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Candidates Pursuing the CMA Designation - CMA Ontario

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					Certified Management Accountants of Ontario          Approved: November 23, 2010




                    REGULATIONS OF
          CERTIFIED MANAGEMENT ACCOUNTANTS
                      OF ONTARIO




                  REGULATIONS RESPECTING
          CANDIDATES PURSUING THE CMA DESIGNATION

                             TABLE OF CONTENTS
                  (Hold CTRL and click on section name)

Section

200          General Requirements for all CMA Programs

300          Pre-Professional Program

400          Strategic Leadership Program

500          Combined CMA Master’s Programs

700          Executive Program

900          Sponsored Professor Program

1000         Professional Advanced Standing Agreements

1100         Mutual Recognition Agreements

1200         Practical Experience




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200 General Requirements for all CMA Programs
The following regulations are applicable to all students or candidates in the CMA
Program.

201    Candidate’s Responsibility
It is the responsibility of each candidate to be familiar with the information contained in
these Regulations and the applicable candidate handbook(s). Exceptions to the
Regulations based on ignorance or unfamiliarity with any regulation will not be
considered. If a regulation is not clear to you or you are not sure how it may apply, you
are advised to contact any of the CMA Ontario accreditation department staff.

202    Code of Professional Ethics
CMA students and candidates are required to abide by CMA Ontario’s Professional
Misconduct and Code of Professional Ethics Regulation. The manner in which students
or candidates conduct their professional activities reflects on CMA Ontario and affects
the level of respect accorded the profession. This professional attitude applies to the
conduct expected of all students and candidates. Students or candidates who do not abide
by the Code of Professional Ethics may not be accepted into certified membership.

Any candidate found committing plagiarism, cheating, or other ethical infractions will at
minimum be required to successfully complete the CMA Ontario Ethics course at the
candidate’s expense in order to continue on in the CMA Program. CMA Ontario reserves
the right, at CMA Ontario’s sole discretion, to defer candidates or discontinue candidates’
registration with CMA Ontario for these infractions.


203    CMA Program Eligibility
The CMA Program combines formal academic training with practical experience in the
domain of the management accountant.

Individuals must have acquired a degree from a Canadian academic institution or a
university degree equivalent to a Canadian university degree. CMA Ontario retains the
sole right to determine whether an institution qualifies as accredited (accepted by
international standards) or accepted by international standards based on research from
available resources.

Applicants with a degree obtained outside Canada must include with their application, an
assessment of their degree by either:
       • the applicable CMA Canada Provincial/Territorial Partner; or



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       •    a recognized Canadian comparative education service.

Applicants are required to submit officially translated transcripts in English or French to
accompany their application. Transcript documentation submitted becomes the property
of CMA Ontario and will be used for an evaluation, which may include labelling the
documentation with CMA identifiers. Candidates that wish for their documentation to
remain intact or to be returned to them are required to inform CMA Ontario when the
transcript documentation is submitted.

While a copy of a transcript is sufficient for assessment purposes, students or candidates
must submit official transcript(s) prior to certification.

Courses completed through accredited universities or through an approved college degree
will be accepted towards the CMA prerequisites.

Candidates transferring credits from a college or non-university institution into a post-
secondary degree program cannot receive more than eight of the sixteen CMA
prerequisites as transfer credits. A minimum of eight of the sixteen CMA prerequisites
must be completed through the degree program itself. The following CMA prerequisites
must be completed through a university or college degree program and cannot be
transferred in:

   •   Intermediate Management Accounting
   •   Advanced Management Accounting
   •   Intermediate Financial Accounting
   •   Advanced Financial Accounting
   •   Taxation
   •   Corporate Finance


The following prerequisites completed through the American Institute of Certified Public
Accountants (AICPA), Canadian Institute of Chartered Accountants and its affiliates
(CICA), Certified General Accountants Association of Canada and its affiliates
(CGAAC), Institute of Cost and Management Accountants of Pakistan (ICMAP),
Association of Chartered Certified Accountants (ACCA), Chartered Institute of
Management Accountants (CIMA), Certified Practising Accountant Australia (CPA
Australia), and Chartered Institute of Public Finance and Accountancy (CIPFA) will be
accepted as equivalents by CMA Ontario. Only courses completed through the above
designations will be considered. Transfers and exemptions of prerequisites within these
designations will not be considered.




