Do you know what is the CMA Full Form? The full form of CMA is Certified Management Accounting. The CMA (Certified Management Accounting) course is offered by the Institute of Management Accountants (IMA) in the USA. It is designed to help individuals specialize in management and executive-level duties. This certificate course provides successful candidates with the CMA title, which opens the door to a rewarding career in company accounting. The CMA course is structured around four pillars of knowledge: management, regulatory framework, strategy, and financial reporting. After passing the CMA exam at one of the three levels, candidates are designated as CMAs.
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What is the CMA Full Form?
CMA Full Form: Certified Management Accounting
CMA Course Levels
The CMA course consists of three levels:
- Level 1: Fundamentals
- Level 2: Intermediate
- Level 3: Completion
Objectives of the CMA Course
The course’s objectives are to develop a candidate’s proficiency in:
- Navigating through Excel efficiently and effectively
- Representing and formatting data
- Plotting various charts
- Performing sensitivity analysis
- Using various analytical tools in Excel
- Using formulas and functions
- Organizing and analyzing large volumes of data
- Creating MIS reports
- Case studies
CMA Course Eligibility Criteria
The eligibility criteria to apply for the CMA exam at all three levels are as follows:
CMA Foundation Eligibility Criteria:
- Passed Class 10 or equivalent followed by Class 12 or equivalent
- Received National Diploma in Commerce Examination (AICTE or by any recognized board)
CMA Intermediate Eligibility Criteria:
- Passed SSC or equivalent
- Foundation or entry-level Common Admission Test (CAT) by the Institute of Cost Accountants of India (ICAI)
- Graduation in any stream (except Fine Arts)
- Students who are awaiting results can also apply.
CMA Final Eligibility Criteria:
- Students who are done with their Intermediate level at school
- Graduation in any stream (except Fine Arts)
- Passed all eight papers of the Intermediate course
CMA Online Admission and Registration Process
To apply for the CMA course online, follow the below steps:
- Register on the IMA website first.
- Apply for the CMA entrance exam, fill out the application form, upload the necessary documents, and complete the process by paying the application fee.
- After receiving the registration confirmation, you will receive the authorization numbers, testing windows, and information bulletin.
Documents required for CMA registration
CMA Course: Foundation
- Attested copy of Matriculation Certificate
- Attested copy of 10+2 Certificate or Marks Statement
- 3 passport size photographs
CMA Course: Intermediate
- Attested copy of Matriculation Certificate
- Attested copy of 10+2 Certificate or Marks Statement
- Attested copy of the degree
- 3 passport size photographs
CMA Course: When to Apply?
Foundation: Admission to the foundation course is open throughout the year. However, students who want to appear for the June term examination should apply before 31st January of that year and for the December term examination should apply before 31st July of that year.
Intermediate: Registration is open throughout the year. However, students who want to appear for the June term examination should apply before 31st January of that year, and for the December term examination, should apply before 31st July of that year.
CMA Exam Fees and Course Fees
The following table provides an overview of the CMA course fees:
CMA Exam Fees
- CMA Foundation course: INR 6,000
- CMA Intermediate course: INR 23,100
- CMA Final course: INR 25,000
CMA Course Fees
Here’s a breakdown of the CMA course fees in India:
CMA Final Level Students with Graduation:
If you’re a CMA final-level student with graduation, you can expect to pay Rs.4,500/- + 18% GST.
Qualified CMAs:
You can expect to pay Rs.5,400/- + 18% GST if you’re a qualified CMA.
Other Professionals / Post-Graduates:
If you’re another professional or a postgraduate, you can expect to pay Rs.6,000/- + 18% GST.
Note that “other professionals” include “corporate professionals.” Substant discounts are available for bulk corporate enrollment if you’re interested in enrolling your organization’s employees in the CMA course.
How to Become a CMA(Certified Management Accountant)
To become a CMA, you need to fulfill the following requirements:
- Membership of IMA
- A Bachelor’s degree from an accredited university
- Pass both parts of the CMA exams
- Two years of relevant experience
CMA Exam Pattern
The CMA exam pattern varies depending on the course you’re taking.
