how-to-become-a-cma
how-to-become-a-cma

Becoming a CMA (certified management accountant) is a great way to take your accounting career to the next level. The CMA designation is a globally recognized professional certification granted by the Institute of Management Accountants (IMA). Por lo tanto, this credential will give you access to tons of opportunities in the financial and accounting management fields that you wouldn’t have without it.

CMA certified professionals have expertise in financial planning and analysis including budgeting and forecasting, control and professional ethics. CMA trabajo como contadores de costos, contadores corporativos, contables de gestión, los gestores de riesgos, FP&A los administradores, budgeters, estrategas financieros y tomadores de decisiones. Naturalmente, uno puede preguntarse cómo CMA aprovechar sus habilidades únicas.

Típicamente, CMA por lo general trabajan en los equipos de finanzas corporativas de las empresas del sector público y privado (industriales o de servicios) y agencias gubernamentales. They summarize accounting and financial data in a way that it helps understanding the implications of the analyzed data and in turn help improve the performance. Adicionalmente, CMAs also function as decision support or advisory for the company’s board of directors and C-suite executives.

Needless to say, you have a lot of options with this credential. Por lo tanto, let’s talk about what is needed to become a CMA professional and the first steps to start your CMA journey.


How Do You Become a CMA?


Steps to Become a Certified Management Accountant

Fulfill the CMA Educational Requirements

The first step is to ensure that you fulfill the qualification requirements for the CMA exam. Básicamente, they can be classified into 2 broad categories: procedural and educational.

además, procedural requirements have to be met before registering for the CMA Exam. This include:

  • Be a member of the Institute of Management Accountants (IMA).
  • Pay CMA program entrance fee

After the procedural requirements are met, you will have to fulfill the educational requirements. Por lo tanto, here are the CMA educational requirements:

  • Bachelor’s Degree in any discipline from an accredited post-secondary educational institute. Please see if your university belongs to the list of accredited universities. Desafortunadamente, if your university is not on the accredited list, you need to get your degree evaluated from an independent evaluation agency OR
  • You may also take the exam before you complete your degree, provided you are registered for at least 6 credits per semester during the academic year OR
  • Exemptions for professional certificate holders: Una lista de certificación autorizado se puede encontrar aquí.
  • Finalmente, usted debe solicitar una transcripción original o carta oficial del organismo certificador aprobado para ser enviado directamente a IMA.

Pagar la cuota de membresía IMA

Sinceramente, pertenencia IMA puede proporcionar oportunidades de liderazgo a través de redes y facilitar el acceso a herramientas e información para mejorar su carrera. Como un primer paso hacia una gran carrera, activar su membresía IMA seleccionando el tipo adecuado de pertenencia. Hay varios tipos de membresías disponibles en función de su profesión.

  • Los estudiantes calificados (inscrito en al menos seis créditos por semestre) pagar $39 al año para ser miembro de IMA mientras que los estudiantes regulares pagarían $230
  • Los profesionales tienen que pagar $245 como cuota anual IMA

Unirse al programa de CMA

Convertirse en un miembro de la AMI y unirse al Programa CMA son dos pasos distintos. sin embargo, Le informamos de que el costo del programa de CMA no es reembolsable y por lo que debe inscribirse en el programa de CMA sólo cuando se decide tomar el examen.

The entrance fee for the CMA program is:

  • $188 for students
  • $250 for professionals

Once you have enrolled you will receive a confirmation email with instructions on how to access the CMA Exam Support Package. sin embargo, the CMA Exam Support Package doesn’t include study material.

You are required to appear for the exam within 12 months and complete the CMA Program within 3 years after enrollment.


Get a CMA Review Course

The CMA exam is tough. Por consiguiente, there’s no point messing around with it and trying to pass it without using a professional set of study materials. A good CMA exam prep course (such as falso o Becker) will not only help you save time studying for the exam; it will also help you move on with your life faster.

Por lo tanto, it’s so important to get a CMA study guide that matches your learning style and works for your budget. This could mean the difference between failing the exam and having to take it multiple times or passing the first time and getting a raise and promotion.

Por último, an investment in a proper CMA course is completely worth it. Below is a list of the top ones on the market, take a look at which one works for you.


How to Register for the CMA Exam

The next step after enrolling in a CMA program is to register for the exam. You can register online, over the phone, or by mail or fax. Honestly, anything works, but it’s easier to do it online.