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           •   Introductory Financial Accounting
           •   Introductory Management Accounting
           •   Economics
           •   Statistics
           •   Taxation
           •   Internal Control
           •   Information Technology


Individual courses completed through all other professional bodies or other institutions
will not be accepted.

Candidates have five years from their point of qualification into the CMA Program to
complete the full program and receive their designation. Points of qualification include:

   Strategic Leadership Program             Date of passing the Entrance Examination

                                            Starting date of the Strategic Leadership
                                            Program
   Combined CMA Master’s Program            Entry into the Master’s Program at the
                                            university
   Executive Program                        Entry into the CMA Executive Program
   Professional Advanced Standing           Starting date of the Strategic Leadership
                                            Program
   Sponsored Professor Program              Entry into the CMA Executive Program or
                                            starting date of the Strategic Leadership
                                            Program dependent on the track of the
                                            candidate.
   Mutual Recognition Agreement             N/A

The CMA prerequisites Taxation and Advanced Financial Accounting, where required,
must be completed through an accredited Canadian institution or as part of the CMA
Accelerated Program due to Canadian specific content.


204    Mature Student Policy
Students who do not have a recognized post-secondary degree, but who have been
working in the accounting field for at least seven years, at a minimum Career Stage 2



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level (as assessed by CMA Ontario), are eligible to apply as a Mature Student. Potential
students must submit:

•   Practical experience report(s) for assessment
•   Résumé outlining current and past positions
•   Any university or college transcripts from prior education for assessment
•   Three letters of reference
       1) from employer which identifies support in the pursuit of the designation
       2) from a CMA, preferably a colleague
       3) a personal reference

Eligible prerequisites are all introductory and management courses from prior college or
university education. Any outstanding prerequisites, including all advanced level
Entrance Examination prerequisite courses, must be completed through a recognized
post-secondary institution, through degree program, or through the CMA Accelerated
Program. Once eligible, mature students must achieve the minimum grade required in
the Entrance Examination at which time they would qualify for the CMA Strategic
Leadership Program. Candidates that have entered their master’s program as a mature
student can use the completion of their master’s degree as their degree requirement.
Mature Student Status is not applicable for those candidates entering the Executive
Program, Sponsored Professor Program or through a Mutual Recognition Agreement or
Professional Advanced Standing Agreement.

205    Suitable Professional Demeanour and Team Participation
If a candidate is not, in CMA Ontario’s sole judgment, maintaining a suitable level of
professional demeanour in the program, and/or is deemed not to be meeting the team
participation requirements of the program, they may be subject to one or more possible
sanctions, including but not limited to loss of evaluation points in interactive sessions or
written assignments, specific performance directives on correcting behaviour subject to
further sanction, or withdrawal from the program and/or specific program components for
a period specified by CMA Ontario.

Observation and evaluation of professional demeanour includes, but is not limited to,
consideration of personal and professional behaviour in the setting of the interactive
sessions and/or other team components of the program, including work within a small-
team environment. Without limitation, examples of behaviours not meeting the
expectations of professional demeanour and team participation would include offensive
or lewd behaviour and/or language, behaviour that disrupts session or team functioning,
behaviour that does not demonstrate active participation in the interactive sessions and/or
team assignments, and not showing appropriate and reasonable flexibility with fellow
team members for scheduling and setting meetings and calls.




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A candidate not meeting the program’s expectations of professional demeanour, ethical
behaviour and/or team participation may also be removed from candidate status and
deemed ineligible to continue his/her pursuit of the designation.

206       Small Group Dissolution or Expulsion
Part of the rigour of the CMA Program is that candidates are expected to work together
and comprehend that part of the experience reinforces that in their careers they will work
with people of different backgrounds, goals and work styles.

In cases of group conflict, therefore, CMA small groups are expected to work together to
make reasonable efforts to resolve their issues. If the group itself is unable to resolve any
issue, they must involve, as a group, moderators in these discussions prior to requesting
transfer to a different group, expulsion of a group member, or group dissolution.

In cases where the team and moderators cannot resolve an issue, transfer, expulsion and
dissolution decisions are to be at the sole discretion of CMA Ontario.


