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Maintaining the CMA designation exceeds passing the exam and meeting the experience criteria. You must fulfill the 30-hour annual Continuing Professional Education requirements.
Step 8: Applying for CMA Certification. After successfully passing both parts of the CMA exam and fulfilling the professional experience requirement, the next step is to apply for your CMA ...
In addition to successfully passing the exams, CMA candidates must fulfill education and experience requirements in order to be certified: [5] 1. Bachelor's degree from an accredited college or university 2. Two continuous years of professional experience employing the principles of management accounting and financial management including:
The CMA Preparatory Program was only open to those with a university degree in accounting; or a recognised professional qualification in accounting. In addition to passing the two subjects, one needed to have 5-years of business experience to qualify as a Certified Management Accountant (CMA). [14]
The CMA is a well-recognized certification among employers. CMA has better Career in Management Accounting than institute of Cost Accountants in SAARC nations. In its latest salary survey, IMA finds the median income for CMAs is about 28% higher in the U.S. than for their peers without the designation. [ 14 ]
This made it possible for the first time to use statistical techniques for test equating and to use criterion-referenced passing scores. Maintaining a large database of secure examination materials also made it possible for the CPA Exam to later transition to a computer-based administration format in 2004.
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