CMA - Certified Management Accountant

Toronto_Boy · 12-15-2009, 03:50 AM

Dear

MRA stands for "Mutual Recognition Agreement" between two associations. It is formal acceptance arrangement between associations to provide quick membership to members of other association. Like being member if CMA(IMA), one can get membership of ICWAI (India) without going through detailed regular requirements.

Regards

MRS · 12-15-2009, 07:16 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Toronto_Boy
 Dear MRS

I think ICWAI's MRA with IMA is for students appearing for IMA exams while living outside India. So, students can't get ICWAI's membership if they qualified for CMA(IMA) while being in India.

Pakistanis living in middle east would get most benefit of such potential MRA, if it happens, as Pakistanis living in other countries like Australia, UK or Canada would prefer CMA of those countries over CMA(IMA).

Lets see...

Regards
<hr height="1" noshade id="quote"></blockquote id="quote">

Dear Toronto Boy,

The information i have is based on my communication with few National Council members and according to that the only restriction is on the right of practice by the IMA members seeking ICWAI membership.

M.Rizwan

tariqsohail · 12-16-2009, 02:10 AM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by MRS
 <blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Toronto_Boy
 Dear MRS

I think ICWAI's MRA with IMA is for students appearing for IMA exams while living outside India. So, students can't get ICWAI's membership if they qualified for CMA(IMA) while being in India.

Pakistanis living in middle east would get most benefit of such potential MRA, if it happens, as Pakistanis living in other countries like Australia, UK or Canada would prefer CMA of those countries over CMA(IMA).

Lets see...

Regards
<hr height="1" noshade id="quote"></blockquote id="quote">

Dear Toronto Boy,

The information i have is based on my communication with few National Council members and according to that the only restriction is on the right of practice by the IMA members seeking ICWAI membership.

M.Rizwan
<hr height="1" noshade id="quote"></blockquote id="quote">

Mr. MRS,

I am adding to your information that only those CMA (IMA) can take ICWAI membership who passed their all CMA exams outside India.

Further adding to your information..With respect to all, CMA (IMA) is far more strong designation in Middle East as compare to local designation of management accounting bodies. I will be in favour that ICMAP should move forward to sign this MRA to serve their members who are doing jobs in this part of the world.

Regards,
Sohail

maqszaman · 12-19-2009, 08:36 AM

Hi Everybody,

I am keenly monitoring the discussion on this forum. I know many forum members felt offending when I said that CMA-US is not a recognized in US. I have been living in Canada for a long time and travel US, every other month. On top of my CMA designation from Pakistan that I got some 17 years ago I also hold accounting designations in these countries. I gave my advice truly based on my experience.

An answer to Awais Asif is that CMA is a registered body in US as ICSP in Pakistan (registered under Companies Ordinance) and has no powers at all. I know some people are very smart and they can choose the routes they want. Please also note that Canadian Institutes won't grant you exemption unless you passed the exam from respective institute. We canât enforce on our thoughts on someone else.

Latest development is that a guy with CA inter from Pakistan, CMA-US and CIA-US has been denied to write the CPA exam because CMA-US is not an approved body. Please let me know if any CMA-US has been approved to write the CPA exam for the benefit of other members.

Wish you all the best

afaqui · 12-23-2009, 05:39 AM

MRS, TORONTO BOY, MAQSOODZAMAN, TARIQ BHAI AND ALL OTHERS AOA
I HAVE JUST READ THROUGH THIS TOPIC AND GET SOME VERY VALUABLE INFO. IT IS INCOURAGING TO KNOW THAT ACCA ,CIMA AND ACWAI ARE OFFERING EXEMPTION TO CMA FROM IMA U.S. A.
FOR NEW STUDENTS, I RECOMMEND CMA THEN ICMAP, CZ ICMAP TOOK TOO MUCH TIME AND EFFORTS FOR A QUALIFICATION THAT DOES OFFER MORE OR LESS AS CMA,
I KNOW SEVERAL PEOPLE WHO HAVE SPENT 2-3 YEARS FULL TIME FOR ICMAP AND YET DIDNT GET QUALIFIED.
EVEN IF IT IS SUPERLATIVE THEN CMA , IT REQUIRED TOO MUCH EFFORTS N TIME FOR TOO LITTLE REWARD.
IT IS MY PERSONAL POINT OF VIEW, AND MANY PEOPLE MAY NOT AGREE WITH THIS IDEA BUT IT THINK CMA IS BETTER ROUTE, AFTER DOING CMA , ONE CAN GO FOR FURTHER QUALIFICATIONS AND CAN GET MORE IN LESS TIME.
WISHING ALL OF U A VERY PLESENT AND EMAN AFROZ 2010
AFAQUI

MRS · 12-23-2009, 05:19 PM

@ Mr.Farooqui

Good to see your post, When are you leaving for canada???

@ All

New year Greetings to all forum members

PrinceAcid · 12-25-2009, 01:58 AM

I am living in Saudi Arabia and want to know if CIMA is more valued than CMA here ?

