Certified Management Accountant ( CMA )

CMA:

The CMA (Certified Management Accountant)

is the advanced professional certification specifi-

cally designed to measure the accounting and

financial management skills that drive business

performance. Achieving the CMA credential

demonstrates your mastery of financial planning,

analysis, control, and decision support, as well

as professional ethics.

There are two parts to the CMA exam, consisting of four hours each, which can be taken in any order.

The exam is structured as follows:

By focusing only on advanced accounting and financial management skills, the exam is rigorous

yet responsive to the needs of the marketplace and time-constrained professionals.

PART I

Financial Planning, Performance

and Control

· Planning, budgeting, and forecasting

· Performance measurement

· Cost management

· Internal controls

· Professional ethics

PART II

Financial Decision Making

· Financial statement analysis

· Corporate fi nance

· Decision analysis and risk management

· Investment decisions

· Professional ethics

CMA Requirements:

1- Bachelor's degree from an accredited college or university

2- Foundational knowledge of economics, basic statistics, and fi nancial accounting

3- Two continuous years of professional experience

4- For certifi ed CMAs: 30 hours of CPE credits, including two hours of ethics, and annual IMA Membership are required to maintain active status

* Please note that Professionals with a CMA earn nearly $30,000 more in average total annual compensation than noncertifi ed peers ( based on IMA annual salary survey 2009 ).