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Tag: CMA certification

Why CMA Certification is Making Waves?

Posted on by Imarticus Learning

In today’s borderless, global finance economy, mobility is not a plus — it is normal. The professionals no longer live in one geography or one nation; they pursue international opportunities, cross-border jobs, and international leadership positions. It is under these circumstances that CMA Certification has emerged as the unstated passport of the finance vagabonds — those who want to carry their know-how across country borders.

The CMA, or Certified Management Accountant, is a highly valued professional credential worldwide. With just 6–8 months of preparation time, students can equip themselves to pursue a career in India and globally with salary packages ranging from ₹8 LPA to ₹18 LPA. With its rigorous focus on management accounting, decision-making, and strategic business analysis, CMA is offering just the kind of talent that organisations need today.

Today, we are discussing why CMA Certification is so much a force to be reckoned with, its professional potential, global acceptability, benefits to professionals, and why finance candidates make it their golden ticket.

What is CMA Certification?

CMA Certification is a professional certification of the Institute of Management Accountants (IMA), USA, that is globally recognised. It attests to financial analysis ability, business acumen, decision-making ability, and management accounting ability. Unlike other accounting finance certifications, CMA combines technical knowledge with business know-how — a very practical approach to managing actual leadership. 

Key Features of CMA Certification:

  • Study Time: 6–8 months
  • Career Prospect: India and worldwide in MNCs, consulting, Big 4, and corporate finance functions
  • Salary Range: ₹8 LPA to ₹18 LPA for certified professionals
  • International Recognition: Certified in 100+ countries

This combination of global acceptability, applicability, and high employer preference makes it one of the most sought-after finance professional certifications today.

CMA Certification

CMA Certification Benefits: Why Professionals are Choosing It?

The advantage of CMA Certification is a hundredfold compared to an employment title. It’s global credibility and it proves that the person is leadership-ready.

1. Global Mobility

CMA experts can be deployed anywhere, ranging from the USA to the Middle East, Europe, and Asia. It offers finance vagabonds with the mobility to roam through geographies and industries.

2. Career Versatility

With a certified CMA, the contenders are not limited to traditional accounting. They can opt for careers in the area of:

  • Financial Planning & Analysis
  • Corporate Strategy
  • Cost Management
  • Internal Auditing
  • Risk Management
  • Business Consulting

3. High Earning Potential

Salary packages after acquiring CMA professional qualifications are considerably more than those without any certification. As per industry standards, CMA designation benefits include the average 60% salary increase with certification.

4. Strategic Decision-Making Skills

The CMA is concerned with developing leadership-capable competences. Concentrating on business analysis, financial planning, and performance management, the individuals develop competences to be able to make an immediate contribution to organisational strategy.

5. International Recognition

IMAs Certified Management Accountant title results in the title being recognized globally, conferring the certified practitioner a long-standing competitive advantage in the course of recruitment drives.

CMA Career Opportunities Across the Globe

Whereas discussing the career prospects in CMA, one has to highlight the versatility of the certification. It is equally valued by MNCs, corporates, and consultancy firms.

In India:

  • Management accounting and corporate finance
  • Back-office operations of US and European MNCs
  • Big 4 firm advisory services

Abroad:

  • Financial analyst roles in Fortune 500 organizations
  • Consultancy firm strategic roles
  • Management roles in manufacturing, technology, and healthcare

As globalisation and digitalisation intensify, CMA professionals are able to move into functions in which strategy and finance intersect and assist organisations to grow, scale up, and transform.

Certified Management Accountant Recognition: Why Employers Trust CMA

Today’s recruiters exercise prudence while taking hiring decisions. They require candidates who can contribute value from the very first day to their companies. The Certified Management Accountant designation is a seal of endorsement that guarantees recruiters technical competence, analytical minds, and strategic thinkers.

The employers value CMA professionals for:

  • Their capability to analyze financial information in business context
  • For being leadership-oriented decision-makers
  • For responsiveness in the face of evolving regulatory environment

This renders CMA professionals most sought after in industries like banking, technology, consultancy, and manufacturing.

Imarticus Learning’s Role in CMA Certification Success

The US CMA program at Imarticus Learning is crafted under the mentorship of KPMG in India to stabilise academic education and industry expertise against each other. The team has maximised the preparation process among candidates with industry-specific case studies, live projects, and internship schemes.

