CMA Program
The CMA, or Certified Management Accountant, is a professional certification denoting expertise in financial and managerial accounting.
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About the Program
The CMA, or Certified Management Accountant, is a professional certification denoting expertise in financial and managerial accounting. It is conferred by the Institute of Management Accountants (IMA), headquartered in the United States.
The IMA’s mission revolves around empowering accountants and financial management professionals to elevate their capabilities, making it one of the world’s most prominent and trustworthy organizations dedicated to the management accounting discipline.
To advance the profession, the IMA actively supports it through comprehensive research initiatives and the esteemed Certified Management Accountant program. The institute also places a strong emphasis on upholding the highest standards of professional ethics.
With a global reach, the IMA boasts a membership of 72,000 professionals hailing from 140 different countries, making it a truly international organization.
Why CMA Program?
The CMA (Certified Management Accountant) certification represents a significant initial step into the world of finance and management. It is widely recognized and highly sought after by organizations globally, particularly in the Middle East.
Earning the CMA designation grants you membership in the Institute of Management Accountants (IMA), one of the world’s largest international accounting societies.
With CMA certification, you gain international recognition as a management accountant, allowing you to work in any country across the globe.
This certification significantly enhances your skills and professional competence in both management accounting and financial management. It opens doors to improved job opportunities and the potential for high-ranking positions in the accounting field, setting you apart from other candidates.
A CMA designation earns you respect and appreciation, setting you apart within your organization. It’s often regarded as equivalent to a master’s or a PhD in the academic field, establishing a strong social standing.
The CMA certification fosters self-confidence and equips you to excel in diverse work environments through the wealth of knowledge and professional experience it imparts.
For graduates from the Arabic section of the Faculty of Commerce, it can bolster English language skills and bolster self-assuredness.
Earning the CMA designation transforms your thinking, both within and beyond the workplace, as a result of the knowledge you acquire.
Your ability to engage in meaningful discussions and interactions with others will be elevated due to the depth of knowledge you attain.
It’s important to note that CMA holders often enjoy higher salaries, further reinforcing the value of this prestigious certification.
Jobs for a CMA certificate holder
- Preparing financial statements (income statement, balance sheet statement and cash flow statement)
- Issuing the company’s periodic accounting reports
- Drafting the accounting administrative decision
- Managing the company’s accounting resources
- Managing the company’s accounting risks
- Managing and organizing the accounting performance of the company
- Identifying investment management opportunities
- Assessing investments and risks
- Helping the company in making decisions
- Developing strategies to improve the company’s performance
- Presenting ideas to senior management
- Supervising accountants from the lowest level
Membership fees and exam
| Total CMA Exam Costs | ||||
|---|---|---|---|---|
| Membership Type | Membership Fee | Entrance Fee | Exam Fee | Total Cost |
| Professional | $295 | $300 | $990 | $1,585 |
| Academic | $160 | $225 | $740 | $1,125 |
| Student | $49 | $225 | $740 | $1,014 |
Scholarship Requirements
The scholarship is a one-time opportunity, applicable to both exam parts, and it doesn’t involve any registration fees.
The scholarship spans a period of 3 years, and students are permitted a single attempt at the exam during this time.
Each university is limited to recommending a maximum of 10 students for the scholarship, making it a competitive admission process. The specific criteria for recommendation can be established by the university’s responsible professor to manage the high volume of applicants.
Eligible candidates must be in either their third or fourth year of undergraduate studies. Graduates can apply if they are pursuing a master’s degree.
Applications for the scholarship are accepted from September 1st through May, or until the available slots are filled.
