CMA Exam Passing Rates

“Innovation distinguishes between a leader and a follower.” Steve Jobs 2012 is almost over with only a few days left. 2013 can be the year that you become a CMA and start earning over $100,000 a year. What does it take to become a CMA? It requires discipline, commitment, but most of all, an unwavering enthusiasm to study for the … Read More

Financial Ratios Series – Activity Ratios Part 2

“Some people dream of great accomplishments, while others stay awake and do them.” Anonymous Accounts Receivable Turnover This is a widely used ratio as it is a very important metric to watch. The A/R Turnover ratio measures how many times outstanding receivables from sales are collected each year. Because it’s an average, this ratio does not take into account seasonality … Read More

Financial Ratios Series – Activity Ratios Part 1

“If you want to achieve excellence, you can get there today. As of this second, quit doing less-than-excellent work.” Thomas J Watson Activity ratios measure  a firm’s ability to manage its resources efficiently. More specifically manage accounts receivable, assets, inventory, and accounts payable. For these type of ratios, we will use accounts from the Profit & Loss Statement and Balance … Read More

How Much Should You Study to Pass the First Time?

“Too many of us are not living our dreams because we are living our fears.” Les Brown How much of the material should I know to pass the exams on your first try? I bet you are asking yourself this question. I did when I was studying. Fortunately, the IMA has identified various levels of coverage to help us prepare … Read More

CMAs Around the World

“The more you loose yourself in something bigger than yourself, the more energy you will have.” Norman Vincent Peale If you were curious to know in which countries CMAs are having an impact, look no further. The following map shows all the countries with the highest number with active CMAs.