If you are an undergraduate student who is studying strategic management and financial accounting, you can further up your interest by studying a course called as Certified Management Accountant or popularly known as CMA. This certification adds on to the expertise of financial accountancy by imparting management skills that will empower you in making strategic business choices based on the financial input available.
The biggest plus point of pursuing a CMA course is that as an undergraduate you are eligible, and can pursue CMA simultaneously along with your graduation. This gives you a huge advantage as you will have a recognized US certification under your belt by the time you graduate! If you strategize your study plan and chart your exam preparations well, you may successfully complete both your courses and that will help leverage your career prospects at a very young age.
That being said let us delve into the advantages, and how to capitalize on this opportunity of doing the CMA program while pursuing studies as an undergraduate. Below mentioned are the four phases of preparing for the CMA while simultaneously studying for your graduation.
Adapting to the four-phase plan of CMA, the course can be tactically completed. The four phases are usually divided into two different years; one being a junior year and the other being senior year.
The preparation strategy for the junior year commences the following way; from September until May/June a candidate can prepare and complete intermediate accounting, information systems, corporate finance elective and business ethics course. Following this, the candidate can continue the preparing for exams in May/June by using CMA review program materials for preparing for CMA Part 2.
Once with the successful completion of CMA Part 2, you proceed towards the senior year. The senior year tends to diversify into various topics. So, a candidate must be prepared to embrace and study on topics such as complete cost managerial account course. If possible, an undergraduate can also attempt to complete a business capstone course and/or a case course in finance. The candidate can endeavor to complete an auditing course and possibly also take a first tax course. Finally, by December/January, the undergraduate can utilize extensive review program material and prepare voraciously for attempting CMA Part 1 that is held approximately in late January or early February.
With the successful completion and being certified as a CMA, the prospects of an undergraduate automatically boost up. CMA certification gives a huge edge to a college undergraduate as it fine-tunes the math skills in accounting as well as the verbal and written communication skills.
There are excellent job opportunities for CMA certified graduates as there are various options available in the market. A CMA can work in various positions such as staff accountant, budget analyst, Finance Manager, Internal auditor, and financial analyst. Once with some amount of experience, one can eventually move on to senior positions such as a CFO or a CEO depending on the area of competency.
Selected organizations impart such training courses, one of them being Concorde Academics. This training institute has meticulously charted out the CMA course in such as fashion that the candidate can prepare for the examination with the assistance of competent expertise and an extensive archive of reference material. For more information on this exclusive course, you can visit Concorde Academics at http://concorde-cpa.com/
Reference:
https://www.gleim.com/accounting/cma/blog/preparing-for-the-cma-exam/
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