Presentation Benefits Institute of Management � What to expect as a CMA Accountants � Test Preparation � How to get involved � Why should I join IMA? � “Why should I join IMA?” Matthew White M tth Whit Andrew Keathley Chad Holmes Overview Benefits of IMA � CPE credit � Benefits of IMA � 3 E’s � Registration � E xpand financial management skills � IMA’s Mission � E nhance your organization’s performance � History � History � E mpower your career potential � Global Connections � CMA Test
How to Register IMA’s History � Have your life information ready... � 1919 – Founded in Buffalo, NY as NACA � Visit www.im anet.org � 1943 – First International Chapter � Student - $39 � 1957 – NACA becomes NAA � Young Professional - $140 � Young Professional - $140 � 1959 – Student Publication Services begin � 1959 – Student Publication Services begin � Professional - $210 � 1972 – CMA Program Inaugurated � 1983 – Standards of Ethical Conduct of Management Accountants, the first code of ethics for management accountants in the U.S. is issued Mission Statement History Cont. IMA’s mission is to provide a forum for � 1991 – NAA becomes IMA � research, practice, development, � 1996 – IMA initiates the CFM program education, knowledge sharing, and the � 2006 – First Global IMA Conference advocacy of the highest ethical and best (Dubai) (Dubai) business practices in management accounting and finance.
Global Connections Video � Several Chapters Worldwide http: / / www.imanet.org/ cma_certification/ be com e_a_cm a/ video-how-to-becom e-a- � Canada cm a.aspx � Hong Kong � France � India � Vietnam � Spain � Russia � Kenya IMA Services The CMA Credential Is… � LinkUp IMA � Focused � IMA Career Center � Respected � Student Leadership Conference � Valued � Convenient � Convenient
Test Parts Certified Management Accountant Cost � Part 2—Financial Decision Making � Certification Entrance Fee (Nonrefundable) � Financial Statement Analysis (25% ) � Exam Fee � Corporate Finance (25% ) � Transition Exam Fee � Risk Management and Decision Analysis (25% ) � � Investment Decisions (20% ) � Professional Ethics (5% ) Test Parts Pass Rates 80% � Part 1—Financial Planning, Performance & Control 70% � Planning, Budgeting & Forecasting (30% ) 60% � Performance Measurement (25% ) Worldwide 50% A i P Asia Pacific ifi � Cost Management (25% ) 40% Europe � Internal Controls (15% ) 30% Middle East & Africa � Professional Ethics (5% ) The Americas 20% 10% 0% Part 1 Part 2 Part T
Quotes Sample Questions “At Microsoft, we look for a combination of � Question 1 solid accounting skills, the ability to think � Answ er: B strategically and strong business ethics. If � Question 2 someone is a CMA, we can be more � Answ er: B � Answ er: B comfortable that the person has mastered � Question 3 these aspects of the profession.” � Answ er: C Bob Laux, CMA, CPA Director of Technical Accounting and Reporting Microsoft Corporation Quotes cont. � “I’m not getting my CMA, but you should.” � Andrew Keathley, Deloitte � “Not joining IMA is BAD.” j g Questions? � Matt White, Joe Enoch & Associates � “Joining IMA is BY FAR the best thing that’s ever happened to me.” � Chad Holmes, E&Y Intern.
Works Cited � http: / / www.im anet.org/ im a_hom e.aspx � http: / / www.cim aglobal.com / � http: / / www.m anagem ent-accountant.org/
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