The Certified Management Accountant course (US CMA) is a globally recognised management accounting course offered by the Institute of Management Accountants (IMA). It bridges the gap between business management and financial accounting to help you handle the internal business affairs of a company with respect to the budgets and accounts.
The US CMA exam can be taken during the months of Jan-Feb, May-June, and Sept-Oct. After registering for the exam on IMA’s website, you will be able to register for the exam and make your exam appointment for the same.
The CMA exam is fully computerized. You have the option of taking the exam in one of the following ways.
- By visiting a Prometric Center
- By taking the exam online from home with Remote Proctoring
US CMA Paper Pattern
The US CMA course consists of two parts – Part 1 and Part 2. The total marks that can be obtained for each paper are 500 and you need to get at least 360 in each paper to pass.
You will have the freedom to choose the order in which you want to give your paper, meaning you can either choose to give Part 1 and then Part 2 or vice versa.
The time given to solve each exam part is 4 hours. The exam pattern is distinctly divided into two parts –
- Multiple Choice Questions (100 MCQ questions per part)
- Essay Questions (two essay scenarios with 5 to 6 individual questions).
The candidate will get 3 hours to solve the MCQs and 1 hour to solve the essay questions. You will need to get at least 50% of the MCQs right to be able to move on to the essay section. Please note that once you move on to the essay section, you can not move back to the MCQs section.
When the results of the exam are announced, the exact marks allotted to each MCQ and essay question are not revealed. The results are declared within 40 days or 6 weeks from the exam.
With consistent preparation, US CMA can be cleared within a time frame of 6 to 9 months. A total of 400 hours of study (on the student’s part) should suffice to clear both parts (200 hours of study per part).
US CMA Exam Fees
The examination fees payable to the US CMA body are different for full-time students and professionals. The US CMA exam fees payable to the IMA body are stated as follows.
|IMA Membership Fee||USD 39||USD 245|
|Entrance Fee||USD 280||USD 210|
|Exam Fee||USD 460 per part||USD 345 per part|
While the entire process of registration and exam booking for US CMA can be a little complicated, it will all be handled for you when you sign up for Zell Education’s US CMA course.
Zell Education’s US CMA Course
The US CMA course at Zell Education is taught by CMA-Qualified faculty members with the help of our state-of-the-art Learning Management System called Nimbus. It features interactive study materials, games, quizzes, and pop quizzes that help students understand the concepts and apply them to real case studies.
Program Highlights of US CMA at Zell:
- Premium CMA Study Material from Becker in collaboration with Orbit
- Flexible Timings and Modes of Learning
- 1:1 Student Mentorship
- 100% Placement Assistance
- Test Series and Mock Exams
- Unlimited Practice Tests
- US CMA Qualified Experts as Faculty
- Free Registration Support
Zell Education’s US CMA Fee Structure for Training
Zell offers two types of training options for US CMA students, namely, Pro version and Premium version. They can choose between either of them depending on their schedule availability, convenience and learning preference.
|Zell’s US CMA Course||Training Fees|
|US CMA Pro Version||INR 1,20,000|
|US CMA Premium Version||INR 85,000|
The entire US CMA course will cost you anywhere between INR 1.2 to 1.9 lakhs depending on the exact conversion rate and if you are applying as a full-time student or a professional. This cost is inclusive of all the expenses of the SU CMA course such as the membership fees, exam fees, study material costs, and training fees.
Important exam dates for US CMA 2022-23 are as follows:
|Exam Window||Important Dates|
|May-June 2022||First exam date: May 1, 2022
Last exam date: June 30, 2022
Last day to register: June 15, 2022
|September-October 2022||First exam date: September 1, 2022
Last exam date: October 31, 2022
Last day to register: October 15, 2022
|January-February 2023||First exam date: January 1, 2022
Last exam date: February 28, 2022
Last day to register: February 15, 2022
Certified Management Accountant (CMA) is a credential awarded by the Institute for Management Accountants, USA. This global certification is open to all students who have completed their 10+2 or the high school equivalent. If you are interested in pursuing a career in cma, check out our Certified Management Accountant (CMA) course.
What are the eligibility criteria to get the CMA Certification?
To get the US CMA Certification, you need to complete your graduation and gain 2 years of work experience to get the CMA Certificate. If they fail to do so in the next 7 years, they will lose their exam credit and will have to retake the exam.
Does US CMA give you exemptions in ACCA and vice versa?
ACCA and IMA have an agreement. ACCA members will not be required a graduate degree to get certified for CMA, meanwhile, candidates who clear both CMA papers will get F1, F2 & F3 exempted in ACCA. CMA provides 0 credits for CPA and 0 exemptions for CFA and vice-versa.
What is the scope of a career after US CMA?
After US CMA, you will be able to work in various job roles such as Cost Accountant, Financial Analyst, Asset Manager and Internal Auditor.