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cmaexamtutor.com/ October 27, 2020 What is CMA
Accreditation The Certified Management
Accountant (CMA) credential qualifies those who
get it to work in strategic management and
financial accounting settings. Aspirants prefer
this pathway because it includes the topics that
are not even the part of Certified Public
Accountant Certification (CPA) program. Rather
than CPA certification that focuses on audit
reports and tax returns preparations, CMA
qualification deals with management and
administrative level tasks. CMA certified
accountants examine budgets for internal analysis
and assist organizations in making strategic
business decisions. Individuals who are willing
to apply for executive positions like chief
financial or accounting officer pursue this
qualification frequently. Instead of
non-certified peers CMA salaries are 68
higher. Get IMA Membership This is the most
unheeded part by the applicants, they consider it
a just sign up attempt. To take the CMA exam, an
individual must have to apply for IMA
membership, after paying an annual membership fee
you can be allowed to take the
exam. Prerequisite of CMA Exam To get basic
understanding of accounting and business
knowledge quality CMA review courses might be
helpful but a CMA candidate must have detailed
knowledge of these principles. So, its
appreciable if one has a bachelors degree in a
respected field. Educational Preconditions An
applicant is required to have one of the
subsequent education requirements a
professional certification or graduation from a
high level educational institution. Candidates
with bachelors degrees in different
specializations can also apply but their
transcripts are evaluated on a case-by-case
basis, so there is no assurance for
approval. Experience Preconditions You are
eligible to take the CMA exam without any work
experience with help of CMA exam prep courses
but the institution does require a minimum 2
years of professional experience in management
accounting or financial management to entitle you
CMA certified.
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• Examination Structure and Time schedule
• The CMA credential has two sections. First one is
  about financial reporting and planning, and the
  other one focuses on financial decision making.
  Test takers are supposed to write 2 essays and
  answer 100 MCQs within four hours for each part.
  To complete the test in a time frame its
  imperative for candidates to completely
  understand the core concepts, CMA exam prep
  courses and best CMA study materials are quite
  beneficial in this regard.
• Enrollment and Fee Process for CMA Exam
• After IMA verification of applicants degree and
  professional certifications, they can enroll and
  pay for the exam.
• How to Register
• First, aspirants must have to become a member of
  IMA. After payment submission, the test taker is
  able to register for the exam. They are intended
  to register for both CMA parts separately. Next
  step is to schedule a test date by using the
  Prometric Website.
• Requirements for Registration
• Candidates must provide listed information
• Authenticated educational qualification
• IMA membership details
• Payment method to register
• When to Register
• You must have to register at least two months
  before the test, you can not take the exam
  before this duration.

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Its said that to achieve success is not as
difficult as to maintain that success.
Congratulations, if you have passed the exam.
CMAs must have to take 30 credit hours in the
referring field each year to keep hold on
certification with annual fee payment. CMA Exam
Syllabus If you fulfill the outset requirements,
well and good and its time to focus on study.
Lets have a look at knowledge areas of CMAs
both parts. Part 1 of CMA includes Planning,
Budgeting and Forecasting (30) External
Financial Reporting Decisions (15) Cost
Management (20) Performance Management
(20) Internal Control (15) Part 2 of CMA
includes Corporate Finance (20) Financial
Statement Analysis (25) Risk Management
(10) Professional Ethics (10) Investment
Decisions (15) Decision Analysis (20) How to
Prepare for CMA exam Set aside a substantial
amount of time to go through the best CMA Study
material and quality CMA exam review courses.
Pass out rate for this exam is not ideal, this
fact implies the complex nature of course. Make
a strategy The primary part of a CMA job is to
make strategy, so practice it while studying for
an exam. Decide on study type and make a
competent study plan. Start Early
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Avoid procrastination because the early study
process helps adherence to information. Delays
in starting may cause forgetfulness and
stress. Prepare Schedule Planned schedules
produce organisms in life, so make one for
yourself. Decide time and and duration for study
and follow the schedule and your consistency will
repay you. Get CMA exam prep Courses To add an
extra layer of knowledge or to impose a new
structure its better to join quality CMA exam
review courses. Register for the best CMA study
material, ensure to take the course from an
authentic website or institution. Join Practice
Tests If you struggle with MCQs, you can get
incredible benefits from practice tests. To match
your pace with the exam schedule its best to
take as many practice tests as you can, but
before solving tests make sure the relevancy and
authenticity of them. Final Thoughts CMA is one
of the most valued accreditation worldwide, to
boost your career start and increase your market
value pay considerable attention to this
credential. It opens the doors of a wide range
of industries. Eventually, the plan to keep
pursuing the CMA program depends on your career
objectives and as well your strengths. This
management designation is perfect for
professionals who want to employ in management
careers, individuals who want to work at
executive positions. Trending Blogs Gleim
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