How To Become a Certified Management Accountant (CMA) - IN ONLY 8 STEPS
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- čas přidán 26. 07. 2024
- HOW TO BECOME A CERTIFIED MANAGEMENT ACCOUNTANT (CMA) SIMPLE 8 STEP PROCESS // Did you know that the Certified Management Accountant exam is changing in 2020? So if you want to learn how to become a CMA Accountant in 2019, this is the video for you. There are only two exam windows left in 2019 so you’ll need to hurry if you want to pass both cma exams this year.
If you’re thinking of taking both exams in the same CMA exam window, let me tell you that the Certified Management Accountant exam is not easy. As your CMA Coach, my advice is to take only one exam in the upcoming window in May/June, and the second exam in the September/October exam window. If you follow this plan, you’ll be well on your way to earn your Certified Management Accountant certification in 2020.
Even if you’re wondering, “What is a Certified Management Accountant”, this video is also for you. I’ll break it all down on how to become a Certified Management Accountant step-by-step.
RESOURCES & LINKS MENTIONED IN THIS VIDEO:
Get a free copy of my CMA exam secrets cheat sheet here:
bit.ly/3kMJp1L
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EXAM COACHING: Want to pass your CMA exam on your first attempt? CMA Exam Academy is accepting new students who are seriously ready to become CMAs. Nathan Liao (aka the CMA Coach) has coached over 35,000 CMA candidates who came knocking at his door seeking guidance. And just like them, Nathan is here to show you how you can also pass the CMA exam on your first attempt without wasting money or time. For details, click here:
bit.ly/2MiHPX0
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What questions do you have so I can help you become a CMA this year? Comment below. I'm here to help.
CMA Coach should I study both theory and sums? Or should I cover more of numerical problems ? Please reply
@@sonamary6488 Every candidate should study for both types of questions. You'll definitely get both types of questions in your exam.
My school is not included in list of accredited school of IMA. Any advice? What if my school credentials was not approved?
Hello, I have a Bachelors's Degree in Marketing Management and have the opportunity to work in the Accounting/Finance industry. I would like to pursue Accounting so I have decided to sit for the CMA exam. What membership should I get from the IMA? When should I start studying? Where can I get the study materials? How do I know if I am actually qualified to take the CMA exam? Appreciate your help! Thank you for creating this vlog for us!
Is CMA is better than ACCA and secondly can I do CMA after BBA ?
Amazingly described!!
I'm glad you enjoyed the video. Thanks for watching!
Thank you so much!
You're welcome! On my blog, you can find more valuable information about CMA and accounting. Click here to learn more: cmaexamacademy.com/blog/ref/nathan/
Cool!
Thanks for watching!
Hello Sir!
My question is even I need to sit for exam, should I be a member of IMA?
If yes, then please let me know what type of membership is required for me. I am Master degree holder in accounting.
As we are studying for the CMA part 1, what impact will take place if the exam is changed in 2020? Will it be a change in syllabus or exam style?
Yes you need an active IMA membership in order to take the CMA exam. If you're still in school, you may qualify for the student membership. Otherwise most people opt for the professional membership.
The exam content will change in 2020. So since you're planning to take the exam next year, make sure you're using study material that has been updated for 2020 exam.
Hi Coach. I am a working professional with 4 years of experience in Market Research, where i conduct SWOT analysis for various companies across industries.
So, is my experience considered to meet that 2 years experience criteria?? Or do i need to get any other management accounting experience??
There are several requirements before a candidate can become officially CMA certified. Here’s my article on this topic: cmaexamacademy.com/cma-certification-requirements/ if you have questions after reading it, please let me know. Thanks!
Hi Nathan, do I need to get an IMA membership first before I can enroll for a CMA course review? or I can delay that until I am not yet ready to take the CMA exams?
Hi, Nerissa! No, you don't. Inside our Academy program, I'll advise you when to pay for your IMA membership, CMA entrance fee and exam registration. Hint: Not all of them should be paid at the same time. Plus, as our student, you'll get an exclusive 15% discount on your IMA membership and CMA entrance fee thanks to our partnership with the IMA.
Should I wait till I'm halfway through a test's prep before paying for CMA membership and CMA entrance fee? In the video you mention only waiting to pay for the entrance fee.
