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US CMA Course 2023: Dates, Registration (Open), Subjects, Appointment, Performance Report

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US CMA Course 2023: Dates, Registration (Open), Subjects, Appointment, Performance Report

Edited By Sansar Singh Chhikara | Updated on Sep 29, 2023 07:24 PM IST

US CMA Course 2023 - CMA stands for Certified Management Accountants. CMA is an accounting and finance certification and is given by the Association of Accountants and Financial Professionals in Business. To get the CMA 2023 certification candidates will have to first register as a member with IMA. There are two parts in CMA. Candidates will be required to appear for the CMA Part 1 and CMA Part 2 exams in any order. There are three testing windows for US CMA - January/February, May/June and September/October. Currenlty the May/June session is active. The last date to register for US CMA May/June session is June 15, 2023. Upon completion of both the exams, candidates will be required to meet the education and work requirements to get their CMA certification. Read the complete article to get detailed information about CMA certification 2023, important dates, registration for exams and more information.

US CMA Course 2023 Overview

Name of the certification

CMA

Full form of CMA

Certified Management Accountants

CMA exams

CMA Part 1, CMA Part 2

Testing Windows

January/February, May/June and September/October

US CMA Course Exam Dates 2023

Candidates planning to take up the US CMA certification must check the testing schedule and exam registration dates. The US CMA exam dates 2023 has been given below:

US CMA Schedule 2023

Event

September/October 2023

January/February 2024

CMA US registration last date 2023

October 15, 2023

February 15, 2024

US CMA exam windows 2023

September 1, 2023

February 1, 2024

Last US CMA exam date

October 31, 2023

February 29, 2-23

Announcement of results

To be notified

To be notified

US CMA Course Eligibility Criteria

Candidates planning to take up the US CMA certification must first carefully go through the US CMA eligibility criteria 2023. Only those candidates who fulfil the eligibility requirements set by ICMA will be allowed to take up the exams and apply for US CMA certification. The detailed US CMA eligibility criteria has been given below:

US CMA Course Eligibility Criteria 2023

Membership

Candidate must have an active membership in IMA

Educational Qualification

Candidate must have attained a bachelor degree from a recognized college

Professional Qualification

Candidates must have completed two continuous years of professional experience in management accounting and/or financial management within seven years of passing the examination.

The professional experience required for US CMA includes employment positions involving application of principles of management accounting and financial management. Some of the employments considered for US CMA include the following.

  • Preparation of financial statements

  • Financial planning and analysis

  • Budget preparation and reporting Managing general ledger and balance sheets

  • Forecasting

  • Company investment decision making

  • Corporate financial management

  • Cost accounting and analysis

  • Monthly, quarterly, and year-end close

  • Auditing (external or internal)

  • Forensic accounting

  • Risk evaluation

  • Management information systems analysis

  • Development and delivery of financial systems

  • Strategic planning and strategic management

  • Implementation and management of financial technologies

  • Tax accounting, analysis, and planning

  • Reporting to the SEC or other governmental regulators

  • Sustainability reporting

  • Teaching management accounting or financial management at the college/university level

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US CMA Exam Registration 2023

How to register for US CMA exam: Candidates interested in taking up the CMA certification will be required to complete the US CMA 2023 exam registration process. Interested applicants will be required to take the US CMA 2023 Part 1 exam and Part 2 in any order. Candidates can register for the US CMA exam through online mode or by calling the registered number given on the official website. Candidates looking for CMA USA registration through calling mode, candidates will be required to give their payment details like credit card numbers etc on call.

