Post Image
Certified Management Accountant (CMA)

Certified Management Accountant (CMA)

Course Overview:

The Certified Management Accountant (CMA) designation is a professional certification offered by the Institute of Management Accountants (IMA) that demonstrates expertise in financial management and strategic decision-making. The CMA program focuses on financial planning, analysis, control, and decision support.

Duration:

The CMA certification process typically takes 12 to 18 months to complete, depending on the candidate’s pace and preparation.

Average Fees:

The total cost for the CMA certification, including exam fees and study materials, ranges from ₹50,000 to ₹1,00,000. This may vary based on the study resources chosen and additional expenses such as exam re-takes.

Exams to Attend:

  • Part 1: Financial Reporting, Planning, Performance, and Control

  • Part 2: Financial Decision Making

Syllabus (Part-Wise Structure):

Part 1: Financial Reporting, Planning, Performance, and Control

1. External Financial Reporting Decisions (15%)

  • Financial statements and reporting

  • Revenue recognition and measurement

2. Planning, Budgeting, and Forecasting (20%)

  • Budgetary planning and control

  • Forecasting techniques and variance analysis

3. Performance Management (20%)

  • Performance measurement and management

  • Cost management and control

4. Cost Management (15%)

  • Cost analysis and allocation

  • Costing methods and strategies

5. Internal Controls (15%)

  • Internal control systems and frameworks

  • Risk management and compliance

6. Technology and Analytics (15%)

  • Information systems and technology

  • Data analytics and decision support

Part 2: Financial Decision Making

1. Financial Statement Analysis (20%)

  • Analysis of financial statements

  • Interpretation of financial ratios

2. Corporate Finance (20%)

  • Capital structure and financing decisions

  • Risk and return analysis

3. Decision Analysis (25%)

  • Quantitative analysis and decision-making

  • Cost-benefit analysis and scenario planning

4. Risk Management (15%)

  • Identifying and managing financial risks

  • Hedging and risk mitigation strategies

5. Investment Decisions (10%)

  • Investment appraisal and valuation techniques

  • Portfolio management and performance evaluation

6. Professional Ethics (10%)

  • Ethical considerations in financial management

  • Professional standards and conduct

Top 10 Institutions in India for CMA Preparation:

  1. Institute of Management Accountants (IMA)

  2. NIIT Imperia

  3. EduPristine

  4. The Wall Street Prep

  5. Financial Edge

  6. Global Academy of Finance and Management (GAFM)

  7. Kaplan Financial

  8. The Institute of Chartered Accountants of India (ICAI)

  9. American Academy of Financial Management (AAFM)

  10. Academy of Management Studies (AMS)

Top 10 Institutions in Kerala for CMA Preparation:

  1. CMA Academy, Kochi

  2. IMS Proschool, Kochi

  3. BASICS Business School, Thiruvananthapuram

  4. BMA Institute, Calicut

  5. Management Academy, Kochi

  6. Excel Academy, Ernakulam

  7. FMI Institute, Thiruvananthapuram

  8. SBS Institute, Kozhikode

  9. Kochi Business School, Kochi

  10. Vajra Academy, Thrissur

Professional Courses