207       Human Rights Code
CMA Ontario is aware of the constructive discrimination provisions of the Human Rights
Code. Nothing in CMA Ontario’s practical experience requirement, or in its effect upon
individuals when applied to them, shall act to deprive individuals of their right to
accommodation without undue hardship in accordance with the Ontario Human Rights
Code. Human rights complaints can be submitted to the Corporate Secretary & Registrar
of CMA Ontario.

208       Test Behaviour
Students or candidates are expected to act as professionals at all times during tests. Please
note the following instructions regarding test writing conduct:
   -      Students are expected to confirm the place and time of scheduled tests.
      -   Students or candidates are expected to come prepared with a pencil, eraser, pen,
          approved calculator admittance form and identification, to write each test.
          Candidates may be asked to remove other items at the invigilator’s discretion.
      -   Any form of collaboration between parties related to cheating - be it copying from
          another paper, or allowing copying from a test paper - will result in an automatic
          mark of zero on the test for both parties.




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      -   Students or candidates caught with a cheat sheet or who do not stop writing their
          tests when requested by the test invigilator will receive a mark of zero on their
          test.
      -   Unethical behaviour of this nature may be addressed under Section 24 of CMA
          Ontario’s Bylaws: Discipline of Members, Complaints Committee.
      -   Certified Management Accountants of Ontario has provided the invigilators and
          instructors full authority with respect to test writing conduct. Any violations of
          said conduct will be reported to CMA Ontario for action.

209       Time Limit
Students are required to pursue the CMA designation by regularly taking courses through
a recognized post-secondary institution or baccalaureate program or successfully
completing the Accelerated Program.

Candidates must complete all aspects of the CMA Program within five years of their
point of entrance into the program (see Section 203 “CMA Program Eligibility” for
definition of point of entrance).

210       Appeals
Candidates can appeal any decision made by CMA Ontario. To proceed with an appeal,
candidates are required to submit, in writing, a summary of the decision being appealed,
the candidate’s appeal case, as well as all supporting documentation pertaining to the
decision in question to the Appeal Program Advisor. Appeals will be reviewed and a
decision will be returned to the candidate in writing within six weeks.

211       Plagiarism
As CMA candidates, group work completed must be unique work performed by each
group independently and individual assignments must be unique work performed by each
candidate independently.

The CMA Program websites use Turnitin plagiarism detection software for all
assignments posted by candidates onto the site. Several years of submitted assignments
are stored in the database from candidates across Canada. The software also scans the
Web for other sources of content. If any notices of plagiarism are reported by the CMA
Canada markers or CMA Ontario moderators, either independently or with the assistance
of this software, CMA Ontario will be notified for further investigation and will be in
contact with the affected candidate’s group. Each case is reviewed individually, and may
result in the deferral or removal of the candidate(s) from the CMA Program. This policy




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Certified Management Accountants of Ontario               Approved: November 23, 2010



applies both to the candidate that used someone else’s assignment and also the student
who knowingly let someone use their assignment.

CMA Canada has developed a National Plagiarism Policy Statement and this is set out
below in the context of the CMA Program.

   Guidelines on Plagiarism in the CMA Program

   Introduction

       Researching information from published materials and sharing ideas with other
       candidates are legitimate approaches to learning and both approaches are required
       in the CMA program. However, all assignments and presentations must reflect
       original work and responses, with references to other sources correctly cited.

       The following information and policies about plagiarism have been approved by all
       the partners of CMA Canada and will be strictly enforced.

   Definition of Plagiarism

       Plagiarism consists of presenting (or misrepresenting) any part of another person’s
       work as one’s own. In the context of the CMA Program, this applies to all
       assignments, online discussions, business application reports, oral presentations,
       and Board Reports.

       Plagiarism can include phrases, paragraphs, passages or ideas taken from any book,
       website, article, encyclopedia or other reference material, another candidate’s or
       CMA Program group’s paper (past or present), anything found on the Internet, or
       any group discussions (when preparing an individual assignment), that have not
       been correctly credited to the source.

   CMA Canada’s Position of Plagiarism

       CMA Canada and its partners consider any instance of plagiarism, as defined
       above, to be cheating and a form of intellectual theft.

       By submitting their work through the CMA Program’s websites or presenting it in
       the context of a program session or formal presentation, candidates consent to their
       work undergoing plagiarism detection reviews using plagiarism detection software
       and to their submitted work being retained in a confidential database for
       comparison with other work submitted by candidates.