You can. I like my students getting their membership sooner though but it's totally up to you.
sir my college is providing b. com with us cma so my questions are please answer 🙏🙏🙏
Q1 if i m doing any job like bank job so it will make my resume more attractive?
Q2 if i m going regular college to study b com cma so i will need any coaching?
Hi sir. I am a BS Management Accounting graduate in a University last 2010. After I graduated I worked as an Admin and Finance Officer for 3 years in an NGO and have been doing bookkeeping works since 2013 in part time and full time basis until at present. Does my work experiences be considered if i will get the CMA certification? Do I also need a refresher course to be updated?
Hi Hersie, I believe your work experience does meet the requirement. There are several requirements before a candidate can become officially CMA certified. Here’s my article on this topic: cmaexamacademy.com/cma-certification-requirements/ if you have questions after reading it, please let me know. Thanks!
Hi Sir,
I had done Masters in Finance and right now working as an Finance Assistant in an Hospital. Which membership should I choose?
Also, this experience can be considered for the 2yr experience required for CMA certification?
Hi Fauzia, choose the professional IMA membership. To determine if your job fulfills the work experience prerequisites, read this article I wrote that goes into detail: bit.ly/32HazNu
Hi Coach, I’m planning to take the challenge and go for a CMA qualification, I’m wondering if learning the part 1 for few months (4 - 6 months) then take the 1st exam, then go to part 2, learn for few months (4-6) and then take the 2nd exam. Doing this you have less information to process and thus perform better in the exam. Is this a good strategy, or should I go 10-12 months on both parts and then try to take the exams?
Hi Lulian, I like where your heads at. Tackling one part at a time is the best approach. 4 months per part is the sweet spot in my opinion.
Hi, I have been working in Middle East for past 7 years as an Auditor as well as a Senior Accountant. And 3 months back I started my career as an Accountant after relocating to Canada. Do you think I should go for Professional Membership?
Yes the Professional membership is the right one for you.
Congratulations on the video, very clear. I live in Italy and it is not clear to me if I can also take the exam in my country. It seems to me that it is at a Prometric institute
Thanks Tito. Glad to hear the video was very clear. To answer your question, you can take the exam anywhere in the world where there's a Prometric testing center, which is in most major cities. To locate one near you, use this link www.prometric.com/icma
I was reading and watching your video about becoming a Cma but would love to get more info on how to get started.
Hi Marlon, to get started, read this article: cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/
Hi, I am thinking to get a CMA but which membership should I choose since I am not a student anymore. I'm a full time worker.
For the CMA study package, I'm thinking to get gleim. SInce I have almost 4 years experience within accounting/finance. Will IMA count my previous work experience as 2 years experience?
You'll need to choose the Professional membership. The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow questions, don’t hesitate to reach out :)
Hi, I'm a second year bachelor of functional english student and I like to pursue CMA US after my graduation. I would like to know about the preparations that I must do before to get a base about this financial and accounting thing.
I would highly recommend taking accounting and finance classes in college to have a strong foundation for the CMA exam. These classes will provide you with a solid understanding of the financial and accounting concepts that are covered on the exam. Additionally, taking classes will help you develop the necessary skills and knowledge to analyze and interpret financial information, which will be essential when taking the CMA exam.
It is also important to note that the CMA exam is widely considered to be challenging, so having a strong educational background in accounting and finance will give you an advantage when preparing for the exam. In addition to taking classes in college, you can also consider joining a student accounting or finance association, or participating in an internship or other hands-on experience in the field.
What certifications are helpful prior to registering for CMA? I looked at CPB as an option, but I dont know if it is more honoured than a BBA, which I've already attained.
Hi Sonja! You should remember that to obtain the CMA certification, you must meet specific educational requirements.
CMA educational requirements can be fulfilled in two ways:
1. Earn a bachelor’s degree from an accredited college or university
2. Have a professional certification
Also, CMA does not require you to have a bachelor’s degree in finance or accounting. But your degree must come from a regionally accredited or Distancing Education Accrediting Commission (DEAC) accredited university or college.
If you don't have a bachelor’s degree, you can still qualify for the CMA certification requirements by holding a professional certification.
You can learn more about all requirements here: cmaexamacademy.com/cma-certification-requirements/
Hello coach! I want to ask how many months or years is the interval of taking the next part of cma certification exam?