What Makes Imarticus Learning Stand Out?

  • Industry-Based Study Material: Closely put together by KPMG experts to cater to global finance needs
  • Internship Exposure: Guest faculty exposure for industry readiness
  • Joint Certification: Imarticus Learning + KPMG in India = strong brand credibility
  • Special Study Guides: Access to study material for Surgent’s CMA (83% pass rate globally)
  • Money-Back Guarantee: 50% fee rebate if exams not passed
  • Pre-Placement Bootcamp: Resume creation, interview preparation, and job placement assurance

With IMA USA Gold Learning Partner, Imarticus is India’s first and only certified prep provider of the world’s top 5 finance certifications (CMA, CPA, CFA, FRM, ACCA).

CMA Certification vs Other Professional Qualifications

Comparing CMA certification with other certifications such as CPA, CFA, or ACCA, the benefits are evident:

  • CMA vs CPA: CPA is US centered, whereas CMA is international oriented.
  • CMA vs CFA: CFA is investment oriented, while CMA is broader with corporate finance and management accounting.
  • CMA vs ACCA: CMA is quicker (6–8 months) in comparison to ACCA’s lengthy course duration.

For those who want international exposure and quicker professional opportunities, CMA is the correct choice to make. 

Watch this video to know how you can grab a career opportunity in multinational companies with US CMA course degree

FAQs on CMA Certification

1. What is CMA Certification and which institution offers it?

It is a finance certification provided by the Institute of Management Accountants (IMA), USA).

2. How long should CMA be prepared?

For normal 6–8 months preparation with systematic learning.

3. What are the CMA designation benefits?

Improved growth in remuneration, global reputation, career designations as strategy, and other prospects in industries.

4. Does CMA allow me to work outside the country?

Yes, CMA provides career prospects in more than 100 nations, thus being one of the most sought-after international mobility certifications.

5. What are the salary ranges for CMA specialists?

Certified specialists earn ₹8 LPA to ₹18 LPA with much more on offer abroad.

6. Which industries recruit CMA-certified specialists?

IT, banking, consulting, manufacturing, FMCG, and healthcare are among the leading recruiters.

7. In what ways does Imarticus Learning support CMA candidates?

With Surgent study materials, sponsored KPMG case studies, internships, pre-placement boot camps, and a money-back guarantee.

Conclusion

The CMA Certification is now the nomad’s secret passport — for others who must live the international dream, dream leadership roles, and economic independence. With the eerie awareness, plenty of career prospects, and self-apparent salary benefits, CMA emerges as one of the most powerful finance certifications.

For Indian students, Imarticus Learning’s association with KPMG India merely makes it all that more profitable — training at global standards, actual practice, and 100% placement assistance.

If you’re willing to bring about a career quick start and unlock doors to international finance opportunities, CMA Certification is the pass you cannot afford to miss.

CMA Certification The Global Pass to Bigger Paychecks

Posted on by Imarticus Learning

As the job market becomes more competitive, CMA certification has become an effective way for finance professionals to advance their careers, earn more money, and gain global recognition. The Certified Management Accountant (CMA) certification is more than just a certificate – it is a demonstration of your knowledge and skills in management accounting and financial management. It is a global standard of proficiency recognised anywhere in the world, which can lead to greater leadership responsibilities, higher compensation, and international experience.

The financial world is considered a big, highly competitive field with many people competing for the same well-paying jobs. A CMA certification enables you to be noticed. It tells a potential employer you want to be a serious candidate, not only because you value your career, but also because you possess critical skills necessary for the financial profession. You are ready to take on significant challenges. Therefore, if you want to climb up your corporate ladder and earn bigger paychecks, then the CMA certification may be your ticket to career success. Let’s explore in-depth to see why CMA certification is your passport to global financial success.

Open Doors to Career Success with CMA Certification

In the lively financial landscape of India, CMA certification can be a tremendous asset. The credential is valuable globally, where salaries may be significantly higher and greater career opportunities exist.

