US CMA exam

We are in the 2022 career path to select our destination. Importantly, when it comes to different career options for a commerce graduate, the most common careers after B. Com includes US CMA, MBA, M. Com, CA to name a few. Among these, US CMA is one such impressive international course in field of management and accounting.

CMA stands for Certified Management Accountant and is offered by the Institute of Certified Management Accountants (IMA). Earning it can give you the career boost you are looking for. Moreover, they have an excellent absorption rate all over the world. Currently, CMA has presence in over 140 countries including the United States (US).

1. Benefits of US CMA

1.1 Career Growth

One of the biggest benefits of having a CMA USA is career growth and development. Several mid and senior-level individuals who wish to acquire expertise in the world of finance, management, accounting and business take-up CMA certification.

1.2 Global Opportunities

CMA USA is a global professional certification and recognized by countries like China, India, UK, Canada, Middle East countries. Above all, it presents an opportunity to settle and work abroad as well as learn about global practices and business ethics.

1.3 Increased financial success

CMA is a lucrative opportunity and can lead to tremendous financial success.

a. 58% of candidates with a CMA USA certificate see an increase in their salaries and benefits.

b. Nearly 37% of candidates between the age 20-29 globally have a salary advantage.

1.4 Short-Duration course

In addition, another advantage of taking up CMA USA is that it can be completed in 12 to 18 months. The exam is conducted thrice in one year giving ample opportunities to candidates to finish their course on time- January and February, May and June & September and October.

1.5 Versatile Certification

CMA is a versatile degree and opens to candidates from an array of specializations. Candidates with a minimum of 2 years of work experience and a bachelor degree programs from areas like engineering, business administration, economics, accountants and finance can take up this course.

2. Eligibility Criteria for US CMA

To pursue this prestigious program by IMA, you need to fulfill certain prerequisites specified by the institution. Candidates with discrepancies in their application or those who fail to meet the requirements will not be allowed to get admission in the course. Mentioned below are major entry requisites of US CMA :

2.1 IMA Membership

2.2 A bachelor’s degree from a renowned institution in a related field.

2.3 You must possess 2 continuous years of work experience in Management Accounting or Financial Accounting.

2.4 You must abide by the IMA’s Statement of Ethical Professional Practice.

3. Exam Structure

The US CMA exam is available in two parts . In order to gain this certification, it is essential for you to qualify for both these parts.

Part 1 or Part 2 examination can be taken in any order but you will only be qualified for the next one if you clear the first examination.

The registration for an exam is valid only for one exam window. Therefore, you have to register again if you wish to appear again for the exam.

The testing window opens up every year in the months of January/ February, May/ June, September/ October. Thus, you can book the slot of your choice and take the examination accordingly.

The exam is a computer-based examination. Each exam duration is 4 hours. It includes 100 MCQ questions and two 30-minute essays.

Top US CMA Exam tips – the preparation strategy [ 2021 Update] :- The most important part is the study/preparation in a guided manner having a proper schedule. Eventually, you will be adapted to the syllabus and format of the US CMA exam. But the ultimate aim is to clear the exam in shorter duration and obviously at first attempt.…continue reading

4. Syllabus

In this section, let us understand the US CMA course syllabus of Part 1 and Part 2.

Part 1: Financial Planning, Performance and Analytics	Weightage
Technology and Analysis	15%
Internal Controls	15%
Cost Management	15%
Performance Management	20%
Planning, Budgeting and Forecasting	20%
External Financial Reporting Decisions	15%

Part 2: Strategic Financial Management	Weightage
Financial Statement Analysis	20%
Corporate Finance	20%
Decision Analysis	25%
Risk Management	10%
Investment Decisions	10%
Professional Ethics	15%

5. Concerned about US CMA Fees/Costs?

The US CMA salary totally compensates for exam fees and the amount of money you’ll spend on the certification.

Meanwhile, earning US CMA requires a significant financial investment. Therefore, you should consider the exams fees in advance so you can budget properly. To do that, let’s analyze the fees you must pay to become a CMA.

5.1 US CMA Fees

Becoming a CMA is a potential pathway to a great new career or an opportunity to move up in your existing career.

People who work in the accounting profession and get their certification will automatically earn more than those who do not. While it does require a monetary and time investment, this investment definitely pays for itself. That said, most people still want to know what kind of fees they are looking at before they begin.

1. IMA Membership Fee

To register for the exam, you must have a membership with the IMA. Membership requires an annual fee and once you earn the CMA designation, you must continue to pay the IMA membership fee to keep your certification active.

The price of an IMA membership varies depending on your professional status. For example, if you’re already a working professional, choose Professional Membership. Full-time faculty members at accredited institutions would qualify for Academic Memberships, too.

However, individuals enrolled in 6 or more credit hours of classes at a college or university should choose to become Student Members.

Select the membership type which is most relevant to you. The membership you choose will determine the pricing. Thankfully, these costs are not all that high in comparison to other accounting membership fees.

Professional Membership option is the most expensive, while students get a reduced rate.

2. US CMA Entrance Fee

After paying your membership fee, you are required to pay an entrance fee. The IMA membership does not include entrance into the program, which is the route to becoming a CMA in the US. By paying the entrance fee, you’ll become eligible to pursue a US CMA certification.

Unlike the IMA membership fee, the entrance fee is a one-time cost. You will pay when you’re ready to become US CMA certified. The entrance fee depends on your membership type, though.

While the entrance fee is required, it also provides you with benefits beyond entrance into the US CMA program. In short, you’re not just paying a fee for the sake of paying a fee.

2.1 Entrance fee covers the following features and services:

A. A credential review for the educational qualification.

B. A credential review for the experience qualification, too.

C. Six months of access to the Exam Support package, which includes printable practice questions.

D. A final score reports.

E. Performance feedback reports for candidates who do not pass.

F. Personalized number certificate for office display, once you get US CMA certification.

G. Congratulatory notification to your employer or others.

3. Examination Fee

There are fees for taking the US CMA exam itself, as there are with other accounting exams and certifications. Fee is paid in order to sit for the exam.

Once you pay the exam fee, you’ll be able to register and reserve your spot. Also, you must pay the examination fee for each part of the exam you take.

The exam has 2 parts. So examination fee is paid at least twice. If you fail an exam part, you must pay this fee to take the exam again. Because of this people try to pass on the first attempt. The examination fee is the same for both exam parts. The fee also varies per membership type.

4. US CMA Fees Summary

Clearly, being a student or Academic member allows you to take the least expensive path to become a CMA. Besides, if you are a professional accountant, you are most likely making more money than a student. So, it’s easier for your salary to offset these costs. When you look at it this way, you can see that it is just another investment into the career path you choose. There are costs involved in every profession, but getting certified as a CMA will help you make more money now and in the future.

Note:

1. The student discount is for current students only (defined as those who have taken at least 6 credit hours of courses in the past semester). Graduated students do not qualify.

2. There is an extra one-time $15 application fee for first-time registration.

Source: IMA

Now, having an idea of the CMA US fees structure, lets embrace the changes in 2022

6. New US CMA Fee Schedule with effect from March 1 ’2022

According to the recent announcement by IMA, IMA membership dues and CMA program fees will increase as follows beginning March 1, 2022.

