CMA stands for “Certified Management Accountant.” CMAs are used in industry as opposed to public accounting. Unlike CPAs, CMAs are not regulated by the state. Therefore, there is no state taxes to pay or keep an active license. CMAs are not without expertise. IMA or the Institute Managerial Accounting.
According to the annual IMA 19th Salary Survey, accountants who are certified earn 25% more than those who are not. It is concluded that certification is useful in any accountant career in management accounting and financial management. This type of work includes financial analysis, financial preparation, management information system analysis, financial management, account management, auditing in government, finance or industry, management consulting, auditing in public accounting, research, teaching or consulting related to accounting or financial management.
Functions that require occasional application of management accounting principles (computer operations, sales and marketing, manufacturing, engineering, personnel, general management) do not satisfy this requirement. Similarly, internships and trainers, clerical or non-technical positions do not provide adequate experience to fulfill this requirement.”
Become a CMA Step #3: Register for and Take the CMA Exam
Like other accounting certification, becoming a CMA requires you to sit for an exam. Nito has four parts. If you have another type of certification such as a CPA license, you only need to take three of the four parts of the exam. But you have to pass the first part of the CMA exam.
Registering for the CMA exam is easy. They simply go to their website and fill out their form. Registration fees are included, and student members will enjoy significantly more paid exams.
If you haven’t completed school yet or haven’t claimed the experience requirements, don’t stop yourself from registering for the CMA exam. You can sit for the CMA graduate exam. You cannot become a CMA until your training is verified, make sure to send your IMA transcript upon graduation.
After you register and pay the exam fee, you will receive a letter in your email. The letter you receive in your email will include a code to set up your CMA exam. This post will instruct you on how to set up the CMA exam.
As you can see, it is easy to become CMA 1,2,3! Although studying for the CMA exam can be intense, your certification really pays off. You will have an honest certification on your microwave display. You’ll set yourself apart from the crowd – which is very important to do in today’s economic climate.
Resources:
www.imanet.org