   Penalties



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Certified Management Accountants of Ontario                 Approved: November 23, 2010




       Suspected instances of plagiarism will be immediately reported to CMA Canada
       and/or its partners. The provincial partners will review each case individually and
       based on the outcome will assess strict penalties and disciplinary measures.

Where a candidate has been found to have committed plagiarism or violated the
Professional Misconduct and Code of Professional Ethics, the candidate will be required
to attend the CMA Ontario Ethics course at the candidate’s expense before continuing in
the program.

CMA Ontario reserves the right, at CMA Ontario’s sole discretion, to defer candidates or
discontinue candidates’ active status with CMA Ontario for these infractions.

212    Certified Membership Application
A certified membership application will be sent to all eligible candidates in June.

To be considered for certified membership, candidates must have successfully completed
all requirements for the CMA program path in which they are enrolled in full and
includes the practical experience requirement.

As well, candidates must have paid all outstanding fees and have submitted the proper
documentation by the specified due date.

Candidates will require a CMA to sponsor the certified membership application. The
sponsor must be a CMA certified member in good standing who can attest to the
candidate’s suitability for consideration for certified membership.

To maintain membership and the right to use the CMA designation, the certified
membership fee must be paid annually and members must comply with Continuing
Professional Learning and Development (CPLD) requirements.

213    Continuing Professional Learning and Development (CPLD)
The minimum requirement for CPLD for all certified members will be 120 hours or
equivalent learning credits of professional development activity to be completed and
declared in each rolling three-year period beginning July 1. A minimum of 20 learning
credits must be completed and declared annually.

Individuals who have completed their CMA designation are exempt from CPLD
activities until July 1 in the year following the receipt of their designation. Candidates
are not to complete CPLD in the year immediately following the granting of their CMA




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designation. CPLD activities completed within the exempted year are not bankable and
can not be used towards the following year’s CPLD requirement.

Candidates are to track CPLD credits obtained after July 1st of each year using the CPLD
activity tracking website which can be accessed through “My CMA Membership” login
located at: https://members.cma-ontario.org

Additional information about CPLD is available at: www.cmaontario.org/cpld

To ensure compliance with the CPLD policy, each year a number of members will be
called upon to produce supporting documentation for verification purposes. It is each
member’s responsibility to maintain a complete record of their activities for audit
purposes.

214      Membership Transfers
Membership transfers to another province are subject to the approval of the receiving
province. Students or candidates moving from Ontario to another province should submit
a written request to CMA Ontario’s office including their name, member number and the
new address and telephone numbers. They will be advised of their transfer eligibility.

215      Registration Deletions
Students or candidates may be deleted from registration with CMA Ontario for the
following reasons without notice.
      a) Inactivity: Failure to complete all requirements of the CMA designation within
         five years of eligibility.
      b) Non-payment: Non-payment of the annual registration fee or any outstanding
         accounts with CMA Ontario.
      c) Failure: Three unsuccessful attempts at any single one of the following
         components of the CMA Program:
             CMA Entrance Examination
             CMA Case Examination
             CMA Board Report
      d) Unprofessional Conduct: Failure to abide by the Code of Professional Ethics.

216      Reinstatement after Deletion
Reinstatement is not automatic. Requests will be considered in accordance with the
policies in place at the time of application for reinstatement. A letter should be submitted
to the accreditation department together with the required supporting documentation and



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Section 200: General Requirements for All CMA Programs                                  p. 10
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reinstatement fee. The letter should include: name, address, prior member number, year
of deletion, and be accompanied by your transcripts and a résumé. Reinstatements will
be reviewed and a decision will be returned to the candidate in writing within 6 weeks.

217    Appeal Process of Policy and Regulation Administration
Students or candidates whose progress may be affected by the policies and regulations
established by CMA Ontario can apply to CMA Ontario for consideration of their case.
Such appeals may include, but are not exclusive to:

   •   Extensions on Strategic Leadership Program assignment due dates
   •   Missed interactive sessions
   •   Additional time required on CMA tests or examinations

Requests should be addressed to the accreditation department and should briefly outline
the nature of the request and be accompanied by any supporting documentation.
Employment-related obligations will not be considered.

