CMA USA is one of those courses that can guarantee you a sterling career and a promising future. It is a course that has global validity and recognition. Certified Management Accountant or CMA USA is basically an exam-based course that has global recognition and requires you to have accomplished a few things more than just the exams. If you have been thinking of taking the course and are looking for the various course requirements, then we have got all the details for you. Read the following post that comprises all the information in a stepwise manner. So, read on, and know all about the certification course. After having amassed the knowledge, you will be able to choose the best CMA USA Classes.
The complete process comprises the following steps:
Before we begin with the details of all the steps mentioned above, we would like to say that CMA is a Certification that calls for a natural inclination towards finance and knack of taking financial decisions of major scales. As a CMA you will be asked to take big financial decisions for various firms and you will be holding the top-notch management positions. You will be taking on major roles such as Finance Manager, Finance Controller and Chief Financial Officer. Your pay-cheques are going to be really fat and your career avenues will be wide and varied.
However, if there is one thing that can hugely impact the way you fare in this pursuit of becoming a top-notch finance officer, then, it is the institute you choose for the course. Hence, it is extremely important to choose an institute that provides the best CMA USA Course in Kerala.
CMA USA Fees
Obtaining the IMA Membership
IMA stands for the Institute of the Management Accountants which is a presiding body over ICMA. The CMA USA is organized and governed by the ICMA. In order to retain the membership, you have to pay an annual fee.
The candidates can take up to 10 years to complete the examination process. Once you have paid the exam fee, you have to take CMA I and CMA II within 3 years. You have to produce the verification proofs for the completion of educational requirements within the next 7 years that come after you have taken the exam. However, we suggest that you try to make this time period as small as you can. Because you have to pay the IMA membership fee annually and the longer you stall the process, the more you have to pay.
Submitting the Exam Fee
You can submit the fee to ICMA. ICMA is the agency where your money goes to. Once you have remitted the fee, the exam and all the other services will be availed to you. You are also allowed to access the CMA Support Package which has the questions from the previous years. However, the number of questions that you can find in that package might be very less. Hence, it is essential to enrol with the best CMA USA Classes that can help you in these matters. Almost all the institutes of repute provide the previous year questions and other such material to the students.
Take the CMA Exam
This is the hardest part of the whole process that is pricey as well. You have to take Part 1 and Part 2 exams separately and in any order. Part 1 has papers for planning, financial reporting, performance and control. Part 2 has financial decision making. You have to register for both the exams and complete them within 3 years of fee payment.
The review course is also very tough and very few candidates pass it. If you fail to complete the exam process in 3 years, you have to re-apply and fill the fees again and any exam that you have passed will also be nullified. CMA is offered in Chinese in China and in English all over the globe.
Lastly, you are required to have full-time working experience in Financial Management and Management Accounting. You can also opt for doing a part-time job for 20 hours per week. The two-year work will be counted as 1-year full-time work. The validation proof of the work experience can be sent within 7 years.
You have to pay the annual membership charges after becoming a CMA and complete 30 hours of CPE every year. Of these 30 hours, 2 hours are for ethics.
So, having read about the CMA requirements, you can now choose the institute that can help you in the process. Logic School of Management provides the best CMA India Institute in Ernakulam and many more places and is officially working with the ICMA in the sector.