What is CMA Course

We all have heard about the different types of courses available in finance and accounting. The CMA course full form is Certified Management Accountant, this certification is awarded by the Institute of Management Accountants (IMA), USA. The US CMA course is considered to be the highest level of certification in management accounting and holds a lot of weightage in a resume because it is globally recognized, it gives better opportunities for growth and a higher pay scale with an escalation in your professional career. A CMA certification gets you better entry-level jobs and promotions. CMA-certified candidates are also allowed to make and be a part of important business decisions. Since they are highly trained and have a better understanding of business, accounts, and finance, they work very smartly and do each task efficiently. This is one of the reasons why they have a very high demand in today’s business world.

US CMA Course Details

  • The CMA course is vast and has a lot of in-depth information to offer about accounting and finance. The US CMA course duration is 8-10 months. 
  • There are 2 papers, single-level exams. You can pursue the US CMA course in India and appear for the exams at the Prometric center. With the right guidance, both exams can be cleared within a year.

CMA Course Syllabus

  • The CMA course is going to make a huge impact on your career and help you further in the future with better and more incentives. 
  • The CMA course syllabus is vast and divided into two parts.

CMA Course Free Download Syllabus

Part 1 of the CMA course examination covers

  • External Financial Reporting Decisions
    • External Financial Reporting decision is about information that is typically used by creditors, lenders, and investors to see the performance of a business, as well as its ability to repay debts. 
    • It’s a business practice that involves providing financial information to potential investors and shareholders periodically. 
    • External financial reporting includes financial statements, financial summaries, and related disclosures that are issued to users outside of a reporting entity.
  • Planning, Budgeting, and Forecasting
    • Planning, budgeting, and forecasting is a three-step process that determines an organization’s short and long-term financial goals. 
    • It is a process used to determine how close or far an organization is from meeting or exceeding its budget.
  • Performance Management
    • It is a process through which an employee’s work is reviewed. It is helpful in increasing productivity among employees and making sure that they reach their full potential in a productive environment.
  • Cost Management
    • Cost Management is about managing the cost of a business or organization. 
    • It helps in determining how much the future expense of a business might be and how to control it so that it doesn’t exceed. 
  • Internal Controls
    • Internal Controls are the rules, dos, and don’ts that a company implements to prevent fraud and promote accountability. 
    • One of the main objectives of internal control is to provide reasonable assurance of the reliability of financial reporting (financial statement assertions).

CMA Course Free Download Syllabus

Part 2 of the CMA course examination covers

  • Financial Statement Analysis
    • Financial Statement Analysis includes the income statement, balance sheet, statement of cash flows, notes to accounts, and a statement of changes in equity. 
    • It is the process of analyzing the financial statements of a company to make better economic decisions and to generate revenue in the future.
  • Corporate Finance
    • Planning finances, capital raising, investments and risk management, and financial monitoring are some important aspects of Corporate Finance. 
    • Corporate Finance involves managing the required finances and their sources.
  • Decision Analysis
    • Decision Analysis consists of decision-making skills and involves identifying and assessing different aspects of decision-making to achieve the desired goals and outputs.
  • Risk Management
    • Risk Management is about identifying and evaluating risks. Managing risks involves minimizing, monitoring, and controlling the different risks that arise in an organization within the different departments. 
    • There are different types of risks that need to be considered like liquidity risk, financial risk, market risk, etc.
  • Investment Decisions
    • Investment Decision teaches how and where the funds of a company will be invested and in which assets so that maximum benefits can be redeemed by it.
  • Professional Ethics
    • Professional Ethics are a set of principles that govern the behavior of a person or a group in a business environment. 
    • It provides rules on how a person should act towards other people, what is expected of them, and how their behavior should be in a corporate setting.

CMA Course Advantages

CMA Course Eligibility

  • CMA course is one of the few courses that you can pursue after 12th, but to obtain the CMA certificate, the below requirements should be met:
    • The candidate must obtain a bachelor’s degree and 2 years of professional work experience in management accounting or financial accounting 
    • The candidate should have membership of the Institute of Management Accountants (IMA)
    • Both the CMA course exams should be cleared 

The CMA course has a lot of scope and is very beneficial for professionals who want to make a career in accounting and finance. Since EduPristineis an IMA Gold Partner and offers full CMA course training, it helps its students understand how the professional world works. EduPristine offers insights on real-life challenges which compels the learners to apply concepts in the class and prepare for career realities. To know more about the CMA course fee and CMA training that EduPristine provides, contact EduPristine.