6.1 Program Fees – Student

6.2 Program Fees – Professionals

7. Hidden CMA Exam Cost

Now that you know the basics, are there any other fees or exam costs you need to be aware of? In fact, there may be some “hidden” exam costs. This is definitely something you want to know about in advance so you can prepare as much as possible. After you pay the IMA’s CMA fees, you’ll need to account for a few other expenses in order to pass the CMA Review Courses

So, how to study? The IMA does not supply study materials to candidates who enter the CMA program. So, your exam preparation options include anything from free secondhand notes to coaching classes or self-study review courses. These courses offer some of the best products from nationally renowned instructors, the flexibility of studying at home, and generally lower prices. In the US, CMA course fees range from about $600 to $1, 800.

8. Gleim CMA Review

To start, Gleim CMA Review is probably the more popular of the two courses. After all, your Gleim course comes with some of the best video lectures, audio lectures, textbooks, thousands of practice questions and hundreds of sample essays, mock exams, and a personalized study planner. Plus, all of these learning tools are supported by SmartAdapt, Gleim’s proprietary adaptive learning platform. And Gleim also gives you support from exam mentors and content experts who are available to answer questions whenever you have a problem.

9. Career Opportunities after US CMA

This ‘A’ level certification is well-recognized by leading financial and business organizations around the globe. You can explore a vast range of career opportunities after completing CMA USA and some of these are:

9.1 Average US CMA Salaries

Job Profiles	Average Salaries
Senior Analyst	₹7,50,000
Finance Manager	₹14,00,000
Budget Analyst	₹12,00,000
Treasurer	₹8,90,000
Finance	₹19,00,000
Internal Auditor	₹3,00,000 – ₹8,00,000
Financial Analyst	₹5,00,000
Cost Accountant	₹5,00,000 – ₹6,00,000
Management Trainee	₹6,70,000

US CMA salary in India: Results from IMA’s salary survey-2021:- The latest Middle East/Africa/ India (MEAI) CMA Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a US CMA professional is above 76% higher than non-CMAs, a strong reason why a US CMA course is a career changing qualification. continue reading…

9.2 Job Profiles –Top Companies after Certification

a. Deloitte

b. PwC

c. KPMG

d. EY

e. Accenture

f. Genpact

g. InterTrust

h. Knowcraft Analytics

i. Cognizant

j. Grant Thornton

k. MaxLife Insurance

l. JP Morgan Chase

m. MasterCard

n. Barclays

o. Morgan Stanley

p. HP

10. Conclusion

In conclusion, it can be stated that successful completion of a US CMA course can impart you the sophisticated credential of US CMA. The certification paves the way to grab a better job and elevates your earning potential.

US CMA holders enjoy extensive career variety vis-à-vis job security than their non certified counterparts. The course is now the choice of ambitious students and professionals of accounting and finance domain for heightened chance of standing apart from the conventional accounting crowd.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.

Exclusive features of Uplift Professionals

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. The dedicated faculty team for uplift live online US CMA classes are CMA US qualified with incredible marks and have more than 25 years working experience in the corporate world. This help the student to learn and simulate the real-life corporate working conditions which cannot be attained through a CMA pass out faculty only.

D. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. Also, provides full admin support through the dedicated Uplift WhatsApp study group. We have a pass rate of 80% in US CMA course exams.

E. Pass percentage of US CMA students” at first attempt” is about 80% in a duration of 6-9 months in comparison to near about 40-45% pass rate in a global perspective.

F. The small batch size of online classes provides effective interaction with the faculty which help personalized attention towards achieving the target of 80% “pass at first attempt”

G. Affordable US CMA course fees with special discount in your IMA fees. 

H. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass. It means once you become an uplift student, you can attend unlimited live online classes till you pass at no extra cost or reregistration fees.

Other features of Uplift Professionals

I. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session,  IMA registration and job assistance.

J. 120 hours of classes (Live Online Interactive Sessions) by veteran CMA faculties from Monday to Saturday from 9 pm to 10:30 pm

K. Recordings of live online classes available

L. In class mock session conducted by the faculty to make student aware of the US CMA exam pattern

M. Doubt clearing session before the exam window

N. Training on soft skills and interview techniques

O. Additional notes prepared by the faculty members on important topics

P. Administration Support towards IMA registration

Q. Job assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now

Choosing a Student Friendly Institute to Fulfil Your US CMA Dream-Uplift Pro Powered by Gleim

It is quite evident that we are yet to break the shackles of covid pandemic across the globe which is still a matter of concern to go physically to a prometric centre to write your forthcoming US CMA exam. In addition, many of the prometric centres are still closed. Evaluating the crisis, ICMA has emerged with a remote testing option initiative which have a major beneficial impact on the flexibility of US CMA exam takers.

Let’s get you through all the modern advancements IMA has brought for the US CMA aspirants. Apart from the in person testing, in the Jan/Feb 2022 exam widow period, ICMA has come out with a new remote testing option through Prometric’s ProProctor^TM services starting on January 18, 2022. ProProctor gives you greater flexibility to choose where to test, when to test, and how to test. It is a reliable, convenient – yet secure – testing experience.

What is Remote Proctoring?

Instead of going to a computer testing center, Prometric offers the opportunity to take your US CMA exam from your home or other quiet workspace using their ProProctor software. You will take your exam under the supervision of a live proctor via a video link.

Remote proctoring is an exam delivery method that allows candidates to take the US CMA exam from home or a location of their choice, rather than at a Prometric test centre. Prometric, will administer the exam to candidates through the ProProctor remote assessment platform versus testing at a Prometric test centre.

The security process and candidate check-in procedures are comparable to the test center. Prometric live Proctors monitor the candidate test session through audio and video throughout the exam.

The Technology and Area Requirements

Prometric, the ICMA’s testing companion, works with the ProProctorTM remote testing device to give exams using remote proctoring. It is feasible to take the US CMA exam in the English language US CMA exam at a spot outside of the Prometric Test Centre by borrowing remote proctoring. If you are in a region that is competent for this service and your test location and equipment meet Prometric’s criteria, it is apparent to take this test.

The Difference between taking the exam at Home/ Office and taking it a Prometric test centre

The Prometric test centre is like a “Brick & Mortar” location, a physical location responsible for a compatible testing environment. In contrast, the remote proctor testing security procedures match the level of scrutiny you will experience at a Prometric test centre, and the exam interface is the same. However, while the test centre is responsible for a compatible testing environment, it is the candidate’s responsibility to ensure a distraction-free environment when taking the exam at home/office.

How to Sign up for Live Remote Proctoring?

If you are interested in live remote proctoring, you can follow the directions found in your Scheduling Authorization or go to your exam’s Prometric webpage and choose the “Schedule” link under “Remotely Proctored Exam.” It is recommended that candidates interested in remote proctoring first read all of the information provided by Prometric to ensure a smooth testing experience.

Exam workspace look

1. Your room/work area must be indoors, well lit, free from background noise and disruptions.

2.Your work area must be free of pens, paper, electronic devices, etc. There should be no content that could potentially provide an unfair advantage during your exam, including anything posted on walls or elsewhere in your work area.

3.Make sure to clear your workspace and put away all personal items.

4.Your proctor will ask you to scan your room/work area with your webcam/laptop to check for any security risks.

5.Be sure your workspace is free of books, paper, and general clutter.

6.It’s recommended you cover dressers, bookshelves, and any other large electronic equipment or furnishings that is in your workspace.

Be aware: Your exam will be terminated, and results invalidated if any other person walks into your work area/room during the exam.

