When it comes to choosing the best accounting certification, the most common debate is the merits of CMA India versus US CMA course . Both US CMA and CMA India are prestigious accounting designation that gives an edge to the career of an account professional. Let us have a close look at both the course for a transparent understanding :
US CMA Course
The Certified Management Accountants (US CMA) is a globally recognized certification combining management and financial accounting. The US CMA course is one of the most in-demand accounting certifications, and that demand is expected to increase over the next decade.
The US CMA course certification is offered by the Institute of Management Accountants ( IMA US ) an association of accountants and financial professionals in business.
US CMA course overview :
US CMAs are important assets in all types of organizations. The analyze the operating results, review performance, audit operations and resolve issues that enhance the strategic objectives of an organization. US CMAs are value creators and not just merely an accountant who adhere to compliance to the profession.
The US CMA course exam covers two papers :
| Part 1 – Financial Planning, Performance, and Analytics | Part 2 – Strategic Financial Management |
| External Financial Reporting Decisions | Financial Statement Analysis |
| Planning, Budgeting, and Forecasting | Corporate Finance |
| Performance Management | Decision Analysis |
| Cost Management | Risk Management |
| Internal Controls | Investment Decisions |
| Technology and Analytics | Professional Ethics |
You require12-18 months to complete both parts, on average.
Who can take the US CMA exam ?
– Bachelor’s degree or professional accounting certification required
– 2 years of work experience required
– Up to 3 years allowed to complete both parts
US CMA exam structure
The US CMA course exam is conducted online at the Prometric centres worldwide. There are two parts in the exam and you need not write them in the specific order. One can register first for the CMA US Paper 2 exam if he or she prefers.
The exam windows are : January – February / May-June and September -October. Each paper of the CMA exam has 100 MCQs and 2 essay questions . You have to answer at least 50% of your MCQs to open up the essay question portion of the exam.
The global pass rate for US CMA course is 50% . Approximately 4000 CMAs are granted every year on an average.
US CMA course is globally recognised certification mainly in countries like Asia, Middle East US and China . It is a worthwhile credential whether you’re looking to begin your career or give it that next-level boost, and you’re going to need to know everything about the certification process.
For additional reading on US CMA course fees. Please click here.
CMA India
The Institute of Cost Accountants of India, previously known as The Institute of Cost & Works Accountants of India (ICWAI), is a statutory professional accountancy body in India with the objects of promoting, regulating and developing the profession of Cost & Management Accountancy. ICMAI abbreviation is used on formal documents.
CMAs Overview
It is a primary qualification of ICMAI which includes the completion of three levels – Foundation, Intermediate and Final followed by three years of practical training . Students who have passed degree examination of any recognised university or equivalent are eligible for admission directly to Intermediate level.
The CMA India covers 20 papers :
CMA Foundation
- Paper 1: Fundamentals of Economics and Management
- Paper 2: Fundamentals of Accounting
- Paper 3: Fundamentals of Laws and Ethics
- Paper 4: Fundamentals of Business Mathematics & Statistic
CMA Intermediate
- Paper 5: Financial Accounting
- Paper 6: Laws, Ethics and Governance
- Paper 7: Direct Taxation
- Paper 8: Cost accounting and financial management
- Paper 9: Operation Management Information System
- Paper 10: Cost and Management Accounting
- Paper 11: Indirect Taxation
- Paper 12: Company Accounts & Audit
CMA Final
- Paper 13: Corporate Laws and Compliance
- Paper 14: Advanced Financial Management
- Paper 15: Business Strategy & Strategic Cost Management
- Paper 16: Tax Management and Practice
- Paper 17: Strategic Performance Management
- Paper 18: Corporate Financial Reporting
- Paper 19: Cost and Management Audit
- Paper 20: Financial Analysis & Business Valuation
Exam Structure
ICMA exams are held twice a year in June and December in various examination centres in India and overseas centres. And Results are declared in the month of August and February for June term and December term exams respectively.
A student has to pass three levels of examination and complete three years of practical training to be eligible to apply for associate membership of the institute.
CMA India being an Indian accounting certification is more suitable for students in India working for the Indian companies focusing on Indian corporate laws.
It also takes longer time to clear all the 20 papers for an average students. CMA US, as it is an internationally acclaimed qualification, isn’t easy because if it was easy you wont be valued being a CMA US.
Choose the best US CMA institute in India, Africa, and Middle East – Uplift Pro
Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA courses in India, Africa, and Middle East. Uplift Pro is also an Indian partner of GLEIM, US and an IMA US authorized CMA US study center.
Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong back to young ambitious students and professionals to reach their desired career destinations in an organized way.
Some of our exclusive features include.
A. Authorized partner of IMA US CMA course in India
B. Live online classes ensuring that the regular office working hours is least impacted
C. 1:1 personal support from our 30 plus years of experienced CMA certified faculties. We have a pass rate of 80% in US CMA course exams
D. Affordable US CMA course fees with special discount in your IMA fees.
E. “Till you pass” guarantee assuring that you may attend our live online classes at no extra cost until you pass
F. Comprehensive coverage of US CMA course details including authorized GLEIM CMA study materials , class mock session, IMA registration and job assistance.
Request for Live Demo class / contact at +91-8787088850 to book your seats now. New US CMA batch to start soon.
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