CMA USA Course Details Eligibility Fees and Exam Dates

US CMA Course Details Eligibility,Fees and exam dates 2023 - Emerging Qualification

The Institute of Management Accountants (IMA) in the United States awards the Certified Management Accountant (CMA), also known as the CMA USA course in India, as the highest level of management accounting certification.
The IMA offers the US CMA course or certification, which is a global association of accountants and financial specialists in business. It was created in the year of 1919 and has more than 90,000 members across the world with a global reach in over 140 countries through 300 professional and student chapters.

CMA USA Course

For management accountants and financial professionals, the CMA (Certified Management Accountant) credential has long been the gold standard. Within 69 months, you can obtain a professional certification.
The IMA awards the CMA Certification. The following are some of the important points you should know about the US CMA course:
  • Exam schedules
  • Exam format
  • Exam structure
  • Duration of the course
  • Indian Rupees Course Fees
  • Eligibility
  • Acceptance rate
  • Curriculum
Exam registration and the CMA course are two of the most important features of CMA USA.

CMA USA Eligibility

Exam Eligibility: You are eligible to appear for the exam after successfully passing the Class 12 exam. This is the most important part of the CMA Journey since after passing the exam, you can apply for jobs even if your certification has been pending.
IMA Membership Eligibility: After passing the CMA Exam, you can apply for IMA certification and membership. Remember, you have 7 years from the date of passing the exam to apply for IMA certification and membership.
To apply for IMA certification and membership, you must have
  • A bachelor's degree or comparable professional certification from an approved college or university
  • Have acquired 2 years of relevant work experience
To be eligible for CMA, you must meet the following requirements:
  • Pay the IMA fees through NSA. Remember, you can also pay the fees directly, but paying through NSA, an approved learning partner, would save you a lot of money.
  • Pay the CMA Entrance Fee. Here again, you can pay directly to IMA, or through NSA since it again would help you save good sum of money in both parts of the exam.
  • Book the exam with Prometric. You can check out your center and schedule availability
  • Complete all assessment sections that are required (Clear part 1 and 2)
  • Acceptance of the IMAs Statement of Ethical Professional Practice.
  • Join NorthStar Academy for US CMA Cpurse.
Congratulations, you are a CMA now.

CMA USA exam dates 2023

The CMA exam test has been totally revamped and is now administered at Prometric Centers around the world. It's essential that you schedule your assessments for one of the available testing windows that best meets your needs. You are also advised to book your testing slot ahead of time to ensure that you get your desired testing window (dates and time schedule) for testing.

Exam Pattern for the CMA USA

The CMA test has two parts, and you don't have to take them in any specific sequence. This means that, depending on your preferences, you can register for any of the two parts first. The CMA test comprises 100 multiple-choice questions (MCQs) and two essay-type questions in each part.
The MCQs account for 75% of your overall score on the CMA exam, while essay questions account for 25%. The exam can be scheduled on any day of your choice during the three exam windows namely, Jan Feb, May-June, and SepOct.
CMA USA Course

CMA Exam Dates Testing Window

Jan-Feb: January 1 to February 28;
May-Jun: May 1 to June 30;
Sep-Oct: September 1 to October 31.

CMA US Exam Format

The two parts of the US CMA Exam are both for four hours and include the following:
Type of question :
Question type  Duration No of questions Time per question 
Multiple Choice 3 hours 100 1.8 minutes essay
Essay type 1 hour 2 30 minutes

CMA USA Course Duration

At NorthStar Academy, the CMA USA course takes six months for both parts to complete. In our comprehensive mode of teaching, we take one part at a time with one monthly break in between to allow the students to appear for the exam.
On average CMA USA course at NSA takes between 6 to 9 months to pass, which is a significantly shorter time than most other professional certifications and courses in finance and management accounting. Completion is determined by a number of elements, including the amount of time you have to study, how you plan your studies, and how well you know your fundamentals.