Things to know before taking the remote testing exam

A. Before you schedule your appointment, please read the ProProctor User Guide. Full directions and rules for live remote proctoring will be found there: https://www.prometric.com/proproctorcandidate

B. You will need to download and install the ProProctor software to your computer prior to your exam appointment.

C. You will need to present your valid, government-issued, photo ID.

D. It’s highly recommended that there is no additional load on your wifi connection from other users such as streaming videos, music, or games. Lack of signal strength may cause you to lose connection.

E. If you are able to use a wired connection to the internet, rather than wifi, please do so. A wired connection to the internet is generally more stable.

F. Candidates who are unable to connect to the exam or unable to finish the exam due to internet connectivity issues will be counted as no-shows. These candidates will forfeit their exam fees and will need to reapply for the next testing window.

G. Please be sure to perform any Windows or OS updates before your exam appointment.

Technical Requirements

It is recommended that candidates use a computer using Windows 8.1 or higher or Mac OS 10.13 or higher.Technical requirements may change, please see https://www.prometric.com/proproctorcandidate  for the most up-to-date requirements and a short video on what to expect during your remotely proctored examination.

Candidates should not use work computers, as system security and firewalls may prevent you from connecting to the ProProctor system. Candidates also need to download and install the ProProctor Software before their appointment.

System requirements for remote proctoring

To qualify for remote proctoring, you will need a fast and reliable internet connection and a computer or laptop that meets these minimum technical requirements:

·        Screen Resolution: 1024 X 768

·        Operating System: Windows / MacOS

·        Web Browser: Latest Google Chrome

·        Webcam Resolution: 640 X 480p (if not using a laptop, a portable webcam is required)

·        Microphone: Enabled

·        Download Speed: 500 Kbps

How to check/ change the screen resolution to 1920 x 1080?

For Windows computers:

·        Click on the Windows Start button in the bottom left corner.

·        Click on Settings (the gear icon).

·        Click on System, which should populate the Display setting.

·        Scroll down, and under Scale and Layout choose 1920 x 1080 for Display resolution.

For Mac computers:

·        Open System Preferences and click on Displays.

·        Hold down the Option/Alt key while simultaneously clicking on the radial button next to the ‘Scaled’ option under Resolution.

·        This will reveal all available screen resolution options for your display. Choose 1920 x 1080.

How do I check if my computer meets the system requirements for remote proctoring?

Before applying to take the exam remotely, you are advised to run the System Readiness Check. The results will help you to determine if your system meets the minimum technology requirements and if your operating system is compatible to install and run the ProProctor application. The system check can be conducted at any time at https://rpcandidate.prometric.com/Home/SystemCheck

What are the test requirements for a home or office setting?

Your remote testing environment must meet the following requirements during the check-in process with a Prometric Readiness Agent:

1.The testing location must be indoors (walled), well lit, free from background noise and disruptions.

2. No third party may be present in the room or enter the room for the duration of the exam. If this occurs, the Proctor will terminate your exam and/or invalidate your results.

3. Your workstation and surrounding area must be free of pens, paper, electronic devices, etc.

4. No content that could potentially provide an unfair advantage during your exam, including that posted on walls or within your immediate area, should be present during your exam session.

5. Regulations allow two tissues at the workstation, but the Proctor will inspect the tissues prior to the start of the exam.

What should you expect on test day? What is the remote candidate check-in process?

I. During the check-in process the following self-service steps will occur:

·        The ProPoctor system will prompt you to capture your image.

·        The system will prompt you to capture an image of your government-issued ID.

·        The system will prompt you to read a checklist to ensure the following is in place before meeting with a readiness agent

·        Clean workspace

·        Environment suitable for testing

·         Environment, clothing, and devices are compliant with security requirements

II. You will meet the Prometric exam proctor who will guide you through three security checks before launching your exam:

1. ID Verification -Your proctor will confirm your name, address, and exam details with you via video chat.

2. 360˚ Environmental Check-Your exam proctor will ask you to provide a 360° view of your environment using your webcam and also will ask you to scan your work surface using your webcam.

It is strongly recommended having a medium-to- large mirror during your environmental check. During this step, the proctor will ask to inspect things such as bookshelves, wall hangings, electronic devices such as televisions. (*It is recommended to have a large bedsheet or linen available if asked to cover any area of clutter*)

IMPORTANT: Do not have your laptop connected to a docking station anytime during the setup of your exam. This can cause connectivity issues. Make sure to clear your workspace and put away all personal items.

3. Candidate Person Check- The proctor will ask you to stand up to do a scan of your person. This scan will include – but is not limited to – conducting a sleeve, pocket and glasses check. Additionally, you will be asked to turn all pockets inside out. Remove large jewellery items from your person prior to and throughout the duration of the exam.

IMPORTANT: In order to expedite the check-in process, please remember to empty your pockets prior to the visual check.Prometric’s “What to Expect” video provides a summary of the information as does  https://www.prometric.com/proproctorcandidate.

What to do in case you experience a disruption to the exam due to internet connectivity?

If you are still connected to the internet, the live Proctor will attempt to reach you via chat or audio to troubleshoot the problem. Once connectivity is re-established, you will follow the candidate check-in procedures for starting the exam.

In case you get disconnected from the internet, do the following:

1.Wait for 3-4 minutes post disconnection.

2.Reboot your desktop / laptop.

3. Run the system check and ensure all the checks pass.

4.Re-launch your exam using the “Launch exam” button on the top. You must go through the whole check-in process again, however your exam would start from the point where it was disconnected. Lost time cannot be recovered.

5. If connectivity cannot be re-established due to an unstable or lost internet connection, the exam will be terminated. Candidates can report the issue to Prometric. Upon review and approval, candidates may receive one opportunity to retake the test again remotely or at a test centre (based on appointment availability).

Having a stable internet connection

1.Identify the place in the house where Wi-Fi is strongest and test there. It is recommended to use direct hardwired internet connection instead of Wi-Fi.

2.Do not have other family members using up internet bandwidth with Netflix, social media, etc.

Will the Proctor be visible on computer during the exam?

The live Prometric Proctor will monitor the candidate throughout the examination, but the candidate will be unable to see the Proctor during the exam. However, the Proctor can be contacted at any time via chat. When necessary, the Proctor can also contact the candidate by chat or audio.

Can one use a tablet, notebook, or smartphone to take the remote proctored exam?

No, candidates must use a computer to complete the exam via ProProctor. Hybrid tablet/laptop devices such as the Microsoft Surface are not compatible with the ProProctor application.

What is allowed and not allowed in my testing area?

A. Unauthorized personal items may not be accessible while testing. Such items include, but are not limited to outerwear, jewelry, hats, food, drinks, purses, bags or briefcases, notebooks, watches, cell phones, electronic devices, or wearable technology.

B. Test at home policies prohibit eating, drinking, smoking, and chewing gum during the exam. Proctors also restrict candidates from taking written notes or using published materials and other testing aids during the exam. A virtual whiteboard is available for taking notes. No physical scratch paper, pens, and pencils are permitted for note-taking.

C. Candidates must hang light clothing items they remove for comfort such as sweaters, suit jackets, scarves, etc., on their chair. They must not place the light clothing in laps or on the workstation desktop. Proctors restrict candidates from maintaining outerwear such as heavy coats, parkas, raincoats, etc., in the immediate testing area.

D. Policies prohibit candidates from changing location while testing, turning off lighting or audio, or speaking to or receiving aid from other individuals.

Can one take breaks during the exam?