You will be asked to provide information such as which parts of the exam you want to appear for and during which testing window. Usted puede optar por tomar ambas partes durante la misma ventana de pruebas.

La tasa de examen para cada parte es:

  • $311 for students
  • $415 for professionals

Por lo tanto, con todos los trámites atendidos, ahora vamos a llegar a la oferta real!


Pasar el examen de CMA

Esencialmente, este es un examen basado en computadora. Existen 2 de repuesto para el examen CMA:

  • Parte 1: Informes financieros, Planificación, Actuación, y control
  • Parte 2: Toma de decisiones financieras

exámenes CMA son 4 hora de duración exámenes rigurosos. Cada sección se compone de 2 secciones y hace pruebas sobre su capacidad para explicar los conceptos y sus aplicaciones.

  • 100 preguntas de opción múltiple son 3 horas de duración
  • Dos preguntas de ensayo, which you must be complete in an hour

You have to answer at least 50% of multiple-choice questions correctly in order to be eligible to write the essay section. por suerte, the good thing is that you aren’t required to pass both sections independently. Your scores for both parts are added and the total of both scores determines if you pass or fail.

CMA Exam Testing Windows

You can sign up to take the CMA exam during three different testing windows each year:

  • January – February
  • May – June
  • September – octubre

You are allowed to register for the exam only up to the 15th of February, June, and October. Registering about 6 weeks before exam dates allow for sufficient processing time.

CMA Exam Testing Location

Please visit the Prometric Testing Center page to book your exam center. After registration, you will receive an authorization form, which you should use to schedule exam time at Prometric Testing Center.

sin embargo, keep in mind that the exam fees are refundable within 30 days of when you scheduled your exam as long as no Prometric appointment has been set up. Even if you get a refund, a small processing fee is typically deducted from your refund.


Pay the CMA Exam Fees

There are several different fees and costs associated with becoming a CMA. Some are significant and others are smaller. Here’s a list of how much it costs to take the CMA exam and become a CMA.

CMA Exam Fees and License CostsFees and Costs - ProfessionalsFees and Costs - Students
IMA Membership Fee:$245$230
CMA Program Fee:$250$188
Exam Registration Fee:$415$311

Fulfill Your CMA Work Experience Requirement

After you have successfully passed the CMA exam, tendrá que completar algunos requisitos de experiencia laboral antes de que realmente será certificado. CMA candidatos al examen tienen que completar por lo menos dos años de contabilidad de gestión y experiencia profesional / o gestión financiera.

Esta experiencia de trabajo debe ser completado dentro de los siete años de pasar el examen y debe ser continuo.

IMA reconoce su experiencia profesional en diversas áreas tales como la auditoría, planificación y análisis financiero, evaluación de riesgo, etc.. which employs knowledge about management accounting and financial management. For more details on work experience requirement please refer to  CMA Handbook Pg.6


Comply with Ethical Standards and CPE

You are eligible to apply for CMA Certificate after you complete both parts of the exam and meet the experience requirement.

Adicionalmente, you must complete the following continuing education each year in order to maintain your CMA Certification:

  • 30 hours of continuing education per year
  • 2 hours of these 30 hours of CPE should be in the area of Ethics and comply with IMA’s Statement of Ethics for professional practitioners.

Pay Your CMA Dues and Get Your License

Finalmente, in order to maintain your certification, you must pay the following:

  • IMA Membership fee to ensure your IMA Membership is active
  • Annual CMA Maintenance Fee

Will You Become a CMA?

CMA is a highly valued global credential, which can give you a head start in your early career or boost your market value to take the next step on your ladder of success. Por último, when you put it all in perspective, the certification costs about $2,500 in total and may require about 150 hours of study time and effort per exam.

In return, you gain an edge over your competition and a potential six-figure salary in your dream company! Now that sounds like a good deal, don’t you agree?

Kenneth W. Boyd

Kenneth W. Boyd is a former Certified Public Accountant (CPA) and the author of several of the popular "For Dummies" books published by John Wiley & Sons including 'CPA Exam for Dummies' and 'Cost Accounting for Dummies'.

Ken has gained a wealth of business experience through his previous employment as a CPA, Auditor, Preparador de Impuestos y profesor de la universidad. Hoy, Ken continues to use those finely tuned skills to educate students as a professional writer and teacher.