Friday, December 26, 2014

Do Your Personal Cma

The accounting profession sparks interest for many college students. They envision a lifetime of dealing with financial numbers and increasing their own financial worth at the same time. After graduating, some accountants choose to pursue certification as a way of developing their resume and increasing their marketability. Certification increases the accountant's promotion opportunities and salary potential. The CMA, or Certified Management Accountant designation adds credibility to the accountant's abilities. Many accounting professionals who pursue the CMA choose to study and acquire the CMA on their own.


Instructions


1. Join the IMA, or the Institute of Management Accountants. All CMA's must be members of the IMA. Access the IMA website and review the membership options. Several membership levels exist. Some offer discounts for younger members. Find the membership level that best fits your criteria and join.


2. Research CMA self-study programs. Several companies offer self-study programs for CMA candidates. These include the IMA, Gleim Publications and ExamMatrix. Review the websites for each provider to see what type of programs they offer. These programs include textbooks, videos, audio CD's, software or access to online resources.


3. Choose the best study program for you. Evaluate your own study habits. Consider whether you retain more information reading a book or listening to a lecture. Determine whether the online resources could provide value for you. Match your study habits to the various programs. Decide on the program that best fits you and order it.


4. Plan a study schedule. Set up a calendar and mark off study times. If you ordered multiple resources, such as videos and software, indicate which resource you plan to use during each study time. Include specific topics to cover during each study time.


5. Take the exam. CMA testing centers exist around the country. Locate the testing center nearest to you and schedule the exam. Prepare ahead of time by reviewing the requirements for the exam. For example, review whether or not calculators are allowed and if the testing center provides the calculator for you.


6. Provide required documentation to the IMA. The IMA requires all CMA's to work a minimum of two years and earn a bachelor's degree. After completing the exam, submit proof of your educational and work experience requirements to the IMA.