Yes, due to the length of the US CMA exam, you are allowed to have one optional scheduled 20-minute break between section one (1) and section two (2) of your exam. Candidates are able to take unscheduled breaks at any time during the exam session. Please note that the exam clock continues to run during the unscheduled break.

To begin your break, you must notify the Proctor before leaving the view of the camera. Failure to notify the Proctor prior to taking a break will result in termination of your exam session. When you return from break you must perform the same security check-in routine administered at the start of your exam.

IMPORTANT: The security check in routine takes about 10-15 minutes!

● Note that the internet connection in some nations and portions within countries may not be smooth enough to perform the exam remotely. Local technology and firewall problems may make it riskier to test using a remote proctor. You are credible for assuring that you meet the technical requirements and testing your internet connection.

● A tablet or smartphone is not friendly with the ProProctor outlet.

Rescheduling the Exams

To shift from in-person proctoring to remote proctoring, you must

● Suspend your current session.

● To plan, go to prometric.com/icma

● Choose “Reschedule/Cancel” from the “Actions” panel

● Lastly, select “Schedule” from the “Remotely Proctored Exam” menu.

NOTE- There may be a rescheduling cost implicated in this procedure.

Remote Testing for US CMA Exam FAQs – IMA

Remote proctoring is an exam delivery method administered by Prometric, ICMA’s test administration partner, using its ProProctor™ remote assessment platform.

Remote proctoring provides you with the option of taking the English language US CMA exam and the CSCA exam at a location other than a Prometric Test Center. This option is available if your residence is in a country eligible for the service and your chosen testing environment and systems meet Prometric requirements.

For more detailed information, including a video on what to expect with remote testing, visit ProProctor Candidate Information.

1. Is the remote proctored testing option offered worldwide?

Remote proctoring is available globally, except in the Crimea part of Ukraine, North Korea, Iran, Syria, and Cuba. In China, remote proctoring is available for the CSCA and the English language US CMA exam only, as the Chinese language CMA exam is a paper-based test.

Note: In some countries and some areas within countries, internet connection may not be stable enough to administer the exam remotely. Local technological and firewall issues may create a greater risk of not being able to test via remote proctor. It is your responsibility to ensure you meet the technical requirements and to test your internet connection.

2.What is the availability of remote proctoring?

Remote proctoring is available 24/7; however, keep in mind that the day and time you select may not be available. If you are told your day/time is not available, simply select a different time frame.

3. What are the system requirements for remote testing?

Visit Prometric’s ProUserGuide to see the system requirements for remote testing: https://www.prometric.com/sites/default/files/ProProctor/PrometricProUserGuide.pdf.

4. Can I use a tablet or smartphone to take my remote proctored exam?

No, the ProProctor platform is not compatible with a tablet or smartphone.

5. What are the testing location requirements for remote proctored testing?

To comply with the security procedures, there are various requirements for your testing environment: Your selected testing location must be indoors (walled), well-lit, with a closed door and free from background noise and disruptions. The entrance to the room must be in full view of the camera. Your workstation and surrounding area (including the walls) must be free of materials (i.e., pictures, office supplies, electronic devices, etc.).

6.Can I take my remote proctored exam at my place of work using my work computer?

No, you should not be taking your remote proctored exam at your place of work.

7.Can I use my work computer for testing from home?

ICMA does not recommend this, because corporate firewalls that many organizations have in place could prevent successful test delivery. If you choose to test from home using your work computer, ICMA strongly recommends you involve your IT team to resolve any issues, including potential firewall issues, long before test day.

8.What about turning off pop-up blockers? Do I need to do this before testing?

Yes. Prior to launching the exam, you must turn off web browser pop-up blockers to ensure a successful launch and the smooth administration of the exam.

9.How do I know if my computer system meets Prometric’s remote proctoring requirements?

You can confirm your system’s compatibility by going to https://rpcandidate.prometric.com/ and completing the system check step.

10.How do I sign up to test via remote proctoring?

Once you register for an exam part and receive your Authorization Letter, you may schedule your exam appointment. To schedule online, go to www.prometric.com/icma, scroll down, and select the “Schedule Your Remotely Proctored Exam” option.

11.I already signed up to test at a test center but would like to change to remote proctoring. How do I do that?

To change your appointment to remote proctoring, you will need to cancel your existing appointment first. Go to www.prometric.com/icma and click on the “Reschedule/Cancel” option under the “Actions” panel, then click on the “Schedule” option in “Remotely Proctored Exam” to schedule. Note: A rescheduling fee may apply.

12.How will I receive my exam results after I test?

Exam results will be emailed and posted to your online profile approximately six weeks from the end of the month in which you tested for the US CMA exam and approximately eight weeks for the CSCA exam.

13.What should I expect from the security check-in process?

Visit Prometric’s ProUserGuide to see what to expect from the security check-in process: https://www.prometric.com/sites/default/files/ProProctor/PrometricProUserGuide.pdf.

14.Does the security check-in time affect the time I have to take the test?

You are expected to launch the exam 30 minutes prior to your scheduled appointment time to go through the Prometric security check-in process. However, delays do occur. If this should happen, the extended time spent during the initial security check-in will not affect your exam time, and you will be provided with the full testing time. Note: If you take a break, the time counter will continue to run while you are being checked back in.

15.Is a break allowed at some point during the exam?

Yes, you are allowed one 10-minute optional, unscheduled break at any time during the exam session. If you wish to take a break, you must notify the proctor before leaving the view of the camera.

Failure to inform the proctor prior to taking a break, or failure to return on time from the break, will result in the termination of your exam session. Upon your return from the break, a full security scan will be conducted before the exam session is resumed. However, please note that the exam clock will continue to run during the time interval between when your break begins and when your session re-starts.

16.Can I take more than one break?

No, only one break is permitted.

17. Am I required to take a break?

No, the break is optional. If you do not need or want to take a break, you should just continue testing.

18. Can I download the Prometric ProProctor application ahead of time?

Yes.

19.Can I have a glass of water on my desk when taking a remote proctored exam?

No. Eating, drinking, smoking, and chewing gum are prohibited during the exam.

20.Since I am not allowed to have my mobile phone in the area when I’m testing, what if I run into technical difficulties or unexpected circumstances during my remote proctored exam session and need to connect to a proctor?

Mobile phones are not permitted in the testing area but should be close by in another room. In the case of internet or power loss, you should go to the room where your mobile phone is located and connect with the proctor. If using a smartphone, go to https://rpcandidate.prometric.com/ and click on “Contact Support,” then follow the prompts.

21. Is remote proctored testing a replacement for the in-person testing format?

No, remote proctored exam testing is an additional testing option and not a replacement of in-person testing. Both are available alternatives.

22.Is there an additional fee to take a remote proctored exam?

No. At this time, there is not an additional fee to take an exam via remote proctoring.

23.Can I whisper or read the questions out loud?

No. For security reasons, examinees are not permitted to read out loud or whisper exam questions/answers.

24.Can I use scratch paper when taking a remote proctored exam?

Yes. You are allowed to have four sheets of white plain scratch paper on your desk during testing. You must show the front and back of each sheet of paper to the proctor to ensure that there is no writing on the paper. At the end of the test session, you must show the front and back of each sheet of paper to the proctor and rip the scratch paper up into small pieces in front of the camera.

25.What is Prometric’s data privacy protection policy specifically as it relates to the duration of storing identifying documentation such as my government-issued photo ID?

Prometric retains examinees’ test-related documentation for 30 days. After that time, the information is removed from its system. You will be asked to acknowledge and consent to this as part of the privacy policy review.

