CMA Exam Academy - Pass the Exam on Your First Try!’s Post

Is it possible to get accounting certifications without a college degree in accounting, or will you have to go back to school? The answer may shock you! Keep on reading: https://bit.ly/40YKTe5 #cmacoach #cmaexamacademy

10 Steps to Become a CMA Here’s your roadmap 👇 Comment ‘CMA’ to get a free high-res PDF download 1. Edu Requirement: A bachelor’s degree in any field from an accredited university or college is required. Start your CMA during your senior year to get a headstart. 2. IMA Membership: You must be an active member of the IMA. Start by choosing the membership best suited for you: - Professional - Student - Faculty 3. Join the CMA Program: Pay a one-time, non-refundable entrance fee for your CMA certification program. This allows you to sit for the two-part exam. You have up to 3 years to complete both exams. 4. Enroll in a CMA Review Course: Choose a course that fits your budget and learning style. There are many options out there, so do your homework. 5. Follow a Proven Study Plan: Everyone learns differently, and each person’s schedule differs. Unsurprisingly, how long it takes to study for an exam varies from person to person. In my professional experience, I have found that a 16-week study plan is optimal for most candidates. 6. Register for an Exam Date: There is no better way to light a fire under your studying than to register for one part of the exam on an upcoming window. There are 3 exam windows each year: - Jan/Feb - May/June - Sep/Oct Registrations close after the 15th of Feb, June, and Oct. 7. Take the CMA Exam: Now that you have studied for months and prepared to the best of your ability, it is time to take the CMA exam. Part 1 and Part 2 of the exam are computer-based and consist of two sections: - 1st section: Multiple-choice (3 hours) - 2nd section: essays (1 hour) Each exam is 4 hours in total. 8. Fulfill the Experience Qualification You’ll need 2 years of experience in management accounting and/or financial management. You can fulfill this requirement before taking the exams or up to 7 years after passing the exams. You must hold a professional full-time position. Alternatively, you can work part-time at 20 hours per week for 4 consecutive years in the same field. 9. Apply for your CMA Certificate: Once you completed all requirements, you may apply for your CMA certificate. Woohoo! 10. Comply with Ethical Standards and CPEs: In order to maintain your CMA credential, you must fulfill your Continuing Professional Education (CPE) requirement. You’ll need 30 completed CPE hours every year, with at least two in the area of ethics. —------------------- 👉 Comment ‘CMA’ to get a free high-res PDF download Bonus: Free 3-part video series on how to pass the CMA exam —--------------- Hi! I’m Nathan Liao, Founder & CEO of: 🚀 CMA Exam Academy dot com - Pass the CMA exam on your first attempt! - 16-week Accelerator program (link in bio) - Students in 120 countries. 92% exam pass rate 🚀 CPE Flow dot com - Are you a certified accountant? - Earn your annual CPE credits (link in bio) ➕ Follow me for accounting & finance insights

Get extra support as you study for the CMA exam — plus real-time, personalized answers to all of your questions — with Virtual 1-on-1 CMA Tutoring. Concepts on the CMA exam are complex, and if you want to pass the first time, individualized coaching may be your secret weapon. These CMA tutoring sessions fit your schedule and are easily accessible via Zoom, meaning you get access to CMA experts from anywhere in the world. Click here to learn more: https://bit.ly/3tx0xBr #cmacoach #cmaexamacademy #cmaexam

🚨Nail Your Next Job Interview Tips and Questions to Prepare For Congratulations on earning your CMA certification! Now it's time to land your dream job 🏆 As you gear up for interviews It's essential to prepare for questions you'll face 1️⃣ Interview Preparation Tips: 1. Research the role and company culture 2. Brush up on core CMA topics 3. Prepare for common interview questions 4. Highlight your soft skills with examples 5. Prepare insightful questions for the interviewers 6. Dress professionally. First impression matters 7. Send a thank-you email within 24 hours 2️⃣Common CMA Job Interview Questions: 1. Explain your approach to cash flow management, budgeting, and forecasting. 2. Describe a time when you identified and resolved a significant financial error. 3. How would you assess our company's financial health based on our latest statements? 4. Discuss a tough financial decision involving an ethical dilemma and the outcome. 5. What experience do you have with financial software, and how have they helped you? 6. What's your approach to managing and developing an accounting and finance team? 7. Describe leading a team under tight financial constraints and your strategies. 8. How do you communicate complex financial information to non-financial stakeholders? 9. How do you stay current with changes in regulations, standards, and industry trends? 10. How do you collaborate with other executives to align financial and business objectives? 11. What qualities make a successful Management Accountant, and how do you embody them? To nail your CMA interview, demonstrate your technical knowledge, leadership skills, and ability to communicate effectively with various stakeholders. Share specific examples of how you've tackled challenges, collaborated with teams, and upheld ethical standards. Remember, confidence is key! You've worked hard to earn your CMA certification, and now it's time to showcase your expertise. Good luck in your job search and interview! 👉What other job interview tips would you add? Share your experience & advice below! —--------------- Hi! I’m Nathan Liao, Founder & CEO of: 🚀 CMA Exam Academy dot com - Pass the CMA exam on your first attempt! - 16-week Accelerator program (link in bio) - Students in 120 countries. 92% exam pass rate 🚀 CPE Flow dot com - Are you a certified accountant? - Earn your annual CPE credits (link in bio) ➕ Follow me for accounting & finance insights