Hi Christia, candidates have up to 3 years to pass both parts of the CMA exam.
regarding the work experience. you said if your 60% of your courses are accounting and corporate financial management courses you meet the experience qualification. does that mean that there is no need to have a 2 years of work experience anymore?
Hi. After passing both parts of the CMA exam, you will need two continuous years of professional experience in management accounting and/or financial management. This experience can be gained before or within 7 years of passing the exam. Part-time positions can also count towards this requirement as long as they amount to a full-time equivalent.
Check out my 10-step roadmap to earn the CMA: cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/
If you have any follow up questions, don’t hesitate to reach out.
Hi I have 12 years of experience in hedge fund accounting. Now i am planning to do CMA. Can I avail post qualification experience based on this? My experience involves finanacial accounting and capital market exposure,valuation and NAV calculation.
To fulfill the work experience requirement for certification, the tasks being performed on a day to day basis is more important than the title itself, although a title is indicative of the type of work a candidate performs. Here’s my article on this topic: cmaexamacademy.com/cma-certification-requirements/
Hey Nathan! Could please update us with the process of the latest fee and registration process. Thank you.
Hi Arathy, it hasn't changed for 2023. It's still the same process on IMA's website.
So if I didn’t understand it wrongly, we should buy a review program and start reviewing before we enroll us as ima member and pay cma exam entrance fee. Please let me know if it is correct. Thanks.
Cathy Zong it’s totally fine to purchase a review course and pay for your IMA membership on the same day. But definitely hold off on paying for your CMA entrance fee and exam fee until your half way through your study material.
Hi Nathan, how do you inform the IMA that you fulfilled the required work experience criteria?
Hey Zach, by submitting your resume to them via email with current employer contact info.
Hi Nathan,
I have a question about the experience aspect. I am in year three of my audit job, accordingly would being at this job for 4 years total be sufficient to fill professional requirement?
Yes Jon. Auditing work meets the experience requirement.
Great video.. I m currently in logistics filed and not intend to become an accountant..however, would like to get a accounting certification (management accounting)..Is CMA right for me or is there another certificate I chould go for?
Thanks for watching. I'm not familiar with the logistics industry and the certifications available for that industry. The CMA is for professionals looking to build a career in management accounting. If that's not your objective, I'm not sure it'll be worth the investment.
Thanks coach..really helpful..am interested in becoming a CMA..will I be able to travel to the US to take the exams..?I am currently doing my ACCA..can I wait till I complete it..or should I enroll immediately for the CMA..?
Hi Fofanah, you can take the CMA exam anywhere in the world where there's a Prometric testing center. To find out click on this link: www.prometric.com/icma My suggestion is to finish your ACCA first before studying for the CMA exam.
Quick question; I have a bachelors degree in Accounting with 150 credits; and then i did an MBA with 39 credits graduate level courses can this satisfy the experience requirement?
The experience requirement for CPA is much different right? Can you elaborate on both?
Thanks for your help! Jorge
Jorge, the experience requirement is only based on work experience, not credits. You have to actually have a job that satisfies this requirement.
Hi coach, what is the difference of professional fee and young professional fee? I have 4.5 years of experience and working here in the Phillipines. Im 25 years old. Does young professional's fee suit me? Hope to hear from you.
John, the IMA no longer offers the young professional membership. Go with Professional.
Am working in small engineering office,are they focusing on specific duties and which accounting system i am used ,and do u think that recording inovices and managing the credit account,Vat returns are enough for the experience??
Your work experience needs to meet a specific criteria. Read this article to learn more: cmaexamacademy.com/cma-certification-requirements/
Hello mate, i'm from INDIA, i'm planning to do B.Com Strategic Honours, in which the CMA content will be covered. Which membership should i opt for?
If you are enrolled in an accredited class, then you can opt for the Student Membership with the IMA.
So what is the full all in cost of everything related to CMA certification? Any way to list it out for professional membership?
Hi Wayne, for a complete breakdown of costs and everything related to the CMA certification, please read my free article here: bit.ly/390bSKO
hello im still confused what should i take? im still a college student what benefits does applying for ima member give if i apply now?
Hi Christina, the benefit is that the cost of certification is lower for students than professionals.
Hi
I am semi qualified chartered accountant from india and also completed graduation so which membership will be applicable for me?
