BERKELEY SCHOOL OF BUSINESS, ARTS & SCIENCES

Overview

The Certified Management Accountant online course provides flexible preparation in financial planning, performance management, corporate finance, and strategic decision-making. First, candidates learn how to prepare budgets, manage costs, assess performance, and interpret financial statements. They also study internal controls, technology, analytics, corporate finance, risk management, investment decisions, and professional ethics. In addition, the program connects accounting knowledge with business strategy. Therefore, it suits professionals who want to support management decisions and progress into senior finance roles. Unlike qualifications that focus mainly on compliance and reporting, this certification emphasizes organizational value creation. As a result, successful candidates can pursue opportunities in management accounting, financial planning and analysis, corporate finance, financial control, and business leadership.

Offered by

IMA (Institute of Management Accountants, USA) is the leading global association for management accounting professionals.

Head office

The head office is located in Montvale, New Jersey, USA.

Members

With over 140,000 members, IMA USA is a prominent professional association for management accountants worldwide.

Vision & Mission

The Institute of Management Accountants (IMA) envisions being the leading resource for developing, certifying, connecting, and supporting the world’s best accountants and financial professionals in business. In addition, its mission is to empower accounting and finance professionals to strengthen organizations and drive value creation through the highest standards of integrity, innovation, and expertise.

What is the Eligibility?

Anyone who has completed a bachelor’s degree from an accredited college or university or pursuing his/her degree is eligible to sit for the Certified Management Accountant Exam.
Please note that ACCA members do not need to be graduate in order to get their Certified Management Accountant designations.

Who can do?

anyone who is interested to learn about following concepts can pursue CMA USA – Certified Management Accountant:

Financial Reporting, Cost Management, Performance Management, Planning, Budgeting, and Forecasting, Internal Controls, Corporate Finance, Decision Analysis, Investment Decisions, Ethics in Accounting, Financial Statement Analysis, Global Financial Management, Professional Ethics and Responsibilities, Technology and Analytics.

individuals with the following designations:

Management Accountants, Financial Analysts, Controllers, Cost Accountants, Finance Managers, Corporate Finance Professionals, Internal Auditors, Accounting Consultants, Strategic Planners, Entrepreneurs and Business Owners, Academics and Educators, CPA Holders, Financial Controllers.

Course structure

Certified Management Accountant (USA) consists of two parts, each focusing on specific knowledge areas. Here's a breakdown of the Certified Management Accountant USA course structure:

Session 1: Financial Planning, Performance & Analytics

It provides candidates with the essential tools to manage financial planning, analyze organizational performance, and apply analytical methods to improve decision-making. Mastery of these concepts helps professionals optimize financial performance and support business objectives.

Session 2: Strategic Financial Management

This section is designed to equip candidates with the skills necessary to make informed financial decisions that align with an organization’s long-term goals, optimize performance, and manage financial risks effectively.

Lecture plan

Part 1: Financial Planning, Performance & Analytics

It covers the following topics and units:

External Financial Reporting Decisions 15% (6)

External Financial Statements and Revenue Recognition

Measurement, Valuation & Disclosure: Investments & Short-Term Items

Measurement, Valuation and Disclosure: Long-Term Items

Measurement, Valuation and Disclosure: Liabilities

Revenue and Impairment Recognition

Integrated Reporting

Cost Management 15% (5)

Cost Management Concepts

Cost Accumulation Systems

Cost Allocation Techniques

Supply Chain Management

Business Process Improvement

Planning, Budgeting and Forecasting 20% (3)

Analysis, Forecasting and Strategy

Budgeting – Concepts, Methodologies and Preparation

Budgeting – Calculations and Pro Forma Financial Statements

Performance Management 20% (2)

Cost and Variance Measures

Responsibility Accounting and Performance Measures

Internal Controls 15% (2)

Internal Controls – Corporate Governance

Internal Controls – Controls and Security Measures

Technology and Analytics 15% (2)

Information Systems and Data Governance

Systems Development and Data Analytics

Part 2: Strategic Financial Management

It covers the following topics and units:

Financial Statement Analysis 20% (3)

Liquidity, Solvency, and Leverage Ratios

Profitability and Per-Share Ratios

Activity Ratios and Special Issues

Investment Decisions 10% (1)

Investment Decisions

Corporate Finance 20% (5)

Types of Securities

Financial Markets and Financing

Valuation Methods and Cost of Capital

Working Capital Management

Corporate Restructuring, International Trade, and Exchange Rates

Decision Analysis 25% (3)

CVP Analysis

Marginal Analysis

Pricing Analysis

Risk Management 10% (1)

Risk Management

Professional Ethics 15% (2)

Ethical Considerations for Management

Ethical Considerations for Organization

Instructors

Musa Shaikh

An internationally recognized academic and executive educator known for his impact on professional development, higher education, and leadership training across the UAE, Saudi Arabia, the UK, and the USA. With a distinguished career in academia and industry, he has taught and mentored thousands of students and executives, shaping future financial leaders and decision-makers.

