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.
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