26.What if I really want to talk to someone at Prometric for scheduling/rescheduling? Can I call them?

Yes. However, please be advised that the quickest way to get resolution is to fill out an online request form at https://www.prometric.com/contact-us. You can also contact ProProctor technical support at (800) 226-7958.

27.What do I do if there is an unexpected power or internet disruption during my remote proctored exam session?

If you experience a power or internet disruption during your remote proctored exam session, the exam will pause after the connection is lost. At that point, you should try to reconnect to the exam by first exiting out of the window; a blank screen with an “X” will appear.

Next, close the window, reopen the browser, and reconnect to the test driver. If successful, the exam and the timer will resume where you left off. You have up to 20 minutes before Prometric’s exam-disruption time allowance runs out.

In the event you are unable to reconnect in time, your exam will be terminated, and you will need to reschedule. Contact Prometric Help Support via chat once your internet is back up or leave the testing room to use your smartphone. To contact Help Support using a mobile phone without Internet, see the “How to Contact an Agent.”

Repeat disconnections are an indication of an unstable internet. In this situation, ICMA will allow examinees up to three relaunches of the exam with up to 20 minutes of overall interruption time.

Incidents that extend beyond either of these circumstances will result in the termination of the exam. If this happens, you can contact Prometric via chat to report the issue. Upon review and approval, you may receive a second opportunity to test. However, you will be required to test at an in-person test centre location.

Summary

The US CMA certification is the global benchmark for management accountants and financial professionals. The two-part exam tests 12 competencies and earning the US CMA can give professionals greater credibility, higher earning potential, and ultimately, a seat at the leadership table. ProProctor gives you greater flexibility to choose where to test, when to test, and how to test.

It is a reliable, convenient – yet secure – testing experience. Given the ongoing challenges of the pandemic and the recent advances in remote testing, it is an appropriate time for us to welcome remote proctoring for US CMA aspirants which is risk free and gives the flexibility to write the exam from the comfort of home.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of our exclusive features include

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. The dedicated faculty team for uplift live online US CMA classes are CMA US qualified with incredible marks and have more than 25 years working experience in corporate world. This help the student to learn and simulate the real life corporate working conditions which can not be attained through a CMA pass out faculty only.

D. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. Also, provides full admin support through the dedicated Uplift WhatsApp study group. We have a pass rate of 80% in US CMA course exams.

E. Pass percentage of US CMA students ” at first attempt” is about 80% in a duration of 6-9 months in comparison to near about 40-45% pass rate in a global perspective.

F. The small batch size of online classes provide effective interaction with the faculty which help  personalized attention towards achieving the target of  80% “pass at first attempt”

G. Affordable US CMA course fees with special discount in your IMA fees. 

H. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass. It means once you become an uplift student, you can attend unlimited live online classes till you pass at no extra cost or reregistration fees.

I. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session,  IMA registration and job assistance.

J. 120 hours of CMA classes (Live Online Interactive Sessions) by veteran CMA faculties from Monday to Saturday from 9 pm to 10:30 pm

K. Recordings of CMA live online classes available

L. In class mock session conducted by the faculty to make student aware of the US CMA exam pattern

M. Doubt clearing session before the US CMA exam window

N. Training on soft skills and interview techniques

O. Additional notes prepared by the faculty members on important topics

P. Administration Support towards IMA registration

Q. Job assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now. 

What is US CMA course ?

US Certified Management Accountant (CMA) or US CMA course is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics.

The CMA is a US based, globally recognized certification offered by the Institute of Management Accountants (IMA US). IMA US has a legacy of more than 100 years and as of date the membership of US CMA certified candidates is more than 1,40,000 across 150+ countries.

Bachelor degree on any subject. Students who are pursuing their bachelors are eligible to take the US CMA exams. Two years of professional experience in accounting or finance. For Freshers the experience requirement may be completed within 7 years of passing the examination.

A single level of examination which is divided into two parts. Candidates can attempt any part in any order as per their convenience. Each exam part is four hours in length . US CMA exam will have 100 multiple choice questions, followed by two 30-minute essay questions. Exam is conducted at Prometric testing. The exam is conducted in the following windows

a. January – February

b. May – June

c. September – October

The most vital part of the US CMA scholastic program for an aspirant is to know the US CMA syllabus first. A detailed idea about the US CMA syllabus is of utmost important to take informed decisions prior initiation of the journey towards the goal of achieving the coveted US CMA credential. A thorough idea of the CMA subjects for exam will also help to build confidence-a necessary step to crack the CMA US exam.

US CMA Syllabus

Let’s have an in depth look on the course details of the current US CMA syllabus:

The US CMA course involve a 2 part online exam based on the following sections:

1. US CMA Part 1

US CMA syllabus in this section is based on Financial Planning, Performance and Controls which contain following sub sections.

A. External Financial Reporting Decisions(EFRD)

·        Financial statements

·        Balance sheet

·        Income statement

·        Statement of changes in equity

·        Statement of cash flows

·        Integrated reporting

·        Recognition, measurement, valuation, and disclosure

·        Asset valuation

·        Valuation of liabilities

·        Equity transactions

·        Revenue recognition

·        Income measurement

·        Divergence between U.S. GAAP and IFRS

B. Planning, Budgeting, and Forecasting (PBF)

This is a relatively wider section focusing on budgeting and covers following chapters

·        Strategic planning models and analytic techniques with Long-term mission and goals

·        Budgeting concepts

·        Operations and performance goals

·        Resource allocation

·        Forecasting techniques

·        Regression and Learning curve analysis

·        Budgeting methodologies 

·        Annual business plans (master budgets)

·        Project, Activity-based and Zero-based budgeting

·        Annual profit plan and supporting schedules

·        Top-level planning and analysis

·        Pro forma income

·        Financial statement projections

·        Cash flow projections

C. Performance Management(PM)

This is a performance management section covering following topics.

·        Cost and variance measures

·        Comparison of actual to planned results

·        Use of flexible budgets to analyze performance

·        Management by exception

·        Use of standard cost systems

·        Analysis of variation from standard cost expectations

·        Responsibility centers and reporting segments  

·        Transfer pricing

·        Reporting of organizational segments

·        Performance measures

·        Product profitability analysis

·        Business unit profitability analysis

·        Customer profitability analysis

·        Return on investment

·        Residual income

·        Investment base issues

·        Key performance indicators (KPIs)

·        Balanced score card

D. Cost Management(CM)

This section involves calculations and costing methodologies having following subsections

·        Measurement concepts

·        Cost behavior and cost objects

·        Actual and normal costs

·        Standard costs

·        Absorption (full) costing

·        Variable (direct) costing

·        Joint and by-product costing

·        Costing systems

·        Job order costing

·        Process and activity-based costing

·        Life-cycle and verhead costs

·        Fixed and variable overhead expenses

·        Plant-wide vs. departmental overhead

·        Determination of allocation base

·        Allocation of service department costs

·        Supply chain management

·        Lean resource management techniques

·        Enterprise resource planning (ERP)

·        Theory of Constraints

·        Capacity management and analysis

·        Business process improvement

·        Value chain analysis and Value-added concepts

·        Process analysis, redesign, and standardization

·        Activity-based management

·        Continuous improvement concepts

·        Best practice analysis

·        Cost of quality analysis

·        Efficient accounting processes

E. Internal Controls (IC)

This is the application based section which includes the following:

·        Governance, risk, and compliance

·        Internal control structure and management philosophy

·        Internal control policies for safeguarding and assurance

·        Internal control risk

·        Corporate governance

·        External audit requirements

·        System controls and security measures

·        General accounting system controls

·        Application and transaction controls

·        Network controls

·        Backup controls

·        Business continuity planning

F. Technology and Analytics (TA)

This section has been included to cope with the industry demand which is more inclining on artificial intelligence and robotics. It contain following areas.

