Things Should You Need to Know about CMA in India (Course, Career, Scope, Salary)

So you aspire to become a Certified Management Accountant (CMA)? Still unsure about how to get started? Here are the details you should know before joining CMA training.

Choosing to enroll in the CMA program is a fantastic way to advance your career in administrative bookkeeping. Nonetheless, it is desirable to have a thorough understanding of the course, capability, qualification, test example, compensation, and professional opportunities before getting started. You don't need to go somewhere else to gain a thorough understanding of CMA; simply relax and keep reading. You will get answers to all of your questions about CMA accreditation before the end of the book.

Requirements to get a CMA Certification

Candidates must also complete the following qualifying conditions in addition to becoming members of the IMA

i. A bachelor’s degree from an accredited university/college or related professional certification.

ii. Pass the two parts of the CMA exam

iii. Two years of professional experience in management accounting or financial management.

You are permitted to join IMA and join in and finish the test prior to finishing these prerequisites. In any case, you will get the confirmation once you complete your four-year certification and two years of expert experience. The CMA program allows you to finish the course at your own speed. You may procure the CMA confirmation in a half year or within 3 years of enlistment for CMA.

CMA in India(Course)

CMA Foundation

Paper 1: Fundamentals of Economics and Management

Paper 2: Fundamentals of Accounting

Paper 3: Fundamentals of Laws and Ethics

Paper 4: Fundamentals of Business Mathematics and Statistics

CMA Inter

CMA Inter Paper 5: Financial Accounting

CMA Inter Paper 6: Laws and Ethics

CMA Inter Paper 7: Direct Taxation

CMA Inter Paper 8: Cost Accounting

CMA Inter Paper 9: Operation Management and Strategic Accounting

CMA Inter Paper 10: Cost and Management Accounting and Financial Management

CMA Inter Paper 11: Indirect Taxation

CMA Inter Paper 12: Company Accounts and Audit

CMA Final

Paper 13: Corporate Law and Compliance

Paper 14: Strategic Financial Management

Paper 15: Strategic Cost Management

Paper 16: Direct Tax Laws and International Taxation

Paper 17: Corporate Financial Reporting

Paper 18: Indirect Tax Laws and Practice

Paper 19: Cost and Management Audit

Paper 20: Strategic Performance Management and Business Valuation

CMA exams are computer-assisted and administered by Prometric, a company with locations all over the world. Though you must plan your CMA examinations at least 72 hours ahead of time, it is preferable to arrange them four weeks ahead of time. The candidates are expected to take the examinations in the months ahead.

January and February
May and June
September and October

What are Career Prospects after CMA Certification?

Obtaining a CMA certification necessitates a great amount of effort and time. So, before enrolling in the CMA program, take a moment to consider how CMA will assist you further your career. Examine whether this skill is best suited to your profession, taking into account your educational background and goals. In any case, obtaining a CMA certification opens up a plethora of job opportunities in both the domestic and global labor markets. CMA certification allows you to broaden your career options by enhancing your financial, bookkeeping, and board skills. Work jobs such as Financial Analyst, Financial Risk Manager, Finance Manager, Financial Controller, Relationship Manager, Cost Accountant, Cost Manager, and so on can also be recognized.

Financial Analyst
Financial Controller
Cost Accountant
Chief Financial Officer
Financial Risk Manager

To read more about the Course, Career, Scope, Salary in CMA here.

Must Read: Scope of CMA in the Government Sector

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