The CMA certification in India is a program of the Institute of Management Accountants (IMA). The accreditation recognises the common skills needed in today’s business world, such as financial planning, analysis, control, and decision support. Highlights of CMA certification in India include:

  • Increased career prospects: CMA practitioners are in demand across every sector, whether in the finance space, in manufacturing, or anywhere in between. Because of this, there is a wide open field of job prospects for CMA professionals.
  • Increased salary potential: According to IMA’s Global Salary Survey, CMAs in India earn an average of 63% more than their non-certified counterparts.
  • International recognition: CMA is an internationally recognised certification, making it a wise choice for anyone who wishes to have global exposure.
CMA CertificationImpact
Career ProspectsExpands potential in every area / sector
Salary PotentialIncreases earning potential by an average of 63%
International RecognitionOffers international opportunities

To obtain a CMA certification, you will need to pass a two-part exam with questions covering a very general overview of several areas of study, including financial reporting, performance planning, etc. It will be difficult; however, the rewards are worth the effort. By enrolling in the CMA certification, you are one step closer to having a unique career in the fast-paced world of finance & management.

Understanding the Structure of the CMA Certification Course

The CMA (Certified Management Accountant) certification is a globally recognised certification that can help your accounting career flourish. So, let’s dig right into the vital course information you will want to have in mind.

CMA certification course is a two-part, intensive course:

  1. FINANCIAL REPORTING, PLANNING, PERFORMANCE, AND CONTROL
  2. An Anomalous Foundation in Financial Decision Making

What to expect from these parts:

Section 1: External financial reporting decisions, planning, budgeting and forecasting, performance management, cost management, internal controls

Section 2: Financial statement analysis, corporate finance, decision analysis, risk management, investment decisions, professional ethics

Essentially, the CMA programme requires a significant financial and time commitment. Candidates devote 150-170 hours to each section. Each section is 4 hours long with 100 multiple-choice questions and two 30-minute essay questions.

Section 1: To properly prepare, you should ideally have a foundation in management accounting and financial management, and the course does recommend you have some basic training in economics, corporate finance, and decision analysis.

In addition, becoming a CMA certification holder requires more than an examination. After, to maintain your CMA, you will be required to complete at least 30 hours of Continuing Professional Education (CPE) each year. This requirement allows the CMA candidate to stay current about specific developments within the area, and it preserves and increases their essential competencies.

In conclusion, the CMA programme is a demanding, comprehensive, and rewarding training that not only adds value to you but also creates opportunities for professional growth.

Reflecting on a Sea of Possibilities that Carry the CMA Certification Everywhere

The CMA certification is a global professional certification. The Certified Management Accountant (CMA) is an entry point to a multitude of career/business opportunities. These skills extend not only to traditional finance professionals, but also into other fields where strategic financial management and decision-making skills are appreciated.

Here are a few attractive career options you could pursue with a CMA in hand:

  1. Financial Analyst: CMAs in financial analysis positions are usually able to receive some of the highest paying roles, as they can provide strategic direction based on economic data.
  2. Management Consultant: The strategic mindset of a CMA works well in management consulting positions that seek to help businesses improve their performance and profitability.
  3. Finance Manager: CMAs are competent at managing corporate finances, including budgeting, forecasting, and the overall strategic plan.
  4. Risk and Compliance Manager: CMAs have a comprehensive understanding of financial laws and regulations, which makes them valuable for risk and compliance positions.
  5. Chief Financial Officer (CFO): Many CMAs have the knowledge and experience to elevate themselves to become CFOs, the most senior executive responsible for managing a company’s financial actions.

Further to this, CMAs can work in sectors like healthcare, manufacturing, technology, government, and many more. CMA credentialing means possessing a skillset with a lot of value in a fast-changing business landscape, allowing CMAs to secure better average salaries than their non-CMA professional counterparts.

As a summary, CMA Certification can significantly boost your career prospects by offering opportunities beyond traditional finance roles, including strategic decision-making positions across various industries.

Financial Benefit of CMA Certification in India

In competitive business climates, especially in India, CMA certification can provide unique financial benefits. A cost management accountant (CMA), with this global recognition, will be rewarded with a substantial salary that is reflective of the breadth and depth of knowledge, skills and expertise that they bring.

