CMA Full Form
CMA Full Form-What is CMA? How To Get Certified :CMA is a professional certification credential in the management accounting and financial management fields.
|Certified Management Accountant|
FAQs about CMA
An accounting qualification that requires in-depth study and to be approved by an external examining body. An individual seeking CMA certification needs to have been an employee or manager in one of the following fields: General accountancy Management accounting Financial management Management accounting is an accounting science requiring of experience and knowledge in the areas of financial planning, analysis, control, decision support and professional ethics. The exam seeks to make sure the applicant is able to use these professional ethics to mitigate a risk or make an informed judgment in an audit.
CMA holders need to have at least 10 years of professional experience. It is possible for a person to acquire the certification even without 10 years of experience, but it will be harder. The experience should consist of 3-5 years of work experience in private sector. It is also possible for a person who has obtained a CMA to obtain another level of qualification – Certified Management Accountant in Management Accounting (CMA in MPa) or Certified Management Accountant in Management and Financial Services (CMA and FM). As of now, there are 1,414 CMA professionals in China. The profession is well-organized in the country, and there are 50 national associations, such as Beijing Certified Management Accountant Association and Chengdu Certified Management Accountant Association.
The CMA program is specifically designed to test and measure the knowledge and skills of candidates in the knowledge and skills set needed to lead the accounting function within a corporation or other similar company. This is the primary focus and goal of the CMA program. It does not cover a standard curriculum that covers the skills needed to perform more routine accounting functions. What does the CMA certification include? CMA testing is divided into two sections: Part 1 – Knowledge, Skills, and Practices (KSTP): This section consists of two parts of 120 question multiple choice questions. The questions cover information, principles, and techniques required for CMA professionals to effectively perform the duties and responsibilities of a CMA.
The CMA is conferred upon students or certified individuals who meet the standards of conduct, ethics, and professionalism set forth in the Standards of Conduct. How do I prepare for the CMA exam? According to the Certified Management Accountant Exam Book for Business Owners by Robert W. Kestler, the exam is comprised of the following four sections: Integrity Assessment Completing the Statement of Professional Responsibility Standard 913.4 – Standard for Financial Reporting General Regulations A one-hour exam will consist of questions in the following areas: Completing Financial Statements Business, Marketing, and Sales Planning, Control, and Decision Support Ethics and Professional Practices Common Errors in Financial Reporting.
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