Certified Management Accountant
The ‘Certified Management Accountant’ is an internationally recognized management accounting course. The course is governed by the Institute of Management Accountants (IMA) – headquartered in the US. A CMA qualification will ensure you are at the center of an organization, working with the management team on key strategic decisions through your expertise in the accounting, finance, and business domains.
Frequently Asked Questions
The US CMA is a credential granted by the Institute of Management Accountants. The course focuses on various aspects of finance, accounts, and business.
This decision depends on the amount of time you are willing to invest in gaining a professional qualification. A CA will particularly take 5+ years to complete with opportunities in India. Whereas the US CMA designation can be earned as soon as 6-9 months & it provides global exposure as well.
In terms of the core subjects: CA focuses more on Financial & Statutory Accounting, Statutory Auditing, Company Law, etc. & the US CMA focuses more on the management aspect with subjects such as Financial Statement Analysis, Performance Management, Cost Management & Corporate Finance.
The Indian CMA focuses mainly on the Indian standards of accounting (Ind As) which is a subset of IFRS whereas the US CMA covers the US GAAP, IFRS, and various aspects of finance. This lethal combination allows candidates to land jobs in the business domain and work with the world’s leading CFOs on various strategic decisions.
The CMA designation is the apex management accounting designation. You will be an in-demand professional in countries such as the USA, Canada, the Middle East & now even in India as most of the corporates are looking to hire CMAs
With training with top-quality exclusive CMA-qualified faculty, you can complete your CMA exams within 6-9 months at PSP EDUCATE INDIA