CMA in USA

CIMA or ACCA, which is better? This is a common question, but not so easy to answer. If you are more interested in the business side of accounting, and would like to gain essential management expertise, then CIMA will better prepare you for this role. ACCA, on the other hand, focuses more on advanced taxation principles and external auditing procedures, which means ACCA graduates are better prepared for working either independently or in private firms in finance-specific practice. Which qualification is harder, CIMA or ACCA? The CIMA qualification is more demanding, as it does not let you move forward until you pass one set of exams, compared with ACCA which allows you to study towards multiple sets of exams simultaneously. This qualification is more challenging overall, and for this reason, it is highly respected by employers. What are my career options? Graduates of the ACCA qualification go on to become financial accountants, auditors, and tax advisors, whereas typical job titles for CIMA holders include business manager, financial analyst, and financial director.

Hello,
Yes, there is a good scope for CMA graduate in Account & Finance. CMA (Certified Management Accountants) certification is a professional credential that can be earned in the advanced management accounting and financial management fields. Practically, CMA is designed for accountants working outside of CPA firms. This essentially means 3/4 of all accountants working in the various industry and corporate functions. The CMA is most applicable for those who deal with cost and inventory accounting. Some of the job roles that you expect after completing CMA are:
Finance Manager
Financial Analyst
Financial Risk Manager
Financial Controller
Cost Accountant
Chief Financial Officer
Cost Manager
Relationship Manager

As per the latest MoU (Memorandum of Understanding) signed between Institute of Management Accountants (US) and the Institute of Cost Accountants of India, if an Indian candidate pursuing CMA US sit for the exams in any country other than India (provided that country conduct tests under Pro-metric facility, e.g. Sri Lanka, Bhutan etc. these countries don't have Pro-metric centers), he/she will get CMA (India) or Indian Cost Accountant degree by default.
To put it simply, candidates can save two important things:
INR 1,00,000-1,50,000 (cost of study for CMA India)
4-5 years of strenuous study
In return, they'll get a prestigious title of cost accountant. (Cost-Benefit analysis)
Candidates aspiring to settle in India won't face any difficulty in getting a job on PAN India basis. Other benefits of CMA (US) aren't discussed as limiting by the question.