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Management Accounting - CMAexcel Online

Through a partnership with The Institute of Management Accountants (IMA), Duke is proud to offer the Online CMAexcel Program, a review program for the CMA certification exam put forth by the IMA.

CMA® (Certified Management Accountant) is the advanced professional certification specifically designed to measure the advanced accounting and financial management skills that drive business performance in today’s complex and challenging business environment. The CMA is tailor-made for finance professionals at all levels, whether they want to enhance their value to their current organization, or expand their career potential. Earning the CMA will make these individuals part of a network of over 30,000 credentialed peers worldwide. 

Why should professionals pursue the CMA certification?

Over the past several years, the role of management accountants and financial managers has evolved significantly. Today's management finance and accounting professionals are internal consultants and business analysts. They work on cross-functional teams and are involved in strategic decisions; they are active business partners.* This program addresses the needs of these individuals.

Why choose the Duke University CMAexcel Online exam review program?

  • Utilizes the IMA’s renowned CMAexcel program
  • Includes all CMAexcel Review Course materials
  • Program is available to students 24/7 and is completely self-paced
  • Content taught reflects the general body of knowledge tested by the CMA examinations
  • Both Part I and II are offered (and can be purchased individually or as a discounted package)
  • Allows 6 months to complete each section
  • Content mirrors the national two-part CMA exam
  • Online mentors/instructors hold the designation of Certified Management Accountant (CMA)
  • Certificate of completion from Duke Continuing Studies awarded upon completion

*Course content reflects the general body of knowledge tested by the Certified Management Accountant (CMA®) examinations. Although the Institute of Management Accountants recommends using the Online CMA Learning System™ course as a tool for study of the CMA® body of knowledge, this course of study can in no way guarantee or ensure an individual’s success on the CMA® certification exams.

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Curriculum & Course Details

Duke University’s Online CMA exam preparation program offers both Part I and II and mirrors the two part national exam format. Each section is estimated to take between 90 and 100 hours to complete inclusive of all reading, online videos, testing, studying, etc. The two parts of the CMAexcel online program are divided as follows:

Part 1: Financial Reporting, Planning, Performance and Control

Part 2: Financial Decision Making

  • External Financial Reporting Decisions
  • Planning, Budgeting and Forecasting
  • Performance Measurement
  • Cost Management
  • Internal Controls
  • Professional Ethics
  • Financial Statement Analysis
  • Corporate Finance
  • Decision Analysis and Risk Management
  • Investment Decisions
  • Professional Ethics

The program includes the following study materials:

  • Core CMAexcel study materials (both in print and online) pictured at right
  • Over 23 hours of video lectures with more than 600 slides
  • Unlimited practice exams with a test bank of nearly 1400 questions
  • Over 500 flash cards (both in print and online)
  • 24/7 mentoring through online portal
  • Personalized exam planner

Program Testing

Each part of the CMA online program is divided into sections, and each section has one required exam; there is also a cumulative exam at the end of each part.  These exams are multiple choice and an 80% is required on all tests for successful completion of the Duke Certificate program. Tests are timed, can be taken more than once and there is no waiting period between re-takes. Furthermore, students can also elect to take as many CMA Exam Simulations as they like; these simulations have the same number of questions that are on the national CMA exam and are timed appropriately for additional practice.

National Exam Information

For more information about the CMA exams visit IMA online.

Please note that the national examination is not affiliated directly the Duke CMAexcel program. Students must register and pay for it separately from the Duke course. Successful completion of the Duke program does not guarantee a student will qualify for the CMA examination.

Exam Eligibility

  • Active Member of IMA
  • Payment of CMA program entrance fee to IMA (this is not the same as the course fee for Duke’s course)
  • Bachelor’s degree from an accredited college or university in any major
  • Two years of continuous relevant work experience (can also be completed within 7 years after passing exams)
  • Foundational knowledge of economics, basic statistics, and financial accounting
  • Comply with the IMA Statement of Ethical Professional Practice

Testing Schedule

The exam is given three times a year for a two-month duration:

  • January/February
  • May/June
  • September/October

Students must register for the exam parts directly through the IMA. For complete exam information regarding the exam transition and registration eligibility visit http://www.imanet.org/.

