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ICMA Updates CMA Exam to Reflect Evolving Role of Management Accountants
Marc Gerrone
IMA
(201) 474-1502
mgerrone@imanet.org
Kristy Skowronski
Stern + Associates
(908) 276-4344, x-20
kskowronski@sternassociates.com
IMA
(201) 474-1502
mgerrone@imanet.org
Kristy Skowronski
Stern + Associates
(908) 276-4344, x-20
kskowronski@sternassociates.com
Montvale, N.J., March 24, 2014 – ICMA® (Institute of Certified Management Accountants), the certification division of IMA® (Institute of Management Accountants), has updated the exam for its CMA® (Certified Management Accountant) credential to include additional content related to financial reporting and strategic planning; skills that are increasingly important for management accountants as their roles evolve. These updates will take effect in January 2015 (March 2015 for the Chinese language version).
The revisions are based on a Job Analysis Study that polled CFOs, controllers and other accounting/finance professionals from around the world. The purpose of the study was to identify the in-demand knowledge, skills and tasks currently needed by management accountants. IMA conducts studies every five to seven years to ensure exam content is current, relevant and valid.
“Undoubtedly, the role of CFOs and their teams is rapidly evolving due to a variety of factors, such as technology and globalization,” said Dennis Whitney, CMA, CFM, CAE, ICMA senior vice president. “It’s essential that the CMA continues as the most relevant assessment for management accountants so that it serves professionals and enables organizations to find the most qualified talent.”
Changes will affect approximately 10 percent of the exam content. It will remain as two four-hour parts, and each part will include 100 multiple-choice questions and two 30-minute essay questions.
For more information about the CMA, and how these changes impact current CMA candidates, visit http://www.imanet.org/cma_certification/current_cma_candidates.aspx.
About IMA® (Institute of Management Accountants)
IMA®, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) program, continuing education, networking, and advocacy of the highest ethical business practices. IMA has a global network of more than 70,000 members in 120 countries and 300 professional and student chapters. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit www.imanet.org.