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Updated on 24th July, 2024 , 4 min read
The full form of CMA-Certified Management Accountant is a globally recognized professional certification in the fields of management accounting and financial management. The candidate has expertise in financial analysis, preparation, decision-making support, management & professional ethics. The CMA Certification is generally offered by the U.S.-based Institute of Management Accountants. CMA full form Course mainly focuses on valuation issues, financial system analysis, working capital policies and external financial reporting.
See Also: Courses After Graduation in Commerce
The Certified Management Accountant Course (CMA) is one of the most prominent courses across the world. It is recognized by more than 150 countries all around the world. The main benefit of CMA certification is that it is considered to be the best accounting certification for management as it has the perfect amalgamation of Business and Accounting. If an individual wants to explore a career in Business Management with a strong focus on accounting and finance, then CMA full form might be a great option to choose. The CMA course is divided into 3 levels:
Admission in Foundation Course
Registration to Intermediate Course
The application fees for the various levels have been mentioned below:
Given below is the exam pattern for the intermediate, final, and foundation courses:
Given below is the CMA syllabus for foundation, intermediate and final courses:
Here are the differences between CMA full form in the USA and India:
Check: Difference between CA, CFA, and FCA
CMA holders explore job opportunities not only in India but also in countries such as the US, Canada, Australia, New Zealand and different parts of Europe. CMAs are in demand in various industries, including Finance, Accounting, and Management Consulting. There are numerous companies in India and across the world that hire CMA graduates like The Big 4, J.P. Morgan, Morgan Stanley, Blackstone, Apple, Google, and Accenture. Since limited people opt for CMA courses, competition is low compared to other courses.
CMA holders earn more than other candidates having just a degree and even when they switch jobs, they get a bigger raise as they have a high demand in the job market. Even in Entry-level positions, CMA full form in commerce candidates receive a solid compensation package, and their possibilities of advancement are excellent. The CMA qualification allows individuals to work in Indian as well as International companies which alone increases their earning potential. CMA full form salary is anywhere between INR 5 TO 7 LPA.
Read More: CMA Salary in India
After the completion of CMA course full form, individuals will be able to work as:
Pilot Salary in India 2024: Starting Salary, Requirements, Qualifications, Per Month Salary
By - Nikita Parmar 2024-09-06 10:59:22 , 6 min readCMA full form is Certified Management Accountant.
CMA course duration in India is 3 years.
track the financial statements, play the role of a supervisor, predict the future risks that may affect the productivity of a company etc.
It takes 3 years to complete CMA in India.
Average salary for a CMA in India is 7 Lakhs per year (₹58.3k per month).
In short, CMA is a specialised course with significant potential in India and globally. The value of a CMA has grown significantly in recent years. This is because of India's economic expansion, the entry of significant foreign corporations into its market, and the Make in India campaign.
If a candidate is interested in auditing, taxation, reporting, and regulation, he or she should pursue CPA, whereas CMA is a better alternative for someone interested in management, strategic analysis, and decision making.
The CMA course is increasing in popularity among business students, particularly those who want to pursue a career in Cost and Management Accounting.
Which one pays the most? A Chartered Accountant earns an average of 8,06,154 INR per year in India, whereas a Certified Management Accountant earns an average of 5,50,000 INR per year. As a result, we can conclude that a CA makes more than a CMA.
The CMA exam is extremely demanding and will put your wits to the test. The industry average CMA pass rate for both sections is only 45%, which means that only around half of those who take the test will pass. The CMA exam is recognised for its rigour and difficulty, and you must prepare if you want to pass.
The CMA is a professionally recognised qualification, whereas the MBA is an academic degree. Though both are highly sought after career goals in the accounting sector, the CMA focuses on management accounting while the MBA in Financial covers a far larger range of finance units.
Candidates to pass CMA Final examination 2024 should score a minimum of 40% marks in each subject and an overall aggregate of at least 50% marks.
The CMA Exam covers subjects like accounting, laws, ethics, finance, cost and financial management, taxation, company accounts, and audit, etc. Apart from this, there are other subjects in the CMA Syllabus which you can check above.
There are total of 20 papers in the CMA Exam distributed in the CMA Foundation, CMA Inter, and CMA Final.
In order to qualify for CMA exams, a candidate is required to obtain a minimum of 40% marks in each subject and an aggregate of 50% or more.
The main benefit of CMA certification is that it is considered to be the best accounting certification for management as it has the perfect amalgamation of Business and Accounting.
There are numerous companies in India and across the world that hire CMA graduates like The Big 4, J.P. Morgan, Morgan Stanley, Blackstone, Apple, Google, and Accenture.
The CMA course is divided into 3 levels: Foundation, Intermediate, Final.
CMA Course mainly focuses on valuation issues, financial system analysis, working capital policies and external financial reporting.
The full form of CMA in India is Cost and Management Accountant.