The Institute of Certified Management Accountants (Australia) is an independent Australian body. Its patrons are Bill Dix, formerly the Chairman of Qantas and Ford, and Professor John Miller, formally Director of Consumer Affairs and President of CPA Australia. The ICMA is accredited by the Commonwealth of Nations under the category of Civic Organizations. The Institute distributes the world-class “On Target”, published by the ICMA to all its members. The ICMA’s research journal, ‘Management Accounting Frontiers’ is co-edited by Associate Professor V. G. Sridharan of the University of Adelaide and Professor Michael S. C. Tse of the Holmes Institute. It is not linked to any other professional body like IMA (USA), CIMA (UK), CPA (Canada), etc., although as a post-graduate level professional body, it recognizes the certified/chartered membership of such bodies as entry pathways to its CMA advanced professional qualification. It is a charter member of the International Management Accounting Collaborative (IMAC) that consists of member CMA organizations in Asia, Australia, Europe and the Middle East. It has chosen not to seek membership of IFAC, which is an advocacy body for the financial accounting profession. Facebook | Instagram | LinkedIn

There are three generalist professional accounting bodies who have members that provide public practice services in Australia; and are recognised in s88B of the Corporations Act (Australia) to issue a certificate under paragraphs 708(8)(c) or 761G(7)(c) after compiling or auditing a financial report in public companies. These three bodies are the Chartered Accountants of Australia and New Zealand (CA ANZ); CPA Australia (CPA) and the Institute of Public Accountants (IPA). Members of these 3 bodies, who have a practising certificate to provide such certifications as defined by the Corporations Act, need to be protected by Australian limitation of liability professional indemnity schemes. The Institute of Certified Management Accountants (ICMA) is the only specialist management accounting professional accounting body in Australia. As ICMA members do not offer public accounting services or issue such compliance-based certificates; the ICMA does not fall under the s88B of the Corporations Act; and therefore, its members do not need to be protected by professional indemnity schemes. ICMA is also the only specialist body operating at the post-graduate (Master’s Degree) level. Its education programs mainly consist of a Graduate Conversion Program for non-accounting graduates and a Certification (CMA) program for accountants. In Australia and other countries, these subjects are taught within university Master’s degree programs such as the MBA and Master of Professional Accounting (MPA) programs. In fact, most CMA members have masters’ degrees or are already qualified as CA or CPA, and must have at least 5 years relevant professional experience. Facebook | Instagram | LinkedIn

The ICMA was registered in 1996 under the Associations Incorporations Act 1981 (Vic.) . The ICMA is accredited by the Commonwealth of Nations under the category of Civic Organisations. Members entitled under its Rules to use the post-nominals Fellow Certified Management Accountant (FCMA); ‘Certified Management Accountant (CMA)’, ‘Associate Management Accountant (AMA)’, ‘Graduate Management Accountant (GMA)’, ‘Registered Cost Accountant (RCA)’, ‘Registered Business Accountant (RBA)’, Certified Accounting Technician (CAT) and ‘Management Accounting Affiliate (MAA)’ membership categories. The CMA, RBA, RCA and CAT post-nominals are also Registered Trade Marks of the ICMA. True “recognition” is, however, only earned in the market. As a relatively new body (now in its second decade of operations), having just over 10,000 members (with over 2,500 CMAs), it is already well recognised in its niche market, as a specialist qualification for already qualified ‘generalist’ accountants who which pursue a professional qualification undertaking two advanced subjects at the Masters Degree level. Its CMA education program now runs within a number of Masters Degree programmes in numerous Australian and overseas universities . Facebook | Instagram | LinkedIn

All information on Membership is available from the Membership section . Facebook | Instagram | LinkedIn

No, you may wish to undertake the CMA subjects as a student member, and upon completion, apply for CMA membership directly if you have over 5 years relevant experience. Facebook | Instagram | LinkedIn

All information on relevant experience is available from the Membership section Facebook | Instagram | LinkedIn

Those with an “Accounting” background (such as an accounting degree, CA, CPA) or an MBA need to do the following 2 specialist electives to get the CMA certifications: Strategic Cost Management Strategic Business Analysis Facebook | Instagram | LinkedIn

