Requirements
The Certified Management Accountant and Certified in Financial Management designations are granted only by the ICMA. Candidates must meet the following criteria to become a CMA or CFM:
File an Application for Admission with the ICMA and register for the CMA or CFM examination.
Be a member of the Institute of Management Accountants (IMA).
Pass all four parts of the CMA or CFM examination.
Satisfy the experience requirement.
Comply with the Standards of Ethical Conduct.
In addition, the candidate must meet one of the following educational credentials:
Hold a baccalaureate degree, in any area, from an accredited college or university. Degrees from foreign institutions must be evaluated by an independent agency approved by the ICMA; or
Hold a CPA license to practice or other professional qualification issued in a foreign country that is comparable to the CPA, CMA, CFM, etc.; or
Achieve a score in the 50th percentile or higher on either the Graduate Management Admissions Test (GMAT) or the Graduate Record Examination (GRE).
Once the Certificate is earned, the CMA or CFM must meet the following to retain the Certificate in good standing:
Satisfy the continuing education requirement.
Comply with the Standards of Ethical Conduct.
Maintain membership in the IMA.
Admission
The applicant must be a member of the Institute of Management Accountants or submit an IMA application when applying to the ICMA;
Be employed or expect to be employed in a position that meets the experience requirement;
Submit the names of two character references (one from employer, one from a person who is neither employed by the same firm nor a family member);
Be of good moral character; and
Comply with the Standards of Ethical Conduct
A completed Application for Admission must be filed by new applicants along with the appropriate fee.
It should be noted that if you qualify for one IMA Certification Program, you do not need to reapply for admission.
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