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CMA/CFM logo Can you help your job search by achieving the CMA designation?

The CMA credential is the professional designation for Management Accountants. The certificate provides distinction in today's economic climate and affords the opportunity to certify your expertise in the business areas that are critical to the decision making process. It shows that you possess the skills and knowledge to be an influential member of the management team.
Did you know that many of our chapter have achieved certification? In our Ann Arbor IMA Chapter (as listed in our Roster) over 71 of our members have passed the CMA exam.

Congratulations to our many members who have achieved this notable professional achievement!


Certified Management Accountant Candidates must meet the following criteria:  
(1) File an application for admission with ICMA and register for the exam
For CMA exam details and and information packet go to the IMA National web site location at www.imanet.org
 
(2) Be a member of IMA
Click this link to go to our Member Information Page.
 
(3) Pass all four parts of the exam in a three year period
The test is administered at computerized testing facilities. Prometric is the leading provider of comprehensive technology-based testing and assessment. Prometric has over 3,500 testing centers and one of their facilities is located in Ann Arbor near the Packard/Carpenter intersection - 3820 PACKARD ST, SUITE 210, ANN ARBOR, MI 48108 [Telephone number 734-477-6970 ]. Please contact Slyvan Testing Centers at 1-800-479-6370 or visit their website at http://www.prometric.com/ICMA/default.htm to find their location nearest you.
THE EXAM COST (PER PART) is noted on the IMA National webpage www.imanet.org Please note prices are for each exam part.
 
(4) Satisfy the CMA experience requirement
Candidates for the CMA or CFM Certificate must complete two 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. The experience requirement is set forth on the IMA national webpage at www.imanet.org
 
(5) Comply with the standards of ethical conduct
Members of IMA have an obligation to the public, their profession, the organizations they serve, and themselves, to maintain the highest standards of ethical conduct. In recognition of this obligation, the IMA has promulgated the the "Standards of Ethical Conduct for Members" which includes STANDARDS OF ETHICAL CONDUCT FOR MEMBERS, COMPETENCE, CONFIDENTIALITY, INTEGRITY, OBJECTIVITY, and RESOLUTION OF ETHICAL CONFLICT. The Ethical standards are summarized on the National IMA webpage www.imanet.org

Industry salary surveys have shown that a certified professional earns approximately 22% more than a non-certified professional.Individuals who hold any kind of accounting certification earn more than those with no certification (average salary, $97,220 vs. $79,292; average total compensation, $113,561 vs. $89,132), and this difference in compensation by certification is statistically significant. -Institute of Management Accountants, Inc.

CMA & CFM Testimonials
 
Ann Arbor Member and Past Chapter President, Gerald L. Page, CMA
"Education has always been important to me. I was 34 years old before I finished my first formal education in accounting - M.S. in Accounting. Job progression was satisfactory but over time I became acquainted with the IMA (then the MAA) for the certification. Needless to say it took a second pass at the exams to pass all 5 parts. In March of 1981 I received certificate #2360 from the M.A.A. - at the surprisingly young age of 45.
Job opportunities began to open up resulting in progression until my final job position as VP, CFO of a health care company. Not only did job satisfaction increase with each progression, but so did salary. In the 16 years I had the CMA my salary tripled.
So do I think the CMA and CFM are important? When I became President of the Ann Arbor Chapter, our leadership team was able to institute Chapter-supported IMA review courses.
If I could complete the exam at age 45, all you youngsters out there have a tremendous potential to reach your goals if you add the CMA and/or the CFM to your tool kit.
Remember this one thing: Education! Education! Application!"
May 15, 2003
Gerald L. Page, CMA

 
Ann Arbor Member and Past Chapter President, Chris Mishler, CMA
"The CMA raised my pay! When I passed the exam, my boss gave me a 6% pay increase when the most anyone else got was 3%. He said the boost was due to my passing the exam and the expected benefit to the company as a result."
Chris Mishler, CMA

 
Ann Arbor Member Mary E. Bajcz, CMA
"I took the first three parts of the test when it was a written test and the financial statements part at a Prometric Learning Center. I think the test was three hours and a very intense experience, but doable."
Mary E. Bajcz

 
Ann Arbor Member Clarke Macy, CMA, CFM - AT&T ACUS
"I took all the exams at the Prometric/Prometric location in Lansing as it's smaller and easier to get scheduled there than some other test sites. I've used the Gleim books to prepare for all parts of the CMA and CFM tests. I also used Micromash to prepare for 3 of the parts, and I attended one review course offered by the Jackson/Ann Arbor IMA chapters.
Time management during the tests is critical. One approach is to first answer only the quot;easy" questions, while skipping all others. If you can answer about 70 questions in 60 to 70 minutes, then you have 110 to 120 minutes to answer the remaining 40 questions. This way you see all 110 questions in the first hour, and can better gauge how to spend your time. Practice is the key to being well prepared!"
Clarke Macy, CMA, CFM


Recent Member Certifications
 
Congratulations to these Ann Arbor members who have achieved their certificates this past year:
  Greg R. Gotham CMA
  Christopher L. Johnson CMA
  Karen M. Keiser CMA
  Joanna M. Middleditch CMA
  Joe Musso CMA
  Jacqueline R. Varblow CMA

CMA Exam Reimbursement May Be Available to Veterans
 
GI Bill recipients and other veterans may be eligible for reimbursement by the Veterans Administration when they take the CMA certification exam. Those eligible for the Montgomery GI Bill, VEAP or Dependents Educational Assistance may receive reimbursement for licensing and certification tests taken on or after March 1, 2001. Visit the GI Bill website at http://www.gibill.va.gov for more information.

 
Preparing for the Exams
 
Exam Part CMA Exam Topic
CMA Part 1 Business Analysis
CMA Part 2

Management Accounting and Reporting

CMA Part 3
Strategic Management
CMA Part 4

Business Applications

 
Information on reading suggestions, fees, schedules, prior exam questions, and review courses can be requested from Bill Ebright at 734-677-0454 or by email bebright@psmicorp.com.
 
After earning the certificate the CMA must:
  1. Satisfy continuing education requirements,
  2. Comply with the standards of ethical conduct, and
  3. Maintain membership in the IMA.

NEW! CMA REVIEW COURSE OFFERED BY CLEARY UNIVERSITY!
Cleary University offers CMA review courses. To see the program, please visit http://www.cleary.edu/cma

 
Study Guide Materials
 
CMA Resource Guide Available: The CMA Resource Guide is a 70-plus page, soft-cover book intended to familiarize candidates with the test-taking process and the types of questions on the exam. The guide includes an explanation of the test development, scoring processes, test-taking strategies, an annotated content specification with suggested textbook references, and sample questions for each part. The guide is not an all-inclusive resource for preparing for the exams, but should be of great help to certification candidates. The CMA Resource Guide is $15 plus postage and handling. To order this publication, please call Joel Pirard, 800-638-4427, ext. 278 or e-mail jpirard@imanet.org
 
Gleim CMA Review materials: Gleim's Certified Management Accountant (CMA) books, software, and audios are available through their website. For more information about Gleim's CMA Review materials visit http://www.gleim.com/Accounting/CMA/?chapters
 
Other CMA review resources: In addition to the above CMA Exam review guide, a number of other non-affiliated organizations sell review materials:
http://www.cmacourses.com
http://www.beckerconviser.com
http://www.rigoscma.org
http://www.tutorialgroup.com
http://www.rigos.net/
http://www.wiseguides.com
http:// www.yaegerhomestudy.com


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This page updated: 3/30/2008