CIA

You can write CIA exams without being an IIA member, but members have to pay much less examination fee.

Yes. Institute of Internal Auditors, India is affiliated to the parent body IIA, US.

The Certified Internal Auditor (CIA) designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field. Professionals with CIA are considered to be masters in the Internal Audit and Control domain, a key to become Financial Controller/CFO/Chief Internal Auditor of any big MNC.

CMA

CMA (Certified Management Accountant) qualification is provided by IMA, US (Institute of Management Accountants), one of the professional accounting bodies of US, the other being AICPA (providing CPA qualification). The CMA (Certified Management Accountant) is an advanced professional management accounting certification specifically designed to measure the accounting and financial management skills that drive business performance. It awards the most coveted and prestigious Qualified Management Accountant designation recognized across the globe. In India, it is officially equivalent to ICWA (now called CMA-India) through a MoU signed between Institute of Management Accountants (US) and Institute of Cost Accountants of India.

IMA or Institute of Management Accountants, US, is the apex management accounting body of United States of America.

Bachelor’s degree, in any area, from an accredited college or university is required. Even those pursuing Bachelor’s can do this course; however, they need to provide proof of Bachelor’s degree at the time of certification.

  • 1. Do I need to go for any credential verification before pursuing CMA (US)?
    No, you need not go for any prior credential verification. However, degrees not from accredited institutions must be evaluated by an independent agency listed at www.aice-eval.org or http://www.naces.org/members.htm. You will have to produce your graduation certificate and relevant work experience documents to IMA to get the final certification.
  • 2. What are the requirements to get the final certification?
    To be eligible for CMA certification, you must fulfill all of the following requirements:
    a. Membership in the Institute of Management Accountants
    b. Paying the Entrance Fee
    c. Satisfying the Education Qualification
    d. Satisfying the Experience Qualification
    e. Passing scores for all required examination parts
    f. Compliance with the IMA Statement of Ethical Professional Practice
  • 3. How many papers are there in CMA?
    a. CMA comprises of only two papers (parts).
    b. Part 1: Financial Planning, Performance and Control.
    c. Part 2: Financial Decision Making.
    You will have to write two examinations of 4 hours-duration each. Each paper is a 500-mark exam consisting of 100 multiple choice questions (3 hours) and 2 essay type questions (1 hour).

The minimum passing score is 360 out of 500 or 72%.

A serious student can achieve this qualification within 6-9 months. However, IMA will allow you 3 years to complete the 2-part CMA program.

You can write CMA exams three times a year in January/February, May/June and September/October.

CMA exams are conducted ONLINE through Pro metric Examination Centers located across the world, including India.

Yes, you can go for repeated attempts. You will have to pay the examination fee again before taking the exam.

Yes, you can write CMA exams from India through Prometric Exam centers located in every big city. For details, go to www.prometric.com to locate a test center of your choice.

Yes, you can pursue CMA (US) and appear for the examinations but will have to produce your graduation certificate while acquiring the final CMA (US) certification. However, you will get pass certificate after passing CMA Part 1 and Part 2 examinations. Additionally, university students (pursuing Bachelors, Masters or Ph.D.) get discount of about $766 in IMA fee.

Yes, IMA offers heavy discount in the Membership Fee, Exam Entrance Fee and Examination Fee for students pursuing graduation/post graduation or research program. University students (pursuing Bachelors, Masters or Ph.D.) get discount of about $766 in IMA fee.

CMA (US) being an internationally recognized qualification has a special importance in India. It is considered equivalent to ICWA qualification of India (presently known as CMA, India) as per a Mutual Recognition Act (MRA) between IMA, US and ICWA, India.

If you pass CMA exams from India, your qualification will be considered equivalent to ICWA, India. If you pass CMA exams from anytwhere outside India, you will get dual certification of CMA (US) +ICWA, India.

Click the following link to know more about the agreement and MOU with IMA:
(http://icmai.in/icmai/aboutus/mou/MOUwithIMA.php)

For the detail syllabus, please click here

IPFC classes are rotational. Hence, there is no batch concept. In fact, 99% of the IPFC students/pass-outs have joined their training in middle of a batch. IPFC ensures that all its students have complete training and conceptual clarity about all the exam content. They also get adequate time for revisions before they go for actual examination.

CMA (US) being a world class professional accounting qualification requires having faculties with rich industry experience, in-depth knowledge of teaching and adequate qualifications. IPFC faculties are themselves CMA (US), Engineers, MBAs from IIM Ahmedabad, ICWA and other prestigious international qualifications.

General

IPFC (International Professional Financial Careers Academy) is an internationally reputed institution providing extensive coaching for the CMA (US) qualification through LIVE ONLINE INTERACTIVE CLASSES accessible from home anywhere in the world after working hours. IPFC’s LIVE CLASSES are telecast to more than 45 countries at the same time on specified days of the week.

IPFC’s ONLINE classes are conducted throughout the year.

Class timings are convenient both for students and working professionals. Classes are held every Thursday-Friday, Saturday-Sunday from 9.30 PM IST.

CMA (US) being a world class professional accounting qualification requires having faculties with rich industry experience, in-depth knowledge of teaching and adequate qualifications. IPFC faculties are themselves CMA (US), Engineers, MBAs from IIM Ahmedabad, ICWA and other prestigious international qualifications.

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