All CMA candidates have three years to complete the CMA program, including Parts 1 and 2 of the exam. The time period will begin with the date of a student’s entry into the CMA program. If students don't pass the two-part exam within three years, credit for the part passed will expire, and they will have to retake the exams.*

*Please contact the Institute of Management Accountants with any specific exam questions or concerns. Requirements for admission to the Duke CMA exam review program may differ from those required for exam eligibility. Always verify exam requirements with the IMA at www.imanet.org

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Requirements

Eligibility

  • Strongly recommend a minimum of two years relevant work experience
  • Strongly recommend a Bachelor’s degree from an accredited college or university (any major)
  • Foundational knowledge of economics, basic statistics, and financial accounting
  • Possess word processing and internet skills
  • Computer literacy, reliable internet access and a valid email account.  (Please note personal email accounts are preferred as they are less likely to trigger fire walls and spam filters.)
  • Fluency in English (including reading and writing)
  • Tuition paid in full prior to start of program or loan financing approved and our office notified of such prior to being granted access to the program.
  • Meet the computer technical requirements specifications listed below
  • Sign and return program Terms of Use form.  Program access will not be granted until form has been returned via email to wm60@duke.edu or fax to (919) 668-6747.

Requirements for admission to the Duke CMA exam review program may differ from those required for exam eligibility. Always verify exam requirements with the IMA at www.imanet.org

Admission is discretionary. The office of Duke Continuing Studies, Professional Certificate Programs, requires students be a least 18 years of age and meet minimum suitability standards. Students are not matriculated Duke University students and university student privileges do not apply to Continuing Studies students.

Duke Continuing Studies reserves the exclusive right, at its sole and absolute discretion, to withhold registration or require withdrawal from the program of any student or applicant.  

The materials used in this course, including video lessons, workbooks, quizzes and tests, are copyrighted. They are intended for individual use by registered students.  Unauthorized or illegal use, or attempted unauthorized or illegal use, of these materials may result in a suspension and/or cancellation of the user’s account.

Certificate requirements

In order to receive a certificate from Duke University students must:

  • Obtain a score of 80% or higher on all tests (each part of the CMA online program is divided into modules, and each module has several required exams; there is also a cumulative exam at the end of each part).
  • Complete this program in its entirety within the 6 month (12 months for the package) timeframe 
  • Pay tuition in full

Duke Certificate of completion is not required for CMA exam eligibility.

Technical requirements

The following are the minimum requirements for operating Wiley CMAexcel:

Wiley CMAexcel Offline

  • Mac
    • Supported Operating Systems: Mac OS X 10.6+ (Snow Leopard and Lion)
    • Minimum Hardware Requirements: Intel Core Duo, 1GB RAM, 775MB free hard disk space, DVD drive
    • Internet connection: An Internet connection is required to activate and update the software. Certain features require Internet access. High speed Internet access is recommended.
  • Windows
    • Supported Operating Systems: Windows 8, 7, Vista, XP SP3,
    • Minimum Hardware Requirements: Intel Pentium 4 2.33GHz, AMD Athlon 64 2800+ processor (or faster), 256MB RAM, 775MB free hard disk space, DVD drive
    • Internet connection: An Internet connection is required to activate and update the software. Certain features require Internet access. High speed Internet access is recommended.

 Wiley CMAexcel Online

  • Supported Operating Systems: Windows 8, 7, Vista, XP SP3; Mac OS X 10.1 or newer
  • Supported Browsers: Mozilla Firefox 3.5 or newer, Microsoft Internet Explorer 7 or newer – The Adobe Flash Player plugin version 10.0 or newer is required to view Video Lecture courses
  • Minimum Hardware Requirements: Intel Pentium 4 2.33GHz, AMD Athlon 64 2800+ processor (or faster), 256MB RAM
  • Internet connection: An Internet connection is required and high speed Internet access is recommended. To view Video Lecture courses online requires a minimum of a 475Kbps Internet connection – a 825Kbps or faster Internet connection is recommended.
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Schedule & Registration

Registration

Registration is ongoing; students can begin the program when it is convenient for them. Registration is not available from June 24 - June 30 annually due to the close of the fiscal year for the University.

To enroll please do the following:

  • Test drive the program! 
    • For exclusive access to a product demo send an email to wm60@duke.edu with your name and email address in the body of the email.  A password which will allow students to access the product demo will be sent via email within 5 business days and will give 5 days of access to the demo.
  • Register for this program and pay in full or have a loan certified and approved by DCS office.
  • Return the signed program policy, and expect to receive an email from the Duke program manager within five business days (excluding Duke holidays) containing information log-in instructions.
    • Please note personal email accounts are preferred as they are less likely to trigger fire walls and spam filters.
  • Log-in and begin coursework.
    • Please note the 6 months of access (12 months for the package) begins on the date the access email is sent from Duke Continuing Studies.  There is a calendar within the learning system to assist you with keeping track of time remaining in your window to complete the program.

