Shania Rose A. Lozano, a graduate of Mindanao State University – Iligan Institute of Technology (MSU-IIT) and now working as a Tax Associate for SGV & Co. has placed 4th in the May – June 2023 US Certified Management Accountant (CMA) Exam. Further, she also received the US CMA Distinguished Performance Award. Congratulations!
CMAs are globally recognized financial accounting experts who are certified to use their analytics skills to help businesses make strategic decisions.
According to www.efficientlearning.com, the CMA Exam is a 2-part test which covers the following competencies:
CMA Part 1: Financial Planning, Performance, and Analytics
CMA Part 2: Strategic Financial Management
Part 1 of the CMA exam tests skills related to:
- External financial reporting decisions (15%)
- Planning, budgeting, and forecasting (20%)
- Performance management (20%)
- Cost management (15%)
- Internal controls (15%)
- Technology and analytics (15%)
Part 2 of the CMA exam tests skills related to:
- Financial statement analysis (20%)
- Corporate finance (20%)
- Decision analysis (25%)
- Risk management (10%)
- Investment decisions (10%)
- Professional ethics (15%)
By the way, Lozano also placed 4th in the May 2023 Licensure Examination for Certified Public Accountants (CPA) given by the Professional Regulation Commission (PRC).