A recognized accounting qualification is either: An undergraduate degree with an accounting specialization (at least 25% of the degree must be accounting and finance subjects) from an “accredited” university, or An postgraduate degree (e.g. MCom, MBA) with an accounting specialisation (at least 25% of the degree must be accounting and finance subjects) from an “accredited” university, or A professional accounting qualification from a body granted a Royal Charter or Government Charter. Most “Certified” bodies are also acceptable, however, in some countries, as the word “Certified” is not a restricted term, there are some accounting bodies using “certified” in their title that would be unacceptable to the ICMA as a recognized accounting qualification, or Those holding membership of the following accounting professional bodies HAVE been recognized in the past by the ICMA as having a recognized accounting qualification. All Chartered Accounting bodies worldwide AICPA (USA) CPA Australia MIA (Malaysia) MICPA (Malaysia) ICPAS (Singapore) ICA (formerly ICWA) (India) ICMA (Pakistan) ICMA (Bangladesh) CIMA (UK) CACA (UK) ICSA (UK) CGA (Canada) SMA (Canada) CPA (Philippines) CPA (Pakistan) ICMA (PNG) CPAC (China) LACPA (Lebanon) CPA Ireland Saudi Organisation of CPAs (Middle-East) Note: CMA members of IMA USA are required to complete 2 units of the GMA Stage 4 program: Financial Management and Financial Statement Analysis. Those holding membership of the following accounting (and related) bodies HAVE NOT been recognized in the past by the ICMA as having a recognized accounting qualification. Non-CMA members of IMA (USA) Association of International Accountants (UK) Association of Cost and Executive Accountants (UK) Society of Certified Management Accountants (Sri Lanka) Institute of Certified Management Accountants (Sri Lanka) Society of Company and Commercial Accountants (UK) Society of International Accounting Technicians (UK) International Institute of Certified Management Accountants (USA) Associate of the Institute of Co-operative and Management Accountants, (Malaysia). CPA International (there are many bodies with this name operating in different countries) Institute of Financial Accountants (UK) Chartered Financial Management Analyst (USA) Chartered Portfolio & Investment Manager (USA) Chartered Trust and Estate Planner (USA) Certified Economic Policy Analyst (USA) The Registered Financial Planners Institute (USA) Society of Registered Financial Planners Limited (HK) Institute of Financial Consultants (Certified Financial Consultant) Association of Financial Planners (UK) Chartered Business Administrator (USA) Chartered Business Administrator (Canada) Canadian of Institute of Professional Accountants Institute of Professional Financial Managers (IFC USA), American Academy of Financial Management (AAFM-USA)* Institute of Professional Financial Managers (UK) Association Of Certified Fraud Examiners (USA) The Institute of Commercial & Financial Accountants of Southern Africa (South Africa) Association of Certified Management Accountants (UK) Institute of Chartered Accountants of the Commonwealth Association of Certified Public Accountants (U.K.) Institute of Executives and Managers (U.K.) Institute of Service Industries Management (U.K.) The Institute of Co-Operative and Management Accountants, Malaysia. Association of Incorporated Secretaries and Administrators (U.K.) Institute of Certified Public Accountants (New Zealand) Institute of Certified Management Accountants of New Zealand All members of the U.K. based Confederation of Independent Accountancy Bodies (CIAB). * The AAFM conducts non-examination seminars leading to a host of post-graduate sounding certifications such as Master Financial Professional, Certified Cost Accountant etc., all of which are NOT recognized by ICMA for membership purposes. Facebook | Instagram | LinkedIn