Registration Methods

  1. Register Online using a credit card with our secure, real-time registration system, add the course to your shopping cart and follow the instructions for checking out.
  2. Register by Phone at 919-684-6259 or toll-free at 866-edu-duke, 8:00am to 5:00pm Eastern time (excluding holidays).
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Frequently Asked Questions

Who should take these course?

Professionals planning to pursue CMA certification; Management finance and accounting professionals involved in strategic, tactical, and operating decisions within their organization's financial management process; Accounting staff members preparing financial reports for non-management groups such as shareholders, creditors, regulatory agencies, and tax authorities; CPAs interested in moving into an internal corporate accounting role; Students with an interest in business analysis, management accounting and reporting, strategic management, and business applications.

Is this program offered online only?

Yes, this program is exclusively offered online and is self-paced.

Do I have to log on at certain times on certain days?

No, these courses are completely self-paced so students may schedule their coursework as they so desire within the allotted access time.

Will the Duke Continuing Studies staff assist me in finding a position?

It is incumbent upon the student to seek his/her own employment through their own endeavors. Duke Office of Continuing Studies provides no assistance with job search, career placement and/or internships nor make any claim or warrant this program will result in obtaining a position of a result of completion.

While we can’t guarantee a position will be obtained, we can assure our students that they will receive excellent training to enhance their management accounting skill set.

Are books included in the cost of tuition?

Yes, books are included in the cost of tuition. Course materials will come directly from Wiley CMAexcel and students should expect to receive them within 3-5 business days from the date their activation email is received. Online access will be granted within four business days of registration.

What is the refund policy for these courses?

There are no refunds given for online courses and tuition cannot be applied to other programs offered by Duke Continuing Studies.

What are the education and experience requirements for this program?

A Bachelor’s degree and two years of relevant work experience are strongly recommended. Foundational knowledge of economics, basic statistics and financial accounting is required.

Please note that requirements for admission into this program may differ from those required to apply for the CMA exam(s). Visit the Institute of Management Accountants for more information.

After registering, when will students receive additional program details?

Upon returning the signed program policy, registered students will receive web access information via email from Duke Continuing Studies within four business days from the date of their registration (excluding Duke holidays).

Is access to a computer required during this program?

This is an exclusively online program and access to a reliable computer is required for the duration of the program. Please refer to the Technical Requirements in the Requirements section.

How long do students have access to this online program?

Students will have access to this program for 6 months per course purchased (12 months if two-course package is purchased) from the date the access email is sent from Duke Continuing Studies.

How long does the program take to complete?

Each course (CMA 1 and CMA 1) requires about 90 to 100 hours of studying. Exact completion time will vary by student.

Are extensions granted to students who request them?

A one-time 60 day extension may be granted to students who demonstrate in writing (via email to wm60@duke.edu) the reason they require an extension. Requests will be considered by the Program Manager and a response will be delivered via email within 7 business days (excluding Duke holidays). It is at the discretion of the Program Manager to determine if the situation warrants an extension.

If an extension is granted the student must complete the program within 60 days. No further extensions will be granted. If a student cannot finish the program within that extension window, and desires to finish the program, they will be responsible for purchasing the program again in its entirety at full tuition.

Please note that if both courses are purchased as a package, only one 60 day extension will be available.

After registering, when should students expect to receive their books and online access?

Online access will be granted within four business days of registration. Course materials will come directly from Wiley CMAexcel and students should expect to receive them within 3-5 business days from the date their activation email is received.

How often is this program offered?

This program is completely self-paced and enrollment is open anytime except during the week of June 23-30 annually. Students may register and begin the program at any time.

How does a student earn the certificate of completion from Duke Continuing Studies?

Students who achieve a minimum score of 80% on all required online tests within their allotted timeframe and pay tuition upon registration will receive a certificate of completion from Duke Continuing Studies.

Will students be certified as a CMA (Certified Management Accountant) when they complete this program?

No. Students will not be “certified” as a CMA upon completion of the Duke program. They will receive a completion “certificate” acknowledging that they have met the requirements of the program.

Certification as a CMA requires passing a national examination and meeting other criteria. For more information on this designation, please visit the Institute of Management Accountants.

Will students pass the CMA exam after taking this class?

Completion of this certificate program, while excellent preparation for the exam, does not guarantee success on the certification exam itself. It is incumbent upon the student to dedicate additional study time outside of the classroom to prepare for the national exam. Furthermore, students must use the most recent edition of the CMAexcel program for this course, and may not use outdated materials.