CMA USA Fees in India

CMA USA course fees vary greatly in different parts of the world typically ranging between 2 to 5 lakhs which include the CMA training, entrance and membership fees, and both parts exam fees.
However, NorthStar Academy provides the best training at a much lesser cost. Not just that we provide IMA-approved books as part of the package itself. For more details, connect to our career counselors today.
Global recognition: The US CMA is the most widely recognized management accounting qualification in the world.
CMA USA course details: The course concentrates on the most recent updates, ethics, and financial statement analysis, as well as risk management, with a US GAAP flavor added in the segment to entice companies to hire people who have passed the US CMA Qualification. Unlike other management credentials, CMA BannerUSA only offers two tests.

Advantages Of the CMA USA Course

  • Academic advantage of a single-level degree with only two computer-based exams 
  • International qualification with high global average pass rates of 45% 
  • Academic benefit of a single-level certificate with only two computer-based exams
  • Short-term program that can be finished in one to two years
  • CMA professionals make 60% more than their colleagues without a professional certificate, according to a recent poll.
  • The CMA USA course is only two parts and can be finished in 6 to 9 months. As a result, it's perfect for people looking to advance their careers quickly.
  • CMA graduates are in high demand in public and corporate accounting, where they can work as analysts, planners, auditors, managers, and accountants.
Many Big4s in India hire qualified CMAs (USA) for FP&A, Risk advisory profiles (CMA USA focuses on risk management), and Internal FP&A profiles in outsourcing organizations such as Capgemini, Accenture, Amazon, and others. You may also contact NorthStar Academy for additional information on the course, study materials, and placement aid.
Currently, education institutions in Bangalore, Bangalore, and Mumbai, offer CMA coaching. NorthStar Academy has one of the finest faculty teams for CMA USA today. Our teaching methodology has helped NSA maintain excellent results year after year. CMA USA fresher salaries in India start at 4 lakhs per annum.

CMA USA exam fees in India

Here is the fee structure at NorthStar Academy for the CMA USA exam in India
Particulars Students Category ($) Professional Category ($)
IMA Membership fee 117 245
IMA Entrance fee (Validity for students - 3 years, for Professional 1 year.) 188 250
Part 1 Exam fee 311 415
Part 2 Exam fee 311 415
Total 927 1325
The cost listed above is solely the expense payable to IMA and does not include the cost of tutoring or study materials.
Note: NSA offers a massive bundle discount, and you will never be having the pay the fees as mentioned above. For more details, contact our career counselors.

Passing Percentage of US CMA 

The pass percentage for the US CMA Exam is 72 percent for each part, which means you must earn 360 out of 500 to pass the exam.

Syllabus for the CMA USA

The CMA USA Syllabus is comprised of two parts:
  • Part 1 of the CMA USA Exam
  • Part 2 of the CMA USA Exam
A candidate should be able to recognize the financial statements' requirements, as well as their primary components and categories, as well as their benefits and drawbacks, as well as their consequences.
One can also show that they understand the needs of each of the assertions, as well as the relationship between them and how they were prepared.
A candidate should be able to distinguish between financial and operating leases, recognize capital transactions, and understand the variations between GAAP and IFRS, among other things. This section is divided into two parts; budgeting and financial planning.
A candidate must compute several items such as the cost of goods sold, the cost of goods manufactured, and other items in this section. There are also a few conceptual issues to consider. This section goes into greater detail than the one before it. Although the ideas are simple, some questions can be lengthy.
The following are the sections in both parts of the CMA USA syllabus.
Part 1 Weightage
External Financial Reporting Decisions 15%
Planning, Budgeting and Forecasting 20%
Performance Management 20%
Cost Management 15%
Internal Controls 15%
Technology and Analytics 15%
Sections Part 1 Weightage Part 2 Weightage
Section A External Financial Reporting Decisions 15% Financial Statement Analysis 20%
Section B Planning, Budgeting and Forecasting 20% Corporate Finance 20%
Section C Performance Management 20% Decision Analysis 25%
Section D Cost Management 15% Risk Management 10%
Section E Internal Controls 15% Investment Decisions 10%
Section F Technology and Analytics 15% Professional Ethics 15%

Conclusion

The CMA USA Course is a globally recognized advanced-level accreditation for accountants and financial professionals. Management accountants are critical to a company's profitability, revenue forecasts, financial planning, and analysis.
Ideally, the CMA USA Qualification will lead you to the position of Financial Controller, and subsequently to the post of Chief Financial Officer of the company. Avail all the benefits by joining NorthStar Academy today, to get the best CMA USA trainin.