Post-CMA Exam

By Karami, Bassel | Strategic Finance, January 2011 | Go to article overview
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Post-CMA Exam


Karami, Bassel, Strategic Finance


I will never forget that day in late 2007 when I made a decision to pursue the CMA[R] (Certified Management Accountant) designation. I wanted to improve my practical understanding of managerial finance and accounting and to work toward improving my future career prospects. I have completed the CMA examination series, and the CMA track has provided me with a lot more than I was expecting.

[ILLUSTRATION OMITTED]

Although I took all four parts of the CMA exam while I was in school, I was entering my final year of university study when I took Part 2 and Part 3, which tested the topics that were most relevant to my fields of study--finance and economics. Before completing the exam, I had to work very hard to pass my courses, and nothing made sense to me, but all this changed after I completed Parts 2 and 3. Everything made sense to me, tough courses seemed surprisingly easy, and I did very well in my courses without putting forth any tremendous effort.

I even started pursuing other certifications and charters because I had nothing to lose since the CMA curriculum already provided me with the required practical understanding to excel in all the fields of commerce. The CMA may be a program that specializes in developing one's competency in managerial accounting, but in the previous context the term or general topic referred to includes managerial economics, financial reporting, cost allocation, organizational behavior, investment analysis, and performance evaluation.

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