 70%

Average pass rate by exam part 53%

Use the Gleim products (books and question bank CDs) which are the most effective tool to prepare for the CMA/CFM exams.

Make the best of the 50 units, provided for the 5 modules of study:

Economics, Finance, and Management

1.Microeconomics
2.Macroeconomics
3.International Business Environment
4.Domestic Institutional Environment of Business
5.Working Capital Finance
6.Capital Structure Finance
7.Risk
8.Organizational Theory
9.Motivation and the Directing Process
10.Communication

Financial Accounting and Reporting

1.Accounting Standards
2.External Auditing
3.Conceptual Framework
4.Financial Statements
5.Assets
6.Liabilities
7.Equity
8.Other Income Items
9.Other Reporting Issues
10.Financial Statement Analysis

Corporate Financial Management

1.The Accounting Standard-Setting Environment
2.Working Capital Policy and Management
3.Long-Term Capital Financing
4.Financial Markets and Interest Rates
5.Investment Banking and Commercial Banking
6.Financial Statement Analysis
7.Business Combinations and Restructurings
8.Risk Management
9.External Financial Environment
10.Employee Benefit Plans and Deferred Taxes

Management Reporting, Analysis, and Behavioral Issues

1.Cost and Managerial Accounting Definitions
2.Product Costing and Related Topics
3.Cost Behavior
4.Statements on Management Accounting
5.Planning
6.Budgeting
7.The Controlling Process
8.Standard Costs and Variance Analysis
9.Responsibility Accounting
10.Behavioral Issues

Decision Analysis, Information Systems, and Management Controls

1.Decision Analysis
2.Cost-Volume-Profit Analysis
3.Capital Budgeting
4.Decision Making Under Uncertainty
5.Linear Programming
6.Other Quantitative Methods
7.Information Systems I
8.Information Systems II
9.Internal Control
10.Internal Auditing

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