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Passed your CMA Exam? Now, what’s next? Your journey to be a CMA professional starts here.
Passing rate of the CMA exam is just 50%. But, as per IMA report, 60,000+ professionals have earned CMA certification since 1972. That’s right! Passing the exam is not just enough. So, to be competent, you must be updated with the CMA CPE requirement.
Key Takeaway
The CMA CPE requirements serve as a foundation for maintaining the integrity and relevance of the CMA designation. CPE hours are a key component, with CMAs required to accumulate a specified number of hours over a given period, usually three years. As of 2024, CMAs must complete a minimum of 30 CPE hours annually, totaling 90 hours within the three-year reporting period.
The CMA requires 30 hours of CPE credits every year. Here are the specifics:
While the overall CPE hours are vital, the subjects you choose for your CPE courses are equally significant. The IMA has outlined specific criteria for approved CPE subjects.
Below are the approved subjects for CMA CPE credits from IMA:
For more information, check out the IMA website or reach out to customer support if you are unsure.
Artificial Intelligence (AI) is transforming various aspects in management accounting. From streamlining routine tasks, enhancing data analysis, and automating processes to strategic decision-making, AI is bringing revolution to the industry.
With growing impacts of AI, IMA encourages CMAs to consider courses that integrate Artificial Intelligence (AI) into their curriculum. By incorporating AI-focused CPE courses, CMAs can future-proof their skill set and bring innovative solutions to their organizations.
Are you interested in AI courses to meet your CPE requirement? myCPE has 100+ hours of AI courses.
To successfully fulfill the CMA CPE requirements, it's essential to understand the process of achieving CPE certification. Here is the guide -
Select CPE courses aligned with approved subjects like Financial Management, Economics, Management Accounting, Ethics, etc.
Attend seminars, workshops, webinars, or online courses from reputable providers offering interactive content.
Fulfill any required assessments associated with the chosen courses to validate your understanding.
Ensure courses provide certificates, serving as proof for reporting your participation during the renewal process.
Use dedicated CPE tracking tools to maintain organized records of attended courses, duration, and associated examinations.
Calculate CPE hours precisely, adhering to IMA guidelines, and meet the minimum time requirements.
Regularly check for updates in CPE requirements to ensure compliance during the certification renewal process.
Earning CPE credits for CMA is a straightforward process. All you need to do is follow the necessary steps. Start by identifying your areas of professional interest and focus on courses that align with those interests. Look for NASBA-approved providers to meet your CPE requirements.
Additionally, explore opportunities for networking and collaboration within your professional community. Participating in industry conferences, workshops, or webinars can not only contribute to your CPE hours but also provide valuable insights and perspectives from other experts in the field.
Calculating your CPE hours involves a simple but meticulous process. Begin by keeping track of the duration of each CPE activity in hours. If the activity provides CPE credits, use this information to determine the equivalent hours.
For example, if a course offers 5 CPE credits, it is generally considered a 5-hour activity.
Separate your CPE activities into technical and non-technical categories, ensuring you meet the specific requirements outlined by the IMA. Maintain detailed records of each activity, including certificates of completion and course outlines. By adopting a systematic approach to tracking your CPE hours, you'll be well-prepared for the license renewal process.
If a course on "Financial Reporting" offers 4 CPE credits, consider it as 4 hours. Maintain accurate records, differentiating between technical and non-technical subjects, to meet the minimum annual CPE requirements for certification renewal.
In order to complete CMA CPE requirements in one go an individual may either opt for individual courses or a combination of combined advanced course packages provided by myCPE.
It is always advisable to go with an annual subscription plan in which myCPE takes care of all the CPE requirements to be fulfilled annually so as to make the CPE credit attainment way easier than it feels.
These packages involve professional skill development on various topics and learning needs which are aligned with the latest industrial requirements. Additionally, they are also beneficial as these state-specific packages will comply with all the state-specific requirements.
myCPE provides more than 13,000+ hours of content created by highly educated and experienced professionals. In this, 4400+ hours of content are especially available for CMA professionals. You can get Unlimited Access to all our courses at just $199.
Different formats of courses (such as Live, On-Demand, Podcast, E-Books, etc.)
Yes, A maximum of 10 hours of excess CPE credits can be carried over to the next year.
If you fail to meet your CPE requirements, IMA may suspend your CMA designation. Also, you may face disciplinary action, including penalty assessments, and you will be considered a delinquent member, not in good standing.
Complete all your 30 CPE requirements in one go to renew your license. myCPE provides 30 CMA CPE Package (Including Ethics Courses). Along with this, other package courses are also available. Check here!
Yes! CMAs are required to earn 2 CPEs in ethics in every reporting cycle.
CMAs can also earn CPE credits through Self-Study courses. The course must meet the IMA standards.
The podcast is one of the reliable approaches to earning your CPE credits. At myCPE, you can find podcasts from top-notch educators and industry experts.
Navigating the CMA professional landscape extends beyond acing the exam. To become a successful professional, you require continual learning and adherence to CPE requirements. The IMA emphasizes 30 annual CPE hours, urging CMAs to explore AI-focused courses.
As the industry evolves, myCPE emerges as a valuable ally by offering curated content. Subscribing to myCPE Unlimited Access Plan, CMA professionals can not only meet requirements but also unlock a world of continuous professional development.
The Authors, Allen Smith is a Practicing Certified public accountant and senior vice president at myCPE – Continuing Education Platform for Professionals. He understands the current needs of the education domain and strategies for the presenters to adapt the new changes.
Nicholas Branson, CPA
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