US CMA exam

The US CMA course or certification is offered by IMA® (Institute of Management Accountants) of USA, which is the worldwide association of accountants and financial professionals in business. It was founded in 1919, having 90,000+ members and global reach of 140 countries through 300 professional and student chapters.

CMA® (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. You can now get a professional certification from the USA within 12 – 18 months.

The CMA certification is well recognized by all the MNCs, Big 4 audit firms, US Banks, Consulting firms and other BFSI companies having offices in India. This certification from IMA® (Institute of Management Accountants) is considered to be on par with the Indian CMA by most employers.

CMA certified professionals are observed to get a career and earnings premium.  In the US, median total compensation is 28% higher for CMAs over non certified peers. Globally, it’s 50% higher.

If you’re planning for your US CMA course credential, you should know the CMA exam dates, schedule, and deadlines. Plus, it’s essential to understand how to register and manage your time.

1. Steps to become a US CMA

1.     Foundational knowledge of economics, basic statistics, and financial accounting

2.     Pass both CMA exam parts

3.     Bachelor’s degree from an accredited college or university

4.     Any major, no course distribution requirements

5.     Most CMA candidates hold a degree in accounting or finance

6.     May be earned within 7 years of passing US CMA exam parts

7.     Two years of professional work experience

8.     May be fulfilled within 7 years of passing CMA exam parts

9.     Active membership in IMA

2. Requirements to maintain US CMA certification

1.     30 hours of CPE annually

2.     CPE must include 2 hours of ethics training

3.     Maintain active IMA membership

3. Which CMA part one should take first?

It is to be noted, you do not have to take the US CMA course exam parts 1 and 2 in order. It’s completely up to you. For example, you can choose to take Part 2 first, if you want. So, how do you decide? The first step is to know what content each part contains. If one part seems significantly easier for you, then you can choose to tackle that one first. There really isn’t a right or wrong way, since in the end, you need to complete and pass both parts to get your certification.

4. The IMA breaks it down like this:

Part 1: Financial Planning, Performance, and Analytics

15% External Financial Reporting Decisions

20% Planning, Budgeting, and Forecasting

20% Performance Management

15% Cost Management

15% Internal Controls

15% Technology and Analytics

Many candidates find Part 1 to be more difficult since it covers more topics and a wider array of subject matter. You can read more about CMA Exam Part 2 difficulty compared to Part 1 if you want to learn more.

In general, Part 2 has fewer subjects and units, so many people do consider it easier. Personally, I was more frustrated with Part 2. It seems easier when you look at it, but the questions were not as straightforward as Part 1.

Part 2: Strategic Financial Management

20% Financial Statement Analysis

20% Corporate Finance

25% Decision Analysis

10% Risk Management

10% Investment Decisions

15% Professional Ethics

You will have an average of 12-18 months to complete each part, with 3 years to complete both. Many people sit for the exams in order, taking Part 1 first since it seems the most logical.

However, some people think Part 2 will be easier for them, so they register to take it first and get it out of the way. The choice is yours. If you want to review the material a bit more and then make a decision, that is one option.

1. Each exam part is four hours in length

2. 100 multiple choice questions, followed by two 30-minute essay scenarios

3. Exam administered at Prometric testing facilities across India.

5. Overview of 2022 US CMA exam dates

You need to understand the US CMA course exam schedule to register for your exam dates. Maybe you’ve been studying for weeks (or even months), and you finally feel confident enough to book your CPA exam date in 2022. However, it’s not possible to take the exam whenever you wish.

First, you must schedule your CMA exam within one of the testing windows. The good news is that we already know the CMA exam dates for 2022, so you have plenty of time to prepare. Furthermore, understanding the timeframe for the testing windows is essential to your CMA exam schedule.

The IMA currently offers three testing windows each year for the CMA accounting exam dates, as follows:

CMA Testing Window	First Exam Date	Last Exam Date	Last Date to Register
January/February	Jan. 1, 2022	Feb. 28, 2022	Feb. 15, 2022
May/June	May 1, 2022	June 30, 2022	June 15, 2022
September/October	Sept. 1, 2022	Oct. 31, 2022	Oct. 15, 2022

Additionally, the dates are the same for each section of the two-part exam. Therefore, the CMA exam part 2 dates are identical to the part 1 dates. If you miss your testing window, you’ll have more hassles than just needing to reschedule. After all, it could throw your study plan off by months. Missing a testing window isn’t the end of the world, but it’s always better to avoid it when possible. Since the testing windows are always the same, you can avoid this problem by being proactive about your planning.

