About CMA
CERTIFIED MANAGEMENT ACCOUNTANT(CMA ) Program Description
CMA PROGRAM – A C-Suite Postgraduate Level Program
Accountants Australia (ICMA) was set up with the objective of promoting and regulating the Cost and Management Accountancy profession throughout the Globe.
The CMA is the flagship program of the ICMA. On completion, participants will have developed advanced skills of analysis, evaluation and synthesis in the areas of strategic cost and management accounting and business analysis; and, in the process, obtained an in-depth awareness of the current developments in the profession.
The programme can only be taken by a Graduate or Associate member of the Institute; or a student member who has met the pre-requisite entry requirements of the program.
The programme is not designed as one in which highly structured methods and rules are applied to various topics in order to find one “correct” solution or answer for problems or issues. Rather, it is more a possibilities quest, in which various controversial conceptual and practical issues will be reviewed and analysed, with due recognition to the reality of alternative value judgements. Given the history of recent developments in the profession and business practices, this approach to the study of the subject of strategic management accounting and business analysis is considered feasible and warranted.
Furthermore, evidence is available that in managerial accounting and business analysis, procedures continue to evolve and develop. Much of this dynamic activity is in response to changing business practices and policies and the complexity of modern firms.
For more details please click the link below:
https://www.cmawebline.org/education/cma-program.html
Benefits of a CMA Certification
Earning a higher salary: CMAs earn significantly more than their non-certified counterparts.
Specialization: The CMA certification is designed to help accountants specialize in management accounting, which is a broad field that encompasses financial reporting, financial planning and analysis, internal controls, and risk management. CMAs are often involved in strategic decision-making and play a key role in helping businesses achieve their financial goals.
Building global recognition: The CMA certification is recognized in over 180 countries, making it a valuable credential for accountants who want to work internationally. CMAs are often sought-after by multinational corporations and other international organizations with global operations.
Increased confidence: Earning the CMA certification demonstrates your knowledge and skills in management accounting. This can give you more confidence in your abilities and help you to perform better at your job.
Greater satisfaction: CMAs often report being more satisfied with their careers than non-CMAs. This is likely due to the fact that CMAs are typically involved in more challenging and rewarding work.
More opportunities to give back: CMAs are often involved in leadership roles in their organizations and communities. This gives them the opportunity to make a difference and help others.
In addition to these benefits, CMAs also enjoy a number of other advantages, such as:
- Increased job opportunities
- Greater career advancement potential
- Enhanced credibility and status
- Access to professional development resources and networking opportunities
Eligibility
The programme can only be taken by a Graduate or Associate member of the Institute; or a student member who has met the pre-requisite entry requirements of the program.
Subjects to be taken – Both subjects
Duration – Seven Days (Qualifying Workshop)
Qualified Accountants
If you are a qualified accountant from an accounting body acceptable to the institute.
Graduate in Finance
If you have a Degree in finance and accounting from a university with 10 to 20 years of experience acceptable to the institute.
If you have a Bachelors Degree in finance and accounting from a university with 5 to 10 years of experience years of experience acceptable to the institute.
If you have a Bachelors Degree in finance and accounting from a university with less than 5 years of experience – Need to wait until you complete the minimum 5 year professional experience requirement.
Duration of the Course
The Research-based course covers a duration of 6-9 months.