CMA USA Course Fees 2023

Candidates interested in taking up the US CMA exam must pay the required entrance fee in the specified deadline. The application fee payment will have to be done online to book your test at the global test centre of US CMA near you. The detailed US CMA fees structure 2023 has been given below:

US CMA Entrance Fee

Candidate Type

Fee Type

Fee

Professional Members

CMA Entrance Fee (Nonrefundable)

$280

Exam Fee

$460

Students/Academic Members

CMA Entrance Fee (Nonrefundable)

$188

Exam Fee

$345

US CMA Scholarships

Students are also eligible to get scholarships under US CMA scholarships. As of now around 20,000 scholarships have been given to students. Here is the eligibility criteria for US CMA scholarships:

  • High undergraduate achievers of colleges.
  • 10 well-performing students can be nominated from each school and college.
  • Students nominated by their professors.

US CMA Course Syllabus 2023

Candidates preparing to take the entrance examination must go through the US CMA Syllabus 2023. Going through the syllabus of US CMA will help candidates in knowing the important topics that will be covered in the examination. Candidates are advised to carefully go through the US CMA syllabus and plan their preparations accordingly. The detailed syllabus of US CMA exams for both parts has been given below.
US CMA Part 1 - Financial Planning, Performance, and Analytics Syllabus

A. External Financial Reporting Decisions (15% - Levels A, B, and C)


1. Financial statements

a. Balance sheet

b. Income statement

c. Statement of changes in equity

d. Statement of cash flows

e. Integrated reporting

2. Recognition, measurement, valuation, and disclosure

a. Asset valuation

b. Valuation of liabilities

c. Equity transactions

d. Revenue recognition

e. Income measurement

f. Major differences between U.S. GAAP and IFRS

B. Planning, Budgeting, and Forecasting (20% - Levels A, B, and C)

1. Strategic planning

a. Analysis of external and internal factors affecting strategy

b. Long-term mission and goals

c. Alignment of tactics with long-term strategic goals

d. Strategic planning models and analytical techniques

e. Characteristics of a successful strategic planning process

2. Budgeting concepts

a. Operations and performance goals

b. Characteristics of a successful budget process

c. Resource allocation

d. Other budgeting concepts

3. Forecasting techniques

a. Regression analysis

b. Learning curve analysis

c. Expected value

4. Budgeting methodologies

a. Annual business plans (master budgets)

b. Project budgeting

c. Activity-based budgeting

d. Zero-based budgeting

e. Continuous (rolling) budgets

f. Flexible budgeting

5. Annual profit plan and supporting schedules

a. Operational budgets

b. Financial budgets

c. Capital budgets

6. Top-level planning and analysis

a. Pro forma income

b. Financial statement projections

c. Cash flow projections

C. Performance Management (20% - Levels A, B, and C)

1. Cost and variance measures

a. Comparison of actual to planned results

b. Use of flexible budgets to analyze performance

c. Management by exception

d. Use of standard cost systems

e. Analysis of variation from standard cost expectations

2. Responsibility centers and reporting segments

a. Types of responsibility centers

b. Transfer pricing

c. Reporting of organizational segments

3. Performance measures

a. Product profitability analysis

b. Business unit profitability analysis

c. Customer profitability analysis

d. Return on investment

e. Residual income

f. Investment base issues

g. Key performance indicators (KPIs)

h. Balanced scorecard

D. Cost Management (15% - Levels A, B, and C)

1. Measurement concepts

a. Cost behavior and cost objects

b. Actual and normal costs

c. Standard costs

d. Absorption (full) costing

e. Variable (direct) costing

f. Joint and by-product costing

2. Costing systems

a. Job order costing

b. Process costing

c. Activity-based costing

d. Life-cycle costing

3. Overhead costs

a. Fixed and variable overhead expenses

b. Plant-wide vs. departmental overhead

c. Determination of allocation base

d. Allocation of service department costs

4. Supply chain management

a. Lean resource management techniques

b. Enterprise resource planning (ERP)