Also regarding "2 years of exeperience" will my CA Articleship of 3 years get counted or not? If not then will i be allow to fulfill that criteria after passing both parts of CMA exam?
Please reply
Hi Aaish, since you already graduated, I believe your membership level is Professional. But you should reach out to the IMA directly and get a clear answer on this before paying for it. Also ask them if they will accept CA Articleship as work experience.
You have up to 7 years after passing both exams to fulfill your work experience requirement.
Hello Sir. I just completed my Bachelor of Accounting Honours Degree. Am still waiting for my final transcrit and hope to have been successful. What membership do l qualify to be CMA member?
I believe Professional but please double check with the IMA to be sure.
I coach; question I did graduate on 2001 in University out of USA, but my experience in USA is just in AP but not staff accountant... still I can do the CMA or I have to find a Staff accountant job? which is difficult because they are asking for USA credential's...
Gaby, the IMA gives candidates up to 7 years after passing the exams to meet all qualifications including work experience. So although you may not have it now, you can still study for your exams.
I have appeared for my class 12 exams this March,and the results are probably going to be declared in June.Would you recommend appearing for CMA exams before graduation?
If you have the time to study for the exam then absolutely yes! Not only will you be able to get a headstart from your peers, but the IMA has lower membership and exam fee rates for students.
@@Cmacoach Thank you so much sir
Cma syllabus doesn't cover basic financial accounting. How important it is to be strong in basic before enrolling in cma ?
Hi. Understanding basic accounting concepts is crucial before enrolling in the CMA program. While the CMA syllabus builds on these fundamentals, having a strong foundation will significantly enhance your comprehension and performance throughout the course. If you need to strengthen your basics, consider reviewing introductory accounting topics to better prepare for the CMA journey.
To learn more about the topics covered in each part of the CMA exam, click on the following links:
CMA Part-One: cmaexamacademy.com/cma-part-1/ref/nathan/
CMA Part-Two: cmaexamacademy.com/cma-part-2/ref/nathan/
Hello sir my name is zion i am from New New Zealand i am planning to become CMA right now im in highschool year 11 i am 15 years old after that i am deciding wether to go for accounting or financial course in university to get a bachelor's degree which option will open more gates for me in the future.
And also is it worth getting your master's after you bachelor's for getting higher paying jobs or higher positions.
i would like to move to Australia once i finished my studies and after finishing my bachelor's while studying for my master's if its helpful should i try to apply for a job that will help me get things om a resume that people are looking for in a young man
For the membership i am still in highschool a good 3 to 4 years when ill start my accounting to financial course given your opinion should i apply for one or should i apply for one at a certain age or and a certain point at my studies
And also i was just wanting to know what is the difference between management accounting and financial accounting do you recommend me studying any books at my age of 15 and if so can you recommend me some
thanks from zion
Hi Fangz, I admire your determination to tackle the CMA at such a young age. Because the CMA is an advanced designation, my suggestion is to wait until you are in your third year of college to start preparing for the CMA exam. Once you get your bachelor's degree and pass both CMA exams, start applying for jobs to help you gain field experience.
Is the CMA program, a set of courses to help pass the exam? and if I pass the exam then I passed the CMA program as well right?
Jasper, passing the CMA exam is one of several requirements to get certified. Here's an in-depth article that goes into detail: cmaexamacademy.com/cma-certification-requirements/ I think you'll find it insightful.
Dear Coach,I work and live in the Netherlands as an assistant-accountant. I want to study for the CMA exams.
Can I also follow the CMA courses from the IMA organization itself in my own country?
Hi Fariba, The IMA doesn't have CMA courses. You'll need to look for companies that provide them. The good news is that most courses are done online. The exam itself is not though. You'll need to go to a Prometric testing center to take it. They have locations worldwide. You can find one near you here www.prometric.com/icma
For CMA course options, check them out here: cmaexamacademy.com/best-cma-review-course-comparison/
In ur institute
Which review provider is using??
I mean Willy/Becker/glem ...??
