CMA Certification

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• CMA Certification
• What it Can Mean for You

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Institute of Management Accountants (IMA)

• Vision
• The worlds leading association for management
  accounting and finance professionals

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Building Your Career

• CMA Certification Program
• Professional Development Opportunities
• Networking Leadership Opportunities
• Local Chapter Meetings
• Virtual Communities
• IMA Ethics Center and Ethics Helpline

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Who are Management Accountants?

• Chief Accounting Officer/DaimlerChrysler
• Chairman, a Hong Kong Bank
• KPMG consulting partner
• VP, Operational Excellence, Merck
• Third in command at the FBI
• VP, Investor Relations, Johnson Johnson
• Source The Diverse Roles of Professional
  Accountants in Business,
• IFAC, New York, November 2004, Available at
  www.ifac.org.

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Management Accountants What do we do?

• Act as trusted business advisors
• Support business management and strategic
  development
• Provide accurate information for better decisions
• Act as conscience of last resort
• Work hands on to add value in organizations
• Plan for the long-term

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IMA the Profession

• Empower professionals inside organizations who
  create economic value
• Foster unique role as the ones responsible for
  building quality in
• Outside audit works best when the inside job is
  done correctly
• Ethical and responsible corporate governance must
  come from the inside

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CMA CPA Comparison

• CPA
• Auditor of accounting information
• Rule based
• Public practice licensure
• Attesting to the accuracy of financial records
• Historical
• Referee

• CMA
• Preparer/User of accounting information
• Concept based
• Inside corporate professionals
• Higher quality, lower costs
• Forward-looking
• Player

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A CMA Professional Has

• Demonstrated ability to work across the breadth
  and depth of the entire accounting process within
  organizations
• Proficiency in decision-making, planning, and
  control functions
• Agreed to maintain professional competence
  through annual continuing professional education
• Committed to a code of ethics

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How Does CMA Certification Benefit You?

• Opportunity to assess and demonstrate
  capabilities and expand knowledge base
• Distinguishes you from your peers and increases
  credibility and productivity
• Recognition of achievement
• Expanded career options and greater earning
  potential
• Certified professionals earn 24 more than those
  without certification (IMAs Annual Salary
  Survey, June 2009)

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Certification Benefits to the Company

• Identify motivated professionals for hiring,
  recognition, and advancement
• Higher level of service and increased credibility
  among clients
• Achieve and maintain a high level of knowledge,
  competence, and business understanding

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Profile of a CMA Candidate

• 70 have a Bachelors Degree
• 29 have a Masters Degree
• 6 are CPAs
• Average age 34

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Statistics

• More than 30,000 CMAs issued to date
• Pass rates for the four parts of the exam range
  between 50 to 60
• 50 of exams taken outside U.S.

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Making Certification Work

• Commitment by senior management to continuing
  professional development
• Support for review programs
• Company support for CMA exam process
• Tangible recognition for successful completion

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CMA Exam Overview
These exams may be taken in any order but must
all be passed before registering for Part 4

• Part 1 Business Analysis (CMAs can waive Part 1)
• - 3 hours, 110 multiple choice questions
• Part 2 Management Accounting and Reporting
• - 4 hours, 140 multiple choice questions
• Part 3 Strategic Management
• - 3 hours, 110 multiple choice questions

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Certification Exam ContentsPart 1 Business
Analysis
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Certification Exam ContentsPart 2 Management
Accounting Reporting
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Certification Exam ContentsPart 3 Strategic
Management
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Certification Exam Contents Part 4 Business
Applications

• Must complete Parts 1, 2, and 3 first
• 3 hours, 4-7 essays/problems
• All content from Parts 1, 2, and 3 included
• Plus Ethics, Organization Management,
  Organization Communication, and Behavioral Issues
• Computer-based but no immediate scoring

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Becoming a CMA

• Member of IMA
• Apply for admission into certification program
• Register for certification exam
• Fulfill educational credentials
• Pass the certification exam
• Satisfy the experience requirement
• Comply with the IMA Statement of Ethical
  Professional Practice
• View IMAs Webinar, Navigating through the CMA
  Program at www.imanet.org/certification_started.a
  sp
• Visit the Certification Section of IMAs website
  at www.imanet.org/certification

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Fees

• IMA Dues per appropriate member category
• Regular (North America) 195
• International 195
• Young Professional 130
• Academic 98
• Student 39
• 190 registration fee per exam part
• 200 entrance fee (75 for students)
• Includes CMA Exam Support Package
• 95 per part for college students

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Education Requirement

• Bachelors degree
• Certification equivalent to CMA
• or
• Score in top 50th percentile on GMAT or GRE

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Experience Requirement

• 2 years in a management accounting or financial
  management position
• or
• 2 years in public accounting
• or
• 2 years in academia

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Preparing for the CMA Exam

• Step One Make a Personal Commitment to
  Self-study
• Step Two Sharpen Knowledge of Exam Topics
• Step Three Restore Test-taking Skills
• Step Four Take Self-administered or
  Instructor-guided Review Courses

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Remaining a CMA

• Maintain IMA Membership
• Meet the Continuing Education Requirement 30
  Hours/Year (Including 2 Hours in Ethics)
• Comply with the IMA Statement of Ethical
  Professional Practice

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Take the ChallengeBecome a CMA!
www.imanet.org/certification