How To Get Certified As A Certified Management Accountant (CMA)
Submitted by: TigerEye
The business world needs those who are qualified as Certified Management Accountants. If it is your goal to become a CMA you can begin this career by studying this article and learning the basics.
The first stop on the road to being a CMA is to get involved. To take the exam, you can start with the group known as the Institute of Management Accountants. They do require dues to be paid and they are about $195 dollars every year. There are some price breaks if you qualify. If you are student that is taking at least six hours of schooling per semester, you will only have to pay thirty nine dollars. There is a price break if you are in the younger crowd. This means that if you are under the age of thirty two you will only have to pay $130 dollars.
You will need to pay an exam entrance fee. This is two hundred dollars for a regular member but only seventy five dollars for students who are members. If that seems steep, it gives you access to other helpful items, such as support materials and resources. You will be able to use the CMA assessment tool for six months after paying the fee. There are reports, books of sample questions ( and answers ), internet access to the CMA resource guide and other tools to help you on your way to your CMA certification. You also are given access to a networking system that joins you to your fellow associates that are on their way to getting certified.
The CMA exam itself is done in four parts. The initial section is about financial reporting and accounting. It will last four hours and have the form of a multiple choice exam. You will be tested on your abilities and knowledge of basic accounting principles of specific groups. The second section is on attestation and auditing. It is four and a half hours and also has a multiple choice format. This second part covers accounting procedures and standards. The third section deals with regulations and is in the multiple choice format. It is around three hours and has to do with federal taxation, moral obligations, responsibilities and law. The last section deals with business environment and concepts.
There are multiple places online to start with your plans on certification. Where you start is as important as finishing. Some schools have a higher rate of having their students approved and certified. These schools are the University of Rochester ( number one on the list ), Columbia University, Rice University, Harvard University, Boston University, the University of Arkansas at Fayetteville, the University of North Carolina at Charlotte, the University of Illinois at Urbana, the Chinese University at Hong Kong, Washington University at Saint Louis and Cornell University. These are the top ten schools to be approved for certification.
As with any major certification you will need to be professional and possess high standards. The accounting world needs those who are honest and will not "cook the books" for those who will increase your pay ( read; bribe ). Be a good example in the world of business and make your positive mark on society.
CMA certification requirements.
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Word Count: 540 Date: Wed, 13 Jan 2010 Time: 6:19 AM
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