Average CMA salaries in India will obviously depend on several factors, not least of which is the level of experience, the location of employment and the size of the organisation. As a guide, consider the following:

  • Entry-level CMA Careers: As a new entrant into the profession, the starting salaries for CMA professionals will typically be in the range of INR 4 to 6 lakh per annum. Entry-level CMA professionals usually have a reasonable recognised degree and some other relevant qualifications.
  • Mid-level CMA Careers: With some experience, the earnings potential will soon rise to an annual salary between INR 6 and 10 lakhs.
  • Senior-level CMA Careers: With over ten years of experience in the role, CMA professionals can expect to increase their earning potential to INR 10 to 20 lakhs or more.

The CMA designation provides increased earning potential and access to incredible opportunities across a variety of industries such as finance, manufacturing, IT and health. CMAs are viewed by employers as individuals who are committed to their profession and highly motivated to succeed, which provides the competitive edge in the labour market, leading to increased career prospects.

In summary, the CMA salary in India provides significant financial incentives to undertake this globally recognised certification. The impressive salaries of CMA professionals illustrate their worth and stature in the rapidly changing business environment; it dramatically enhances their career and financial security.

Exam Format CMA Certification

The CMA (Certified Management Accountant) certification is a global professional certification. A large portion of the CMA certification is tied to two strenuous exams, which test your knowledge and abilities in financial planning, analysis, and control, decision support, and professional ethics.

The CMA exam is divided into two parts:

  1. Financial Reporting, Planning, Performance, and Control
  2. Financial Decision Making

Each is made up of 100 multiple-choice questions and two essay questions (each 30 minutes).

These are the subjects outlined in each part:

  • Part 1: Financial Reporting, Planning, Performance, and Control
    • External Financial Reporting Decisions (15%)
    • Planning, Budgeting, and Forecasting (30%)
    • Performance Management (20%)
    • Cost Management (20%)
    • Internal Controls (15%)
  • Part 2: Financial Decision Making
    • Financial Statement Analysis (25%)
    • Corporate Finance (20%)
    • Decision Analysis (20%)
    • Risk Management (10%)
    • Investment Decisions (15%)
    • Professional Ethics (10%)

Candidates are given 3 hours for the multiple-choice section and 1 hour for the essays. You should budget your time to ensure that you answer each question. The CMA exam structure is bolstered by the breadth of management accounting and financial management topics, which make it very comprehensive for you. So have a well-defined study plan for your CMA certification exam. Keep in mind, the CMA certification is not just about being able to pass an exam; it’s about being able to show your knowledge and competence in management accounting.

Imarticus Learning offers its CMA Course, designed to provide comprehensive knowledge of management accounting and financial management. This course is highly related to our blog topic, as it develops the skills of future CMAs in incredible detail and fosters a strong foundational knowledge in financial planning, analysis, control, decision support, and professional ethics.

As a part of our CMA Course, you can earn a CMA certification, which is a valuable qualification, and open many career opportunities within the finance sector. This course represents the best of theoretical and practical knowledge, ensuring that you will be ready to face challenges in the modern global business environment. Whether you are looking for a refresher course in the finance profession or more experience in finance practices, our CMA Course is an excellent way to develop your career.

Frequently Asked Questions

What is CMA Certification?
CMA Certification refers to the Certified Management Accountant certification. This worldwide recognised certification is granted by the Institute of Management Accountants (IMA) and demonstrates a standard of excellence in management accounting and financial management strategy. Many financial professionals seek CMA certification to improve their career opportunities and earning power.

What are the benefits of obtaining a CMA Certification?
The most significant benefit of obtaining CMA certification is the potential for increased earning power. Many employers acknowledge and respect the CMA certification, and therefore, the CMA designation usually warrants a higher salary than non-certified individuals. The CMA designation can also help you be more marketable in the job market, create opportunities for advancement, and afford you global recognition of your managerial and financial management skills and knowledge.

What are the requirements for obtaining a CMA Certification?
To qualify for the CMA certification, applicants must fulfil specific education and experience requirements. First, an applicant must have at least a bachelor’s degree from an accredited college or university. Second, they must have two years of professional experience in the field of managing or directing financial management or management accounting. Finally, they also have to pass a written, two-part exam about various topics in financial management.

How will I study for the CMA Certification exam?
Studying for the CMA certification exam will include self-study, classroom and online learning opportunities. To study for the exam, there are numerous materials available to help you prepare, including an exam review course, study guides and practice tests. It is essential to have an understanding of the exam format and study elements to feel comfortable when taking the exam. Particularly, you will want to spend as much time as possible studying these elements leading up to the exam date.

