What is the difference between CMA (IND) and CMA (USA)?

The CMA, or Certified Management Accountants, program is a global standard for management accountants and financial professionals wishing to expand their career options in less than a year. The Institute of Management Accountants (IMA) offers the US CMA course, the leading certification in the fields of accounting and management, in close to 150 different nations. The CMA program in India is governed by the Institute of Cost Accountants of India.

The CMA program, which is available in India and the US, equips students with the skills necessary for success in the disciplines of financial accounting and strategic management. However, there are several ways in which the CMA programs in the US and India are different from one another.

Regulatory body of CMA (USA) AND CMA (IND)

In the United States, the CMA is governed by the Institute of Management Accounts (IMA). It acts as a hub for education, knowledge sharing, research, morality promotion, and the advancement of best practices in management accounting and finances.

Eligibility criteria

To qualify for the US CMA, Indian candidates must hold either a class 12 certificate or an undergraduate degree. Undergraduates have an additional seven years, under IMA regulations, to submit the required paperwork after successfully acquiring the CMA USA credential.

Course structure & syllabus

The duration of the program, the exams, and the syllabus are just a few of the differences between CMA US and CMA India. The CMA program can be completed in six to nine months in the US, while it takes three years to complete in India. Here, a detailed explanation of the US CMA course structure and syllabus is provided.

Recognition for CMA (US) AND CMA (IND)

One of the factors that distinguish CMA India from the US CMA is the recognition that each of them has. The US CMA is well-known and esteemed all throughout the world. However, the Indian CMA qualification is only accepted within India. Moreover, it restricts employment options abroad, but US CMA does not.

Exam format

You will have four hours to complete 100 MCQs and thirty minutes to write two essays, in accordance with the US CMA test structure. Its syllabus is broken down into 12 separate themes that are connected to the two halves of the course.

All that is needed to apply for the CMA in India is a class 12th certificate and six months of articles. Nonetheless, you must receive a minimum of 40% for individual papers and a minimum of 50% overall for intermediate groups.

On the other hand, the Institute of Cost Accountants of India (ICWA), whose goal is to advance, govern, and promote the field of cost accounting, is in charge of regulating CMA India.

Concerns about CMA India vs. CMA USA are regularly raised by students. Here, we’ve focused on their unique specifications and made a very precise comparison of CMA US and CMA India.

Discover the amazing unlimited opportunities you would be getting if you step into the CMA course. For more information regarding the course kindly contact us: +91 81291 55132, [email protected]. We are just a call away!

Learn with Finact and Fly in Success.