In most countries the word University is a protected name, and granted to institutions after significant demonstration of academic rigor and research scholarship. However in some countries the word “University” is registered as a business name, and degrees are granted for “life experience”. A majority of such universities are in the USA and UK, but there are some in Asia, Europe and Africa. The ICMA considers as “accredited” only those universities accredited by the 5 regional accrediting agencies in the USA, or those that have a Royal Charter as a university in the UK. In most other countries, as the word “University” is strictly controlled, the ICMA will recognise all such institutions registered in their countries as universities. Those holding “degrees” of the following “Universities” HAVE NOT been recognized in the past by the ICMA as having a recognized university degree. Pacific Western University (USA) Columbia Pacific University (USA) American University of Asia (Sri Lanka) American University of London Browns International University Michigan International University (USA) European University of Ireland Fairfax University (USA) Clayton University (USA) Newport University (USA) International University (USA) Rushmore University (USA) Somerset University (UK) Southern Pacific University (S.P.U.) (St. Kitts & Nevis) Washington International University (USA) Preston University (USA) and affiliated campuses around the world Sussex College of Technology (UK) Rochville University (USA) Calamus International University Royal International University (Virgin Islands) Wisconsin International University Wessex University Canadian College of Professional Management Cosmopolitan University, Chile Atlantic International University, USA Pebble Hill University, USA Mist University Irish University Business School Novus University (USA) Canadian School of Finance and Management (Postgraduate Diploma in Management Accounting) American College of Computer & Information Sciences American International University Al Arab University Universidad Empresarial de Costa Rica [Please see Australian Education Credentials Standards Agency for a full list of unaccredited universities] Facebook | Instagram | LinkedIn

These universities are as listed in the recognized providers section. Facebook | Instagram | LinkedIn

Due to overwhelming interest in managerial accounting in recent times, there are many individuals who may not have formal qualifications in managerial accounting, but either practice as such, or wish to have an interest in the field. As such, the Institute has a new membership category for such individuals, Management Accounting Affiliate with the use of the post-nominals MAA, with open entry for those with either 2 years supervisory managerial experience or 3 years of running one’s own business. This category of members would be required to undertake an approved continuing professional development (CPD) program within 2-years of being granted such membership. The membership benefits include the use of the post-nominal MAA, access to the members’ section of the website, MAF research monographs and 6 issues of the On Target Newsletter. Facebook | Instagram | LinkedIn

As a member of the Institute of Public Accountants, Australia, you may have an accounting degree. If so, you only need to do the 2 CMA subjects. If however, you have obtained your PNA under a “grandfather” clause without an accounting degree, then you would need to undertake the 4 GMA conversion program subjects for GMA and AMA status, and the two CMA subjects for CMA status. Facebook | Instagram | LinkedIn

If you are a qualified accountant, and have over 20-years relevant experience you be exempted from having to sit for exams (under ICMA’s 20-year rule). However you still have to attend and follow the CMA course and do the assessments within it when it runs, even though you then do not have to sit the exams. Those having between 10-20 relevant experience have a choice of sitting the 2-paper exams OR writing a 2,000 word assignment. They too have to attend and follow the CMA course and do the assessments within it when it runs. Assignments must be submitted within 3-months of attending the CMA course. Those with less than 10 years of relevant experience must successfully complete exams to complete the education requirements for the CMA. There is a one-month study period after attending the course before participants are allowed to submit assignments or sit for exams. Deferment of the assessment is permitted up to a maximum of 2-years from completing the CMA Course, if the student has been prevented from completing an assessment through illness or exceptional circumstances. Facebook | Instagram | LinkedIn

Courses run in Universities (as university subjects in Masters degree programs) and via ICMA accredited Recognised Provider Institutions. Courses have run in Australia, Singapore, Indonesia, Malaysia, Papua New Guinea, India, Dubai, Hong Kong, The Philippines, Lebanon, China, Bangladesh, Cambodia, New Zealand, Nepal, Vietnam, Cyprus and Sri Lanka. Details are posted on CMA Events page . Facebook | Instagram | LinkedIn

The following providers run the CMA subjects via the internet. Wharton Institute of Technology and Science ( The Global Business School ) Calwest University Central Queensland University Deakin University Facebook | Instagram | LinkedIn

Those with degrees in fields other than accounting need to do four prerequisite (conversion) subjects, before they do the above two, i.e.: Financial Modelling (Accounting with Excel modelling) Financial Management Management Accounting Financial Statement Analysis Completion of these four subjects will give you Graduate Management Accountant (GMA) status, and if you have three years relevant experience, Associate Management Accountant (AMA) status. Information about undertaking the above four courses online can be obtained from the Wharton Institute of Technology and Science ( The Global Business School ). Facebook | Instagram | LinkedIn