218    Fees
To maintain active status, candidates are required to submit an annual registration fee
upon receipt of their invoice (where applicable). This fee is tax deductible as a tuition
fee. The fee covers the period of July 1 to June 30 and is non-refundable. Students or
candidates who have not submitted the fee will have their status inactivated without
notice.

Strategic Leadership Program students who pass the June Entrance Examination will be
invoiced in August for the difference between the pre-professional student fee and the
accreditation student fee. Payment is due immediately upon receipt of the invoice.
Candidates who pass the October Entrance Examination will be invoiced in December for
the difference between the pre-professional student fee and the accreditation student fee.
This amount will be pro-rated to reflect that half of the membership year has concluded.
Payment is due immediately upon receipt of the invoice.

Year Two candidates who have not submitted their fees by July 30 will not have their
assignments marked and will not be able to attend the next interactive session. They may
also have their status inactivated without notice.

Upon application for certification, Strategic Leadership Program candidates are required
to pay the difference in membership fees from accreditation candidate membership to
certified membership. Candidates in the Combined CMA Master’s Program, Executive
Program, Sponsored Professor Program, or Mutual Recognition Agreement are required
to pay the certified membership fee in full.



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Certified Management Accountants of Ontario              Approved: November 23, 2010




All requests for an official transcript of CMA credits or application for reinstatement
must be accompanied by the applicable fees, which are not tax deductible, and will
require three weeks for the request to be processed.

219    Food Allergies
CMA Ontario and its catering services will take every necessary precaution to prevent
cross contamination regarding food allergies or food sensitivities. However, CMA
Ontario assumes no liability should there be an allergic reaction of any kind.




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300 – Pre-Professional Program
Please click here to review the General Requirements for all CMA Programs.

301    Accelerated Program Eligibility
To be eligible for the Accelerated Program, students must have an eligible post-
secondary degree or have qualified as a CMA mature student and have completed the
following CMA prerequisites with a minimum grade of 60% in each required course
prior to commencement of the program:
           Introductory Financial Accounting
           Introductory Management Accounting
           Economics
           Statistics

The Introductory Financial Accounting and Introductory Management Accounting
prerequisite(s) can be fulfilled through the online learning courses offered through
Certified Management Accountants of Ontario (CMA Ontario). These courses are for
use towards the CMA Ontario program only and may not be recognized at the university
level or for the future CMA Ontario Public Accounting Program under development.

To register for the Introductory Management Accounting online learning course offered
through Certified Management Accountants of Ontario, students must have fulfilled the
Introductory Financial Accounting prerequisite first.

Students must successfully pass the CMA Accelerated Program (with a minimum 60%
final grade) to be eligible to write the Entrance Examination.

The program is available by full-day Saturday or Sunday lectures in selected centres, or
by online learning. The program is divided into two segments: Segment 1 covers Weeks
1-11 and Segment 2 covers Weeks 12-22.

A 14 month option of the Accelerated Program is now offered on weekday evenings,
which is approximately at half the pace of the regular program.

The program fee includes all course material.


302    Accelerated Program Evaluation
Student evaluation is based on performance in each segment, which is evaluated on the
basis of one three-hour test, one four-hour test, and the completion of weekly quizzes in



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Section 300: Pre-Professional Program Requirements                                  p. 13
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each segment. In addition, students must complete six (6) mandatory management studies
quizzes.

Students must complete the following management studies quizzes within Segment 1 of
the program: Marketing, Human Resources, Operations Management and Information
Technology. Students must then complete the Internal Control and Strategic Management
quizzes, within two weeks of Test 4 (the final Accelerated Program test in Segment 2).
To successfully pass the Accelerated Program and qualify for the Entrance Examination,
students must achieve a minimum grade of 60% in each segment as well as successfully
complete all of the management studies quizzes.

After enrolling, students are provided with access to an interactive web-based learning
environment. This website contains detailed lesson notes, reinforcement problems with
solutions, pre-recorded online lectures, and related materials. Those enrolled in the online
learning option can pose specific questions on the material to an instructor via email,
while lecture students will be able to attend classes and ask questions directly to their
instructor or online. Additionally, all students will be provided with a Financial
Accounting Primer to review prior to beginning the program to assist in reinforcing the
Introductory Financial Accounting material. Students who request the complimentary
English language support program are provided with the CMA ESL lecture ready primer.