6. Scheduling the Exam with Prometric Centre

Upon selecting the appropriate test window, next comes the booking of your exam slot. Prometric offers convenient, online, anywhere, anytime scheduling and registration with global contact center support. Using the Prometric website, test takers can quickly, easily and conveniently register or schedule an exam online anytime they wish.

Online test scheduling allows test takers to search for the exam they want to take, locate a test center near them, select a time and date to test and book the exam, all from the Prometric website. You will schedule your test with Prometric.

However, you can either take the CMA at a Prometric test center near you, or you can choose online remote proctoring from your own computer at home. If you choose to take it in-person, plan carefully, since planning potential travel arrangements is also essential when you schedule a test. You can also use the same Prometric dashboard to reschedule or cancel your test and to confirm your test once you have scheduled it.

Next, in order to reserve a space at the Prometric exam site or to reserve a remote proctored time slot, you will need an authorization number. It is advised that you send in your registration around 6 weeks before the intended date of your exam to ensure everything is processed on time. Keep in mind that many people are trying to register, and spots may be limited, especially at more popular testing centers.

Finally, remember that you must be an IMA member before you register for the exam.

Now that you know the IMA CMA exam dates, let’s look at some tips for scheduling your appointment.

7. Tips related to scheduling of US CMA Exam

If possible, schedule your exam in the first month of a testing window (i.e., Jan, May, Sep). This gives you more time in case you need to reschedule. This could save you money in the long run, where rescheduling fees are involved.

Candidates are allowed to reschedule their exams for free within the same testing window as long as their test date is still 30 days away. For example, if you run out of studying time, you can still postpone your January exam to February. If you schedule the exam in February, you can’t extend it to May, and instead must pay in full for your next exam. Of course, no one likes to think they will need to reschedule their exam, but you never know what will happen. Putting yourself in the position of having the free rescheduling time is a smart move, just in case.

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

8. Other Important CMA Exam Dates IMA

In addition to knowing the exam windows, you should be aware of a few other restrictions for scheduling your US CMA course exam.

1. All exam appointments must be made with Prometric at least 72 hours before your exam date.

2. If you need to cancel an exam appointment, you must do so at least 72 hours before your date, according to Prometric’s policies.

3. Exam appointments must be scheduled within the same testing window. For example, if your original appointment was in the January/February window, you can’t reschedule for the May/June window.

9. Time Management

It is of utmost importance to understand your “CMA clock.” You have to complete all steps of the certification process within a certain timeline. Please note that the countdown on your CMA exam clock starts the day you pay the CMA entrance fee. On this date, you’re officially “in” and your work to become a CMA begins. Specifically, you must register for the exam within 12 months of entering the CMA program and pass both parts of the CMA exam within 3 years. Therefore, it is important to be mindful of your window and not to allow these dates to pass you by.

If you run down your CMA exam clock, you must start all over again by re-paying the entrance fee. To manage and track your CMA exam clock, most people keep a CMA calendar. You can also work this CMA exam calendar into your study program to help you stay on track.

10. Example of US CMA Exam Scheduler- At a Glance

Let’s take January 1 ,2022 as the day of commencement and to wrap up the whole thing within 6 months.

1. Apply for IMA membership and pay the entrance fee – January 2022

2. Pick a CMA review course and start studying – January 2022

3. Pick your CMA test exam dates and register for the CMA exam – around mid-March 2022

4. Sit for the exam (Part 1) – May 2022

5. Sit for the exam (Part 2) – June 2022

6. Pass the 2 parts and get your CMA certification.

You can make your personalized roadmap to US CMA based on the above example accordingly.

11. US CMA Exam Score Release Date 2022

Your CMA exam result date is based on a formula depending on your test window. They say the waiting is truly the hardest part. And while this may be true, you can do some value-added things while you wait.

Results come 6 weeks from the last day of the month you took the test, plus or minus a day.

Example:

1. If you take the exam on January 30, you will know the date sometime in the middle of March.

2. If you take the exam a few weeks earlier on January 2, your CMA exam result is released the same day as the above. Why? Well, you’ll wait 6 weeks after the end of the month you tested.

So, in this example, if you choose any CMA January 2022 exam date, you won’t get your results until March. The results will be updated online in your IMA profile almost immediately from this date. Furthermore, Prometric will email you a performance report about 14 days after your exam.

