Deccan Educations Society’s
Brihan Maharashtra College of commerce, Pune -04
B.Com Strategic Finance
Integrated with US CMA (Certified Management Accountant)
US CMA is aprofessional certification in finance & accounting relevant for success in businesses. Achieving the CMA demonstrates professional expertise infinancial planning, analysis, control, decision support, and professional ethics – skills that are in demand by organizations around the world.Basically, CMAs can explain the “why” behind numbers, not just the “what”.The CMAdegree gives greater credibility, higher earning potential, and ultimately as eat at the leadership table.
CMA is offered by the IMA(Institute of Management Accountants), US, and is a globally recognized, advanced-level credential appropriate for accountants and financial professionals in business.The CMA exams comprise the following two exam parts:
· Part 1 – Financial Reporting, Planning, Performance &Control
· Part 2 – Financial Decision Making
As an integrated program, the US CMA curriculum is covered over Semesters1-4 (via5 integrated subjects) and students are encouraged to clear the 2 CMA exam in Semester 4-5 before placements. Candidates who clear the CMA exams are eligible for differential placements with top MNCs.
Why 2 exams for US CMA vs. many exams on Indian professional qualifications?
US professional qualifications mandate a university degree, and given thefact that university education covers a vast majority of the content, the professional exam only focuses on the skill-gaps which are needed for the profession. Therefore, US professional qualifications like CMA / CPA“complement”university education and have lesser number of exams.
To the contrary, Indianprofessional qualifications (like Indian CA, CMA,CS, etc.) do not require university education. Therefore, these qualificationstend to “substitute” university education and have more exam papers toencompass what a candidate would have covered (or simultaneously covers) in auniversity degree.
About the IMA(Institute of Management Accountants), Wiley and Miles Education:
IMA is presentglobally with offices in US, Europe,Middle East, China and Singapore, and members across 140+ countries. InIndia, IMA works in collaboration with Wiley(global partner for official IMA study materials) and Miles Education (IMA’s approved training provider for CMA) to help you prepare for the US CMA exams.
IMA also has a MoU with ICWAI (now Institute of CostAccountants of India) for mutual recognition of US and Indian CMA's.
IMA-Miles’ key corporate tie-ups for CMA training/placement:
· American Express
· Electronic Arts
· Johnson & Johnson
· JP Morgan
· Northern Trust
· World Bank