After completing this program, are students eligible to apply for the CMA exam?

Not necessarily. It is not mandatory for students to complete the Duke program or any other education program in order to qualify for the CMA exam. However, the material covered in the Duke program will help to prepare individuals who seek to apply for the exam. Visit the Institute of Management Accountants for further details on exam eligibility requirements.

Are the certification exams (CMA 1 and 2) offered through Duke Continuing Studies?

No. Students who plan to sit for either the CMA 1 or CMA 2 exam should apply for the exam via the Institute of Management Accountants (IMA) as they administer the exam. (See http://www.imanet.org/.) Duke University Continuing Studies has no affiliation with exam registration. It is the responsibility of the student to contact IMA and adhere to exam registration deadlines, processes and related fees.

Can I take this program to earn continuing education credits needed for recertification for the CMA designation?

Please visit the Institute of Management Accountants for details about recertification credits.

Can students download program files to save for later use?

The materials used in this course, including video lessons, workbooks, quizzes and tests, are copyrighted. They are intended for individual use by registered students. Unauthorized or illegal use, or attempted unauthorized or illegal use, of these materials may result in a suspension and/or cancellation of the user’s account.

How can students contact technical support?

Technical questions should be directed to Wiley Customer Support via phone or live chat. Hours of support are from 8:00 am to 8:00 pm Monday through Friday and 9:00 am to 7:00 pm on Saturday, Eastern time.

See the Requirements section for supported platforms.

How can students contact the program mentors?

Program mentors receive immediate notifications of new posts in the Mentoring forum and will respond within 24 hours.

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Instructors

Dallon Christensen

Dallon Christensen, CMA, CFM, CPA/CITP is the Director of Accounting & Finance at Evolution Power Tools in Davenport, Iowa. Dallon assumed his current position in March 2013. Dallon’s career has spanned a great variety of industries and responsibilities since graduating with a BS degree in accountancy in 1998. Dallon began his career with John Deere, assuming a variety of positions in internal audit, general accounting, cost accounting, and business operations. Dallon was the International Internal Audit Supervisor based in Mannheim, Germany for Deere from July 2001 to October 2002. Dallon was also the cost accounting project lead for a successful SAP implementation at Deere’s largest factory in Waterloo, IA from 2004-2006.

Dallon has worked as a financial analyst at John Deere and at Cobham PLC, a manufacturer of components for the aerospace industry. Dallon has also run his own consulting and training business before joining Evolution Power Tools. Dallon has put the CMA (2000) and CFM (2001) designations he earned to good use throughout his accounting career.

B. Douglas Clinton

As a scholar-teacher, B. Douglas Clinton, CMA, CPA, Ph.D. is the Alta Via Consulting Professor of Management Accountancy at Northern Illinois University (NIU) and was the first Burge Family Faculty Fellow for NIU. An NIU Accountancy faculty member since 2001, Doug received his B.S. degree from Southwest Missouri State University (now Missouri State), his MBA from Pittsburg State University, and his Ph.D. from the University of Texas, Arlington. Doug has served as IMA’s Contributing Editor for Strategic Cost Management, and Senior Content Advisor to the IMA Research Centre of Excellence. Doug is Associate Editor for Advances in Accounting Behavioral Research, and serves on the Editorial Boards of the Journal of Accounting EducationStrategic Finance, Management Accounting Quarterly,and Issues in Accounting Education. His research emphasizes strategic costing, behavioral issues, and a variety of management accounting topics. Doug has published more than 50 articles and other publications and has made numerous presentations at national and international conferences. Among other awards, Doug was awarded the prestigious Lybrand Gold Medal for article of the year in Management Accounting (1996-97).

Doug’s professional accounting career started with KPMG (formerly Peat, Marwick, Mitchell & Company, St. Louis) and he subsequently spent several years working in corporate management accounting roles. Ultimately, he embraced an educational career working post-doctorate in higher education for the past 20 years. His teaching, research, and professional interests are all in management accounting, which is his passion. Doug recently served as a Regent on the ICMA Board for four years (2009 – 2012) and currently serves as a Director of the Resource Consumption Accounting Institute Board.

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Tuition & Funding Sources

Tuition

Part 1: $1275*, Part 2: $1275*, Parts 1 & 2: $1995*

Payment is due in full upon registration. Loans must be certified and approved by Duke Continuing Studies prior to starting program. 