View detailed profile

Learning Methodology

Berkeley offers expertly developed learning materials tailored to meet participants' needs, ensuring comprehensive coverage of the syllabus and optimal exam preparation.

‣ Tailored Material: Guides are designed to cover the entire syllabus, offering full preparation and deep understanding.
‣ In-Depth Content: Unlike superficial outlines, our materials provide fully developed theories and concepts, equipping participants with complete knowledge.
‣ Strategic Study: We help participants prioritize study time by indicating the weight of each topic, allowing efficient focus on crucial areas.
‣ Difficulty Levels: Topics are labeled as "Awareness" or "Proficiency," guiding participants to allocate time based on the required depth of knowledge.
‣ Comprehensive Coverage: Our materials include detailed theory and a glossary of technical terms to clarify complex concepts.
‣ Effective Learning Techniques: Visual aids and memorization techniques ensure long-lasting retention, helping candidates succeed.

Berkeley’s methodologies equip participants with the essential knowledge and tools for both exams and future success.

Lectures

Our lecture plan integrates structured learning with interactive teaching methods, promoting engagement and collaboration. This approach ensures a comprehensive understanding of concepts, fostering critical thinking and practical application in real-world scenarios

Practice Session

Practice sessions offer hands-on experience through guided exercises, enhancing skills and reinforcing knowledge. This practical approach ensures mastery of concepts, promoting confidence and competence in real-world applications

Mock Examination

Mock examinations simulate real test conditions, providing valuable practice and assessment. This helps identify strengths and weaknesses, ensuring thorough preparation and boosting confidence for actual exams

Berkeley's performance standards

Evaluates and ensure the quality of the training program and all its deliverables. This is measured through the following indicators:
‣ Instructors' experience and style in presenting and explaining topics.
‣ Variety and balance of teaching methods (such as discussions, case studies, mock exams and videos) used in the course to ensure retention and to match the learning objectives.
‣ Level of interactivity.
‣ Feedback from program participants
‣ Full compliance with Institute standards and guidelines for preparation and study requirements and methodology.
‣ Progress reports from the training program provider.

What are the Exam Information?

Exam Part	Assessment Format	Duration
Part 1: Financial Planning, Performance and Analytics	100 multiple-choice questions and two essay questions	4 hours
Part 2: Strategic Financial Management	100 multiple-choice questions and two essay questions	4 hours

Exam Format & Duration

* Computer-Based Exams

Part/Module	Exam format	Exam duration
Session 1: Financial Planning, Performance & Analytics	100 Multiple-Choice Questions and Two Essay Questions	4 hours
Session 2: Strategic Financial Management	100 Multiple-Choice Questions and Two Essay Questions	4 hours

EXAM DATES

Exams are offered in yearly 3 exam windows:

• January – February
• May – June
• September – October

Any date in these months you can choose based on your time management.

Passing Criteria

Exams are scaled, based on their respective difficulty, to scores ranging from 0 to 500 to maintain uniformity and consistency regardless of the number of items present on your particular test form.You need a 360 to pass, but note that, because of statistical equating, a scaled score of 360 does not necessarily convert to a 72%. A candidate with a more difficult test might only score 68% of the total points available and still wind up with a passing scaled score of 360.

EXAM LOCATIONS

The (Certified Management Accountant) USA exam, administered by the Institute of Management Accountants (IMA), is offered at various Prometric testing centers worldwide. Candidates can select their preferred exam location during registration, making it convenient to sit for the exam in their home country or region.

