Certified Management Accountant certification from the Institute of Management Accountants is a professional credential in advanced financial management and management accounting.
It certifies that the individual is knowledgeable in areas such as financial analysis, financial planning, financial control, professional ethics, and decision support – skills that are in high demand among financial professionals around the world.
Here are 5 reasons why you should take this financial management and management accounting course.
The CMA is a highly valued term in the world of management accounting. This is because it signifies that the individual has important accounting and financial management skills that are vital to the success of a business.
Credibly the Most Global Management Accounting Certification
The CMA certification is the most popular management accounting certification worldwide. Most CMAs are located in the United Kingdom, with some in Europe and Commonwealth countries.
Although the number of CMAs in the U.S. is smaller, certification is well known in the U.S. and other rapidly developing regions such as the Middle East and China. Nearly half of the new CMAs are from the Middle East (Egypt, UAE, Jordan, and Saudi Arabia) and about a quarter are from India and China (Asia-Pacific).
CMAs Are Well Paid
CMA certification helps candidates get better-paying jobs. A comprehensive study by IMA says CMAs earn 1/3 more than their non-certified counterparts. Top companies such as 3M, Bank of America, Caterpillar, AT &T, Boeing, Verizon, ConAgra, Hewlett-Packard, Alcoa, Cargill, Johnson & Johnson, Procter & Gamble, Saudi Aramco, KeyCorp, Whirlpool, Microsoft and Xerox have CMAs in their key positions:
CMA Skills are More Practical
Several industry journals have shown that 80% of accountants opted for non-public accounting. These professionals find the management accounting skill and knowledge more useful, practical and interesting in their day-to-day work.
IMA makes it Easy
IMA the CMA exam is simple, concise and clearly structured for applicants. It offers the exam in hundreds of locations worldwide and openly welcomes international candidates. That doesn’t mean it’s easy to earn the degree, but it does mean that the entire process is made as smooth as possible by IMA.
This helps candidates focus on passing the exam and gaining experience, rather than dealing with the conflicting rules and bureaucracy of various state boards.