The lesson notes and related reinforcement problems and solutions have been designed to
assist students in managing their own time in order to develop a good understanding of
the topics. It is recommended that students allow for a minimum of 20 hours of study
time, on average per week, in addition to the in-class and/or online lecture viewing time.

303    Accelerated Program Tests
It is mandatory that students write all four Accelerated Program tests on their scheduled
date at the supervised test centre they are assigned. Students (whether taking the program
by lecture or online learning) who miss a test for any reason must contact the CMA
accreditation office in writing, no later than the Monday following the missed test to
appeal for accommodations to be made. Appeals are considered on a case by case basis.
Only those students with legitimate reasons for missing a test will be considered.
Students who miss a test for any reason that is not accepted on appeal will be assigned a
mark of zero for that module, and his or her performance in the CMA Accelerated
Program will be deemed incomplete and necessitate re-taking the entire program.

Location confirmations for the tests will be posted to the Accelerated Program website
two weeks prior to each test.




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Section 300: Pre-Professional Program Requirements                                    p. 14
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Two to three weeks after each test, lecture students will have test books returned in class,
while online students test books will be returned via regular mail. CMA Ontario does not
return Scantron forms or test question papers.

Distance learning tests are marked by a professional marker using a template of solutions
and marking key. Should a student disagree with the marking, a re-mark may be
requested. The original test should be returned to the CMA office within 14 days of
receipt, outlining the student’s concerns, and payment of $56.50. The re-mark will be
returned to the student with appropriate commentary within two (2) weeks. If a student’s
mark changes, the re-mark fee will be refunded. Note that the student’s final grade on the
test will be the re-mark mark, even in the event that that mark is lower than their original
grade.

Students are required to arrange personal and professional commitments around CMA
Accelerated Program Examination dates. Students will not be admitted to the
examination room after an Accelerated Program Examination has been in progress for 30
minutes.

The following is a list of materials that can be taken into an examination centre for use
during the examination:
           Pens, pencils, erasers, and rulers
           One of the following financial calculators: Texas Instruments TI BA II Plus
           (including the professional model), Hewlett Packard HP 10bII (or HP 10Bii)
           or the Sharp EL-738C

All other materials are prohibited.

Students must have a soft lead pencil with them when writing the examination to enable
them to record their answers to the multiple-choice questions on a Scantron answer sheet.

Examination material issued to students at the beginning of and during the examination
(i.e., question paper, supplement of formulas and tables, envelope and answer paper)
cannot be removed from the examination centre. Students must submit all required
examination material in their envelope along with their answer paper and return the
envelope and all unused answer paper to the presiding officer. Any work done on the
question paper, supplement formulas or unofficial answer sheets will not be marked.

Any texts, lesson notes, cell phones, reading material, briefcases, etc., will not be allowed
into an examination centre. All formulae needed to write the examination will be supplied
as part of the examination question paper.




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Section 300: Pre-Professional Program Requirements                                     p. 15
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Accelerated Program Examinations will not be returned or available for review once the
student has submitted it for marking.

304    Accelerated Program – Program Cancellation
Program cancellations are accepted only when the request is postmarked no later than the
third week of the program - no cancellations will be considered after this date. Requests
for transfers between sessions (i.e. Fall to Winter, Winter to Fall), are deemed to be
cancellations and are subject to the program cancellation policies outlined above.
Requests for cancellations must be submitted in writing. Students who are unable to
continue the program due to extenuating circumstances may request a deferral of the
program. Deferrals are considered on a case by case basis.

The graduated refund reduction for which students will be eligible is set out in the Pre-
Professional Handbook. All cancellations are subject to the administration fee, even if a
student is cancelling in advance of the enrolment deadline date. Program material cannot
be returned for credit.

Should students not continue in the program, an incomplete status will be added to their
file. An incomplete status will necessitate re-taking the entire program.

Students should consider the instructions regarding inactivity (see Pre-Professional
Handbook) prior to cancelling the program. Cancellation in one offering requires re-
admission to the next available offering only, or completion of an eligible post-secondary
credit within six months if not continuing with the Accelerated Program option.

