How Do I Prepare for the Certified Management Accounting Exam?

CMA certification is a professional certification system established by the Institute of Management Accountants (IMA) established in 1919. It is currently the world's authoritative certification for the field of management accounting and financial management. The Certified Management Accountant (CMA), together with the Certified Public Accountant (AICPA) and Financial Analyst (CFA), is known as the three major international certifications in the field of US accounting.

Basic Information

Chinese name

Management Accountant Exam

certification

IMA

Start time

1919

Category

qualification exam

CMA is one of the three gold certifications in the field of international accounting.

The purpose of CMA certification is to cultivate the breadth of knowledge of management accountants and financial managers, so that they can predict business needs and participate in strategic decision-making. And the content of the exam contains a range of knowledge that reflects the capabilities of management accountants and financial managers in today's business environment. The CMA exam covers almost all MBA programs, and preparing for the exam is likened to a Mini-MBA Program. Therefore, obtaining the CMA qualification not only represents that it has complete knowledge in accounting and finance-related fields, but also demonstrates that it has a high degree of professional standards and ability to analyze the internal financial statements of the enterprise, assist the management authority to grasp the situation, participate in financial management and formulate future strategies and implementation.

China currently requires as many as 3 million management accounting personnel. The development of CMA in China is growing rapidly at a multiple of more than 1,000 people each year. In the next 3-5 years, the number of CMA in China will reach 3W-4W.

CIMA is the world's largest management accountant examination, management and certification body. It is also one of the founding members of the International Federation of Accountants (IFAC). It currently has 150,000 members and trainees in 156 countries. Founded in 1919, CIMA is headquartered in London, England, and has branches or liaison offices in Australia, New Zealand, Ireland, Sri Lanka, South Africa, Zambia, India, Malaysia, Singapore and other countries, as well as Hong Kong and mainland China.

CIMA qualification enjoys a reputation of nearly 100 years in the international business community. World-renowned multinational companies, such as Unilever, Shell, Ford, etc., are highly respected for it. In addition to recruiting CIMA members, they regularly send employees to participate in CIMA training courses. CIMA qualification is different from general accounting certification. It is based on accounting and covers all aspects of business knowledge and skills in management, strategy, marketing, human resources, and information systems. CIMA members are not only proficient in finance but also good at management. In addition to serving as chief financial officer and CFO in the enterprise, many members have become general managers and CEOs of multinational companies.