No, yet you are not Certified…

Now as you have passed your CMA exams, you are just one step away from your dreamed designation of Certified Management Accountant. Candidates for the CMA Certification must complete 2 continuous years of professional experience in management accounting and/or financial management. This requirement may be completed prior to or within seven years of passing the examination.

Teaching can meet this requirement if at least 60% of their course load is in accounting and corporate financial management courses above the principles level. Professional experience is expected to be gained in full-time employment. However, continuous part-time positions of 20 hours per week meeting the definition of qualified experience will count toward this requirement at a rate of one year of experience for every two years of part-time employment.

Qualifying experience consists of positions requiring judgments regularly made employing the principles of management accounting and financial management. Such employment includes:

• Budget preparation & reporting

• Manage general ledger and balance sheets

• Preparation of financial statements

• Financial planning & analysis

• Risk evaluation

• Monthly, quarterly, and year-end close

• Auditing (external or internal)

• Forecasting

• Company investment decision-making

• Costing analysis

Employment requiring the occasional application of management accounting principles such as in computer operations, sales and marketing, manufacturing, engineering, personnel, and general management will not satisfy this requirement. Internships and trainee, clerical, or non-technical positions do not provideappropriate experience to fulfill this requirement.

Lastly, 30 hours of continuing experience (CPE) with compulsory 2 hours in areas of Ethics; is required annually to maintain CMA designation .

 

Wish you a great career in Management Accounting. Follow me for career and industry related updates at Twitter. In case of queries, tweet or comment.

 

Source: IMA USA

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