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Tuesday, February 27, 2007

Certification Info: Certified Management Accountant (CMA)

CPA is one of the widely-recognized accounting certifications. The problem is that the educational and experience requirements for CPA are pretty stringent in many states. In addition, not every one wants to become a public accountant. Fortunately, there are many other good certifications in accounting field apart from CPA. One of them is Certified Management Accountant or CMA, although personally, I believe CPA is more beneficial from career advancement perspective.

The certification is offered by the Institute of Management Accountant (IMA) and requires passing four parts in the areas of Business Analysis (Part I), Management Accounting and Reporting (Part II), Strategic Management (Part III )and Business Applications (Part IV). People who already have CPA or certain other specified accounting certifications, can get waiver on Part I.

A passing score of 70% is required on each part. The exam is completely online and can be taken any time during the year at various exam centers. The cost of the exam is about $500 although students can get up to 50% discount. For more information, check out the following links:

IMA: General Info

CMA Exam Format

Salary Survey

Certification FAQs

For posts on other certifications, check out the following links:

CPA

CIA

Enrolled Agent

CFA

CISA

posted by Ruby @ 6:40 AM

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