Bahrain

India

Jordan

Saudi Arabia

Brazil

Ireland

Kuwait

Scotland

Egypt

Israel

Lebanon

South Korea

England

Japan

Nepal

United Arab Emirates

Germany

Success Stories

“As a strong advocate for education and human development, I commend Berkeley for its exceptional commitment to empowering future leaders. The institution stands as a symbol of excellence, innovation, and opportunity. Students who walk its halls are nurtured with knowledge, values, and vision—qualities that contribute to building a stronger and more prosperous future for our nation.”- H.H. Shaikh Khalifa Al Hamid

Visit our Alumni

Alumni Benefits
‣ Exclusive Networking Events: Access invitations to industry-leading events and thought-leadership gatherings featuring renowned speakers.

‣ Monthly Updates: Stay informed with a newsletter highlighting the latest research, events, and activities from the school.

‣ LinkedIn Community Access: Join the Executive Education LinkedIn group for networking and professional development opportunities.

‣ Educational Discounts: Enjoy a 20% discount on open-enrollment programs and access to workshops focused on emerging trends.

‣ Global Alumni Network: Connect with a diverse alumni community through the Berkeley School’s online network and engage in country and interest groups.

Certified Management Accountant Salary: Is It Worth the Investment?

Globally, CMAs earn 21% more than those without certification (and in some regions, they earn up to 43% more). IMA’s Salary Surveys measure several factors: members’ base salary, total compensation, impact of the CMA, and job satisfaction.

Management Accountant Salary Key Insights*
19% higher median salary for certified professionals aged 27–42 compared with noncertified peers.

21% higher median annual compensation for credential holders compared with noncertified peers.

83% of surveyed professionals agreed that the certification improved their professional confidence.

Here are the average salaries for Certified Management Accountants:
USA: $110,000 (20% increase)
India: 2,175,000 INR (60% increase)
Saudi Arabia: 200,373 SAR (70% increase)
UAE: 250,394 AED (70% increase)

what you earn

You will get a certificate of completion, which is highly reputed and accepted by employers.

Global Recognition

Earn a certification recognized worldwide, enhancing your professional reputation and career opportunities.

Career Advancement

Complete this management accounting certification course to strengthen your credentials for senior finance, strategy, and leadership roles.

Comprehensive Curriculum

Gain in-depth knowledge in financial management, strategic planning, and analysis.

Professional Development

Access resources and networking opportunities that support ongoing career growth and learning.

Increased Earning Potential

Leverage the Certified Management Accountant credential to increase your earning potential and professional standing.

Related courses

CIMA - Chartered Institute of Management Accountants

The CIMA qualification is a globally recognized certification in management accounting, focusing on business strategy, performance management, and financial decision-making.

The Financial and Managerial Accounting Associate (FMAA) certification is offered by the Institute of Management Accountants (IMA), a leading global association dedicated to advancing the management accounting profession.

FAQ: CMA USA – Certified Management Accountant

What is the CMA USA certification?

The CMA USA (Certified Management Accountant) is a professional certification awarded by the Institute of Management Accountants (IMA) in the United States. It focuses on financial management and management accounting skills, including planning, analysis, control, and decision-making. The certification is globally recognized and prepares professionals for roles in corporate finance and management.

What job opportunities are available after earning the CMA USA certification?

With a CMA USA certification, you can pursue roles such as: Financial Analyst, Corporate Controller, Cost Accountant, Chief Financial Officer (CFO), Finance Manager. The certification is highly valued in industries such as manufacturing, finance, technology, healthcare, and consulting, providing career advancement opportunities in management accounting and finance.

Is there a continuing education requirement for CMA USA holders?

Can I take the CMA exam while still pursuing my degree?

What are the benefits of obtaining the CMA certification?

Career Advancement: It opens up roles in management accounting and financial management.
Higher Earning Potential: CMAs typically earn more than non-certified peers.
Global Recognition: It is valued in industries worldwide.
Leadership Opportunities: It positions professionals for senior finance roles.
Broader Skillset: The CMA exam covers areas like financial reporting, planning, performance management, and decision analysis.

How long does it take to complete the CMA certification?

What kind of jobs can a CMA do?

Is the CMA certification recognized internationally?

What is the difference between CMA and CPA?

Can I retake the CMA exam if I fail?

Can I take the CMA exam remotely?

Do I have to take parts 1 and 2 in this order, and do I have to take them together?

What if I don’t complete the exam in three years?

CMA USA – Certified Management Accountant

The (Certified Management Accountant) USA, awarded by IMA, is a premier certification for management accountants, focusing on financial planning and strategic decision-making.