*Books are included in the cost of tuition. Course materials will be mailed directly from Wiley CMAexcel and students should expect to receive them within 3-5 business days from the date their activation email is received. Online access will be granted within four business days of registration.

Course Fees are not applicable to exam fees; national exam fees are paid directly to IMA.

Members of the Institute of Management Accountants receive a $100 discount when they register for one course. Please register by phone at (919) 684-6259 if you qualify for this discount and be sure to mention it at the time of registration.

Funding Sources

Our Professional Certificate programs are non-credit (not degree applicable); therefore, they are NOT eligible for federal education loans. DO NOT SUBMIT FAFSA FORMS for these programs. Some of our programs may offer payment plans. Please see individual program web pages for those details.

No loans (Wells Fargo Graduate loan, Sallie Mae Smart Option Undergraduate loan, etc.) can be construed to imply any degree-seeking status for students of Duke Continuing studies. Duke Continuing Studies courses are non-credit.

Duke Continuing Studies (DCS) will not certify (approve) loan amounts greater than the amount of the tuition regardless of the amount approved by the lending agency. DCS reserves the right to reject any loan which exceeds the tuition amount. DCS will not be responsible for refunding monies in excess of the tuition. Students needing to secure loan funding for books or other items in relation to the program are responsible for making separate loan arrangements with the funding agency. No loan funds will be refunded to the student.

Should a student choose to borrow less than the tuition amount, the balance must be paid prior to the close of the registration period.

Please note that DCS will not certify amounts that include separate fees for books, materials, etc.  Should you choose to borrow less than the amount of the program, you are responsible for paying the balance prior to the program start date.

Loan Options

Your local bank may offer other options for loans or a "line of credit" service. Contact your bank for more information on financing choices.

Other Funding Sources

The funding options listed below may not be applicable to all programs at this time. Please contact the organization offering the funding to see if you qualify and if the funds can be used for the program in which you are interested.

Sallie Mae Smart Option Loan

To apply for this private student loan, visit Sallie Mae’s website, select the Undergraduate Student Loan and then click Apply Now.   The following application should populate with the pertinent information for Duke Continuing Studies.

Wells Fargo Graduate Loan

To apply for this loan, visit Wells Fargo. Duke Continuing Studies will be required to certify your loan application for the Graduate Loan should you be approved by Wells Fargo.

You will need to enter the following information after clicking on Apply Now in the Before Starting Your Application section:

  • Find a loan for: Graduate School Expenses
  • I am a: Student
  • School state: North Carolina
  • School name: please type Duke University Continuing Education
  • Grade Level: Beyond 3rd Year Graduate
  • Field of Study: Undecided or select Other and type in the field of study
  • Citizenship: Select as appropriate

Duke Hospital Employees

Duke University Hospital employees may be eligible for support from the Employee Development Initiative (EDI), which helps employees pay for short-term career-related programs, workshops, and seminars. For more information, visit the Employee Development Initiative site or call Duke Hospital Human Resources at (919) 668-2170.

Workforce Investment Act

The WIA provides professional and basic skills training services to those who have been unable to find employment. Please keep in mind that this process can be lengthy, so plan to apply well in advance of the program start date.  For more information on eligibility, the application process, or to find your local Workforce Development Board, visit the NC JobLink Career Center website.

AmeriCorps

AmeriCorps Education Awards are available only for AmeriCorps volunteers and can be used for educational expenses for non-degree courses, such as Continuing Education courses offered by qualified schools. For more information on qualified schools and programs, contact the National Service Trust at 1-800-942-2677, or visit the FAQ page of the AmeriCorps website.

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Policies & Procedures

Refunds for Online Courses

There are no refunds or cancellations for online courses.

A one-time 60 day extension may be granted to students who demonstrate in writing (via email to wm60@duke.edu) the reason they require an extension. Requests will be considered by the Program Manager and a response will be delivered via email within 7 business days (excluding Duke holidays). It is at the discretion of the Program Manager to determine if the situation warrants an extension.

If an extension is granted, the student must complete the program within 60 days. No further extensions will be granted.  If a student cannot finish the program within that extension window, and desires to finish the program, they will be responsible for purchasing the program again in its entirety at full tuition.

Tax Deductions

Course fees and expenses are sometimes tax deductible. Please consult an accountant concerning this matter. Non-credit programs at Duke Continuing Studies do not generate 1098-T forms, in accordance with the following IRS guideline:

Instructions for Forms 1098-E and 1098-T published by the Department of the Treasury, Internal Revenue Service, states “You do not have to file Form 1098-T or furnish a statement for: Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program…”

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