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Certified Management Accountant (CMA - US)

Certified Management Accountant (CMA - US)

Course Overview: The Certified Management Accountant (CMA - US) certification is offered by the Institute of Management Accountants (IMA) and is globally recognized for professionals in management accounting and financial management. It focuses on financial analysis, strategic decision-making, and organizational performance management, making it an ideal choice for finance professionals seeking advanced expertise.

Duration: The CMA - US course can be completed in 6 to 12 months based on a student’s pace and preparation.

Syllabus (Part-Wise Breakdown)

The CMA - US certification comprises two parts:

  1. Part 1: Financial Planning, Performance, and Analytics

    • External Financial Reporting Decisions: Financial statements and reporting, recognition, measurement, and disclosure.

    • Planning, Budgeting, and Forecasting: Budget types, variance analysis, forecasting techniques, and scenario planning.

    • Performance Management: Cost and variance measures, profitability analysis, responsibility centers.

    • Cost Management: Methods and techniques, alternative cost objectives, measurement concepts.

    • Internal Controls: Governance, risk, and compliance, auditing processes.

    • Technology and Analytics: Information systems, data governance, data analytics techniques.

  2. Part 2: Strategic Financial Management

    • Financial Statement Analysis: Ratio analysis, income, balance sheet, cash flow, and financial health analysis.

    • Corporate Finance: Risk management, capital structure, capital budgeting.

    • Decision Analysis: Cost behavior, pricing decisions, risk assessment, and management.

    • Risk Management: Enterprise risk management, risk identification, and measurement.

    • Investment Decisions: Valuation, capital investments, mergers, and acquisitions.

    • Professional Ethics: Ethical considerations, compliance with ethical standards.

Average Fees:

  • CMA Course Fees: Approximately INR 70,000 - 1,00,000 (this includes IMA membership, study material, and exam fees).

  • Additional Costs: Candidates may also incur costs for supplementary coaching, which can range from INR 30,000 to 50,000.

Exams to Attend:

  • CMA Exam: The certification requires clearing two exams (one for each part). These exams are conducted by Prometric centers worldwide, including in India. The exam format includes 100 multiple-choice questions and two essay questions, with a focus on real-world scenarios.

  • Eligibility: Candidates should have a bachelor’s degree and two years of relevant work experience (which can be earned before or after the CMA certification process).

Top 10 Institutions in India for CMA - US:

  1. Miles Education, Pan-India

  2. EduPristine, Pan-India

  3. Grant Thornton Academy, Mumbai

  4. VGLD Academy, New Delhi

  5. IMS Proschool, Mumbai

  6. The Wall Street School, New Delhi

  7. Simandhar Education, Hyderabad

  8. Concorde Academics, Bangalore

  9. FINPLAN Institute of Finance and Management, Mumbai

  10. Logic School of Management, Cochin

Top 10 Institutions in Kerala for CMA - US:

  1. Logic School of Management, Kochi

  2. Nexgen Academy, Thiruvananthapuram

  3. TIS Academy, Kochi

  4. TimePro Academy, Kozhikode

  5. Talent Academy, Thrissur

  6. Inspire Academy, Ernakulam

  7. Phoenix Institute, Kottayam

  8. VidyaBharathi Group of Institutions, Palakkad

  9. CMS Academy, Kollam

  10. Elite Institute of Professional Education, Kochi

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