Most MBAs have to undertake “financial and management accounting” and “corporate finance” subjects as part of their core subjects in the MBA. As such, most MBA graduates will be eligible to undertake the two CMA program subjects in order to obtain their CMA qualification. These subjects are: Strategic Cost Management Strategic Business Analysis Those with very specialized MBA degrees that may not cover the “financial and management accounting” and “corporate finance” subjects (and whose first degree is in a field other than accounting) will need to do two prerequisite (conversion) subjects, before they do the two CMA subjects. These subjects are: Financial Modelling (financial and management accounting with Excel modelling), and Financial Management Some MBA graduates may have done one or both of these as electives. Evidence of completion of the following four subjects (via your MBA or via an ICMA Educational provider) will give you Certified Management Accountant (CMA) status, provided you have five years relevant experience. Financial Modelling (financial and management accounting with Excel modelling), and Financial Management Strategic Cost Management Strategic Business Analysis Information about undertaking the above four courses online can be obtained from the Wharton Institute of Technology and Science ( The Global Business School ). Facebook | Instagram | LinkedIn

Those who are part qualified students of recognized professional bodies (such as those only needing to do the final stage of CIMA or ACCA) need to do four prerequisite (conversion) subjects, before they do the above two, i.e.: Financial Modelling (Accounting with Excel modelling) Financial Management Management Accounting Financial Statement Analysis Information about undertaking the above four courses online can be obtained from the Wharton Institute of Technology and Science ( The Global Business School ). Completion of these four subjects will give you Graduate Management Accountant (GMA) status, and if you have three years relevant experience, Associate Management Accountant (AMA) status. Those who have less than the one but the final stage in a recognized professional exam, will need to contact the Recognized Provider Institution in their countries to determine which extra subjects from the Graduate program they would need to undertake. Facebook | Instagram | LinkedIn

Those holders of Australian TAFE Advanced Diplomas in Accounting need to do the GMA conversion subjects, before they do the above two, i.e.: GMA Stage 4 : Financial Modelling (Accounting with Excel modelling) Financial Management Management Accounting Financial Statement Analysis Completion of these four subjects will give you Graduate Management Accountant (GMA) status, and if you have three years relevant experience, Associate Management Accountant (AMA) status. Information about undertaking the above four courses online can be obtained from the Wharton Institute of Technology and Science ( The Global Business School ). Facebook | Instagram | LinkedIn

Most Australian and overseas MBA programs do the following two subjects as part of their core : Accounting [i.e. Financial Modelling (Accounting with Excel modelling)] Corporate Finance [i.e. Financial Management] In most circumstances only two further electives are required for a non-accounting degree holder to complete the CMA program subjects. Thus a non-accountant can get an MBA, CMA by doing two electives, in addition to their two core MBA units, as follows: Strategic Cost Management Strategic Business Analysis If you have completed the CMA program by examination , then most MBA programs will give between 2-4 credit exemptions in the MBA. For this reason it has been extremely popular since 1997, and over 400 masters degree students in Australia, Singapore, Hong Kong, Indonesia, Malaysia and Sri Lanka have taken advantage of this stream to obtain the CMA certification along with their Masters degree. The ICMA has recently sponsored the setting-up of Calwest University in Northridge, California, USA; specifically for CMA members to read for an MBA. CMA members get 8 out 12 courses exempted, and must do only 4 further courses for their MBA. For those interested see Calwest MBA . Facebook | Instagram | LinkedIn

The ICMA was not formed as a body for members to apply for immigration to Australia. Instead, it was set up for already qualified accountants (CAs, CPAs, CIMA, ACCA etc.) to obtain post-graduate level specialization in managerial accounting. As such, the Institute does not enter into correspondence as to if CMA is a recognized qualification for purposes of migration requirements to Australia. It is aware, however, that some CMAs have obtained migration to Australia on a case-by-case basis. Facebook | Instagram | LinkedIn

Should you have any enquiries, please contact us at (+852) 2574 1555 or you can direct your questions to us at info@cmaaustralia.hk Facebook | Instagram | LinkedIn