Cma Certifications

In: Business and Management

Submitted By afawcett04
Words 640
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CMA Certification
Franklin University
Professor
10 May 2013

CMA Certification
CMA stands for Certified Management Accountant and it is the “advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance” (How To Become a CMA, n.d.). The Institute of Management Accountants governs the CMA exam and there are quite a few requirements one must meet in order to even be eligible to sit for the exam. First of all, you must be a member of the Institute of Management Accountants to be eligible for the CMA program. The other eligibility criteria includes paying the entrance fee, satisfying the education qualification, satisfying the experience qualification, receiving passing scores for all required examination parts, and compliance with the IMA Statement of Ethical Professional Practice. The entrance fee for Professional members is $225 and the entrance fee for students and academic members (members U.S., Canada, or Mexico) is $75. The education qualification includes having a bachelor’s degree, in any area, from an accredited college or university. Applicants may also have degrees that are not from accredited institutions but they must be evaluated by an independent agency. To be eligible for the experience qualification, applicants must have at least 2 years of continuous professional experience in management accounting and/or financial management. This experience is expected to be gained in full-time employment but continuous part-time positions of 20 hours per week, which meet the definition of qualified experience, will count toward the requirement at a rate of one year of experience for every two years of part time employment (How To Become a CMA, n.d.).
The exam consists of two different parts. Part 1 is Financial Planning, Performance and Control. You have 4 hours to…...

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