CMA (USA)

Course Summary:

The CMA USA coaching programme offered by Lakshya provides an opportunity for students to be certified professionals. It helps them to acquire practical and theoretical knowledge in accounting and finance. As per recent researches, it is said that the most preferred industries by commerce or business graduates are auditing and accounting. This makes it crucial for a student to have a strong qualification added to him/her. The Certified Management Accountant (CMA) designation is a highly respected certification awarded by the Institute of Management Accountants (IMA). This is a US-based worldwide association for accountants and financial professionals working in the business.

To be the best among CMA USA coaching centres in Kerala our courses across all our coaching centres are well curated. CMA USA syllabus includes well-researched study materials and comprehensive practice sessions. This ensures that our students are well prepared for the examinations. The CMA (Certified Management Accountant) certification signifies that the candidate who pursues the course owns knowledge in various areas such as financial planning, decision support, analysis control, and ethics.

The CMA (USA) certification offered by the Institute of Management Accountants is globally recognized. Earning it opens up a wide range of career opportunities in organizations of various sectors and domains. CMA USA qualified candidates are also recipients of better financial compensations compared to their non-certified counterparts. It also provides flexibility to move across business areas. The CMA certification is highly sought after by Big 4 auditing firms. They use the CMA certification as a benchmark to select the best candidates for their recruitment process. It is important to have a strong acumen in finance-related subjects to ace the exams. A student with a weak foundation in the subjects might find it difficult to grasp the advanced concepts in management, accounting, and finance. But with Lakshya's coaching and continuous guidance is given by CMA certified accountants, it is going to be an easy walk. We also make sure to provide personalized assistance and support in study related issues, exam registration procedures, etc.

It is also a well sought-after course, due to its short completion period. Most of the students generally prefer to choose CMA USA certification. Its characteristics such as flexibility, affordable fees, and short course duration, etc act as reasons for the same. Also, CMA is said to have a curriculum that covers interesting topics which are useful for one’s daily practical business routine. CMA USA course duration ranges between 09-12 months. which means that one can be a full-fledged management/cost accountant within a short span of time. This is possible in the most cost-efficient manner. At Lakshya, the CMA USA course fee is just 50,000 +GST (tuition fee). It is a course that offers a wide array of advantages.

CMA USA course details
Course	CMA USA
Next Batch Start date	Admission Continues
Full form	Certified Management Accountant
Eligibility	12th Pass or Graduate
Duration	CMA USA course duration ranges between 09-12 months
Board/Course type	Institute of Management Accountants (IMA)
Salary offered	Starting salary offered for a fresher with quite good academic knowledge, the salary ranges 4.5-6.5 lakhs per annum
Employment opportunities	Staff Accountant, Budget Analyst, Finance Manager, Treasurer, Cost Accountant, Financial Analyst, Controller, Chief Financial Officer, Internal Auditor, Senior Accountant, etc
For Enquiry: Please fill the enquiry form. Our career specialist will contact you soon. or you can call 9061277777

CMA USA course fee

Your CMA exam fee has 3 components. The exam fee varies for students or an academic. The fee is different for a professional too. The fee mentioned by IMA for the category also includes the IMA membership fee, the CMA entrance fee, CMA Examination fee.

CMA USA Fees Structure

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The CMA USA has a two-part exam pattern. That must be passed as a prerequisite to obtaining the designation. This curriculum equips students to attain international credibility, strong knowledge in Finance and Accounting and opens a wide range of opportunities to gain career progression. The course is subdivided into two parts, covering 12 competencies-

Part I - Financial planning, Performance, and Analytics

External Financial Reporting. Planning, Budgeting, and Forecasting. Performance Management. Cost Management. Internal Control and Technology and analytics.
100 multiple choice questions and two 30 minute essay questions are included in this part of the exam. You will need to have scored at least 50% of the MCQs. This is because the exam is scored on a 0-500 scoring system. To have successfully passed the exam, you need at least a 360 score on the exam.

Part II - Strategic Financial Management

Financial Statement Analysis. Corporate Finance. Decision Analysis. Risk Management. Investment Decisions. Professional Ethics.
The same applies to Part 2 of the exam. You have 100 Multiple choice questions and two essay questions of 30 minutes. You are required to score 360 marks out of the 500 scoring system. That would be 50% answered correctly out of the MCQ questions.

Career opportunity

The CMA certification opens doors to professionals globally. Some of the roles they can pursue are

Staff Accountant
Budget Analyst
Finance Manager
Treasurer
Cost Accountant
Financial Analyst
Controller
Chief Financial Officer
Internal Auditor
Senior Accountant etc

Attaining a CMA USA certification speaks a lot about the education requirement and professional credibility. This is expected to be the fundamental quality to become a Management Accountant or a Financial accountant. The CMA certification helps your CV to stand out from the rest of the non-certified candidates and gives you that edge over others to grab the job. CMA USA qualified candidates can attain high-profile CMA USA jobs in Kerala and in big cities in India.