None of them. We have developed our own study material since 2015. For more information, check it out here: cmaexamacademy.com/product/premium-cma-coaching-combo-part-1-part-2/ref/nathan/
hii sir iam RAM from india.. I completed my 12th class now iam doing INDIAN CMA because iam not interested in doing bachelors degree.. so, my main target is I want to do US CMA. is INDIAN CMA professional degree enough to do US CMA??? and do I get any exemptions in writing the US CMA?? I heard it INDIAN CMA also had equal priority?? sir, could you please help me out with my queries???
Hi sir . I am in South Africa I am doing National diploma in Cost and Management Accountant so I'm wandering what the next step for me to take in order to become CMA? And also which membership I am qualifying for
Hi Gloria, Since you're still an active college student, opt for the Student Membership. The next step is to start studying for your exam. You can do it while in college if you have the time, or if not after graduation. The steps I listed in this video provide a roadmap, but if you prefer to read them here's the article: cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/
Hi sir. I am a BS Management Accounting graduate in a University last 2010. After I graduated I worked as an Admin and Finance Officer for 3 years in an NGO and have been doing bookkeeping works since 2013 in part time and full time basis until at present. Does my work experiences be considered if i will get the CMA certification? Do I also need a refresher course to be updated?
I am applying to a master of science in accounting program. But Im also thinking of becoming a CMA. I have a BBA in Economics and i only have principles of financial and managerial accouting in my undergrad and I graduated 10 years ago. I don't have official accounting experience. Would it be better to just go into CMA prep instead of doing the masters?
Hi Maggie, that's a great question! In fact, I'm releasing a brand new video this coming Monday comparing an MBA to the CMA. Subscribe to the channel so you get notified when the video is published this coming Monday. I think you'll find it super helpful :)
I'm studying in icma Pakistan of uk icma, so I'm little bit confuse, that how pass CMA exam of computer bass I'm two time fail in economics paper, and also how I studying of another level subject study?
To become comfortable with a computer-based exam, get an online test bank to take practice exams. Here’s a list of available study tools. Feel free to pick and choose the ones that fit your needs: cmaexamacademy.com/cma-study-tools/ref/nathan/
Sir i am doing Bs accounting and finance.which membershe should i choose after doing this. And one more thing Cma requires from us that you just need a bachelor degree to get cma, it means we can start after bs accounting and finance.
Hi! If you are still in college, choose Student membership. Otherwise, go for the Professional membership. One of the requirements is to have a Bachelor's degree yes. You can start studying for the CMA exam before or after you graduate. College students can take the CMA exam. They just wouldn't get certified until after they graduate and meet the rest of the prerequisites. But it's a great way to get a head start.
The Young Professional membership option doesn't appear on IMA website. Is this no longer offered?
Peter, it's no longer an option unfortunately.
Hi, I'm 29 years old and currently pursuing my last year in post-graduation from the University of Mumbai, India and also working in the Banking sector.
So do I'm eligible for the CMA program and will get a student IMA membership which cost $39.
Yes that's correct.
I have just completed a professional certification US CFE, will I be eligible although I am just holding an accounting diploma?
Reach out to IMA's customer service for verification. Per their website, a bachelor's degree is one of the requirements.
I'm From India And I recently completed my B.Com Hons Exams Now I wanted to start CMA But which is The Best Option to start this Study
And I have nO experience
Hi Sanjoy, To help you assess the top CMA review courses, check out the side-by-side comparison table on this page cmaexamacademy.com/best-cma-review-course-comparison/
Can I Apply For Scholarship ?
I’ve put together an article and video that explains how the scholarship from the IMA works, how to apply and more. click the link to read all about it cmaexamacademy.com/cma-scholarship/
Hi, I am in year one of my degree in Bsc (hons) in accounting and management. I just wanna know whether I am eligible to sit for an exam in oct??
Hi Lovish, as a college student, yes you are eligible to take your CMA exam.
Hi sir
I am from India and I have completed my UG in recognised university and I am doing my CA I.e CA Final now.Now I want to enroll for cma.Please guide me through sir
Hi Harsha, I'd be happy to guide you through the enrollment process. To start get familiar with the steps needed to become a CMA: cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/
Then to enroll in a review course program click here: cmaexamacademy.com/product/premium-cma-coaching-combo-part-1-part-2/
Hello sir!
I'm pursuing final year bcom right nw and i want to do CMA further.
CMA course can be completed being in India right?
Bcz somewhere i read that CMA can only be done in Abroad.
