Certified Management Account

In: Business and Management

Submitted By cxz020202
Words 1255
Pages 6
Certified Management Account

May 5th, 2010

The CMA certification was developed in 1972 to provide an objective measure of an individual’s knowledge and competence in the field of management accounting. (Institute of Certified Managment Accountants, 2009, p. 1) The CMA exam is made up of different components that test the skills an accountant or another individual in the finance field would use on the job including financial planning, analysis, control, and decision support. (Institute of Certified Managment Accountants, 2009, p. 1) There are numerous requirements for taking the CMA exam, as well as to maintain your CMA certificate but they are only mediocre compared to the benefits the Certified Management Accountant Certificate can do for you.
The CMA exam is administered, developed and graded by the Board of Regents of the Institute of Certified Management Accountants. (Institute of Certified Managment Accountants, 2009, p. 2) The Board of Regents also has the responsibility to evaluate and validate the CMA applications to make sure they have meant all the requirements to be a CMA. (Institute of Certified Managment Accountants, 2009, p. 2) To be eligible to take the CMA exam you much first become a member of the IMA and pay an entrance fee, $200 for regular members but only $75.00 for any students. (Institute of Certified Managment Accountants, 2009, p. 3) Once a member of IMA the Board of Regents will make sure that you have a Bachelors Degree from an accredited university, if the degree is not from an accredited university it could be accepted but only after being evaluated by an independent agency. (Institute of Certified Managment Accountants, 2009, p. 3) Candidates for the CMA certification must complete two continuous years of work in a management accounting field or financial management field prior to the exam or within seven years of passing the…...

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