c. Theory of Constraints

d. Capacity management and analysis

5. Business process improvement

a. Value chain analysis

b. Value-added concepts

c. Process analysis, redesign, and standardization

d. Activity-based management

e. Continuous improvement concepts

f. Best practice analysis

g. Cost of quality analysis

h. Efficient accounting processes

E. Internal Controls (15% - Levels A, B, and C)

1. Governance, risk, and compliance

a. Internal control structure and management philosophy

b. Internal control policies for safeguarding and assurance

c. Internal control risk

d. Corporate governance

e. External audit requirements

2. System controls and security measures

a. General accounting system controls

b. Application and transaction controls

c. Network controls

d. Backup controls

e. Business continuity planning

F. Technology and Analytics (15% - Levels A, B, and C)

1. Information systems

a. Accounting information systems

b. Enterprise resource planning systems

c. Enterprise performance management systems

2. Data governance

a. Data policies and procedures

b. Life cycle of data

c. Controls against security breaches

3. Technology-enabled finance transformation

a. System development life cycle

b. Process automation

c. Innovative applications

4. Data analytics

a. Business intelligence

b. Data mining

c. Analytic tools

d. Data visualization


US CMA Part 2 Strategic Financial Management


A. Financial Statement Analysis (20% - Levels A, B, and C)

1. Basic financial statement analysis

a. Common size financial statements

b. Common base year financial statements

2. Financial ratios

a. Liquidity

b. Leverage

c. Activity

d. Profitability

e. Market

3. Profitability analysis

a. Income measurement analysis

b. Revenue analysis

c. Cost of sales analysis

d. Expense analysis

e. Variation analysis

4. Special issues

a. Impact of foreign operations

b. Effects of changing prices and inflation

c. Impact of changes in accounting treatment

d. Accounting and economic concepts of value and income

e. Earnings quality

B. Corporate Finance (20% - Levels A, B, and C)

1. Risk and return

a. Calculating return

b. Types of risk

c. Relationship between risk and return

2. Long-term financial management

a. Term structure of interest rates

b. Types of financial instruments

c. Cost of capital

d. Valuation of financial instruments

3. Raising capital

a. Financial markets and regulation

b. Market efficiency

c. Financial institutions

d. Initial and secondary public offerings

e. Dividend policy and share repurchases

f. Lease financing

4. Working capital management

a. Working capital terminology

b. Cash management

c. Marketable securities management

d. Accounts receivable management

e. Inventory management

f. Types of short-term credit

g. Short-term credit management

5. Corporate restructuring

a. Mergers and acquisitions

b. Other forms of restructuring

6. International finance

a. Fixed, flexible, and floating exchange rates

b. Managing transaction exposure

c. Financing international trade

C. Decision Analysis (25% - Levels A, B, and C)

1. Cost/volume/profit analysis

a. Breakeven analysis

b. Profit performance and alternative operating levels

c. Analysis of multiple products

2. Marginal analysis

a. Sunk costs, opportunity costs, and other related concepts

b. Marginal costs and marginal revenue

c. Special orders and pricing

d. Make vs. buy

e. Sell or process further

f. Add or drop a segment

g. Capacity considerations

3. Pricing

a. Pricing methodologies

b. Target costing

c. Elasticity of demand

d. Product life-cycle considerations

e. Market structure considerations

D. Risk Management (10% - Levels A, B, and C)

1. Enterprise risk

a. Types of risk

b. Risk identification and assessment

c. Risk mitigation strategies

d. Managing risk

E. Investment Decisions (10% - Levels A, B, and C)

1. Capital budgeting process

a. Stages of capital budgeting

b. Incremental cash flows

c. Income tax considerations

d. Evaluating uncertainty

2. Capital investment analysis methods

a. Net present value

b. Internal rate of return

c. Payback

d. Comparison of investment analysis methods

F. Professional Ethics (15% - Levels A, B, and C)

1. Business ethics

a. Moral philosophies and values

b. Ethical decision making

US CMA Course Exam Pattern 2023

It is advised that candidates carefully understand the US CMA exam pattern 2023 before starting their preparation. Going through the CMA exam pattern will give candidates a clear idea about how the exam will be conducted, duration of the exam, total number of marks etc. Knowing all this information will help candidates in preparing for the exam in a better manner. The detailed exam pattern of US CMA 2023 has been given below:

