Which of the following statements is TRUE concerning the CMA? I. To earn the CMA, an...

Which of the following statements is TRUE concerning the CMA? I. To earn the CMA, an examination must be passed. II. Experience in the accounting field is not necessary to earn the CMA. III. Compliance with the Institute of Management Accountants' Statement of Ethical Professional Practice is not necessary to earn the CMA. Select one: a. II only b. I only c. Both II and III above. d. III only

Solutions

Expert Solution

(B) I only.

Explanation : To earn CMA an examination must be passed. Without passing part 1 and part 2 examination nobody can be a certified management accounting professional or earn CMA

Accounting filed experience is not mandatory to earn CMA. If any person have two years experience in financial management , then also he can earn CMA.

To have CMA degree compliance with the statement of ethical professional practice made by Institute of management accountants is mandatory .

ekkarill92 answered 1 year ago

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