Is the CMA Certification recognised globally?
Yes, the CMA certification is recognised globally. It is issued by the IMA, which is an internationally recognised not-for-profit association that has members in over 140 countries. Earning a CMA certification may help you find opportunities not only in your country of citizenship but also internationally.

How often do I have to renew my CMA Certification?
Once you earn your CMA certification, which does not expire, you will be required to earn 30 hours of Continuing Professional Education (CPE) every year, including 2 hours in the subject area of ethics, to retain your certification. This requirement will ensure you maintain your knowledge and keep up to date with the latest advancements in management accounting and financial management.

10 Shocking Reasons Why You Should Get Your CMA Certification Now

Posted on by Imarticus Learning

If you want to make a mark in the financial and accounting world, then being a Certified Management Accountant (CMA) is the way to go. To be a CMA, you are required to register with the Institute of Management Accountants (IMA) and enrol in the CMA programme. Also, it must be noted that CMA certification provides unique professional benefits that regular bachelor’s degrees don’t. Read ahead to know about the reasons why you should get your CMA USA certificate now!

  • Enhance Financial Skills and Knowledge

With a thorough and diligent knowledge of management accounting processes, CMAs perform more specialised tasks than included in a general accountant’s job description. They are responsible for performing budget analysis and planning, making key investment decisions and risk management.

  • Career Advancement

If you enjoy managing and mentoring others, then CMA certification can be a fast track to manager-level roles. Demonstrating your knowledge of financial planning and management processes, it helps a professional stand out amongst other accountants for new roles.  

  • Get Credibility 

Having CMA certification not only speaks volumes about your skills but also solidifies your status of being a versatile accountant. Certainly, earning a CMA distinguishes you from others in the field, adding increased credibility to your other qualifications. 

  • Global Recognition

Holding acclaim around the world, CMA certification is amongst the few accounting credentials that are recognized across international borders owing to its global relevance. Professionals with this universal accreditation are highly respected in the accounting and finance world. If this interests you, then you can enrol in a reputable CMA certification course to begin your journey. 

  • Better Understanding of a Business 

Whether it is a regional business or a multinational company, this certification will help you contribute to larger business objectives. By analysing external trends and figures, CMAs prepare data in a digestible way for executive boards and other important company personnel. Also, they have a deeper understanding of a company’s financial workings. 

  • Higher Earnings 

It is observed that CMA-certified professionals earn around 60% more than their non-certified counterparts across the world. With an average of Rs 6 lakh offered per annum in India, a Certified Management Accountant earns somewhere between Rs 1.4 lakh and Rs 20 lakh annually.

  • International Appeal 

Pursuing a college degree can land you a good job in the finance or accounting sector, but if you want to bag opportunities in another country, then having CMA certification, which is recognised worldwide, is necessary. This is because CMAs are known to have the same level of expertise, irrespective of the country they are working in. And, this makes CMAs preferable for employers. 

  • Industry Opportunities 

As financial and accounting functions are available everywhere, CMAs can add value to any industry. From alternative energy, technology and artificial intelligence domains to healthcare and transport sectors, CMAs enjoy endless career development opportunities in varied fields globally.

  • Plethora of Positions 

CMA-certified professionals can successfully work as financial analysts, operations managers and vice presidents. Also, they can offer services in different business functions such as management finance, sustainability, and technology. Besides bringing opportunities to build a career, this flexibility also enhances professional satisfaction.

  • Great Future Scope

As business organizations or industries are extending to a brighter world, the job outlook for CMAs is growing. According to IMA, new CMAs grew 17% globally since 2019.

Conclusion

Earning a CMA certification provides a boost to professionals at all stages of their careers. CMA-certified professionals not only have unique and substantial skills and knowledge, but also enjoy access to different career paths. If you want to be a CMA, then connect with Imarticus Learning to pursue a well-reputed CMA certification course in India. 

Unlocking the Power of a Certified Management Accountant: How CMA Certification Can Elevate Your Career

Posted on by Imarticus Learning

If you want to succeed in today’s dynamic business landscape, then enrol in the certified management accountant or CMA programme at the earliest. Notably, CMA certification offers professional benefits that are not available with a regular bachelor’s degree. Typically, the programme is pursued with a bachelor’s degree. Read ahead to know more about certified management accountants and how this certification can elevate your career.

