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CMA stands for Certified Management Accountant. It is a professional certification in the field of management accounting. The CMA certification is awarded by the Institute of Management Accountants (IMA) and is recognized globally.
To become a CMA, individuals must pass a two-part examination that covers various topics such as financial planning, analysis, control, and decision support. In addition to passing the exam, candidates must also meet education and experience requirements set by the IMA.
The CMA certification is highly regarded in the business and finance industry as it demonstrates a high level of expertise in management accounting and financial management. CMAs are often employed in roles such as financial analysts, cost accountants, budget analysts, and management consultants.
Continuing professional education is also required to maintain the CMA certification, ensuring that CMAs stay updated with the latest developments in the field.