BBA– Strategic Finance Integrated with US CMA (Certified Management Accountant)
US CMA is a professional certification in finance & accounting relevant for success in businesses. Achieving the CMA demonstrates professional expertise in financial 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 CMA degree gives greater credibility, higher earning potential, and ultimately a seat 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 Semesters 1-4 (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 the fact 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 qualifications tend to “substitute” university education and have more exam papers to encompass what a candidate would have covered (or simultaneously covers) in a university degree.
About the IMA (Institute of Management Accountants), Wiley and Miles Education:
IMA is present globally with offices in US, Europe, Middle East, China and Singapore, and members across 140+ countries. In India, 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.