The Certified Management Accountant (CMA) designation is a highly respected credential awarded by the Institute of Management Accountants (IMA) which is a US-based worldwide association for accountants and financial professionals working in business.
The CMA designation provides an objective measure of an individual’s knowledge and competence in the field of management accounting and financial management.
CMA is the US equivalent of the Indian Cost Accountant qualification from the Institute of Cost Accountants of India (formerly ICWAI).
CMAs have knowledge of:
- Financial Planning and Analysis
- Financial Management
- Internal Controls
- Risk Management
- Cost Management
- Performance Management
- Decision Analysis
- Professional Ethics
The credentials and knowledge base of a CMA is a big advantage when working with MNCs, financial services or consulting firms.
The CMA exams comprise 2 parts:
Part-1: Financial Planning, Performance and Control,
Part-2: Financial Decision Making