Many candidates would like to know if they can get exemptions in other professional qualifications if they become a Certified Management Accountant.
We understand that you won’t get any for the US CPA, but you will definitely get quite a bit of waivers for ACCA.
How Many Papers Can I Get Exempted As A CMA?
ACCA has an impressive database that shows the level of exemptions from thousands of schools and institutions around the world.
If you type in “management accountants” and “USA” in the institution and country input boxes respectively, you will be able to see the following:
Which shows that you get exemptions of 7 papers out of a total 14 as a CMA.
Did You Know… The ACCA IMA Partnership
In June 2012 ACCA and IMA jointly announced a strategic partnership. I see this as a counter-action of the recent AICPA-ICMA alliance but in any case it is good news for CMA and ACCA candidates.
January 2013 Update:
ACCA members now can have their bachelor’s degree requirement waived when they seek the CMA certification. In other words, ACCA members are automatically qualified to take the part 1 and part 2 of the exam. They still need to fulfill the rest of the requirement e.g. the 2 years of relevant working experience to get the CMA title.
For full details of this IMA-ACCA alliance, please refer to this press release.
For more information on the CMA exam as well as tips on study tactics, please consider signing up to my e-course which is completely free. You can learn about the mini e-course here or sign up directly below.