CMA (USA)
Course Summary
The CMA course offered by Lakshya provides an opportunity for its students to acquire practical and theoretical inputs in accounting and finance. Our course is curated to include well-researched study materials and comprehensive practice sessions which ensure that students are well prepared for the examinations. The CMA (Certified Management Accountant) certification signifies that the individual owns knowledge in the areas of financial planning, decision support, analysis control, and ethics.
The CMA (USA) certification offered by the Institute of Management Accountants is globally recognized and opens up a wide range of career opportunities in organizations in various sectors and domains. They are also recipients of better financial compensations compared to their non-certified counterparts, it also provides flexibility to move across business areas. It is also well sought after due to its short completion period (12-18 months) which means that one can be a full-fledged management/cost accountant expeditiously in the most cost-efficient manner(50,000 tuition fee). It is a course that offers a wide array of advantages.
The CMA qualification 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
The CMA is a two-part exam that must be passed as a prerequisite to obtaining the designation.
The course is subdivided into two, covering 11 competencies
Part I - Financial Reporting, Planning, Performance and Control
- External Financial Reporting.
- Planning, Budgeting and Forecasting.
- Performance Management.
- Cost Management.
- Internal Control and Ethics.
Part II - Financial Decision Making
- Financial Statement Analysis.
- Corporate Finance.
- Decision Analysis.
- Risk Management.
- Investment Decisions.
- Professional Ethics.
Eligibility
Along with passing the exams candidates are also required to fulfil education and experience requirements.
- Completed class 12/Plus two
- Bachelor’s degree or professional certification
Upcoming Batches
COURSE FEE - ONLY ₹104000
(Incl. of Tuition fee, IMA official prep materials Wileys, IMA Registration +Examination )
Offer valid Till April 30th
Key Features
- Progressive and Industry specific curriculum
- Contemporary pedagogy and rigorous assessment methodology
- Accomplished faculty and embellished by renowned industry practitioners
- Well equipped modern teaching aids
- Accommodation and travel facilities
CMA Exam Structure
As mentioned earlier the CMA exam is subdivided into two parts
Each part of the CMA exam consists of two sections
- 100 MCQ 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. Which 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 (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.