Everything About US CMA Course
What is US CMA course?
Going for the US CMA certification is a great career move, particularly when you aspire to make it big in the field of accounting management.
But it’s crucial that you simply know every detail about the US CMA course, qualifications, CMA exam structure, salaries and therefore the opportunities it might bring before stepping into it.
You don’t have to go anywhere else to find all this information, just sit back and read on and I’m sure you’ll have answers to all your CMA certification questions by the end of it.
Becoming a Certified Management Accountant (CMA) shows mastery of accounting and finance with critical skills and knowledge. A certification from CMA increases the possibilities and sets you up for a fruitful career.
Better still, it has been proven that getting a CMA increases your earnings potential!
For more details about US CMA course, click: https://www.youtube.com/watch?v=3PF810UZdYM&t=59s
Eligibility for CMA
To get the CMA certification, you must have:
Membership of IMA
A Bachelor’s degree from an accredited university
Two years of relevant experience
Passed both the parts of CMA Exams
When are you able to appear for the examination?
In the following months, the candidate will appear for the examination
February and January
June and May
October and September
Prometric, which has centers worldwide, administers CMA tests. You will have to arrange your tests at least 72 hours in advance (It is advisable to schedule at least 4 week in advance).
Exam Content:
Part 1 — Financial Planning, Performance, and Analytics.
· External financial reporting decisions (15%)
· Planning, budgeting and forecasting (20%)
· Performance management (20%)
· Cost management (15%)
· Internal controls (15%)
· Technology and Analytics (15%)
Part 2 — Strategic Financial Management
· Financial statement analysis (20%)
· Corporate finance (20%)
· Decision analysis (25%)
· Risk management (10%)
· Investment decisions (10%)
· Professional ethics (15%)
An accounting professional who combines strategic planning and management with traditional financial accounting is a Certified Management Accountant or CMA. For a CMA, the average salary is about $85,000 per year, but there are many variables that can determine CMA salary, such as experience, location, specific job description for CMA and more.
To learn everything you need to know about CMA requirements, examinations, salary ranges, and jobs, keep reading.
What is the role of a US CMA?
In many different roles within a company, a Certified Management Accountant can function. US CMA may perform a cost accountant’s regular duties, but may also inform strategic decisions about the numbers they have crunched. In public or private companies, doing corporate, consulting, or other forms of management accounting, a CMA can be found.
US CMA Job Description & Responsibilities:
· Budgeting
· Reporting & Presenting financial analysis
· Forecasting
· Mentor accounting teams
· Strategize to decrease spending and increase revenue
· Advise on investments
· Work closely with management and executive teams
Career Path of CMA:
Not only does a CMA have higher pay and more diverse positions than a conventional accountant, a CMA is also a rare slot for prospects for advancement. A CMA is the perfect candidate for a controller, VP of Finance, Chief Operating Officer (COO), or Chief Executive Officer position due to its managerial experience. A company should also train an accountant to be certified by the CMA and prepare them for a potential position in executive management.
What is US CMA salary?
CMA salary depend on several factors. CMA salaries can be adjusted up and down by education, experience, location, company type, incentives, and promotion opportunities.
Entry Level CMA — $80,000
Experienced CMA — $125,000
CMA vs CPA
As you can see, in today’s market, both CPAs and CMAs are well paid, but because of the additional value they bring to the table, a CMA will almost always make more money. According to the CMA Exam Academy, without additional certifications, a CMA can earn 47% more than an accountant.
Will you get a CPA or a CMA certification? Will a CPA or a CMA be hired? Between the two designations, there are several similar abilities, but the variations can be pivotal.
CPA:
Audits, taxation, and general accounting are the emphasis. You must collaborate with a CPA mentor to record more hours of continuing education per year.
CMA:
It needs two years of work experience and a more intense review process using planning and management expertise in the application of accounting.
After completing CMA Career Opportunities
In the domestic as well as the global market, having the CMA certification would open up a lot of doors for you. This will encourage you to improve your financial, accounting, and leadership skills, which will enhance your career prospects and help you stand out from the rest. Some of the work positions you plan to have after finishing CMA USA are:
Finance Manager
Financial Analyst
Financial Risk Manager
Financial Controller
Cost Accountant
Chief Financial Officer
Cost Manager
Relationship Manager
Conclusion:
The above article gives you a detailed analysis of the US Salary in India. Still, you have any queries in the US CMA course, cost, duration, and syllabus, feel free to contact Simandhar Education (The largest training provider for US CPA & US CMA courses in India) — 91 7780273388.
About Simandhar Education:
Simandhar is the official partner of Becker and channel partner of AICPA — Largest Training provider for US CPA, US CMA, IFRS and EA, HRCI courses in India.
Learn how to clear your CMA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry Experts. We’re here to provide you with all the help that you need in order to ace your CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CMA USA in India.
