CMA-IMA (Certified Management Accountant – Institute of Management Accountants) program is a professional certification program designed to prepare individuals for careers in management accounting and financial management. The program is administered by the Institute of Management Accountants (IMA), which is a global association of accounting and financial professionals.
The CMA-IMA program is divided into two parts:
Part 1: Financial Planning, Performance and Analytics
- External Financial Reporting Decisions (15%)
- Planning, Budgeting, and Forecasting (20%)
- Performance Management (20%)
- Cost Management (20%)
- Internal Controls (15%)
- Technology and Analytics (10%)
Part 2: Strategic Financial Management
- Financial Statement Analysis (20%)
- Corporate Finance (20%)
- Decision Analysis (25%)
- Risk Management (10%)
- Investment Decisions (15%)
- Professional Ethics (10%)
To be eligible for the CMA-IMA certification, candidates must have a bachelor’s degree from an accredited college or university and have two years of professional experience in management accounting or financial management. Candidates must also pass a two-part examination and meet continuing education requirements to maintain their certification.
The CMA-IMA certification is recognised globally and is highly valued in the accounting and finance profession. It demonstrates a mastery of the knowledge and skills required to excel in management accounting and financial management roles.