What is the Eligibility criteria for a US CMA in India? by chinu roula

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C M A USA

What is the Eligibility criteria for a US CMA in India? NOVE M BER 22, 2021

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The CMA certi cation acquired from leading countries like the USA will help professionals gain global exposure as well as international recognition. Are you aiming to achieve a specialized accreditation in Accountancy? This blog will provide you with the details of US CMA in India, its eligibility, career options, and much more!

Certi ed Management Accountant or CMA is the highest standard-level certi ed course required for managing accounting and nancial professionals. The Institute of Management Accountants (IMA) awards the Certi ed Management Accountant certi cation after passing the CMA exam. CMA – certi ed professionals are quali ed to work in the nancial, accounting, and business management industries. Professionals choose the US CMA Course to start a career as nancial leaders that align business and nance strategies for the future of the business.

Career Options for CMA While the US CPA designation focuses on job tasks, such as writing audit reports and preparing tax returns, accountants with the quali cation of US CMA analyze budgets and help companies make informed strategic business decisions. Therefore, Certi ed Management Accountants can t into a wide range of positions, leading to varied CMA careers. So, what jobs can CMAs get? CMA professionals can have a wide variety of career paths related to operations and decision-making. Simandhar Education has listed some of the most desired CMA Jobs in India include:

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Financial Analyst

Financial Analysts analyze the information affecting investment programs of organizations. They explore the performance of stocks, and other investments, guide businesses and individuals to make nancial decisions.

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Financial Controller

The nancial controller (FC) plays a crucial role within an accounting function of an organization. Instead of reporting to a chief nancial of cer (CFO), the nancial

organization. Instead of reporting to a chief nancial of cer (CFO), the nancial controller ensures accurate accounting operations.

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Cost Accountant

Cost accountants plan the budget, set standard costs, and suggest cost-saving opportunities for companies. This position plays a signi cant role in understanding where a company is spending its money and pro table operations.

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Chief Financial O몭cer

The chief nancial of cer (CFO) is a senior executive of cer who manages the organization’s nancial operations. These operations include tracking cash ow and analyzing the nancial statements and recommending corrective measures.

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Financial Risk Manager

Financial risk managers determine the risks by analyzing nancial markets to predict any changes or trends. It is also the responsibility of the nancial risk manager to develop strategies to counteract the effects of potential risks. In addition, CMAs can also have the opportunities to manage investments, supervise lower-level accountants, prepare nancial statements, budget, nance decisions, and more. You are still wondering why I should become a US CMA in India? Below are four distinct CMA bene ts that can give you the answer and learn more about how getting CMA certi cation will advance your career.

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Higher-income

The CMA certi cation elevates your earning potential. Based on an analysis, a certi ed CMA can earn 60% more than their non-certi ed CMAs.

certi ed CMA can earn 60% more than their non-certi ed CMAs.

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Increased skills and abilities

As a US CMA expert, you can perform better tasks and take much many more responsibilities, all of which improve your career trajectory.

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Greater Job security

With business and accounting knowledge, you can have a high-standing position in an organization for a very long time.

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Heightened Respect

With the Certi ed Management Accountant quali cation, you can excel in the business and nancial elds and receive all the attention that comes with competence.

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Global opportunities

US CMA is a global professional credential that allows work abroad and learn about international practices and business ethics.

CMA Course Details 2021 | What is US CMA, CMA …

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Eligibility criteria – US CMA in India To pursue this prestigious quali cation, candidates need to ful ll speci c prerequisites speci ed by the institution. Those who fail to meet the below requirements will not be admitted to the CMA course.

• Hold active membership with IMA. • Ful ll the CMA educational and experience requirement • Pass the CMA exam • Candidates must abide by the IMA’s Ethical Professional Practice.

CMA – Education Requirement • Passed 10+2 in India • Bachelor’s Degree or an equivalent degree from a renowned institute in a relevant eld.

• Aspirants who are pursuing graduation are also eligible for US CMA certi cation.

CMA – Experience Requirement • Candidates should have a minimum work experience of two years in either management accounting or nancial management. Working 20 hours per week can also meet the experience requirement.

• Candidates should meet experience requirements and get veri ed within seven years of passing the CMA exam.

An experience in accounting or nancial management can come in different forms. Therefore, CMA candidates need to look at the tasks they perform in their position include:

• Preparing nancial statements • Internal or external auditing • Budget preparation and reporting • Management of general ledger or balance sheets • Financial forecasting

CMA – Exam structure To become a US CMA in India, candidates must pass the CMA exam that tests their accounting, nancial planning, and business knowledge. The exam is available in two parts, and to gain CMA certi cation, candidates need to qualify for both these parts. Part 1 of the CMA exam covers nancial reporting, planning, performance, and analytics. Part 2 covers strategic nancial planning and management. Candidates can take the parts of the CMA exam in any order, but they qualify for the next one if they clear the rst part. The CMA examination registration process is valid for one testing window, hence, CMA candidates have to register again if they want to reappear for the exam.

• The CMA testing window opens in January/ February, May/ June, September/ October. Thus, candidates can book the slot of their choice and take the examination accordingly.

• The CMA examination is computer-based, each of which will be of 4 hours with 100 MCQs and two 30-minute essays.

Conclusion:

The knowledge and skills gained through the CMA course can assist accounting professionals in their practical applications in nance and help them make wise nancial decisions. As certi ed management accountants are in high demand, the job market is also constantly rising. If you think earning the CMA credential will boost your career, enroll in a CMA course with Simandhar Education and get your dream job much quicker. Want to know more about the Certi ed Management Accountant course? Get in touch with Simandhar Education, India’s Leading training provider for US CMA Course. For any queries, please mail us at info@simandhareducation.com or contact us at +91 7780273388.

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Simandhar Education Simandhar is the o몭cial partner of Becker and AICPA - Largest Training provider for US CPA, US CMA , IFRS and EA courses in India. Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry Experts. We’re here to provide you with all the help that you need in order to ace your CPA, CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CPA Exam in India. Contact us@ 91 7780273388. Hurry up !! CPA exam now in India and Simandhar Education will help you to achieve it. 

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