The CMA Program IMA St. Louis Chapter March 9th, 2010. Outline. CMA Credential CMA Certification Eligibility New CMA exam format announcement Details of the new CMA exam structure & implementation Exam formant difference current vs. new New program benefits
IMA St. Louis Chapter
March 9th, 2010
The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance. Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, and decision support, as well as professional ethics.
The CMA credential is...
・ Focused—On the critical skills you use in business.
・ Respected—Leading employers seek to hire and promote CMAs.
・ Valued—CMAs earn higher compensation than non-certified professionals.
・ Convenient—CMA Exams are offered electronically in hundreds of locations worldwide.
To be eligible for CMA certification, you must fulfill all of the following requirements:
ICMA updates CMA exam formatTo ensure that the CMA remains the most appropriate designation for accountants and financial professionals in business, the Institute of Certified Management Accountants (ICMA) announced a change to the format and curriculum of the CMA exam program
Focused on critical subject matter:
Financial planning, analysis, control, and decision support
Highly Relevant to marketplace needs
Advanced level of certification
Maintains rigor and integrity
Convenient for time-sensitive candidate
Differentiated from other certifications
Focused on the essential body of knowledge for accounting and financial professionals working within organizations
Note: CMA Exam marketing expenditures are increasing this year
Current CMA Structure
New CMA Structure
Current CMA Testing Fee
New CMA Testing Fee
Current exam entrance ends February 28, 2010
Registration for exam parts in the current program ends September 30, 2010 for parts 1, 2 and 3, and ends December 15, 2010 for part 4
All of the current CMA examination parts (Parts 1, 2, 3 & 4) will be available at Prometric Testing Centers until December 31, 2010
Automatic transfer to new program if you do not pass all four examination parts of the current CMA program by the deadline
Current candidates may complete remaining exam parts in the existing program by 12/31/2010 or transition to the new program at any time in 2010
For candidates who have passed current parts 2, 3 and/or 1
Two hours in length, four 30 minute essay on subject matter outlined in new parts 1 and 2
Available starting May/June 2010 testing window until February 28, 2013 (due date for passing)
May take Part T up to three times per year until due date