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Why 2 exams for CMA Vs. 20 exams on Indian CMA?

US professional qualifications “COMPLEMENT” UNIVERSITY EDUCATION – e.g., to be a CPA, CMA or CFA, you are required to have a university degree.

Hence, these qualifications are crisper, more objective and focus only on skill-gaps that are needed to be a F&A professional.

CPA license, CPA India, CPA Examination, CPA Training, CPA course, CPA

Indian (or even UK) professional qualifications tend to “SUBSITUTE” UNIVERSITY EDUCATION – e.g., to be a CPA, CMA or CFA, you are required to have a university degree.

Hence, these qualifications are lengthy and also encompass what a candidate would have covered (or simultaneously covers) in a university degree

Understand the CMA Designation

The Certified Management Accountant (CMA) designation is a highly respected credential awarded by the Institute of Management Accountants (IMA) which is a US-based worldwide association for accountants and financial professionals working in business.

The CMA designation provides an objective measure of an individual’s knowledge and competence in the field of management accounting and financial management.

CMA in the Indian context

CMA is the US equivalent of the Indian Cost Accountant qualification from The Institute of Cost Accountants of India (formerly ICWAI).

CMAs have knowledge of:

  • Financial Planning and Analysis
  • Financial Management
  • Internal Controls
  • Risk Management
  • Cost Management
  • Performance Management
  • Decision Analysis
  • Professional Ethics

The credentials and knowledge base of a CMA is a big advantage when working with MNCs, financial services or consulting firms.

Road to CMA

Road To CMA With MilesCMAreview

Decide to be a CMA

Miles CMA Review offers personal counseling to enable you to understand and appreciate the role of the CMA course in the advancement of your career. With first-hand experience of its instructors and tons of research on this topic, Miles CMA Review is best equipped to advice and support you through the entire process of becoming a CMA

Click here for Why CMA
Click here for CMA @Miles

Prepare @Miles CMA Review

The CMA exams comprise 2 parts:

  • Part-1: Financial Planning, Performance and Control,
  • Part-2: Financial Decision Making

Miles CMA Review has partnered with IMA and Wiley to use the official CMA Learning System coupled with classroom trainings across India.

Clear the CMA Exams

The CMA exams can be taken in Prometric centres across major cities in India. The CMA exams may be taken in any of the three testing windows each year -

  • (i) January & February
  • (ii) May & June
  • (iii) September & October

Miles CMA Review will guide and support you through the entire process including exam application and scheduling.

Scores for the exams are released within 6 weeks after the end of the month in which the exams were taken.

Become a CMA

To obtain the CMA certificate, CMA candidates need to fulfill the following criteria:

  1. Examination - Clear Part 1 & Part 2 of the CMA exams.
  2. Education - Bachelor’s degree.
    Note: The education requirement may completed prior to or within 7 years of passing the examination. This implies that students who are pursuing their bachelor’s are eligible to take the CMA exams.
  3. Experience - Two years of professional experience in accounting or finance.
    Note: The experience requirement may completed prior to or within 7 years of passing the examination.

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