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What is CMA?

The Certified Management Accountant (CMA) credential is the professional designation for management accountants and financial managers. The Certificate provides distinction in today's economic climate and is an opportunity to certify your expertise in business areas that are critical to the decision-making process.

The CMA program has four objectives:

• To establish management accounting as a recognized profession by identifying the role of the management accountant and financial manager, the underlying body of knowledge, and course of study by which such knowledge is acquired;
• To encourage higher educational standards in the management accounting field;
• To establish an objective measure of an individual's knowledge and competence in the field of management accounting; and
• To encourage continued professional development by Management Accountants.

The Examination

The candidate must successfully complete a rigorous examination that serves as an objective measure of that individual's knowledge and competence in the field of management accounting. Moreover, the exam questions are constructed to test an individual's ability to analyze information and communicate the results in a meaningful and understandable manner to aid management in making decisions.

The CMA Examinations will be given in a computer-based format. The examinations will be 100% objective and will consist of carefully constructed multiple-choice questions along-with, 2 essay questions for 30 minutes each will test all levels of cognitive skills. The exams will be offered daily (except Sundays and holidays) at an extensive network of Sylvan Technology Centers located throughout the U.S. and internationally.

The exam consists of two parts:

Part 1: Financial Planning, Performance and Control

Part 2: Financial Decision Making

Admission to the Program

Candidates seeking admission to the CMA Program must meet one of the following criteria:

1. Hold a baccalaureate degree from an accredited college or university;
2. Hold a CPA certificate or foreign equivalent;
3. Hold the foreign equivalent to the CMA; or
4. Achieve a score satisfactory to the Credentials Committee of the Institute on either the Graduate Record Examination or the Graduate management Admission Test. Note: This option to qualify for admission will not be available after June 30, 1996.

In addition, the candidate must:

1. Be or become a member of the Institute of Management Accountants;
2. Be employed or expect to be employed in management accounting or financial management; and
3. Submit the names of two character references.

Read Things to consider for CMA for details on:

• Salary
• Competitive advantage
• Personal satisfaction
• Professional recognition
• Why NAIS

Click here to download the course brochure.

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