CMA in USA

The Certified Management Accountant (CMA) is a prestigious certification awarded by the Institute of Management Accountants (IMA) to F&A professionals who seek to advance their career in management accounting. The certification denotes expertise in financial accounting and strategic management. As MNCs set up and expand their operations in India, the need for CMAs is rising. Also, due to attractive salary packages and prestigious work profile, more and more candidates are opting for CMA certification. CMAs have applications in various functions of an organisation like decision support, planning and control. CPA Certified Public Accountant is a professional qualification recognised internationally (analogous to Chartered Accountancy in India). The benefits of any professional qualification are innumerable. Starting from a well paying job to a profound understanding of the accounting, taxation and business laws of the US. FAR - Financial Accounting dwells into the depths of US GAAP and IFRS which helps you gather knowledge of both and have a career showcasing their knowledge. REG - Regulation teaches the taxation and business laws of the US. AUD - Auditing enumerates the auditing standards and can help you seek a career in auditing. BEC - Business is a collection of various topics such a economics, costing, financial modeling, IT and so on. To start with, a professional qualification such as CPA broadens your horizon and let's you explore career opportunities in the field of accounting, auditing or taxation. More so, it is a ticket to reach the MNCs. CPA's are valued across the globe and thus a CPA has an opportunity to have a career in an part of the globe (based upon efficiency and mettle of the individual)
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Miles Education provides student/professional-centric services while keeping concept-based learning at its core which have helped it climb to the top ranks when it comes to the US CMA certification in India. Following are the reasons why we have our CMA alumni club growing period-on-period along with our enrolments and student count; the reasons why you should choose Miles for your US CMA coaching too:
Concept-based learning - All of us have, at some point of time, come across coaching centers with little or no focus on concepts when it comes to teaching. While such coaching centers encourage students only to understand and remember, Miles has built its entire teaching/coaching on the principle of concept-based learning helping students not only to understand and remember, but also to analyse and apply the concepts they learn, on exam questions and problems. Where coaching centers provide lecture videos having a sitting instructor making you highlight your books, Miles provides you with detailed and concept-focused videos with concepts on whiteboard and annotations/highlights on book. Lead instructors involvement - What is more exciting than having the lead instructor take classes for you, helping you with the exam preparation? Yes, while students only find the lead instructors on videos with other coaching centers, at Miles, live-online training and face-to-face masterclasses are conducted by India's favourite CMA instructor - Varun Jain. Pioneers in CMA prep - As said earlier, Miles is the leader when it comes to US CMA review with a good number of offices, and partnerships with MNCs across India. Where coaching institutes have limited commitment as franchisee/resellers of US course providers, Miles boasts a rich inhouse contents and materials which have drawn attention and praise from students and professionals in and outside India. Miles takes pride in having built the CMA ecosystem in India.
360 degree support - Miles gives you 360 degree support with your CMA journey. Placement Assurance - One can REAP the benefits of holding a CMA designation, if he takes up the job opportunities to exercise value and expertise. On clearing your US CMA exams, Miles assures placement opportunities with Big4s of the accounting industry and various other MNCs in India. Where most coaching centers find placements to be a gray area, Miles gives you opportunities to explore and excel. For further assistance visit https://mileseducation.com/cma.

CMA USA is globally recognised whereas CMA India is an Indian Certification. CMA USA focuses on Cost Management, I. e. Cost Reduction, auditing, whereas CMA India lays more focus on Cost Management, I. e. Cost Controlling. Article ship is not applicable in CMA USA, whereas it is applicable for six months in CMA India. Certified Management Accountant (CMA) certification has been the global benchmark for management accountants and financial professionals. IMA (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in business that offers the CMA. CMAs are considered highly desirable for FP&A job roles (financial reporting, financial planning, financial analysis and financial decision making). The CMA curriculum also focuses on developing and testing skills required to perform the aforementioned jobs. Many American CFOs choose to be CMAs themselves and prefer to hire CMAs in their teams. CMAs expertise in USGAAP and understand its distinctions from IFRS. In most cases, multinational companies registered with the SEC in USA have to provide audited annual financial statements per USGAAP. These financial statements are prepared by the internal finance team of the company. Since CMAs are well qualified in USGAAP and understand the SEC reporting requirements well, companies preparing their financial statements using USGAAP prefer to hire US CMAs for the job. India is a hot B.Ed of and key player in Business Process Outsourcing. A majority of the outsourced financial work in India comes from the USA and UK, since NYSE (New York Stock Exchange) and LSE (London Stock Exchange) represent the world's the largest financial markets. As most major brands are American entities that follow USGAAP, this creates tremendous job opportunities for CMAs in India (in the BPO sector). Another major source of employment for CMAs are FP&A jobs directly with American companies that have branches in India, but prepare financial statements using USGAAP, at the parent level. The average salary package for a fresher CMA with no experience ranges from INR 4.5-6 Lacs p. a. Of course, with experience the salary increases and depending upon the role, compensations will vary. For further information visit https://mileseducation.com/cma.