The Value of the CMA
The CMA® credential is a symbol of professionalism, excellence, and integrity. Top employers such as 3M, Alcoa, AT&T, Bank of America, Boeing, Cargill, Caterpillar, ConAgra, Hewlett-Packard, Johnson & Johnson, Microsoft, Procter & Gamble, Saudi Aramco, Verizon, and Xerox employ and promote CMAs. CMAs have demonstrated a mastery of the critical accounting and financial management skills needed in today’s rapidly changing business environment.
The CMA exam is organized into two parts, which can be taken in any order. Each exam part is four hours in length and includes 100 multiple-choice questions and two 30-minute essay questions.
The CMA Curriculum: Highly Targeted Topics
CMA holders demonstrate exceptional commitment – their course of study can take up to 300 hours, the exams are rigorous and relevant, and successful CMAs maintain their credential through annual continuing education requirements.
Part One: Financial Reporting, Planning, Performance, and Control
- External Financial Reporting Decisions
- Planning, Budgeting, and Forecasting
- Performance Management
- Cost Management
- Internal Controls
Part Two: Financial Decision Making
- Financial Statement Analysis
- Corporate Finance
- Decision Analysis
- Risk Management
- Investment Decisions
- Professional Ethics
Continuing Education Requirements
The CMA demonstrates a commitment to keeping abreast of the evolving standards and best practices in management accounting. After passing Parts 1 and 2 of the CMA exam, fulfilling the education and experience requirement, and receiving certification, all CMAs must complete 30 hours of continuing education annually, including a minimum of two hours in the area of ethics.