·        Information systems

·        Accounting information systems

·        Enterprise resource planning systems

·        Enterprise performance management systems

·        Data governance

·        Data policies and procedures

·        Life cycle of data

·        Controls against security breaches

·        Technology-enabled finance transformation

·        System development life cycle

·        Process automation

·        Innovative applications

·        Data analytics

·        Business intelligence

·        Data mining

·        Analytic tools and Data visualization

2. US CMA Part 2

US CMA syllabus in this section includes Strategic Financial Management Following are the subsections.

A. Financial Statement Analysis(FSA)

This involves financial accounting with more emphasis on analytics and comparisons having following components

·        Basic financial statement analysis

·        Common size financial statements

·        Common base year financial statements

·        Financial ratios

·        Liquidity

·        Leverage

·        Activity

·        Market, Profitability and analysis

·        Income measurement analysis

·        Revenue analysis

·        Cost of sales and expense analysis

·        Variation analysis

·        Special issues

·        Impact of foreign operations

·        Effects of changing prices and inflation

·        Impact of changes in accounting treatment

·        Value and Income – Accounting and economic concepts

·        Earnings quality

B. Decision Analysis(DA)

This part involve the merge of management accounting with the decision making processes. It has following topics.

·        Cost/volume/profit analysis

·        Breakeven analysis

·        Profit performance and alternative operating levels

·        Analysis of multiple products

·        Marginal analysis

·        Opportunity costs, Sunk costs

·        Marginal costs and marginal revenue

·        Special orders and pricing

·        Sell or process further

·        Adding or dropping a segment

·        Capacity considerations

·        Pricing and Pricing methodologies

·        Target costing

·        Elasticity of demand

·        Product life-cycle considerations

·        Market structure considerations

C. Corporate Finance(CF)

This section having following areas which deals with the short term and long term financial management.

·        Risk and return

·        Calculating return

·        Types of risk Relationship between risk and return

·        Long-term financial management

·        Term structure of interest rates

·        Types of financial instruments

·        Cost of capital

·        Valuation of financial instruments

·        Raising capital

·        Financial markets and regulation

·        Market efficiency

·        Financial institutions

·        Initial and secondary public offerings

·        Dividend policy and share repurchases

·        Lease financing

·        Working capital management

·        Working capital terminology

·        Cash management

·        Marketable securities management

·        Accounts receivable management

·        Inventory management

·        Types of short-term credit

·        Short-term credit management

·        Corporate restructuring

·        Mergers and acquisitions

·        International finance

·        Fixed, flexible, and floating exchange rates

·        Managing transaction exposure

·        Financing international trade

D. Risk Management(RM)

This involve assessment, analysis and management of all kinds of risk that a management accountant has to handle for the company. It has following components.

·        Enterprise Risk

·        Types of risk

·        Risk identification and assessment

·        Risk mitigation strategies Managing risk

E. Investment Decisions(ED)

This section trains how to settle important decisions regarding speculations on various available options. It has following components

·        Capital budgeting process

·        Stages of capital budgeting

·        Incremental cash flows

·        Income tax considerations

·        Evaluating uncertainty

·        Capital investment analysis methods

·        Net present value

·        Internal rate of return

·        Payback

·        Comparison of investment analysis methods

F. Professional Ethics(PE)

This impart ethical practice in management accounting processes having following key areas.

·        Business ethics

·        Moral philosophies and values

·        Ethical decision making

·        Ethical considerations for finance professionals

·        IMA’s Statement of Ethical Professional Practice

·        Fraud triangle

·        Evaluation and resolution of ethical issues

·        Ethical considerations for the organization

·        Organizational factors and ethical culture

·        IMA’s Statement, “Values and Ethics: From Inception to Practice”

·        Ethical leadership

·        Legal compliance

·        Responsibility for ethical conduct

·        Sustainability and social responsibility.

Weightage given each part of US CMA exam syllabus

Part 1: Financial Planning, Performance and Analytics

Part 1: Financial Planning, Performance and Analytics	Weightage
Technology and Analysis	15%
Internal Controls	15%
Cost Management	15%
Performance Management	20%
Planning, Budgeting and Forecasting	20%
External Financial Reporting Decisions	15%

Part 2: Strategic Financial Management

Part 2: Strategic Financial Management	Weightage
Financial Statement Analysis	20%
Corporate Finance	20%
Decision Analysis	25%
Risk Management	10%
Investment Decisions	10%
Professional Ethics	15%

Top US CMA Exam tips – the preparation strategy [ 2021 Update] :- The most important part is the study/preparation in a guided manner having a proper schedule. Eventually, you will be adapted to the syllabus and format of the US CMA exam. But the ultimate aim is to clear the exam in shorter duration and obviously at first attempt.…continue reading

Summary

So, by now, you are quite well versed about the US CMA syllabus and the US CMA subjects.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of our exclusive features include

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. The dedicated faculty team for uplift live online classes are CMA US qualified with incredible marks and have more than 25 years working experience in corporate world. This help the student to learn and simulate the real life corporate working conditions which can not be attained through a CMA pass out faculty only.

D. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. Also, provides full admin support through the dedicated Uplift WhatsApp study group. We have a pass rate of 80% in US CMA course exams.

E. Pass percentage of students ” at first attempt” is about 80% in a duration of 6-9 months in comparison to near about 40-45% pass rate in a global perspective.

F. The small batch size of online classes provide effective interaction with the faculty which help  personalized attention towards achieving the target of  80% “pass at first attempt”

G. Affordable US CMA course fees with special discount in your IMA fees. 

H. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass. It means once you become an uplift student, you can attend unlimited live online classes till you pass at no extra cost or reregistration fees.

I. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session,  IMA registration and job assistance.

J. 120 hours of classes (Live Online Interactive Sessions) by veteran CMA faculties from Monday to Saturday from 9 pm to 10:30 pm

K. Recordings of live online classes available

L. In class mock session conducted by the faculty to make student aware of the exam pattern

M. Doubt clearing session before the exam window

N. Training on soft skills and interview techniques

O. Additional notes prepared by the faculty members on important topics

P. Administration Support towards IMA registration

Q. Job assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now. 

Introduction

What is US CMA Course? US Certified Management Accountant (CMA) or US CMA course is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics.

The CMA is a US based, globally recognized certification offered by the Institute of Management Accountants (IMA US). IMA US has a legacy of more than 100 years and as on date the membership of US CMA certified candidates is more than 1,40,000 across 150+ countries.

A. US CMA Course- At a Glance:

1 US CMA course is a worldwide demanded qualification in Finance.

2 The US CMA course has just 2 parts.

3. US CMA exams can be cleared in 7 to 9 months time.

4. Exams are conducted online at the prometric centers.

5. Typically, the US CMA exams have 75% of the questions as MCQs (objective type) and the rests are Essay questions.

6. Pass percentage of US CMA course is globally near-about 50%,

7. US CMA course helps professionals to build a career across the globe.

8. A US CMA is respected worldwide to be the decision maker in the industry and formulate robust finance and accounting strategies.

