Define: Certified Management Accountant

A CMA is a professional certification in the field of management accounting. It is awarded by the Institute of Management Accountants (IMA) to individuals who have passed the CMA exam and met other requirements.

To become a CMA, you must have a bachelor’s degree from an accredited institution, pass the CMA exam, and have two years of professional experience in management accounting or financial management.

The CMA exam is a two-part exam that tests candidates on their knowledge of financial planning, analysis, control, and decision support. It is administered by the IMA and is offered at testing centers around the world.

The CMA exam is offered three times a year: in January/February, May/June, and September/October.

The time it takes to become a CMA depends on your individual circumstances. It typically takes most candidates between 6 months to a year to prepare for and pass the CMA exam.

Becoming a CMA can lead to increased job opportunities, higher salaries, and greater professional recognition in the field of management accounting.

The CMA certification is valid for three years. To maintain your certification, you must complete 30 hours of continuing education each year and pay an annual fee.

While both the CMA and CPA certifications are related to accounting, they focus on different areas. The CMA certification is focused on management accounting, while the CPA certification is focused on public accounting.

Yes, the CMA certification is recognized globally and can be obtained by individuals living outside the United States. However, the requirements for becoming a CMA may vary depending on your location.