Why Become a CMA: 5 Tangible Benefits for Your Accounting Career

A Certified Management Accountant (CMA) is a professional with in-depth knowledge of the intricate elements of accounting. Their versatility and expertise offer phenomenal benefits to the organization. That is why most of the companies prefer candidates with CMA certification in Dubai. It is important to undergo the CMA course at a proficient academy. For that is not a simple thing to qualify this specialized course.

A sea of opportunities awaits those who have qualified for the CMA courses in Dubai. Some of the career options available for CMA-qualified candidates are:

  • Senior Accountant
  • Accounts Controller
  • Budget Analyst and Planner
  • Financial Officer
  • Auditor
  • Chief Financial Controller
  • Chief Finance Officer
  • Treasure
  • Chief Accountant

5 Benefits of Becoming a CMA

Let’s see the top 5 benefits of becoming a CMA:

  1. CMA qualification simply reflects the skill and knowledge you possess. Considered the gold standard in management accounting, the CMA certification will keep you above the other candidates. Having this qualification will ease your entry into the elite business organizations in the world.
  2. The qualification you earn with the CMA course will enable you to earn a job anywhere in the world. Earlier recognized only by the top entities in the UK and the US, the CMA certification nowadays is recognized by almost all the developed and developing countries. Hence, you will have boundless opportunities once you have earned certification after the CMA course in Dubai.
  3. The CMA certification will offer you high-paying jobs. Income is of paramount importance after all. The initial salary of a CMA-qualified professional itself is higher than a non-qualified one. Expected to be high-performer, the companies offer highly responsible jobs to those with CMA certification in Dubai and other regions around the globe.
  4. Practical skills and a pragmatic attitude make CMA professionals different from others. They know how to go about a specific plan. Instituting corrective measures, to prevent any stalemate or complications. Organizations also know about these characteristics that are ensured by CMA courses in Dubai and other places. This approach is helpful for companies to garner better growth and improve productivity. Instead of getting confused when something unforeseen occurs, the CMA course qualified professionals will brainstorm and find the best way forward.
  5. The CMA course conducted by IMA is comprehensive in nature. It considers all the aspects related to management and accounting. Therefore, the professionals will be able to function both as management experts and accounting professionals. Further, the course is simple and straight for those passionate to qualify without any hassle.

CMA course in Dubai is the right step towards a promising career. You may check out the course details and decide upon joining the course. For more info, you may drop us a message.

Certified Management Accountant (CMA): All You Need to Know

Certified Management Accountant, abbreviated as CMA, is a distinctive professional certificate which is awarded by the Institute of Management Accountants (IMA). In order to attain this certification, CMA candidates need to demonstrate ability in financial planning, financial analysis, organizational decision support, and professional ethics. Once it is done, then they are competent accounting professionals who are suitable for various rewarding roles and positions that necessitate these advanced financial management skills. Professionals with CMA certification can work in corporate financial accounting and strategic management. CMAs also specialize in management and executive-level duties. They are also responsible for analyzing budgets and assisting companies in making conversant strategic business decisions.

CMA Requirements

It is very important that the prospective CMA candidates follow the regulations set by the IMA. The CMA certification course must be completed through IMA and you also need to fulfill all the CMA requirements. The candidates aspiring to take the CMA Certification Course must hold an active IMA membership. Note that all CMA program enrollees are eligible for IMA membership. Aspiring candidates for CMA also need to pass a two-part exam and follow IMA’s code of professional ethics.

Education and training requirements

An aspiring CMA candidate should hold a bachelor’s degree from an accredited college or a professional certification approved by IMA. Any non-accredited degrees will be evaluated by an independent agency.

Those CMA candidates who hold bachelor’s degrees should get their official transcripts emailed directly to IMA.  Those who have completed professional certifications may submit a request to the certifying organizations to email official letters to IMA directly.

Professional requirements

CMA candidates should have work experience for at least two straight years in management accounting or financial management. It would be an added advantage if the professional experience was full-time. Also, those candidates who have worked at least 20 hours per week in continuous, part-time roles can apply their experience to the certified management accountant requirements. When it comes to part-time experience, it is counted at a rate of one year for every two years worked.

Candidates attending the CMA exam can attempt parts one and two in any order. Find each part and break them down as follows:

  • Part One: financial planning, performance, and analytics
    • External financial reporting decisions (15%)
    • Planning, budgeting, and forecasting (20%)
    • Performance management (20%)
    • Cost management (15%)
    • Internal controls (15%)
    • Technology and analytics (15%)
  • Part Two: strategic financial management
    • Financial statement analysis (20%)
    • Corporate finance (20%)
    • Decision analysis (25%)
    • Risk management (10%)Investment
    • decisions (10%)
    • Professional ethics (15%)

It takes 4 hours to complete each exam part, which includes 100 multiple-choice questions and two 30-minute essays. The test-takers cannot go back after completing and exiting the multiple-choice section. The essay questions are accessed by the candidates either after completing the multiple-choice section or after three hours, depending on which comes first.

A professional who wants to work in corporate financial accounting and strategic management settings and is planning to get CMA certification in Dubai can enroll in the CMA Course in Dubai offered by YourOwn Education. The teaching faculty at YourOwn are well-experienced industry experts. Learn from the case studies and become a successful strategic business partner and effective financial manager.

What are the benefits of doing CMA certification?

Certified Management accountant certification abbreviated as CMA course is a professional certification in the field of accounting and financial management. CMA certification Dubai will help you to enhance your career in the financial, accounting, or business industry through higher pay, better job opportunities, and many other benefits.

There are several benefits attached to CMA Course Dubai which are unique and substantial. The first and foremost advantage is that it offers professional growth CMA certification Dubai helps in broadening your knowledge in the management and accounting sector and helps you to have a unique positioning among your associates. Your accounting experience tagged along with additional knowledge acquired through CMA Course Dubai helps you to have a versatile solid career.

Enhances financial knowledge and skills- Generally, accountants who pursue CMA certification in Dubai are passionate about the field of accounting and finance. Obtaining the CMA title necessitates a systematic and meticulous knowledge of management accounting processes, tapping these principles into practice will allow the transferable skills. A CMA’s responsibilities are more elaborate than a normal accountant. Accomplishing tasks namely budget analysis and planning, decisions on making key investments and risk management in the daily task which will help in expanding the professional skills or capabilities.

International accreditation– When other accounting certifications need retesting to be accredited in other countries, the CMA Course has global recognition. Passing the CMA Courses two sections give you international career opportunities.

Bolsters employment value- During the CMA course in Dubai, a candidate is trained to have better knowledge and understanding of business, finance, and accounts. So, when some tasks are assigned to you, you clearly understand the logic behind them and find methods and logic to do it effectively which provides complete and better results than expected. In short, you will be given more value as an employee or as an associate and will always get your due appreciation from your employers and colleagues.

If you are planning to pursue further or global career opportunities or enhance your knowledge in accounting and finance, YourOwn education can help you with it. Enrol for CMA certification course in Dubai with YourOwn. YourOwn assists the candidates in honing their key decision making and strategic thought processes.