B. US CMA Course Eligibility

1. The minimum eligibility for enrollment for the US CMA course is 12^th standard pass out. However, to obtain the certificate, one has to be a graduate from an accredited Institution.

2. Furthermore, to obtain the US CMA course certificate, one has to meet up the below criteria.

3. Should have cleared both the parts of US CMA Course Exam

4. Has to be a Member of IMA.

5. Should possess two years of appropriate work experience.

C. US CMA Course Syllabus

US CMA course involve 2 part  examination consists of following topics.

C.1 US CMA course Part 1 examination

a. External Financial Reporting Decisions

b. Planning, Budgeting, and Forecasting

c. Performance Management

d. Cost Management

e. Internal Controls

C2. US CMA course Part 2 examination

a. Financial Statement Analysis

b. Corporate Finance

c. Decision Analysis

d. Risk Management

e. Investment Decisions

f. Professional Ethics

The Topic wise weightage of US CMA Syllabus

For Part 1 :- External Financial Reporting Decisions(15%), Planning, Budgeting, Forecasting(20%), Performance Management(20%), Cost Management(15%), Internal Controls(15%) and Technology and Analytics(15%) respectively.

For Part 2:- Financial Statement Analysis(20%), Corporate Finance(20%), Decision Analysis(25%), Risk Management(10%), Investment Decisions(10%), Professional Ethics(15%).

US CMA Course details – US CMA Certification from IMA USA: Syllabus, Eligibility, Duration, Fees, Books and Coaching :- What is US CMA Course ? To understand the detailed overview on the US CMA course and US CMA certification from IMA…continue reading

D. US CMA Course Duration

One has to clear both the exam parts within 3 years of IMA registration. However, with proper guidance and study support, it can be cleared within a year.

E. US CMA Course Exam

a. The duration of each exam is 4 hours.

b. The exam consist of 100 multiple choice questions, followed by 2 essay scenarios.

c.  US CMA is an online exam administered through various Prometric centers in India and abroad.

There are 3 following exam testing windows offered per annum

a. January-February

b. May-June

c. September- October

F. US CMA Course Fees

The US CMA membership, entrance and exam fees for various categories are provided in the tables below.

The IMA has announced that some CMA program fees will increase starting March 1, 2022. In short, the increased fees will help offset some of the IMA’s increased expenses related to improved member services and technology upgrades. For example, the IMA has added new CPE courses and webinars available to IMA members for no additional cost.

G. US CMA Course- Job Opportunities

US CMA is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, Deloitte and so on for the managerial positions like Financial controllers, Budget Analysts, Cost Auditors, Chief financial controller and many other high levelled positions. Since they are in demand in various sectors for many skills, the US CMAs have immense job opportunities in India like those given below and a lot more related to Finance.

1. Research Analyst

2. Cost Accountant

3. Legal Advisor

4. Finance Manager

5. Financial Analyst

6. Management Consultant

7. Cost Auditor

US CMA salary in India: Results from IMA’s salary survey-2021:- The latest Middle East/Africa/ India (MEAI) CMA Salary Survey 2021, from IMA (Institute of Management Accountants) revealed that a median salary of a US CMA professional is above 76% higher than non-CMAs, a strong reason why a US CMA course is a career changing qualification. continue reading…

H. Benefits of US CMA course

By now, as seen in the last decade, about 99% of the MNCs and big companies started functioning in India and Middle East are basically of US incorporated,  either directly or as a subsidiary which raise funds or listed in US stock exchanges. All these companies are required to comply with the Securities Exchange Commission (SEC).

US CMA is in great demand in all sectors. CMAs are also being recruited by MNCs like Accenture, Amazon, and Deloitte and so on for the managerial positions like financial controllers, Budget Analysts, Cost Auditors, Chief financial controller and many other high level positions.

Among the Middle East countries, UAE, Saudi Arabia and Egypt have the most number of IMA members representing 35%, 25% and 13% respectively. The job profiles include Financial Controller, Zakat and Taxes Supervisor, Senior Accountant, Budgeting Section Head, Group Internal Auditor, Financial Analyst etc.

The major recruiters among many include companies like  Khobar, Harvest, CMACGM, Honeywell, Al Futtaim Group, Vodafone, Oriental Insurance etc. Notably, in the Gulf, Dubai becomes the top job provider for US CMAs. Some of the Dubai based companies which hire US CMAs are Ceva Logistics, TMF Group, Transmed, Kitapi, Huhtamaki Group, KPMG, Phantom Associates, Milliman, Amazon, Sffeco Global at entry, middle and senior levels of accounting and financial management.

It has been noted that the highest number of employment for US CMAs  are from the Finance /Insurance/Real Estate sectors followed by the Manufacturing Industry

I. Nine steps to become US CMA certified

Conclusion

To sum up, it can be stated that successful completion of US CMA course can impart you the sophisticated credential of US CMA. US CMA course certification paves the way to grab a better job and elevates your earning potential. US CMA holders enjoy extensive career variety vis-à-vis job security than their non certified counter parts. US CMA course is now the choice of ambitious students and professionals of accounting and finance domain for heightened chance of standing apart from the conventional accounting crowd.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of our exclusive features include

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. The dedicated faculty team for uplift live online US CMA classes are CMA US qualified with incredible marks and have more than 25 years working experience in corporate world. This help the student to learn and simulate the real life corporate working conditions which can not be attained through a CMA pass out faculty only.

D. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. Also, provides full admin support through the dedicated Uplift WhatsApp study group. We have a pass rate of 80% in US CMA course exams.

E. Pass percentage of US CMA students ” at first attempt” is about 80% in a duration of 6-9 months in comparison to near about 40-45% pass rate in a global perspective.

F. The small batch size of online classes provide effective interaction with the faculty which help  personalized attention towards achieving the target of  80% “pass at first attempt”

G. Affordable US CMA course fees with special discount in your IMA fees. 

H. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass. It means once you become an uplift student, you can attend unlimited live online classes till you pass at no extra cost or reregistration fees.

I. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session,  IMA registration and job assistance.

J. 120 hours of CMA classes (Live Online Interactive Sessions) by veteran CMA faculties from Monday to Saturday from 9 pm to 10:30 pm

K. Recordings of CMA live online classes available

L. In class mock session conducted by the faculty to make student aware of the US CMA exam pattern

M. Doubt clearing session before the US CMA exam window

N. Training on soft skills and interview techniques

O. Additional notes prepared by the faculty members on important topics

P. Administration Support towards IMA registration

Q. Job assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now. 

Are you thinking of success mantra to clear US CMA ? The answer lies in understanding the US CMA Syllabus. In management accounting domain, the topmost rung of the ladder is being occupied by the US CMA credential. It provides access to the global gateway of top ranking jobs for accounts and finance professionals. To achieve this, one has to be exam eligible at par with the criteria set by the IMA followed by clearing the online US CMA exam.

To succeed in this journey, definitely one has to undergo rigorous study, mentoring, practices etc. But the foremost fundamental area where from the success mantra starts is to know the US CMA syllabus vividly. Once you gather thorough knowledge of US CMA syllabus, you can have the idea about the topics/subjects clearly.

This, further help you to make the Strength Weakness Analysis( SWA) on yourself,  a kind of self appraisal to know in which area of US CMA syllabus you are more comfortable than the other segments. This has immense impact on the study pattern to cover US CMA syllabus in more effective manner.

Let’s discuss about the aspects of US CMA syllabus towards the online exam having an average global pass rate of around 45%.