Number of Subjects in US CMA 2023


Name of Subjects

Part 1: Financial Planning, Performance, and Analytics Syllabus

Part 2: Strategic Financial Management

Duration of the exam

4 Hours

Number of Questions

100

Type of Questions

100 MCQs

2 30 minute essays

US CMA Exam Appointment 2023

Candidates will have to complete their US CMA exam appointment 2023 in order to schedule their US CMA exam 2023. It is solely the candidate's responsibility to schedule their US CMA exam appointment 2023. To schedule their exam appointment for US CMA exams, candidates will be required to log on to prometric.com/ICMA and book their exam schedule according to their convenience. Candidates can schedule, confirm, reschedule or cancel their appointment from the same portal itself. Candidates will be given a confirmation number upon successful booking of their exam appointment. It is advised that candidates note down this number for future reference.

US CMA Exam Equating 2023

There is a slight variance in the type of test forms and the difficulty level varies slightly. So, in order to balance this, ICMA uses an equating methodology to determine the passing marks for US CMA exams. ICMA using techniques of statistical equating determines the standard equivalency of the exam. The same standard is applied for all the applicants and test forms.\

US CMA Scaled Scores and Passing Criteria

In order to maintain consistency, ICMA announces US CMA exam scores as scaled scores ranging from 0 to 500. The authorities transform the raw scores of the candidates who appeared for the exam to this scale to maintain uniformity regardless of the exam a candidate is taking. The passing score for the US CMA exam is set at 360.

US CMA Performance Report

After the conclusion of a particular US CMA exam taken by a candidate, ICMA shares a detailed performance report with the candidates through email. The performance report of US CMA rates candidate’s performance in the exam as satisfactory, marginal, or unsatisfactory for each of the key topic areas.

Frequently Asked Question (FAQs)

1. What is the full form of US CMA?

The full form of US CMA is Certified Management Accountants.

2. How many times the testing window for US CMA opens in a year?

The US CMA testing window opens three times in a year in January/February, May/June and September/October.

3. How are US CMA scores equated?

US CMA are equated using statistical techniques and denoted between a range of 0 to 500.

4. What is the conducting body of US CMA exams?

ICMA is the conducting body of US CMA exams.

5. How can I book an appointment for my US CMA exam?

Interested applicants can book their exam appointment online through prometric.com/ICMA

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In a career as a copywriter, one has to consult with the client and understand the brief well. A career as a copywriter has a lot to offer to deserving candidates. Several new mediums of advertising are opening therefore making it a lucrative career choice. Students can pursue various copywriter courses such as Journalism, Advertising, Marketing Management. Here, we have discussed how to become a freelance copywriter, copywriter career path, how to become a copywriter in India, and copywriting career outlook. 

5 Jobs Available
Vlogger

In a career as a vlogger, one generally works for himself or herself. However, once an individual has gained viewership there are several brands and companies that approach them for paid collaboration. It is one of those fields where an individual can earn well while following his or her passion. 

Ever since internet costs got reduced the viewership for these types of content has increased on a large scale. Therefore, a career as a vlogger has a lot to offer. If you want to know more about the Vlogger eligibility, roles and responsibilities then continue reading the article. 

3 Jobs Available
Publisher

For publishing books, newspapers, magazines and digital material, editorial and commercial strategies are set by publishers. Individuals in publishing career paths make choices about the markets their businesses will reach and the type of content that their audience will be served. Individuals in book publisher careers collaborate with editorial staff, designers, authors, and freelance contributors who develop and manage the creation of content.

3 Jobs Available
Journalist

Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

3 Jobs Available
Editor

Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

3 Jobs Available
Reporter

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

2 Jobs Available
Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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