Who is a CMA?

A certified management accountant not only explains ‘what’ behind the numbers, but also ‘why’. To be a CMA, one needs to register with the Institute of Management Accountants (IMA) and enrol in the CMA programme. 

Further, candidates need to pass two exams, namely Financial Planning, Performance, and Analytics (Part 1) and Strategic Financial Management (Part 2) in order to gain the certification. It is to be noted that candidates need not appear and clear Part 1 before Part 2 of the CMA exam. 

Available in hundreds of locations across the world, the CMA exam has three exam windows in a year. You can select an exam window depending on your preparation or knowledge gained.

While CMA certification offers many opportunities for career advancement, the average certified management accountant salary in India stands at Rs 11,00,000. 

CMA Certification

Who Should be a CMA?

If you are a financial or accounting professional who is looking forward to global recognition, career advancement or earning significantly higher, then pursuing CMA – an internationally recognised strategic thinking benchmark – can be a good idea. CMA candidates not only learn how to turn data into conversations, but also how to make important strategic business decisions using this data.

Advantages of Earning CMA Certification

Here are the benefits of pursuing CMA certification:

  • Business Opportunities: This certification equips candidates with the necessary skills needed to perform well and progress in any organisation, whether it is a regional business or a multinational company.
  • Career Advancement: Candidates with CMA certification are most likely to be preferred for a higher position. During the certification process, CMA candidates acquire the desirable experience and knowledge to reach an executive level, serving as financial analysts and chief financial officers.
  • Gain Credibility: With a deeper understanding of numbers and finances, CMAs enjoy better status and more credibility in organisations. They can explain the business better, answer corporate financial questions well, share advice on the overall situation and shoulder greater responsibility. Undisputedly, CMAs play a vital role in company operations.
  • Higher Earnings: CMA-certified professionals earn over 60% higher than their non-certified counterparts across the world, as per the data collected by the annual census.
  • International Appeal: While a college degree is essential for a good job in the finance or accounting sector, having CMA certification, which is recognised worldwide, can help you easily bag opportunities in another country. Notably, CMAs in any country are known to have the same level of expertise. That is why employers don’t hesitate to bring them on board irrespective of the country. 
  • Industry Opportunities: CMAs can add value to any industry because financial and accounting functions are available everywhere. From engaging in the alternative energy, healthcare, and transport sectors to the technology and artificial intelligence domains, career development opportunities are endless for CMAs.
  • Plethora of Positions: Pursuing the CMA programme offers a boost to professionals at all stages of their careers. Besides imparting necessary skills and knowledge, CMA certification gives candidates access to different career paths. CMAs can successfully play the role of financial analysts, accountants, operations managers and vice presidents. Additionally, they can work in different business areas like management accounting, finance, operations, sustainability, and technology. This flexibility not only brings opportunities to build a career but also enhances professional satisfaction. 

Conclusion

When it comes to CMA career in India, businesses value their in-depth knowledge and strategic insight. And, this makes them indispensable assets for an organisation. If you want to acquire the CMA certification, then connect with Imarticus Learning.  

Things You Need to Know About CMA Certification 

Posted on by Imarticus Learning

A Certified Management Accountant or CMA is an accounting professional who performs financial decision-making. A CMA certification equips you with expert knowledge and skills to manage corporate finances. Apart from that, you can also prove your high-level skills in performing accounting tasks such as organizing, analyzing and summarizing financial data.

You can work as a CMA by helping corporations or governments in financial decision-making. Your responsibility is to do financial analysis and strategic financial planning for them. For instance, if a company is planning its expansion, it will hire you because of the financial skills that CMA certification instils in you.

CMAs are the best choice for managing finances when factors like taking on new liabilities and adding the number of employees are involved. These professionals are skilled at assessing the costs and benefits of new ventures. As an individual with CMA certification, you can also advise organizations on investment and risk management.

The average salary of an entry-level CMA in India is around 5-7 lakhs rupees per year. With the broad skill set that CMA certification offers, you can work as:

• Corporate accountant

• Private accountant

• Cost accountant

• Managerial accountant

• Industrial accountant

This article will discuss CMA certification, the benefits of CMA USA certification and the requirements for certification.