1)  The Subjects of US CMA Syllabus

The US CMA certification is a single level 2 part exam any part of which can be attempted without following any order.

The Part 1 include : Financial Reporting, Planning, Performance and Analytics.

The Part 2 comprises of Strategic Financial Management.

2)  The Topic wise weightage of US CMA Syllabus

For Part 1 :- External Financial Reporting Decisions(15%), Planning, Budgeting, Forecasting(20%), Performance Management(20%), Cost Management(15%), Internal Controls(15%) and Technology and Analytics(15%) respectively.

For Part 2:- Financial Statement Analysis(20%), Corporate Finance(20%), Decision Analysis(25%), Risk Management(10%), Investment Decisions(10%), Professional Ethics(15%).

3)  Exam on US CMA Syllabus

Every exam based on US CMA syllabus, is divided into 2 parts each of which has a duration of 3 hours. The first part comprised of 100 MCQs which covers 75% of the total weightage. On the otherhand, the second part one is required to answer essay type questions that covers the remaining 25% of the total weightage.

4) US CMA Syllabus In Depth

Part1:

a.External Financial Reporting Decisions: It includes Financial Statement having Balance sheet, Income statement, Cash flow, Valuation of assets and liabilities, equities, revenue, distinguishing US GAAP and IFRS etc.

b. Planning, Budgeting and Forecasting: It includes Strategic Planning, Budgeting Concepts, Forecasting techniques, Profit plan and schedules having Capital, Financial and Operational budgets and Cash flow projections etc.

c.Performance Management: It contains Cost and Variance measures, Reporting Segments, Product Profitability Analysis etc.

d. Cost Management: It includes Measurement Concepts, Systems of costing, Supply Chain Management, Improvement of Business Process etc.

e.Internal Controls: This include Risk, Compliance and Governance, Security measures etc.

f. Technology and Analytics: This includes Information System, Data governance, Technology driven Financial Transactions, Data Analytics etc.

Part 2.

a.  Financial Statement Analysis: It includes Basic Financial Statement Analysis, Financial Ratios, Profitability Analysis, Impact of Overseas Operations, Inflation etc.

b.  Corporate Finance: It incorporates Risk and Return, Long term Financial Management, Raising Capitals, Management of Working Capitals, Corporate Restructuring, Internal Finance etc.

c.   Decision Analysis: It include Pricing, Analysis of Marginal Cost and Revenue, Breakeven and Profit Analysis etc.

d.  Risk Management: Assessment and Mitigation of Risks.

e.  Investment Decisions: It includes both Capital Budgeting and Investment Analysis.

f.   Professional Ethics: It includes both Business and Personal Ethics for both finance professionals and organizations.

US CMA Course details – US CMA Certification from IMA USA: Syllabus, Eligibility, Duration, Fees, Books and Coaching :- To understand the detailed overview on the US CMA course and US CMA certification from IMA…continue reading

Tips to pass the US CMA Exam in first attempt

The US CMA exam is little bit different from other academic exams, mere studious studies may not suffice to fetch a good score. This professional course online exam rely on MCQs and essay type questions in essence.

1. The MCQ Structure and Pattern

The impediment one faces in the US CMA exam is in the MCQ part. Hence, one should know how to tackle this section effectively. For this, you should know the structural diversity lies there. The key elements are given below.

a.  Classification of Questions

This can be of two types: Important information and Distracting information. While the former demands your inherent knowledge required to answer the questions, the later part is to divert the candidate. For a straight-forward question, you can go direct but in case of a so-called “tricky question” cautious reading is very much needed avoiding overthinking.

b.  Selection of Correct Answer

Some of the questions might have options that seems to be correct whereas only one among these will be the best answer. So, prioritization is the key for this type of questions.

c.  Selection of Incorrect Answer

Some incorrect answer options may appear as correct at first glimpse or through some primary calculating errors. These incorrect choices are provided to divert you from the accurate answer choice. Identifying such question types will give you the edge over others.

d. Centre of Attention on the Question

This involve reading the main body of the question and extracting the actual asking part by filtering the misleading information. Try to identify the exceptions in the question. As for example, look for such words like “ not”, “except”, “false”, “least” etc. which might appear in bold in some cases.

2. The Structure of MCQ Answers

This part demand predictive guess on the selection of the correct answer as listed below.

a. Prior Prediction

You can predict an answer before going through the options. Once an answer comes to your mind, try to find whether it is present or not in the given options. If it is present, scan the others whether something better than this present there or not.

b. Reading the Options

Here you have to read all the answers carefully to identify the best fit one to the asking pattern of the question. Look for qualifying words like “always” or “never” which sometimes make an otherwise good answer incorrect.

c. Attempting Every Questions

Since, US CMA exam has no negative markings for a wrong answer, you should attempt each and every question if you don’t know the answer at all. Here again, you have to apply the predictive guess. You can make blocks on the question set by marking the the areas where you know the correct answers with confidence. Keep the remaining block for review and answer later after clearing the sure shot block. This can further be achieved by eliminating the wrong answers first, then narrowing down the options to the best one from the remaining options following your gut instinct. By this way, you can select the correct answer that makes the most sense.

3. Tips for the Essay Questions

Apart from the MCQs, each part of US CMA exam contain two essay questions. The essays depict a scenario on which several questions are asked which has to be answered through written version which will be graded by subjective evaluation. The following tips can be applied to tackle the essay part of the CMA US exam.

a. Scudding the Essay Scenario

Gliding through the essay scenario before reading the questions help to determine the actual focus by eliminating the distractors.

b.  Essentials for the Answers

This involve pin pointing the attention towards the requirement of the question. This assist to determine the important information integrally attached to the scenario. This is important to ensure full credit, you have to answer all the components of the question.

c.  Priority Setting

It is always advisable to prioritize the essay questions i.e. attempting the easier one first than the rest. This act as a confidence building measure to tackle the essay questions. Also try to avoid presenting off-topic write-ups while attempting essay questions.

d. Elaboration:

Showing your work in a stepwise and arranged manner is advantageous. It means, if your final calculation appears wrong, but your steps and formulas are correct, you can get partial credit for the particular question. Multiple mistakes are considered only once. Finally, make a quick proofreading in last few minutes to catch and amend some unseen errors to rectify them.

Summary

To sum up, it can be concluded that knowing the CMA US syllabus impart positive impetus to be a US CMA certificate holder with proper preparation and guidance.

Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.

Some of our exclusive features include

A. Authorized partner of IMA US CMA course in India

B. Live online classes ensuring that the regular office working hours is least impacted

C. The dedicated faculty team for uplift live online US CMA classes are CMA US qualified with incredible marks and have more than 25 years working experience in corporate world. This help the student to learn and simulate the real life corporate working conditions which can not be attained through a CMA pass out faculty only.

D. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. Also, provides full admin support through the dedicated Uplift WhatsApp study group. We have a pass rate of 80% in US CMA course exams.

E. Pass percentage of US CMA students ” at first attempt” is about 80% in a duration of 6-9 months in comparison to near about 40-45% pass rate in a global perspective.

F. The small batch size of online classes provide effective interaction with the faculty which help  personalized attention towards achieving the target of  80% “pass at first attempt”

G. Affordable US CMA course fees with special discount in your IMA fees. 

H. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass. It means once you become an uplift student, you can attend unlimited live online classes till you pass at no extra cost or reregistration fees.

I. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session,  IMA registration and job assistance.

Request for Live Demo class / contact at +91-8787088850 to book your seats now.