305    Repeating the Accelerated Program
Students who fail their first attempt at the program by receiving a final grade of less than
60% on Segment 1 and/or Segment 2 may take a re-write test for each failed segment.
Re-write tests are made available to students on the scheduled re-write dates for their
current program as well as the following year’s program. Students also have the option of
re-taking the entire program. A student must show a reasonable attempt at each test
within the initial enrolment in order to be eligible for re-testing. Attendance at the
commencement of the test writing, with a minimum of 2/3 of the test questions attempted
is required.

Students will not be permitted to register for the Entrance Examination until they have
successfully passed the required segment test(s). The segment re-write mark replaces the
marks for the two tests in the segment and the weekly quiz grade (if lower than the
segment re-write grade), but will not affect management studies quizzes completion.




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Section 300: Pre-Professional Program Requirements                                    p. 16
Certified Management Accountants of Ontario               Approved: November 23, 2010



A successful attempt at the CMA Accelerated Program is valid for three years after which
students must re-qualify for the CMA Entrance Examination by either re-taking the CMA
Accelerated Program or qualifying by completing courses through an accredited
(accepted by international standards) eligible post-secondary degree.

306    Entrance Examination Eligibility
To be eligible to write the Entrance Examination, students must have completed all of the
prerequisite studies indicated on their transcript evaluation by the examination date, or
have successfully completed the Accelerated Program.

Students must write the Entrance Examination at the first scheduled offering after
registering with CMA Ontario and becoming eligible by completing the required
prerequisite studies or the Accelerated Program.

Activity regulations require that successful Fall Accelerated Program students write
the Entrance Examination in June, and that Winter students write in October. Only
upon written approval from CMA Ontario may students defer the Entrance
Examination to a later sitting. Failure to enrol for the corresponding Entrance
Examination sitting without prior deferral approval from CMA Ontario will result in an
unsuccessful attempt at the Entrance Examination.

All students sitting for the CMA Entrance Examination are required to first complete the
CMA Entrance Examination Preparation Program.

307    Entrance Examination Materials
The following is a list of materials that can be taken into an examination centre for use
during the examination:
           Pens, pencils, erasers, and rulers
           One of the following financial calculators: Texas Instruments TI BA II Plus
           (including the professional model), Hewlett Packard HP 10bII (or HP 10Bii)
           or the Sharp EL-738C.

All other materials are prohibited.

Students must have a soft lead pencil with them when writing the examination to enable
them to record their answers to the multiple-choice questions on a Scantron answer sheet.

Examination material issued to students at the beginning of and during the examination
(i.e., question paper, supplement of formulas and tables, envelope and answer paper)
cannot be removed from the examination centre. Students must submit all required




Regulation Respecting Candidates Pursuing the CMA Designation
Section 300: Pre-Professional Program Requirements                                  p. 17
Certified Management Accountants of Ontario               Approved: November 23, 2010



examination material in their envelope along with their answer paper and return the
envelope and all unused answer paper to the presiding officer. Any work done on the
question paper, supplement formulas or unofficial answer sheets will not be marked.

Any texts, lesson notes, reading material, briefcases, etc., will not be allowed into an
examination centre. All formulae needed to write the examination will be supplied as part
of the examination question paper.

308    Entrance Examination Admittance
The admittance form must be taken to the examination centre along with photo
identification. If the admittance form is not received 7 days before the examination,
contact the accreditation department.

A detailed booklet outlining examination procedures and regulations will be sent to each
student in advance of the examination sitting, with his or her location confirmation.

Students will not be admitted to the examination room after the Entrance Examination
has been in progress for 45 minutes.

309    Repeat Entrance Examinations
Students are allowed three attempts at the Entrance Examination.

Students who are unsuccessful on the Entrance Examination, must attempt the rewrite
within 13 months of the first attempt.

310    Current Entrance Examination Syllabus Requirement
The Entrance Examination is held twice each year, in mid-June and mid-October. The
Entrance Examination is four hours in duration and is comprised of approximately 120
multiple choice questions.

The pass mark for the CMA Entrance Examination is 60%. Students must pass the
Entrance Examination to proceed into the Strategic Leadership Program.

