Skip to Main Content

CMA Connection

Registration Now Open for New CSCA Credential

As a CMA® (Certified Management Accountant), you know that you provide valuable strategic insight to help guide your organization in decision making. Consider further developing those skills by earning the new CSCA (Certified in Strategy and Competitive Analysis) certification, part of an initiative by IMA® (Institute of Management Accountants) to offer supplemental credentials to fill certified members’ need for continuous career growth. Registration for the CSCA program – which is available exclusively to CMAs and/or CFMs – is now open, with the exam being offered during the months of March and September, beginning on September 1, 2017.

The first in an upcoming series of specialty credentials, the CSCA certification builds on planning, analysis, risk management, decision support, and performance management skills by strengthening an individual’s knowledge base in the specific discipline of strategic planning. Holders of the certification will be more equipped to drive strategic planning, enable innovation, build resilient financial plans, and manage risk to help their organizations sustain a competitive advantage.

Said Dennis Whitney, CMA, CAE, ICMA senior vice president, certifications, exams and content integration, “This new credentialing program will offer our CMAs numerous benefits, including improved career prospects, better perceived value in the marketplace, and greater competence in specialized areas. These specialty credentials are consistent with the missions of IMA and ICMA – which are educating and certifying the world’s best management accountants.”

The three-hour CSCA exam consists of 60 multiple-choice questions and one case study. It will be administered in a computer-based testing format and offered at Prometric Testing Centers located throughout the world. Please note: Candidates won’t receive immediate pass/fail results because the case will be graded offline by graders. To be eligible to take the CSCA exam, you must be a CMA or CFM® (Certified Financial Manager). To be certified, you need to pass the CSCA exam and maintain Active status as a CMA or CFM.

To help those preparing for the new exam, IMA has developed its Strategy and Competitive Analysis Learning Series™, which is available to all CSCA candidates. These five engaging online self-study courses have been designed to present the topics covered on the CSCA exam, including strategy development, competitive analysis, strategy implementation, and performance evaluation. In addition, these fully narrated courses include interactive exercises, knowledge check questions, and outside readings to deepen understanding of important concepts.

Candidates who successfully complete each course, including a final assessment, can earn NASBA-approved CPE credits, up to a total of 21 credits for all five courses.

As an added benefit, IMA’s Strategy and Competitive Analysis Learning Series also features a question bank with CSCA exam-style multiple-choice and case-study questions. The multiple-choice questions are presented in randomized groupings, and over time, more practice questions will be added to the question bank to help course takers self-assess comprehension.

Candidates are also advised to review the CSCA Reading List, which has numerous resources that provide in-depth explanations of the body of knowledge. This List includes management accounting and finance textbooks and IMA Statements on Management Accounting that can be used to develop a personalized preparation plan. In addition, the CSCA Resource Guide complements the recommended strategy textbooks. Check the Resource Guide to easily find the relevant chapters that cover the material in each section of the exam’s Content Specification Outline.

For an in-depth description of the topics covered on the exam, please visit the complete CSCA Content Specification Outline at http://bit.ly/2oDP6lF. For more information on the CSCA program, please visit imanet.org/csca.
_satellite.pageBottom();