What is CMA certification?

The CMA certification refers to professional credentials provided by the Institute of Management Accountants (IMA). The certification exam verifies your knowledge in areas such as corporate finance, accounting, business management etc. It equips you with strategic financial planning capabilities.

Whether you are looking for a new career path or a promotion, career advancement opportunities in the accounting management field are assured with CMA certification. Remember, CMA is the best choice if you are interested in pursuing strategic accounting management roles.

Let’s look at the benefits of CMA USA certification now.

Benefits of CMA USA Certification

High Salary

One of the crucial benefits of CMA USA certification is that it allows you to work in both Indian and international companies. This way, you can increase your earning potential. With a US CMA Course, you can ask for a better salary than your colleagues with a degree.

If your interest lies in the business side of finance and accounting, this is the best course for you. You can land high-paying jobs from the start. Your salary will range from Rs.5 lakhs to Rs.7.5 lakhs per year.

Opportunity to Work Abroad

Amongst the biggest benefits of CMA US certification is the ability to be employed in foreign countries. Apart from India, you can work in countries like the US, New Zealand, Canada, Australia, and different parts of Europe. If you plan on moving abroad and eventually expanding your career there, you will need a qualification that is accepted in your desired country. This is the exact reason behind the increase in the number of CMA USA certification applicants.

A Short Duration Course

The US CMA certification course comprises two parts, each of which has six modules. Each of these exams comes in the months of January-February, May-June and September-October. Overall, you will be able to complete the CMA USA certification course in 6-9 months’ time. Thus, you can work as a management accountant within a year. This definitely looks like a great benefit of CMA USA certification.

Now that the ‘benefits of CMA USA certification’ is dealt with, let’s see how you can become a CMA.

How to Become a Certified Management Accountant?

Education

You should at least possess a Bachelor’s Degree to become a CMA. Generally, the degree should be in accounting, finance or any commerce-related field. However, this is not always mandatory.

Some schools offer programs that specifically cater to the CMA career path. They also provide special courses to prepare for CMA exams.

To qualify for the CMA exam, you should have two or more years of working experience as an accountant. So, having a degree in accounting and finance will help you in earning the work experience you need.

Certification

IMA is the governing body for CMA certification and the following are the basic requirements for this certification:

  1. Earning a Bachelor’s Degree

  2. Passing the CMA exam

  3. Minimum two years of work experience

  4. Earning annual Continuing Professional Education (CPE) credits to maintain certification

As discussed earlier, the CMA exam comprises 12 modules in total. The exam will be conducted in two parts. The first part deals with topics such as financial planning, performance, and analytics. The second part covers areas such as strategic financial management and ethics.

Why choose Imarticus Learning?

Imarticus Learning has decades of experience in grooming individuals to take on the CMA exams. We assure you that all of our students will pass the certification exam and, thus, offer complete pass protection.

By joining us, you can be sure of placements as well. After becoming a CMA, you can work in Fortune 500 companies. Our students work at top companies like Societe Generale, State Street, IBM, J.P. Morgan, etc.

Learning with us will be easy, simple and engaging. You don’t have to worry about the study material being difficult to comprehend. Imarticus Learning has partnered up with Gleim to provide study content. It is the world’s No.1 CMA review course for over 40 years.

You can trust our mentors with providing expert knowledge in relevant topics. They also teach you the best ways to use practical tools.

Visit Imarticus Learning and join the CMA course now!

A Step-by-Step Guide to Using Data Analytics in Management Accounting

Posted on by Imarticus Learning

Data analytics and management accounting go hand in hand with one another. Accounting not only helps in storing the financial accounting details of a company, but it also serves as a great source of data that can be used for deriving meaningful insights. 

With accounting software, it has become possible to go through and analyse accounting data and interpret valuable information. This information is used for making informed business decisions. With accounting data analytics businesses have become more competitive, efficient and profitable. 

What do you mean by data analytics in accounting?

There is no specific definition of data analytics. Data analytics is inclusive of sourcing relevant data and performing the analysis of the data. The insights gained from the research are used for informed decision-making by a business. 

certified management accountant course

Cost management professionals and management accountants use data analytics to discern various patterns in customer spending, predict regulatory reactions, identify market behaviour and anticipate market trends. 

