Decoding the Guide to US CMA Exam

Did you just make up your mind about pursuing the US CMA? Well, this is just the beginning in that case. This course has amazing opportunities and the certification opens doors to new and exciting opportunities to develop a successful Finance & Accounting career. Developing and implementing a financial strategy that benefits the organization is the primary responsibility of a Certified Management Accountant.

Now that you are aware of the course, you must already know that US CMA exams are complicated. To help pass the exams, you need US CMA training from experts in the industry. Miles, help with everything from choosing an exam date, to providing the right study material and even placement assistance. Coming back to US CMA exams, understanding the pattern and exam structure is your next step. This article talks about the exam pattern, guidelines, and passing criteria from the best online course for CMA. 

Before we dive in, here are some benefits of seeking the US CMA certification. Apart from being an in-demand course, US CMA is a unique professional certification that holds plenty of credibility. 

• Global Opportunities - You must know by now how this accreditation is valuable on a worldwide scale. With the certification, you can easily apply for jobs in western, European, and middle eastern nations and earn more. 

• Increased Value - Any professional with a US CMA certification is highly valued and given more power in organizations. They are often considered assets in a company =. Nonetheless, after a certain time and experience, US CMA-certified candidates can work as CFOs. 

• Better Salary -  To lay out straight facts, CMA certification holders earn up to 67% more than candidates with just a bachelor's or master's degree. In fact, US CMA-certified professionals are in demand right now. 

• Career Growth - The US CMA certificate would open doors for career advancement. The benefit of getting into superior-level entry positions and managing accounts is another plus point. 

Exam Format Basics

The US CMA certification will open an array of opportunities for professionals seeking a successful career in the Finance and Accounting industry. CMA certification is considered to be a good choice if you want to specialize in managerial and executive-level responsibilities. But before you sit for an exam, here are some basic things you should know. 

• The US CMA exam is divided into two parts. Part 1 is titled Financial Planning, Performance, and Analytics and Part 2 consists of concepts about Strategic Financial Management. 

• You can take CMA exam parts in any order.

• Both parts consist of 100 Multiple Choice Questions and 2 essay questions. 

• There are three hours of deadline to complete the MCQs and one hour to complete the essay. 

• Both parts of the CMA exam are scored on a scale of 0-500. 

• In order to achieve the CMA certification, a candidate must score a minimum of 360 in Part I & II. 

Understanding US CMA Part I & II Exams 

Part I of the CMA Exam focuses on five content areas. If you compare it with a CPA exam, Part I is more like is similar to FAR’s intro and in-depth version of a BEC exam. Below are the CMA Part I content - 

1. External financial reporting decisions 

2. Planning, budgeting, and forecasting 

3. Performance management 

4. Cost management 

5. Internal control

Part II focuses on business management knowledge and skills. Apart from focusing on your expertise to calculate, this section tests your ability to make a strategic recommendation to the management. This part covers six domains, as below mentioned -

1. Financial statement analysis 

2. Corporate finance 

3. Decision analysis 

4. Risk management 

5. Investment decisions 

6. Professional ethics

US CMA Exam Eligibility / Requirements 

To appear for the exams an individual should have completed their 12th in India or an associate degree outside of India. With this, to get CMA certified you must be graduated. 

Individuals who are still seeking their graduation are also qualified for a US CMA credential. 

You must complete two continuous years of professional experience in management accounting or financial management.

High-Paying CMA Roles 

After seeking a US CMA certification, you can earn a six-figure earning power. Having said that, a unique skill set can place CMA positions as leaders and other fantastic opportunities. CMAs hold top management positions in public and private enterprises. To name a few job roles, CMA-certified professionals can work as - 

• Financial Analysts 

• Cost Accountant 

• Accounting Manager 

• Staff & Senior Accountants 

• Corporate Controllers 

• Chief Financial Officier (CFO)

Now that you are aware of the exam details, it’s time to study. With the right institute, seeking the US CMA certification can be made fun. Miles Education offers an extensive learning program with a blended model and with Varun Jain’s expertise clearing exams would become effortless.  

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