Like most professional qualifications, Certified Management Accountants are required to fulfill CMA CPE requirements on an annual basis.
IMA allows courses in the following topics:
The ethics education for the purpose of CMA CPE should focus on the area of management accounting and financial management. Topics include:
There is much flexibility in this aspect. You can take the course as regular college courses, seminars, webinars, workshops, technical meetings under the direction of speakers, instructors or discussion leaders. You can also take home study courses, speeches, publication of technical articles, as well as examinations.
CMAs are required to report the CPE hours but do not need to submit supporting documents. You can use the member profile section in the IMA website to organize and record your CPE hours. All courses done through IMA will be automatically recorded in that section.
IMA does perform CPE audit, in other words, there are chances that you got picked and have to submit the CPA certificates as proof. IMA advises to keep the supporting documents for 2 years.
The cycle is based on calendar year. If you pass the CMA exam in the middle of the year, you don’t need to fulfill any CPE requirements immediately — that is, IMA offers a grace period for the rest of that year.
If you have the time, you are welcome to start taking the classes. Up to 10 CPE hours can be carried over to the next reporting year.
This is pretty much standard practice.
Service as college teacher
Service as a speaker / discussion leader
1. I passed the CMA exam but haven’t fulfilled the experience requirement. Since I can’t use the CMA title yet, does it mean that I don’t need to get the CPE hours?
Quoting from the IMA website, “once you’ve completed and passed both parts of the CMA exam, you must complete 30 hours of continuing professional education (CPE) each year”.
In this case, even if you can’t call yourself a CMA yet, you passed the exam and therefore the clock has started to click.
2. What should I do if I’m not sure whether the course is acceptable?
IMA can issue a ruling in advance. You can send a copy of the program or other information describing the course/ activity to IMA.
3. I am a CPA. Can my CPA CPE courses be counted as fulfilling the CMA CPE hours?
In most cases, the answer is yes because programs presented by organizations which are registered with NASBA meet the requirements of CE for CMAs. You can confirm with IMA if you have a specific course in mind.
4. I don’t actively work in management accounting anymore. Can I switch to an “inactive” status and stop taking the CPE courses?
There is no “inactive” status for CMAs, and you need to be 55 years old or above to get qualified for the “retired” status. In case of special circumstances (e.g. military service, serious illness, extreme financial hardship), you may be allowed to waive the requirement. Please contact IMA for details.
You can always double check with IMA with the course description if you are unsure whether they can be counted.
I am the author of How to Pass The CPA Exam (published by Wiley) and the publisher of this and several accounting professional exam prep sites.
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What Is the CMA Certification? Certified Management Accountant Certification.
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