CMA USA

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.

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

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.

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.

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.

To be eligible for CMA certification, you must fulfill all of the following requirements:

• Membership in the Institute of Management Accountants
• Paying the Entrance Fee
• Satisfying the Education Qualification
• Satisfying the Experience Qualification
• Passing scores for all required examination parts
• Compliance with the IMA Statement of Ethical Professional Practice

      CMA comprises of only two papers (parts).

• Part 1: Financial Planning, Performance and Analytics
• Part 2: Strategic Financial Management

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 Prometric Examination Centers located across the world, including India. There are two options available to give this online exam. You will need to book your seat in a prometric center near you and go physically to the center to give the exam. In case you stay in a location or country where there are no local prometric center, you may book your seat online for a remote exam facility wherein, you can take the exam from your home. Please note that for remote exam facility, you will need to have the required hardware and software setup available with you

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 either through Prometric Exam centers located near you OR in case you do not have a prometric center near you, you may give the exam using the remote exam option from your home. Please note that you will need to have the required hardware and software to attempt the exam.

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 $476 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). CMA(US) qualified professionals are required in all Big4 companies and KPOs like TCS, Wipro, CTS, etc since 60-70% of their work loads are from BFSI sector in the USA

If you pass CMA exams from India, your qualification will be considered equivalent to ICWA, India. Previously there was a MOU between IMA and ICWAI which offered a CMA India certification to people who passed CMA US from abroad. However, that MOU has been cancelled and there is no such arrangement currently.

IPFC’s ONLINE classes are conducted throughout the year.

Class timings are convenient both for students and working professionals. It ensures that you have the full day with you for your work/studies.

Classes are held 4 days a week as per the schedule below :
Thu and Fri – 9.30pm to 11.30pm IST
Sat and Sun – 10.00pm to 12.00am IST

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.

Every LIVE class of ours are recorded. The recording along with the Class notes and sheets which are using during the training are available to you. You may go thru the same before attending the next LIVE class. That way, you do not miss any class OR fall back due to any reason.

Once you join IPFC Academy, you become part of our active student community. You may post your query on the student forum OR you can also request for a 1 on 1 session which is available to you without any additional charges. These 1 on 1 sessions are held only between you and the faculty. Hence your doubts are fully cleared before you appear for any exam.

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.