For the CMA Intermediate and Final Courses in 2022:
- The exam will be conducted in a computer-based test format from a designated center.
- The exam will be in descriptive mode only.
- Each paper will be marked out of 100 marks.
- The duration of each paper will be three hours.
For the CMA Foundation Course in 2022:
- The exam will be conducted remotely and proctored, allowing candidates to take the test from home.
- The exam will be in an objective type format.
- Each paper will be marked out of 100 marks.
- The duration of each paper will be two hours.
CMA Course Duration and Delivery
The CMA course takes 50 hours to complete and is spread across three months. It includes:
- The program provides 25 hours of Institute support for the “Microsoft Advanced Excel Programme.”
- The “Microsoft Advanced Excel Programme” is designed to prepare candidates for the “Microsoft Office Specialist Certification.”
- The institute’s support comprises recorded and live online sessions conducted over the weekends by experienced faculty, covering advanced concepts, practical application of concepts, and query resolution.
- Upon completing 25 hours of the “Microsoft Advanced Excel Programme,” candidates are eligible for the “Microsoft Imagine Academy Certification.”
- Upon completing the 50-hour course, candidates can take the online “Microsoft Office Specialist Certification” examination.
- Successfully passing the examination will obtain the “Microsoft Office Specialist Excel 2019 Certification.”
CMA Subjects and Syllabus
The CMA syllabus varies depending on the course you’re taking.
For the CMA Foundation Course, the syllabus includes:
- Business Mathematics and Statistics: Fundamentals
- Fundamentals of Accounting
- Fundamentals of Economics
- Fundamentals of Law and Ethics
For the CMA Intermediate Course, the syllabus includes:
- CAA: Company Accounts & Audit
- Cost & Management Accounting/Financial Management
- Cost Accounting
- Direct Taxation
- Financial Accounting
- Indirect Taxation
- Law & Ethics
- OMSM: Operations and Strategic Management
For the CMA Final Course, the syllabus includes:
- Corporate Financial Reporting
- Corporate Law & Compliance
- Cost & Management Audit
- Direct Tax Laws; International Taxation
- Indirect Tax Laws, Practice
- SCMD: Strategic Cost Management: Decision Making
- SFM: Strategic Financial Management
- SFP: Strategic Performance Management & Business Valuation
FAQs – What Is The CMA Full Form?
What is the CMA Full Form?
The CMA Full Form stands for Certified Management Accountant.
How long is the CMA course in India?
The CMA course in India is typically three years long.
What does a CMA do?
A CMA is responsible for managing a company’s financial statements, analyzing financial data, and making strategic decisions to improve a company’s productivity.
Can I pursue CMA after the 12th?
Yes, you can pursue CMA after the 12th, although certain eligibility criteria need to be met.
How much does a CMA earn in India?
The average salary for a CMA in India is around 7 lakhs per year.
What does CMA stand for?
Certified Management Accountant
What does a CMA do?
CMAs are accounting professionals who specialize in management accounting, providing financial analysis, cost management, and strategic insights to businesses.
What are the benefits of earning a CMA certification?
Increased job opportunities, earning potential, enhanced credibility and expertise, and deeper understanding of business functions.
Who should consider becoming a CMA?
Accounting professionals, finance professionals, business analysts, and anyone interested in advancing their career in management accounting.
What are the requirements to become a CMA?
Earn a bachelor’s degree, have two years of relevant experience, and pass the CMA exam.
What is the format of the CMA exam?
It’s a computer-based exam with two parts, each focusing on different management accounting areas.
How much does the CMA exam cost?
The exam has registration and testing fees, varying depending on location.
How long does it take to become a CMA?
The timeframe varies depending on individuals’ study habits and time commitment. On average, it takes 6-12 months after meeting the experience requirement.
What are the job opportunities for CMAs?
CMAs can work in various industries across private, public, and non-profit organizations. They can hold positions like cost accountants, financial analysts, controllers, internal auditors, etc.
What is the average salary for a CMA?
CMAs generally earn higher salaries than non-certified accounting professionals. The average salary varies depending on experience, location, and industry.
Is the CMA certification worth it?
Earning the CMA certification can significantly enhance career prospects and earning potential, making it a valuable investment for many professionals.
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