Mr. Tariq can you advice?

Thanks

tariqsohail · 12-25-2009, 02:52 AM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by PrinceAcid
 I am living in Saudi Arabia and want to know if CIMA is more valued than CMA here ?

Mr. Tariq can you advice?

Thanks

<hr height="1" noshade id="quote"></blockquote id="quote">

Saudi Arabia is one of those markets where CMA (IMA) is pretty strong designation.

If you are asking in terms of CIMA (U.K) and CMA (IMA) then I would say CMA (IMA) will be a better choice and can be confirmed from job adds which clearly showing dominance of CMA (IMA) over other management accounting bodies in Saudi Arabia.

Regards,
Sohail

faisalch1001 · 02-26-2010, 08:34 PM

AOA !
I am currently working in dubai in the field of accountancy. i did my Inter ( ICMA ) from pakistan long back in year 2000. When i checked now from ICMA Pakistan they asked me to clear another 10 papers + Comprehensive test. Considering the fact that we are into practical field and livinig with family too, it seems to be an impossible mission to find ample time for rest of the papers to qualify.
Now going through IMA, i m bit confident that i can perhaps go through it in six month time. Can you guys let me know how long it would take me to exactly the every day to study and then clear CMA OF IMA.
Mr Sohail ! do add your opinion especially to my situation.

Thanks
Faisal Saeed

tariqsohail · 02-26-2010, 10:46 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by faisalch1001
 AOA !
I am currently working in dubai in the field of accountancy. i did my Inter ( ICMA ) from pakistan long back in year 2000. When i checked now from ICMA Pakistan they asked me to clear another 10 papers + Comprehensive test. Considering the fact that we are into practical field and livinig with family too, it seems to be an impossible mission to find ample time for rest of the papers to qualify.
Now going through IMA, i m bit confident that i can perhaps go through it in six month time. Can you guys let me know how long it would take me to exactly the every day to study and then clear CMA OF IMA.
Mr Sohail ! do add your opinion especially to my situation.

Thanks
Faisal Saeed
<hr height="1" noshade id="quote"></blockquote id="quote">

Mr. Faisal,

It's good that you are returning back to your study after 10 years gap.
Time period required to finish CMA (IMA) is a little bit difficult to predict becuase it depends on so many factors.
Factors like educational background, devotion towards study, practical exposure to similar type of job and paper attempting technique are few factors to name.
Secondly IMA changed its syllabus and exam system. Now its a 2 part exam instead of 4 but IMA considering pre-knowledge of few subjects from students. All subjects in 2 parts are now going to be tested at level "C" (more extensive checking of knowledge).
But one thing is sure that if you are committed then you will definitely pass it between 9-18 months.
Regards,
Sohail

pauliangenius · 02-27-2010, 04:19 PM

yaar can an ACCA get admission in cma program plz tell me

tariqsohail · 02-27-2010, 05:23 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by pauliangenius
 yaar can an ACCA get admission in cma program plz tell me
<hr height="1" noshade id="quote"></blockquote id="quote">

Mr. Pauliangenius,

CMA (IMA) requirement is Bachelors degree from recognized college or university. Previously IMA was accepting ACCA and also there was an exemption of Part-1 out of 4-parts for ACCA qualified members. But in the new program IMA removed all exemptions..so please email IMA to get authentic information.

Regards.

yasir_live · 02-27-2010, 11:34 PM

@ Tariq Sohail,

Dear is there any Expert, Authentic Institute in Riyadh for teaching CMA. Can You shortly tell me how much time it takes to complete CMA ? Is Bachelors is only requirementt or Admission can be taken on basis of other courses like ACCA, Etc. What You say if a person have Bcom(2years) Degree is he eligible for CMA Admission ?

Waiting.

tariqsohail · 02-27-2010, 11:45 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by yasir_live
 @ Tariq Sohail,

Dear is there any Expert, Authentic Institute in Riyadh for teaching CMA. Can You shortly tell me how much time it takes to complete CMA ? Is Bachelors is only requirementt or Admission can be taken on basis of other courses like ACCA, Etc. What You say if a person have Bcom(2years) Degree is he eligible for CMA Admission ?

Waiting.
<hr height="1" noshade id="quote"></blockquote id="quote">

Yasir,

1) There are couple of institutes which are providing teaching of CMA (IMA). I think Morgan (Technical Accountancy)is better but expensive also.
2)Duration vary from person to person but I think it should be completed in 9-24 month period.
3)Education Requirement Bachelor degree from recognized college or university. For ACCA acceptance towards CMA (IMA), please check directly with IMA, but I think ACCA will be accepted.
4)2 Year Bachelor degree is accepted but you have to send your query to IMA in your case but I know 2-year degree of University of the Punjab accepted by IMA.

Regards,
Sohail

zeeshansaeed · 02-28-2010, 12:03 AM

@Tariqsohail,
CMA ki annual subscription fee kitni hai?
CMA ka total expense kia hai(without tuition but including books) both old course and new 2 part course.