The US CMA designation

The US CMA designation: - US equivalent of Indian CMA [earlier CWA] - 6-9 month’s timeline - Only 2 papers - Exams in India - @Simandhar, Becker “official” India partner

The US CMA designation

Section 1

The CMA Career

CMA by IMA (US) = US equivalent of Indian CMA

Roadmap to CMA = 6 months

CMA is the US equivalent of Indian cost accountant from Institute of Cost

Accountants of India (formerly ICWAI)

CMA exam USPs

2 exams only

Exams in India

6 months / 400hours study

Extensive career opportunities with MNCs in finance &accounting

International

Credibility

• Global recognition

• Opportunity with MNCs in India

• MoU between IMA & ICWAI ensuresmutual recognition

Knowledge

Base

• Finance & Accounting

• Financial Reporting, Planning,Performance, Control, Decision-making

• No Audit / Tax

Course USPs

• 2 exams only, 11 Sunday classes

• Can complete within 6 months

• Anywhere: India or globally

• Anytime: 6 months/year

The US CMA designation

Why only 2-4 exams for US CPA/CMA certifications?

US CPA / CMA

US professional qualifications “COMPLEMEN” UNIVERSITY EDUCATION – e.g., to be a CPA, CMA or CFA, a university degree is mandatory

Therefore, these are crisper in content and focus only on skill gaps that are needed to be a F&A professional

Designed to be pursued alongside a full-time job and to facilitate the career progression for professionals

Indian CA / CWA

Indian (or even UK) professional qualifications tend to “SUBSITUTE” UNIVERSITY EDUCATION – e.g., you can be an Indian CA, CMA or CS without being an under-graduate!

Therefore, these are lengthy and also encompass what a candidate would have covered (or simultaneously covers) in a university degree.

Global

recognition

2-4 exams,

single-level

University

degree required

16-20 exams, 3

levels

University

degree

The US CMA designation

CMA @F&A roles = “Value Creation”

MANAGEMENT ACCOUNTING

PUBLIC ACCOUNTING

Management Accounting is about “value creation” whereas Public Accounting

treads into “valuation”

CMAs work inside the organization creating value by providing high

quality financial information to management.

Public accountants (CPAs) attest to the validity of that information

Management Accountants help create value, rather than simply

measuring it!

Key responsibilities of Management Accountants:’

o Act as trusted business advisors

o Support management decision making process

o Involved in strategic development initiatives

o Work “hands on” to add value in organizations

o Use broad-based business knowledge to improv

Inside the organization

Design

Implement Manage

Report

AUDIT

The US CMA Certification

CMA Exams = 2 Parts only

The 2-part CMA exams cover abroad-base of topics– all a

Management Accountant or Financial Analyst needs to know!

Students would need approx 400hours to prepare for the exams

Exam pass rates of over 40%CMA Exams = 2 Parts only

Key pointers:

Exam pattern = 75% objective pattern / 25% essay questions

Passing score of 360 out of 500 on each part

Global Pass Rate > 40%

Anytime across 3 exam testing windows: Jan-Feb, May-June, Sep-Oct

(6 months/year)

Anywhere in India or abroad

The US CMA Certification

Overlap between CPA and CMA curriculum

4 parts on the CPA exams:

Indicative coverage on the CMA exams:

CMA = Focus on Finance & Accounting = CPA (-) Audit (-) Tax/Law

FAR

•Financial Accounting &Reporting

AUD

•Auditing & Attestation

REG

•Regulation (US tax & business law)

BEC

•Business Environment & Concepts

COVERED FAR NOT COVERED AUD NOT

COVERED REG

COVERED BEC

The US CMA Training @ Simandhar Education

Simandhar CMA - Course Offerings 126 hours of classroom training over 14 Sundays; Learning through materials published by Hock International

Online Test Bank with 2000+ Exam Questions and 10 Sample Essays

Quick Online Refresher

Online study material with Text, 550+ Exam Questions

More than 23 hours Video, 18 Essays

Effective Learning System with Bite-Sized Lessons, Exam Planner

Instructor Mentoring with Online Support

Lectures to be delivered by all proficient faculties and with industry experience

Placement assistance (for self-sponsored candidates)

Simandhar Education is the provider of CMA classroom training. Simandhar Education provides the best in-class study material, a unique classroom delivery model quality education with emphasis on conceptual knowledge and extensive student support to accomplish their goals.

Simandhar CMA Course Fees

INR 89,000+GST

Early bird discounted fee INR 72,900+GST

For more details on Course Structure and Batch schedule please visit our website

www.simandhareducation.com