CMA US PAPER 1

About This Course

US CMA Eligibility
Educational level
⦁ The US CMA Exams are administered by IMA, the world’s largest management accounting body.
⦁ IMA offers membership to all the aspirants successfully clearing 2 CMA exams
⦁ 12th in India (Associate degree outside India) is required to appear for the US CMA exams
⦁ Graduation is required to be eligible for a CMA credential.
⦁ Aspirants pursuing Graduation are also eligible for US CMA Credential.

CMA Course Duration
Depending on the aspirant’s plan and study schedule, the US CMA certificate can be completed in a minimum of 6 months to 3 years. As per the guidelines of IMA, an aspirant must complete the exams within 3 years from the date of registration.

US CMA Testing Windows
⦁ IMA conducts US CMA exams in three testing windows every year in India and all over the world. The testing windows are as below.
⦁ January – February
⦁ May – June
⦁ September – October

US CMA Course Fee
US CMA Course fee varies with the status of the aspirant, any aspirant not a pursuing student of any course is considered as a professional. Following are the different fees involved in this course.

CMA USA PART – 1
Financial Planning, Performance, and Analytics
15% – External Financial Reporting Decisions
20% – Planning, Budgeting, and Forecasting
20% – Performance Management
15% – Cost Management
15% – Internal Controls
15% – Technology and Analytics

CMA USA PART – 2

CMA Part 2 is all about Strategic Financial Management. In this 4-hour long exam, you will have to complete 100 multiple choice questions and two essay scenarios.

To make it to the essay portion of the exam, you will have to earn at least 50% on the multiple-choice section.

There are six topics covered in CMA Part 2:

1. Financial Statement Analysis – 20%
2. Corporate Finance – 20%
3. Decision Analysis – 25%
4. Risk Management – 10%
5. Investment Decision – 10%
6. Professional Ethics – 15%

CMA Exam Pattern and Passing Score
⦁ Each part is divided into two sections, length of exam is 4 hrs. which is divided into two portions. Online mode of exam. Examination offered at Prometric Testing Centers.
⦁ 100 MCQs to be solved with in 3 hours Question having four options with one option being correct.
⦁ 2 Essay Questions to be solved within 1 hour Scenario based questions with no choices.Each essay question can be sub-divided into sections.
⦁ If you do not get at least 50% of the multiple-choice questions correct, you will not move on to the essay section.
⦁ The raw score is converted to a uniform scoring system of 0 – 500, and 360 being the passing mark. To put in simple words the Pass mark for Certified Management Accountant (CMA USA) Course in each part is 360 out of 500.

Benefits of CMA USA
⦁ Career Growth:One of the biggest benefits of having a CMA USA is career growth and development. Several mid and senior-level individuals who wish to acquire expertise in the world of finance, management, accounting and business take-up CMA certification.
⦁ Global Opportunities:CMA USA is a global professional certification and recognised by countries like China, India, UK, Canada, Middle East countries. It presents an opportunity to settle and work abroad as well as learn about global practices and business ethics.
⦁ Increased financial success:CMA is a lucrative opportunity and can lead to tremendous financial success. 58% of candidates with a CMA USA certificate see an increase in their salaries and benefits while 37% of candidates between the ages 20-29 globally have a salary advantage due to CMA.
⦁ Short-Duration course:Another advantage of taking up CMA USA is that it can be completed in 12 to 18 months. The CMA exam is conducted thrice in one year giving ample opportunities to candidates to finish their course on time- January and February, May and June & September and October.
⦁ Versatile Certification:CMA is a versatile degree and opens to candidates from an array of specialisations. Candidates with a minimum of 2 years of work experience and a bachelor degree programs from areas like engineering, business administration, economics, accountants and finance can take up this course.

At  AP Academy we want you to succeed in your qualification, and will support you every step of the way, but we need you to put in the effort too. Practice makes perfect, so make sure to leave as much time as possible for exam preparation and practice questions.