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CMA

What is the Certified Management Accountant (CMA) program?

This is a globally recognized certificate that supports management accounting and finance professionals who drive business performance inside organizations. The CMA program is an advanced-level curriculum requiring candidates to demonstrate knowledge of accounting, finance and related fields. 
 

The CMA program is composted of two parts: 

Part I: Financial Planning, Performance and Control

  • Planning, budgeting and forecasting
  • Performance management
  • Cost management
  • Internal controls
  • Operation efficiency and business process performance

Part II: Financial Decision Making

  • Financial instruments and cost of capital
  • Raising capital, corporate restructuring and international finance
  • Decision analysis and risk management
  • Investment decisions
  • Professional ethics 

Who are the CMAs? 

  • Possess advanced financial and strategic management competencies
  • Lead, manage and make decisions in management accounting and financial management
  • Are trusted partners to executives in all areas of an organization
  • Evaluate performance and make decisions about the strategic direction of the organization
  • Understand the business formula for delivering value to the customer
  • Earn approximately 22 percent more than a non-certified professional

Why should I join the CMA program at AUC? 

Enrollment at AUC provides you with these benefits:

  • A step-by-step coaching approach
  • Highly qualified and experienced instructors and professionals
  • Higher chances of passing the CMA exam through intensive practice
  • Support in applying for exams and becoming a member of the Institute of Management Accountants, the world’s leading organization dedicated to empowering management accounting and finance professionals to boost business performance
  • Free second enrollment for unsuccessful candidates upon the fulfillment of accepted criteria
  • Opportunity to join the AUC community as part-time instructors
  • Technical and advising assistance during office hours
  • Receiving a certificate from AUC after fulfilling the attendance requirements

What is the CMA examination? 

The CMA exam is designed to develop and measure critical thinking and decision-making skills. All exams are computer-based with multiple choice and essay questions.

Financial Planning, Performance and Control
Four hours – 100 questions and two essay questions

Financial Decision Making
Four hours – 100 questions and two essay questions

What are the requirements for enrolling in the CMA program? 

  • Passing an English exam*
  • Copy of graduation certificate
  • Two passport photos
  • Copy of student ID

*AUC alumni, students and graduates of English sections are not required to pass the English exam.

Where and when is the CMA exam given?

All examinations are offered by Prometric, a worldwide network of testing centers. The exam is offered according to the following schedule:

  • January and February
  • May and June
  • September and October

The scores will be mailed approximately six weeks after the end of the month during which the applicant took the test.

How much will it cost to apply for the CMA program at AUC? 

  • Part One: LE 8,100
  • Part Two: LE 8,100
  • Registration fees: LE 150 for each part
  • Fees include a CD and books.

What are the registration fees for a CMA examination? 

  • IMA membership $210 (annual)
  • Registration fee $15 (for new members)
  • Certification entrance fee $225 (one-time fee)
  • Exam per part $395

Register for the exam online by visiting www.imanet.org

The IMA administers the CMA program, curriculum, exams and grading. For more information, visit www.imanet.org 

What are the special offers and discounts at AUC? 

AUC and School of Continuing Education:        10 percent
Group (three or more):                                        5 percent 

When do classes start? 

Contact the Programs and Partnerships Department at the School of Continuing Education for the updated schedule of programs.

How can I be certified as a CMA? 

  To be certified as a CMA, candidates must fulfill both educational and professional experience requirements as follows:

  • Holder of bachelor’s degree in any area from an accredited college or university
  • Two consecutive years of professional experience in management accounting or financial management, to be completed within seven years of passing the examination
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