Hi Rishab, you can definitely complete the US CMA in India as well as anywhere in the world. It's a global designation. The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow up questions, don’t hesitate to reach out :)
@@Cmacoach Thank you sir😃
Hi sir which books are best for cma and from where can i purchase those books
Divyanshu, Here’s a list of available study tools. Feel free to pick and choose the ones that fit your needs: cmaexamacademy.com/cma-study-tools/ref/nathan/ If you have any questions, don’t hesitate to hit reply. Thanks!
Hello sir after 2nd PU what to
I am a fresh graduate major in applied mathematics and minor in business, how can I start the CMA
Hi. The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/
If you have any follow up questions, don’t hesitate to reach out.
where can i apply for student membership in ima?
www.imanet.org
Sir let me know where I get the study materials I am presently working in Saudi Arabia an accountant
Hi Ayaan, check this out: cmaexamacademy.com/product/premium-cma-coaching-combo-part-1-part-2/
Assalamu alaikum ayaan, please leave your contact number. I too live in Saudi Arabia and right now preparing for CMA. May be, we could be helpful to each other insha'Allah.
Hello coach, i had done PGDB ( Post Graduation Diploma in Banking) and my question is am i eligible for CMA Course
Aasha, if you have a degree from an accredited university, it'll meet the education requirement for the CMA certification. If you're not sure whether your degree will accepted, contact IMA's customer service to verify it for you.
@@Cmacoach hi coach i have done mu PGDB (Post Graduation Diploma in Banking) from NIIT Institute of Finance, Banking and Insurance (IFBI) .
Hi!
i am currently studying collg 2nd year
how can i strt my career in CMA?
Pooja, The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow up questions, don’t hesitate to reach out :)
is it necessary/useful to get experience in public and cpa before going into management accounting
Hi Long, it's not necessary to have public accounting experience before going into management accounting. There are thousands of accountants who hold managerial positions and never worked in public accounting. I'm one of them. Is it useful though? Absolutely. All accounting experience whether private or public is useful in the long run.
Hi sir, may I know if Bachelor of Science in Management Accounting connected to becoming CMA?
Yes absolutely.
I am a Post Graduate in Finanace and working as Senior Analyst in LSEG. Would like to know what membership has to choose
Professional
Sir I am having 2 years banking experience in HDFC Bank will this experience will be considered or relevant after pursuing CMA ?
Hi Purab, without knowing what exactly is that you do at the bank, I wouldn't be able to give you a concrete answer. I wrote an article that will help you determine if your work experience qualifies you for the CMA designation: cmaexamacademy.com/cma-certification-requirements/
Job role -Cashier
Designation - Assistant Manger
hello! I'm planning to pursue bachelor in management accounting in college here in the philippines, Can I take the CMA exam after graduationg?
Hi. Absolutely! Pursuing a bachelor’s degree in management accounting is a great step towards preparing for the CMA exam.
I posted an article on my blog that explains each of the requirements, including the educational requirement. You can read it here: cmaexamacademy.com/cma-certification-requirements/
I'm a student and an employee.which kind of membership should I choose?
If you're an active student then the Student membership is the one you want.
Hi Sir, I am Ella and i am a General Accountant in practice since year 2015. I really want to get a CMA title and would like to ask what if I couldnt passed the exam? is there any chance to take again?
Hi Ella, yes definitely. Exam retakes are permitted but only in a new exam window, not the same exam window. Thanks for watching.
i have already enrolled myself with cima & completed 35% marks along with my undergraduate degree in accounting.is this a right way for carrier please suggetion.
Tanmoy, you are already 35% done so keep moving forward and complete it 100%.
Hii sir I'm sharan from India going to complete my 12th public exams this march and my question is,can I do CMA without doing any bachelor degree
Hi Ravi, yes you can and it's a great idea to pass the exams during school. You won't be able to get officially certified though until you have your Bachelor's degree in addition to other requirements I went over in the video. Thanks for watching.
Amazing video and I just have a doubt I am currently studying Entrepreneurship and Management Bachelor's in Europe my course is 100% about financial accounting and startup so can I use that as 3 years of experience?
Thanks for watching! Education and work experience are two separate requirements.