Many accountants have a specialisation in data analytics. They develop skills in managing, analysing and mining various streams of data. This helps them in gathering the minutest of details which are used for identifying patterns, answering questions and making fact-based predictions. 

What are the different types of data analysis for management accounting professionals?

With the help of analytics, a proficient accountant can make a business use a continuous data-monitoring model instead of static representative samples for decision-making. This not only helps in providing a holistic view and also empowers the business management to take timely and more accurate decisions. 

Let us take a look at the different types of data analysis used in accounting:

Descriptive Analytics

In this kind of analytics, the accountant has to answer the basic question ‘what is happening’. For this, the accountant has to consider all important and available data points and create perfect and accurate reports. The reports must reflect the business reality. Descriptive analytics is mainly used by accountants for creating financial reports and statements. 

Diagnostic Analytics

The question that the accountant answers in this analytics is ‘Why’. Accountants depend on historical data and current information for providing insights and reasons for the known results. This analytics is mainly used for creating dashboards of completed business periods. 

Predictive Analytics

In predictive analytics, accountants try to understand ‘what’s next’. Accountants are often endowed with the responsibility of creating business forecasts. With access to Big Data and analytics, accountants can now predict the various patterns which drive the forecasts. 

Prescriptive Analytics

Accountants cannot just predict where businesses will go in the future but can take the businesses there in real time. With the use of data analytics, accountants can generate fact-driven reports, which can be transformed into actionable steps. This analytics is used while building data-supported business plans. 

Accountants can choose to specialise in one kind of analytics, but in the long run, they will need to learn all the types for working across various categories. 

How do accountants use data analytics for helping a company?

There are many ways in which an accountant uses data analytics for helping a business organisation. Some of them are as follows:

  • Understanding consumer behaviours

Reviewing and tracking internal behaviours and consumer patterns and employee productivity waves help accountants in driving growth plans and business decisions. 

  • Evaluating performances

You can evaluate the performance of every business area by using predetermined metrics. An accountant looks at quarterly goal performance, revenue data and production numbers and evaluates performances accordingly. 

  • Structuring business improvements

Data analytics can find out areas in the business which are not performing up to the mark or as per expectations. For creating an effective strategy, the accountant will review historical sales performance numbers, sales forecasts and operating costs. 

  • Mitigating risks

With the help of data analytics, an accountant can manage and uncover various areas of potential or current risk in real-time. Some of the areas where the accountant focuses include investment opportunities, funding needs and process flows. 

  • Building business plans

For making suitable plans for the future, a company needs to understand past and present business patterns in detail. An accountant takes a look at various factors like employee retention patterns, historical sales numbers, equipment life cycles and organisational spending. 

  • Maximising profits

Data analytics provide clear insights from datasets and businesses can use these insights for making crucial decisions, which build up their bottom line. Accountants look at various data points including current market trends, past purchasing behaviours and patterns, customer orders and inventory management. All these help in maximising profit margins for the business. 

  • Finding new opportunities

For developing a competitive advantage and finding opportunities to grow, businesses have to take a look at current trends and analyse past performance at the same time. Some of the important factors that are to be taken into consideration include current customer breakdowns, operational capabilities and market patterns. 

Various tools in use for data analytics in accounting

To become a successful accountant with data analytics, you must have critical thinking abilities and technical skills. You must be well-adept in various industry-specific data analytics tools to help businesses make informed decisions. 

Some of the accounting tools, which you must know include Power BI, Microsoft Excel, IDEA, Tableau and AI and analytics. Having a sound knowledge of programming languages like ‘R’ and ‘Python’ proves to be effective for an accountant. Apart from these, presentation and communication skills are also needed for a perfect career. 

Wrapping it up

With the continuous generation of new data points, data analytics in accounting has become an important field to explore. Accountants can expand their skills in this evolving field. If you are into cost management or management accounting, using data analytics can give your career a great boost. 

Imarticus Learning offers a CMA Certified Management Accountant course to interested candidates. With the CMA USA certification, you can become a leader in the world of finance and accounting. 

You can take up the CMA course after graduation or even while pursuing a job. With the USA CMA course, you can master the required skills as a CMA. With expert mentoring, you are sure to get guaranteed interviews in top companies in the world. 

Visit Imartius Learning now and enrol on the CMA course right away!