CERTIFIED

MANAGEMENT

ACCOUNTANT

A CMA Professional Has…

Demonstrated ability to work across the breadth and depth of the entire accounting process within organizations

Proficiency in decision-making, planning, and control functions

Agreed to maintain professional competence through annual continuing professional education

Committed to a code of ethics

How Does CMA Certification Benefit You?

Opportunity to assess and demonstrate capabilities and expand knowledge base

Distinguishes you from your peers and increases credibility and productivity

Recognition of achievement

Expanded career options and greater earning potential

CMAs earn 27% more than professionals without certification (IMA’s 18th Annual Salary Survey, June 2007)

How to Become a CMA!

• Do the following:• Complete your education requirement (BS degree)• Become a member of the IMA• Pass all four parts of the exam (skip one part if CPA)• Satisfy the experience requirement (two years)• Comply with the Standards of Ethical Conduct

• To Retain Certification:• Continuing education—30 hours per year• Maintain membership• Comply with the Standards of Ethical Conduct

CMA Exam—Content and Structure

Section Name Section Time Section Format Section Description

Business Analysis 3 hours 110 MC

Business Economics, Global Business, Internal Controls, Quantative Methods, Financial Statement Analysis

Management Accounting and Reporting

4 hours 140 MC

Budget Preparation, Cost Management, Information Management, Performance Meausurement, External Financial Reporting

Strategic Management 3 hours 110 MC

Strategic Planning, Strategic Marketing, Corporate Finance, Decision Analysis, Investment Decision Analysis

Business Applications 3 hours

3-7 written-response essays and problems

All topics from parts 1, 2, and 3, plus organization management, organization communication, behavioral issues, and ethical considerations.

*Note that Part 1 is waived if CPA exam is passed!

CMAs – Who are we?•CFO, Foundations Behavioral Health•CFO/Treasurer, First Savings Bank•Director of Finance & Accounting, Marriott International

•Director of Technical Accounting & Reporting, Microsoft

•Finance Manager, Habitat for Humanity•Financial Controller, Johnson & Johnson•Vice President of Finance, Southeast Corporate Federal Credit Union

How to Become a CPA!• Do the following:

• Complete your education requirement (depends on the state)

• Become a member of the AICPA• Pass all four parts of the exam• Satisfy the experience requirement (depends

on the state)• Comply with the Standards of Ethical Conduct

• To Retain Certification:• Continuing education—80 hours every 2years• Maintain membership• Comply with the Standards of Ethical Conduct

A QUESTION FOR THE AGES■Why CPA?

– The Ability to audit, do taxes, and prepare SEC reports– A License to KILL! … er, Audit an SEC public company– Validation of your public accounting expertise

■ Signal to the market place■ Increase earnings potential■ Increase career opportunities

■Why CMA?– The Ability to manage using finance, economics,

budgeting, analysis and decision making tools– No license involved– Validation of your management accounting expertise

■ Signal to the market place (Different from CPA!)■ Increase earnings potential■ Increase career opportunities (Different from CPA?)

CMA – CPA Comparison

CMA:• Preparer/User of

accounting information• Concept based• “Inside” corporate

professionals• Higher quality, lower

costs• Forward-looking• Player

CPA:• Auditor of accounting

information• Rule based• Public practice licensure• Attesting to the accuracy

of financial records• Historical• Referee

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