@@Cmacoach thank you 😊
Hi Sir, I am my final year of Master of Professional Accounting. I have decided to get accounting job experience and will study CPA or CMA. I would like to study CMA or CPA while I am working Accounting job. I am a little bit confused to choose whether CPA or CMA as well. Could you please give me a favour advice? Thanks in advance.
Hi Wint, it depends on the line of work and type of jobs you want. If you're keen on auditing, taxation, compliance then the CPA is the way to go. If you prefer managerial accounting and work in private industry, the CMA is the way to go.
Hey Im an engineering graduate and will have 2 years of Technology Consulting experience in a big4 company (soon). Does that quite meet the experience requirements? Thanks
Hi Abdul, if your job duties meet the requirements listed on this article, then yes: cmaexamacademy.com/cma-certification-requirements/#experience
Sir,cma us follows IFRS or US GAAP?
US GAAP primarily but also covers topics on IFRS.
What’s up CMA coach,
I graduated college 2 yrs ago with a BS in Business Administration. Been doing AP/AR and Jr. Staff accountant work for two years, would I purchase the professional or young professional membership? I am about to turn 25
Hey Anthony! The IMA discontinued their Young Professional membership so you'll need to opt for the Professional membership.
@@Cmacoach thanks bro appreciate the response 🙏
It's my pleasure
I am from Sri Lanka, and I have completed a bachelors degree in Science. I have completed managerial level in CIMA qualification. Can I start register for CMA exams right away?
Binoy, before you register for the CMA exam, I suggest to study for it first. To learn more about the steps to take to earn this designation, read my article here: cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/
hallo im Akram and im studying managment sceinces major of accounting in a credit hour university and im in my third year so i need to know more about when i supposed to start and the best place in egypt to take this course in or if it can be online and also how to start
HI Akram, most people study online. It's the most convenient way to prepare for the exam.
The first step is to enroll in a CMA review program. But for all the steps you need to take to earn your certification, read this in-depth article on my site: cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/
Sir I have work experience in mutual fund industry.... So will that count?
Qualifying experience consists of positions requiring judgments regularly made employing the principles of management accounting and financial management. Such employment includes:
Preparation of financial statements
Financial planning and analysis
Monthly, quarterly and year end close
Auditing (external or internal)
Budget preparation and reporting
Manage general ledger and balance sheets
Forecasting
Company investment decision making
Costing analysis
Risk evaluation
@@Cmacoach This is a good list to understand about the employment experience
Hi sir I'm recently bcom graduated and i want to make my carrer in management field .how can i get through it? CMA is right path for me ?
Hi Navneet, congrats on graduating! If your plan is to work in management accounting, then the CMA is the perfect fit.
First You Have Get Experience Relevant Field Than You Go For CMA
How can I download the exam secrets e-book
Hi Rahul. You can download it by clicking on this link: cmaexamacademy.com/you-tube-cheat-sheet/
In the age of 46. Can we start to become CMA as it will complete in 49. Is it worth full to get CFO job. Already complete the bechlors degree and Job experience. Pls your comments.
Hi. Sure you can start! Obtaining the CMA certification can be beneficial in pursuing a CFO position, especially if you already have job experience and a completed bachelor's degree. Most of my students complete the CMA within 8 months to 1 year, not 3 years.
I have an awesome resource that’ll give you a lot more information about career and salary potential as a CMA. Check it out here cmaexamacademy.com/certified-management-accountant-salary-in-the-usa/ref/nathan/
I have my Master from india..Should it be specifically from canada?
It doesn't have to be from Canada.
Hai, I am about to do my Part 2 I passed Part 1 in July 2020 window..
I hope to pass P2 in next window..
Would like to know details about educational transcripts submission once we pass the exam.
I registered as professional
Your school will need to send official transcripts to the IMA. For more info on that, contact IMA directly for additional guidance: www.imanet.org.
Hello sir, I from India and I'm Bcom. (Hons.) graduated from recognized university. Now I want to enroll for CMA.
Please help me choose which type of membership should I acquire.
If you are no longer actively taking classes then you'll need to opt for the professional membership.
hye sir I did b.com in 2018 now I preparing for cma , I don't do any job or study which membership should I take
Hi Sunny, if you are not in school anymore, the default membership is Professional.
Hi , I just completed my 2 year diploma in Business accounting. Still i have to get bachelors degree in accounting field for CMA qualification.
Yes, you need a Bachelor's degree.
