CMA- Cost Management Accounting


A CMA is a specialist in corporate finance and management accounting. Their specific specialty is using financial and accounting data and information to illuminate business systems. As the IMA puts it, "CMAs can make sense of the 'why' behind numbers, in addition to the 'what. And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.

IS CMA A GOOD CAREER OPTION?

As a general rule, yes, the CMA is a good career. You can see the work scope open doors recorded previously. You can likewise see the numerous different advantages, for example, pay increments, work trustworthiness, and individual acknowledgment. These are only a portion of the reasons competitors choose to go for their CMA.

CAREER OPPORTUNITIES FOR CMA

  • Cost Accountant

  • Internal Auditor

  • Finance Manager

  • Treasurer

  • Budget Analyst

  • Senior Accountant

  • Financial Analyst

  • Budget Analyst

  • Controller

ELIGIBILITY TO JOIN CMA

Passed your Senior Secondary School Examination (10+2) from an administration-perceived Board of Education and Passed the Foundation Course of the Institute of Cost Accountants of India (ICMAI) Graduated in any discipline other than Fine Arts from a perceived leading body of training.


SYLLABUS OF CMA


CMA Exam Part 1

Part 1 Of The CMA Certification Test Covers Financial Planning, Performance, And Analytics. This 4-Hour Long Exam Is Comprised Of 100 Multiple-Choice Questions And Two Essay Questions

  • External Financial Reporting Decisions

  • Cost Management

  • Planning, Budgeting, and Forecasting

  • Internal Controls

  • Performance Management

  • Technology and Analytics


CMA Exam Part 2

CMA Part 2 Syllabus Is Mainly Related To Financial Decision-Making. Important Topics Are Ratio Analysis, Corporate Finance, And Ethics.

  • Financial Statement Analysis

  • Risk Management

  • Corporate Finance

  • Investment Decisions

  • Decision Analysis

  • Professional Ethics


CMA Course Package Include

  • 170+ Hours of intensive classroom training from experienced professionals covering both parts

  • Expert guidance on clearing CMA exams

  • Online material comprising of 80+ hours video instruction, 1,000+ exam questions, 800+ digital flashcards and more

  • Placement assistance for successful candidates





Exam Format

The CMA exam is separated into two areas, called "parts." Each part covers various subjects. The finominal education plainly expresses the level of every point the test covers.


Part One: Financial Planning, Analytics, and Performance


  • 20% Performance Management

  • 15% External Financial Reporting Decisions

  • 15% Internal Controls

  • 15% Technology and Analytics

  • 20% Planning, Budgeting, and Forecasting

  • 15% Cost Management



Part Two: Strategic Financial Management


  • 25% Decision Analysis

  • 10% Risk Management

  • 10% Investment Decisions

  • 15% Professional Ethics 8

  • 20% Financial Statement Analysis

  • 20% Corporate Finance

Is the CMA Exam Harder Than the CPA Exam?


The CPA has a marginally higher pass rate of a normal of half versus the CMA normal of around 43%. This is interesting since those with a CPA will generally have higher normal compensations, so it very well may merit thinking about which test is ideal for you. The proceeding with schooling for CPAs is really overbearing, however exclusively by ten hours of the year, or short of what one hour of proceeding with training each month.

FINANCIAL COSTING 

The total fees of CMA is INR 1 lakh 20 thousand 

For the first part you have to pay 20 thousand

And for the second part you have to pay 60 thousand 


CMA Study Plan

Manage your study time effectively. See your opportunity to pass development as you progress. Unlock all the study devices and survey applications inside your study plan. The sooner you start to prepare for your exam, the better results you can expect   CMA® Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by Finominal Education™. 


BENEFITS OF JOINING FINOMINAL EDUCATION 


The CMA- Cost Management Accounting controlled by the Finominal Education Institute, offers an alumni-level educational plan and assessment program intended to extend your functioning information and down-to-earth abilities connected with investment decision-making This CMA Level 1 Training course (160+ hours of Live classes) provides you with an excellent opportunity to equip exceptionally well for the CMA exam and pass the exam in your first attempt. for more information call or WhatsApp us on 9650353883.


Finominal Education is a perfect launchpad to gain financial expertise our well-versed faculties provide the aspirants with a healthy and competitive environment and strive to impart knowledge to gain performance results.

Comments

Post a Comment

Popular posts from this blog

What is the CMA certification?

Image
As far as accounting diplomas go, the Certified Public Accountant (CPA) certification often gets more recall than the Certified Management Accountant (CMA) certification. Having said that, the (CMA) certification is on the rise internationally and focuses on the corporate accounting skills required to compete in today’s rapidly evolving business landscape. As data analytics becomes a critical requirement for long-term success , employers are increasingly thinking of certified management accounting for current forecasting and data-driven decision-making that sets the stage for future gain. What does CMA stand for? First, of all what's a CMA? And, what does CMA stand for? The (CMA) certification is a professional diploma offered through the Institute of Management Accountants (IMA) that demonstrates knowledge in management accounting and corporate finance. Earning a CPA is a demand for moving up in a public accounting firm and a condition for many corporate accounting positio
Read more

How to prepare for FRM

Image
  An international professional certification offered by the Global Association of Risk Professionals (GARP ) designation is the Financial Risk Manager (FRM). The candidate needs to complete two levels of practice-oriented exams which cover mostly topics in finance & risk management and demonstrate 2 years' professional work experience in the same field in order to reach the FRM designation . FRM Part I Examination Pattern FRM Part I is a four-hour long exam (starting 8 AM in the morning) held on the 3rd Saturday of May and November every year. The paper consists of 100 MCQs focusing on tools used to evaluate financial risk: fundamental risk management concepts ,  quantitative analysis , financial markets and products, and risk models and valuation. Preparation Material 'Schweser Notes for FRM Exam' provides sufficient material to clear the FRM exam in a compact way. But, the level of sample questions in Schweser is a little below that of the actual FRM examin
Read more
Image
An increase in financial designations has flooded the professional marketplace. With the increased graininess of the profession and the development of financial markets comes the need for greater specialization. How useful a credential is to its holder and employees depends upon one's area of focus and the scope of the designation . Certificates a document that confirms an individual has attained is qualified to perform a certain line and a specific knowledge set of work is a Certificate. Certificates can be obtained through short-term courses o r long-term academic programs. Certificates stand in variance to licenses, which are legal systems granted by a state allowing an individual the ability to perform a certain profession. The utility of the different certificates varies depending on whether the financial services being provided are market financial services or institutional financial services. Retail Financial Services The providers deal directly with individual client
Read more