CMA USA entry requirements:

Must have completed class 12/Plus two

One can take up CMA USA certification before or after graduation. Although you are required to have a degree from an accredited college or university. This can be attained within the span of 7 years. Alternatively, there are other professional certificate courses that are equivalent to a degree certification that you can acquire.
Along with passing the exams candidates are also required to fulfill education and experience requirements. The work experience that the candidate has should be from the relevant professional setting. Work experience in management accounting is considered acceptable by the norms.

To acquire CMA USA certification, it is not important to have a background in commerce or accounting. The best way to adopt a career in commerce is to get a professional certification in the respective subjects. Therefore, students who have done their 12th grade in any stream can take up CMA USA Course. An advantage of pursuing a CMA USA course as a student is that you will only be required to pay lower exam fees with IMA and is also has the advantage of attaining CMA scholarships.

CMA USA salary package after acquiring certification:

Certified Management Accountant (CMA) certification is considered to be the best qualification that conveys a person’s abilities in management and accounting. And then comes the most important question, “How much will you earn after CMA?”. Well, that depends on various factors like company size, your position in the company, experience level, etc. 'As per the IMA’s 2019 Global Salary Survey, CMA degree holders globally earn 57% more in median salary. And 55% more in median total compensation than non-CMAs. For a fresher with quite good academic knowledge, the salary ranges 4.5-6.5 lakhs per annum.' The Managers and financial controllers are the highest-earning positions that you must look up to.

CMA's have a wide range of opportunities and high demand in India with the arrival of MNC's. Also, as mentioned above the salary for every individual is purely dependent. It is based on the skills sets and practical knowledge that they have along with the CMA USA certification.

Key features

Progressive and industry-specific curriculum that allows students to match with the updated syllabus and exam pattern.
Regular revision tests and MCQ practice sessions to prepare students for exams.
Contemporary pedagogy and rigorous assessment methods.
We provide accomplished faculty and are embellished by renowned industry practitioners to provide excellent coaching and individual attention.
Well-equipped modern teaching aids. Hostel and travel facilities.

CMA exam structure

As mentioned earlier the CMA exam covers a broad base of topics under Management, accounting, and finance. This is subdivided into two parts. IMA is the parent organization that invigilates the CMA exams. Students can attempt for the exams in 3 different windows during a year at pro metric centres across the globe. Those are Jan- Feb, May-Jun, Sep- Oct. Exam passing score is 360 out of 500 for each part. Exam pass rates of over 40%. It is said that students would need roughly 400 hours to prepare for the exams. The duration of the exam is about 4 hours and there are 100 questions and two essay questions in each part. The essay question includes 8-10 written responses or calculations for tackling business scenarios mentioned in the problem.

Each part of the CMA exam consists of two sections

100 Multiple choice questions (which form 75% of your final score). 10 out of these are evaluated by ICMA as possible future exam questions and don't determine whether you pass or fail. This means that only 90 out of the 100 are part of your exam score. Students require 50% in this, in order to attempt the essay questions. Two essay questions (which form 25% of your final score). Each question will contain 4-6 sub-questions.

How are the questions set?

The questions are randomly picked from a database to produce a different layout for each candidate. This format may produce a slightly easier or tougher paper for each candidate. In order to bring fairness to this format, a tougher paper will omit a few more questions in comparison to an easier paper. It will be just the difference of a question or two.

How is the exam graded?

Students are required to obtain 50% ( 45 correct answers out of 90 MCQs). There is no negative marking.
For the essay part, marks are allotted for each step that is done correctly. Partial marks may also be allotted to wrong answers if the steps are correctly written.

How are the scores tabulated?

A cumulative scaled score (MCQ + Essay scores) will be allotted between 0 and 500. Students are required to get a score of 360 in order to clear the paper.

Frequently Asked Questions for CMA USA

Why should you pursue CMA?

The auditing and accounting industry is, without a doubt, the ideal field for commerce and business graduates. This is why it is a great idea for students to get an extra edge on their education. CMA USA is a course that definitely provides students with an edge, in comparison to other students, they can then easily get a job in MNC’s.

What job opportunities are available for a CMA USA graduate?

After the completion of the course, a wide array of job opportunities will be available for students both in India as well as abroad. Attaining proper coaching will help students to sharpen their accounting and management skills, giving them an evident advantage over the others. The job roles available for students after they have completed the course are :

Financial Analyst
Financial controller
Finance Manager
Finance risk manager
Cost Accountant
Cost Manager
Chief Financial Officer
Relationship Manager

What is the eligibility for CMA USA?

In order to be eligible to attend the CMA USA exams, a student has to complete their +2 exams successfully

What is the eligibility criteria to attain the CMA certification?

Students have to meet the following criteria in order to get the CMA certification

Successfully cleared all parts of the exam
Have 2 years of relevant industry experience
A bachelors degree from a recognized university

When are the CMA exams conducted?

The exams are conducted thrice a year

January - February
May - June
September - October

What is the fee structure for the CMA USA coaching?

The fee for CMA USA coaching at Lakshya is only ₹45,000. This doesn’t include the Wiley preparation materials, IMA registration, and Exam fees.

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