Hi Nathan,
Could you please that which membership will good for me because i am working as security guard and also preparing for CMA exam but don't which membership is appealing to me!
Hi Nasir, If you are not an active student in a university, then the professional membership is the right one for you.
Thanks Nathan!
For answering me. But i have one more question that as you said in your video that without 2 years of accounting experience we won't be able get our CMA certificate. I have accounting degree, isnt it enough for getting the CMA certificate after passing the exam.
Hi Nasir, I'm so sorry for missing your last comment. There are several requirements to earn your CMA designation. You need to pass the exams, work experience, education experience too.
I’ve been doing accounting over 20 years. Wanted to get cpa but is too hard. Would like to get my Cma. I work for a industrial product company. Would it be beneficial
If your desire is to work in managerial accounting, then the CMA is a great option.
@@Cmacoach I'm the corporate accountant. The only one at my company.
Xan, I think it'd be very valuable for you to have the skills and knowledge of a CMA to help your organization. CMA skills in business are so important. Every company should have at least one CMA on staff for sure.
Hey i have done Master of Commerce so which IMA Membership is good for me?
If you are no longer an active student then the Professional membership.
Hi...
I wonder if CMA fits on my situation?
I am from middle-east/IRAQ. I have a Business administration certificate. And I am working in a bank field as a back-office accountant.
I will come to Canada by the next 10 months from now. And you know there is almost impossible to work as an accountant in the first two years at least because I am a newcomer.
It's not impossible to work as an accountant. You may need to start from a clerical position like most do, but eventually you'll be able to move up the ladder.
Sir I am a final year degree student... Am I eligible for registration?
Because you don't have a bachelor's degree yet, you are not eligible to get certified. However, you can start preparing for the CMA exam during your final year in college.
@@Cmacoach thank you sir
I’ve done done doctor of pharmacy am I eligible to do CMA?
Hi Waseem, please check this article out that details the work experience needed to earn your CMA designation: cmaexamacademy.com/cma-certification-requirements/
Hello Sir, I work in a bank as an officer in India, I have 8 years experience in banking, MBA holder, what kind of membership should I choose to proceed..? Kindly advise me. Also whether this experience would be sufficient for completing experience part in the exam, I mean the nature of my job.
If you are no longer in college, then the Professional membership is the right one for you.
CMA Coach thank you Sir
Sir I'm a UG student doing Bcom with CS in India ...will I be able to do CMA after completion?
Hi Sandra, after completing your Bachelor's degree, you can definitely pursue the CMA.
Hi sir, I'm a bachelor of science in accountancy student turning second yr college this year in Philippines, I am actually worried for the propose amendment revision to accountancy law here that would find me difficult to become CPA because of its difficulty and high standard system, and I'm planning to be a CMA , am I eligible if Im a graduate with BSA degree?
There are additional requirements to become a CMA besides a bachelor's degree. But candidates can take the exams before fulfilling all requirements. The IMA gives a window of 7 years to fulfill all requirements as I explained in the video.
Hi, what's the proposed ammendment that would make it difficult for you to become a CPA in the Philippines?
Hiiii sir,I am studying inter 2md year M.E.C can u say what I have to do next to become a cma.i want to study b.com next year.pls advice me a easy method
The CMA journey can be confusing, at first. To help clarify all the steps, I’ve written an article to help candidates like you understand the entire process step by step. Here it is cmaexamacademy.com/how-to-become-a-cma-in-just-over-6-months/ref/nathan/ If you have any follow up questions, don’t hesitate to reach out :)
What's the percentage required for this course?
Hi Sharal, the passing score for this exam is 360 out of 500 points.
Hii! I just want to know what is the package we get per month?
I have an awesome resource that’ll give you a lot more information about career and salary potential as a CMA. Check it out here cmaexamacademy.com/certified-management-accountant-salary-in-the-usa/ref/nathan/
Thankyou for sharing.
Sir, Which Bachelor degree should I do for CMA US? Is BAF ok to do? Or any other please suggest me, sir it will be very helpful for me please reply sir...!
If you're looking into a career in management accounting, the CMA is the best option.
Is it completely compalsary to join IMA to have the course of CMA
You can become an IMA member without pursuing the CMA designation. But if you want to become a CMA, you will need an active IMA membership.