12. Stats from IMA regarding US CMA

1. The CMA has a 45% pass rate globally

2. 5,000 CMAs granted each year on average

3. 100,000 CMAs awarded to date

13. IMA: Important Updates for IMA Members and CMA candidates

A. Testing Center Update

Updated on April 27, 2022

As we continue to monitor the global COVID-19 pandemic, our top priority remains the health and safety of all CMA candidates and our staff. Given the current outlook, please note the following schedule and process changes:

B. Prometric testing centers are open

Most Prometric testing centers around the world are open, many at full capacity. Review the complete list of open Prometric testing centers. Note: This list is subject to change.  

C. Update to mask/exposure policy:

In light of recent trends and mask mandate changes around the world, along with updated guidance from leading world health organizations, effective May 1, Prometric will not require masks to be worn in testing centers. Prometric, however, will continue to allow and encourage the wearing of masks regardless of mandate or vaccination status. Please note: If masks are mandated in a specific market by local government and/or health officials, then Prometric will follow that guidance in testing centers as well.

In addition, regarding COVID-19 exposure, if a candidate has tested positive for COVID-19 or reports exposure to someone who has COVID-19, Prometric asks that they wait five days and are symptom free prior to testing.

D. Proof of vaccination

In an effort to comply with regional and local/government guidance and mandates, some Prometric testing centers are now requiring candidates to present proof of COVID-19 vaccination at check-in.

Prometric maintains a list of test sites globally that require proof of vaccination in order to test. Candidates testing at these identified sites should be prepared to present the documentation provided to them by their healthcare provider at the time of vaccination. Prometric will update this list on a regular basis.

Candidates should check for additional details by visiting Prometric’s COVID update page.

Have more questions regarding testing sites and COVID-19? Go to the Prometric FAQ page now.

14. What to expect on test day?

This video will provide you with a detailed overview of what to expect during your visit to a Prometric test center.

A. Prometric has resumed biometric procedures

Prometric has reinstated its biometric procedures, specifically fingerprint and ID scans. Out of an abundance of caution, all test takers will be required to use hand sanitizer before using any fingerprint scanners, and Prometric staff will wipe down devices with cleaner after each use to help reduce any risk of transmission. Prometric test center staff are trained on how to assist test takers in using fingerprint and ID scans from an appropriate distance. More information about these policies can be found on the enhanced test center procedures page on Prometric’s website.

B.Remote Testing Option

CMA candidates now have the option of taking their exams either in-person at a Prometric test center or remotely using Prometric’s ProProctor™ service. Certain technology and space requirements apply. Please see the Remote Testing webpage for complete details.

C. Education Transcript Submission

Change to submission process for education transcripts

CMA candidates must submit all required educational transcripts to ICMA electronically on a temporary basis. Please email all documents in PDF format and make sure to include your IMA membership number. Send to:

1.For candidates in China: cmarenzheng@imanet.org.cn

2. For all other regions: CMAEducationDocuments@imanet.org

If you have already submitted your educational documents by mail, please resubmit a scanned copy of your documents to the above email address. To register to take the CMA exam, please visit the exam registration page.

15. Summary

By now, after browsing this write up, you being a CMA US aspirant, believed to be well acquainted with the CMA US course and the procedures of registration and booking of the CMA US exam through prometric centers. Till available updates are provided to help you take steps judiciously to complete the entire process. Last but not the least, everything depends on the status of your preparation and preparation brings confidence and it is the confidence that will pave your way to become a CMA US in the long run.

Select the Premier Institute for becoming a CMA US at First Attempt

Uplift Pro is an official partner of the Institute of Management Accountants (IMA), USA, for providing 360-degree study support for the prestigious and globally demanded US CMA certification.

Salient Features of the US CMA Course

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%, Uplift Pro has a pass percentage of more than 70%. We are one the smartest US CMA institutes in India.

7. Along with providing CMA Study Support, we uplift the soft skills of our students, if required, and also help them in getting placed in leading companies in and outside India.

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

9. Uplift Pro is a valued CMA study center recognized by the IMA US and Gleim Accounting for training students for the US CMA course. Students of Uplift Pro enjoy special discounts in IMA fees.

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

11. Uplift Pro’s US CMA live online classes are scheduled and designed in such a way you can avail them from your home computer after your regular working hours.

12. Uplift Pro provides “Till you pass” guarantee to every student which means once you become our student you may attend our live online classes at no extra cost until you pass.

13. In case you miss a class, you get the recording of it the very next morning.

14. You get 1:1 personal support from our experienced CMA certified faculties in class and out of the class in dedicated WhatsApp study groups.

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

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.