When you make the decision to pursue your CMA certification, the first major struggle you face could be choosing a study method – should you go the more traditional classroom route, or should you enroll in a CMA online course? Consider the low CMA pass rate and the overall difficulty of the exam. Online learning and classroom learning each have its own set of benefits and setbacks – pros and cons list if you will. Let’s take a look: https://bit.ly/3XDZHf9 #cmaexam #cmacoach

Become a Finance Pro, Fast! Study CMA Part-Two 👇 Here’s what you’ll learn: 1️⃣ Financial Statement Analysis Dive deeper into the intricacies of financial reports, understand the stories they narrate, and craft superior strategies from those narratives. - Basic Financial Statement Analysis - Financial Ratios - Profitability Analysis - Special Issues 2️⃣ Corporate Finance Become a powerhouse in corporate financial strategy. Understand the nuances of capital structure, from raising funds to effectively managing them. - Risk and Return - Long-term Financial Management - Raising Capital - Working Capital Management - Corporate Restructuring - International Finance 3️⃣ Decision Analysis Grasp how numbers drive business decisions, optimizing profitability, pricing and growth. - Cost/Volume/Profit Analysis - Marginal Analysis - Pricing 4️⃣ Risk Management Understand the multitudes of risks in the business landscape and learn how to guard your company against them effectively. - Enterprise Risk 5️⃣ Investment Decisions Learn to evaluate investments meticulously, ensuring every dollar spent generates the desired ROI. - Capital Budgeting Process - Capital Investment Analysis Methods 6️⃣ Professional Ethics Beyond numbers, understand the moral compass guiding our industry. Uphold the integrity and trustworthiness inherent to our profession. - Business Ethics - Ethical Considerations for Professionals - Ethical Considerations for an Organization Embarking on the CMA Part-Two journey equips you with the analytical, strategic, and ethical skills you need to succeed. —-------------- 👉 Which topics sound the most interesting? Let’s chat in the comments 🌟 82,000+ accountants got my free CMA exam cheat sheet. Get yours too! (link in bio) —--------------- Hi! I’m Nathan Liao, Founder & CEO of: 🚀 CMA Exam Academy dot com - Pass the CMA exam on your first attempt! - 16-week Accelerator program (link in bio) - Students in 120 countries. 92% exam pass rate ➕ Follow me for accounting & finance insights

Discover which CMA review course is the best for you based on your personal learning style: http://bit.ly/2VLKtII #cmacoach #cmaexam #earncma #cma

🚨 Accounting vs. Finance A Simple Explanation for Kids As a CMA, I often get asked about the difference Between accounting and finance So, let's break it down in a way That's easy to understand! 😄 1. Accounting Imagine you have a piggy bank where you keep all your money. Every time you add or take out money, you write it down in a notebook to keep track of how much you have. That's basically what accounting is all about! Accountants are like the people who help you keep track of all the money going in and out of your piggy bank. 2. Finance Now, let's say you want to buy a new toy but you don't have enough money in your piggy bank. You might ask your parents for an allowance or think about ways to earn more money, like setting up a lemonade stand. That's where finance comes in! Finance is all about making smart decisions with your money, like figuring out how to save up for that new toy or how to make your lemonade stand successful. —---------------- In the grown-up world, accountants help businesses keep track of all their money, while finance professionals help them make smart decisions about how to grow and spend their money wisely. So, if you enjoy counting money and keeping things organized, you might make a great accountant one day! And if you love coming up with creative ways to earn and save money, a career in finance could be perfect for you! The most important thing is to always be curious, keep learning, and have fun with numbers! What do you want to be when you grow up? Let me know in the comments below! 👇 —--------------- Hi! I’m Nathan Liao, Founder & CEO of: 🚀 CMA Exam Academy dot com - Pass the CMA exam on your first attempt! - 16-week Accelerator program (link in bio) - Students in 120 countries. 92% exam pass rate 🚀 CPE Flow dot com - Are you a certified accountant? - Earn your annual CPE credits (link in bio) ➕ Follow me for accounting & finance insights

Book Value vs. Market Value Understanding the Nuances 👇 In finance, two terms are used interchangeably But are distinctly different: Book vs Market Value Let's dive deep to see the subtleties: 📚 Book Value: Definition: It's the value of an asset or company according to its balance sheet, considering the original cost minus any accumulated depreciation or amortization. Example: A company buys machinery for $100,000. After a year, with a depreciation of $10,000, its book value would be $90,000. 🌐 Market Value: Definition: This represents the value of an asset or company in the marketplace, which can be driven by supply and demand forces, perception, and other external factors. Example: Consider a publicly-traded company whose total equity, as per its balance sheet (i.e., book value), is $5 million. But, if investors are willing to pay a total of $7 million to own the company (stock price multiplied by outstanding shares), that's its market value. —--------------- Book value gives us a historical perspetive Market value provides a forward-looking viewpoint But why does this distinction matter? For investors and financial analysts, understanding this difference can highlight potential overvalued or undervalued investment opportunities. A company with a market value significantly higher than its book value might be seen as having strong future potential or, conversely, might be over-hyped. In a dynamic business environment, both values have their places, but they serve different purposes. —--------------- 👉 Want to know more? Elevate your career with the CMA credential! 🌟 82,000+ accountants got my free CMA exam cheat sheet. Get yours too! (link in bio) —--------------- Hi! I’m Nathan Liao, Founder & CEO of: 🚀 CMA Exam Academy dot com - Pass the CMA exam on your first attempt! - 16-week Accelerator program (link in bio) - Students in 120 countries. 92% exam pass rate 🚀 CPE Flow dot com - Are you a certified accountant? - Earn your annual CPE credits (link in bio) ➕ Follow me for accounting & finance insights