CMA certification | Qualifies you to become an internationally certified management accountant

CMA is an exam for Certified Management Accountant, which stands for Certified Management Accountant. It was designed by IMA which stands for Institute of Management Accountants. This certification is also an advanced and globally accredited certification by the American Association of Management Accountants. It is one of the most important American professional membership certificates. This certificate distinguishes its owners at work because the experience that will be gained through it gives the accountant acumen and excellence in administrative accounting work, and also entitles him to qualify for great positions in his field. This certificate is also designed for some other fields in addition to accountants, such as:

1. Engineers.
2. directors.
3. Internal and external auditors.
4. Factory and production managers.
5. Chief Financial Officers.

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Advantages of obtaining a CMA certificate:

Being a CMA certified you will definitely get a lot of advantages, such as:

1. You will be a member of one of the world’s largest accounting associations, the International Association of Management Accountants (ICMA).
2. International recognition of your person as an international management accountant who may work in any country in the world.
3. Also, the demand for your professional services as an accountant will certainly increase by major international and local companies and institutions.
4. Develop your personal and technical capabilities as an accountant, one of the highest professional accountants and distinct from any accountant.
5. This certificate also qualifies its holder to obtain the best administrative positions in the world of accounting.
6. You will get a lot of scientific knowledge and experience in various fields such as economics, managerial accounting, finance and finance.
7. Also, those who hold this certification get very high salaries.

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Test language:

The test is available in English, but it is also available in Mandarin Chinese.

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Test sections:

This test is divided into two parts, which are as follows:

The first section, Financial Planning, Performance and Analytics, includes the following:

• 15% external financial reporting decisions.
• 20% performance management.
• 15% cost management.
• 15% internal controls.
• 20% planning, budgeting and forecasting.
• 15% Technology and Analytics.

Section Two, Strategic Financial Management, which includes the following:

• 20% financial statement analysis.
• 20% corporate financing.
• 25% resolution analysis.
• 10% risk management.
• 10% investment decisions.
• 15% professional ethics.

You can take parts 1 and 2 in any order. You have the option to combine the two together on the same day, although many members choose to separate their test dates, you have to pass both parts to earn certification. The test is electronic.

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exam mark :

Parts 1 and 2 of the CMA exam are scored on a scale from 0 to 500. The minimum passing score for each part is 360 degrees.

Test duration

Each section contains 100 questions (multiple choice, descriptive questions, and essay writing), and 50% of the questions must be passed to move to the essay question.

The duration of the test is 3 hours for the multiple test section, and 1 hour to complete the articles, which means a total time of 4 hours for the exam.

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Conditions for applying for the CMA certificate:

1. You must hold a Bachelor’s degree from an accredited university.
2. You must also have at least two years of experience in the field of management accounting or finance, or both.
3. Or be a student at the Faculty of Commerce, Accounting Division.

Registration steps:

Registration for the CMA exam takes 3 important steps, and they are as follows:

The first step :

Translate your bachelor’s degree into English by extracting a copy from the university administration in English showing the study materials and the number of hours in front of each subject, stamped and approved by the college administration, the university administration and the Ministry of Foreign Affairs.

The second step :

Send the application and the university certificate to the official website of the test through imanet , and then fill out a form dedicated to qualifying for the certificate.

The third step :

Pay the membership fee, then register for the test from the same site by filling in its form.

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Registration period

Exams are presented according to the following schedule:

• January and February.
• Got it
• September and October.

To schedule exam appointments, visit prometric or call (800) 479-6370. To ensure your first choice of date, time and location, it is best to schedule your appointment at least 4 weeks in advance. All exams must be scheduled at least 72 hours before the exam date.

Once you are registered, you must take the exam portion during your assigned session. If for any reason you are unable to schedule a test during the designated test period, you will need to pay another registration fee. Appointments cannot be rescheduled to another test window.

CMA Certification Cost:

1. Exam application fee: $215.
2. Exam fee for one part: 350 US dollars.
3. As for membership fees: 210 US dollars for the first year.
4. Annual membership renewal: $195.

Test Validity

All CMA candidates have three years to pass the first and second part of the exam. The time period will begin with the date of your entry into the CMA program. If you do not complete the two-part test within 3 years, the credit for the part passed will expire and you will have to retake the test.

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CMA Certification Cost:

Salaries for CMA holders range from $80,000 – $125,000 per year depending on experience.

Conclusion :

It is one of the most required professions for all institutions and also because there are many accountants around the world, you will need to prove yourself by obtaining a CMA certificate in order to obtain the best positions in international institutions and companies in various countries of the world