FAQS

These are our responses to the MOST FREQUENTLY ASKED QUESTIONS regarding CMA.

What is CMA?

CMA (Certified Management Accountant) is a professional course offered by The Institute of Certified Management Accountants Australia (ICMA) which was set up to promote and regulate the Cost and Management Accountancy profession throughout the Globe.

What are the benefits of CMA?

1. A gateway to a more successful business career with higher earning potential, commanding a salary 28% greater than non-certified peers in Australia; and 56% more globally.
2. A variety of positions with titles from financial analyst and controller to vice president- finance and chief financial officer (CFO).
3. The potential for increases in salary, even during a difficult economic environment.
4. Greater credibility both domestically and abroad as a strategic advisor and business partner
5. A passport to a variety of businesses from multinational corporations to small and mid-size
firms operating in countries all over the world.
6. National & International networking

Is CMA an international degree?

Yes, CMA is equivalent to any international degree. CMA is equivalent worldwide.

Is the CMA qualification recognised for immigration into Australia?

The ICMA was not formed as a body for members to apply for immigration to Australia. Instead, it was set up for already qualified accountants (CAs, CPAs, CIMA, ACCA etc.) to obtain post-graduate level specialisation in managerial accounting. As such, the institute does not enter into correspondence as to if CMA is a recognised qualification for purposes of migration requirements to Australia. It is aware, however, that some CMAs have obtained migration to Australia on a case-by-case basis.

The Australian government has appointed three migration assessment authorities for the accounting profession. The ICMA has had extensive correspondence with one of the bodies, Chartered Accountants of Australia and New Zealand (CAANZ) and has been assured in writing that any CMA with a degree accounting will be eligible to apply for migration assessment via CAANZ.

Please note that the ICMA’s Certified Management Accountant (CMA) credential has been assessed for equivalency on the New Zealand Qualifications Framework (NZQF) at the Level 9 (Master’s Degree) by the New Zealand Qualifications Authority (NZQA). Please refer to this when submitting your migration assessment application to CAANZ.

What is the benefit of doing CMA in Nepal?

A CMA degree provides certification to work with international clients. The chances of getting a job in a multinational company increase however again it depends on the person’s objective to join CMA.

What is the eligibility of the course?

If you have more than 5 years of work experience with an MBA degree or 10 years of work experience with a bachelor’s degree or a certified Accountant of any accounting regulatory body, you are eligible to join the course.

What is the class timing?

Classes take place on weekends Saturdays and Sundays. There will be 56hrs of classes twice a year during March & September.

What is the duration of the course?

The CMA intensive program is for 56hrs followed by Research preparation and Research Defence.so, it can be completed by 6-9 months at minimum.

What is the fee structure of the CMA program?

The fee structure changes according to the current Australian dollar value. For more information about fees, you can drop an email @info@aman.org.np or contact 015201607

What are the dates to join CMA program?

Students can join on March and September intake.

Is it difficult to get a CMA certificate?

We have very good percentage of pass rate, globally 90-94% is our current record.

Are there exams to appear on CMA?

The assessment would be research based or exam. However if you are a qualified accountant and have over 20-years relevant experience you be exempted from having to sit for exams (under ICMA’s 20-year rule).

Are there any discounts/grants available?

We offer early bird discounts on both of our intakes.