311    Accredited University Programs
Students who have graduated from a CMA accredited university program, have
completed all 16 of the CMA prerequisites within that program with a minimum grade of
60%, and have a CGPA greater than or equal to 75% will be exempted from the Entrance
Examination. Those students who receive a waiver of the Entrance Examination, due to
their success in an accredited university program or professional advanced standing, are
eligible for the Strategic Leadership Program. The waiver is valid for three years from



Regulation Respecting Candidates Pursuing the CMA Designation
Section 300: Pre-Professional Program Requirements                                  p. 18
Certified Management Accountants of Ontario                 Approved: November 23, 2010



students’ graduation date, or professional advanced standing approval date. Failure to use
this waiver within the three-year period will require students to complete the Entrance
Examination.

For students to receive the waiver from the CMA Entrance Examination, no more than
eight of the sixteen prerequisites required for eligibility for the CMA Entrance
Examination can be transferred into an accredited program from an outside program.
Students that have received advanced standing or transfer credits into a CMA accredited
program are required to submit the transcripts from the original institution at which the
transferred courses were taken and the grades for these courses will be used in the
calculation of the CGPA.

The following CMA prerequisites must be completed through the CMA accredited
program and cannot be transferred in:

Intermediate Management Accounting
Advanced Management Accounting
Intermediate Financial Accounting
Advanced Financial Accounting
Taxation
Corporate Finance

Students who received a waiver of the Entrance Examination due to their CMA
accredited university program are eligible for the Strategic Leadership Program. The
waiver is valid for three years from students’ graduation date. Failure to use this waiver
within the three-year period will require a student to complete the Entrance Examination.

Students who receive a waiver from the Entrance Examination due to their Professional
Advanced Standing (PAS) are eligible for the Strategic Leadership Program. The waiver
is valid for three years from the time that it is granted. Failure to use this waiver within
the three-year period will require students to complete the Entrance Examination.

312    Preparing for the Entrance Examination
To assist students in thoroughly preparing for the Entrance Examination, a number of
programs are available:
           Accelerated Program
           Entrance Examination Preparation Sessions – Part of the Entrance
           Examination program
           Entrance Examination Study Guide – Part of the Entrance Examination
           program




Regulation Respecting Candidates Pursuing the CMA Designation
Section 300: Pre-Professional Program Requirements                                    p. 19
Certified Management Accountants of Ontario                Approved: November 23, 2010



CMA Ontario offers a Preparation Program via lecture classes or online learning for
students enrolling for the Entrance Examination. The Preparation Program consists of
five (5) review sessions and an opportunity to write two (2) mock examinations at a
supervised test centre. The Entrance Examination Preparation Program is provided to all
students writing the CMA Entrance Examination.

The sessions will be held in selected centres across the province provided sufficient
enrollment exists. While online students will not attend lecture classes, they are expected
to attend a test centre to write the two mock examinations. Copies of mock examinations
will not be provided via email or mail to students who are unable to attend the scheduled
sitting.

313    Entrance Examination Deferral
Entrance Examination deferrals will only be granted in extenuating circumstances at the
discretion of CMA Ontario.

Normal employment related obligations (i.e., month and year-ends, tax season, special
projects) are not considered valid reasons for a deferral.

If a deferral is granted, no additional time is added to a students’ time limit for
completing the program.

Applications for deferrals must be submitted in writing and must be supported by the
appropriate documentation.

Students who are granted a deferral after the cancellation deadline are not eligible for a
refund. The Entrance Examination fee is not transferable to the next Entrance
Examination, for example, from a June to an October sitting.

314    Entrance Examination Cancellations
Cancellations of the Entrance Examination and/or Preparation Sessions, when an appeal
for deferral has been approved and confirmed in writing by CMA Ontario, are accepted
for refund only when the request is postmarked no later than two weeks after the
enrolment deadline. Any cancellations granted after this date will not be eligible for a
refund, regardless of the circumstance, and fees may not be transferred to another sitting.

315    Refundable Fees
Students cancelling out of the Entrance Examination in accordance with the cancellation
policy are entitled to a refund of the examination fees, less the applicable administration
fee.



Regulation Respecting Candidates Pursuing the CMA Designation
Section 300: Pre-Professional Program Requirements                                   p. 20
Certified Management Accountants of Ontario              Approved: November 23, 2010




All cancellations are subject to an administration fee, as specified on the application
form, even if students cancel in advance of the enrolment deadline date.

316    Time Limit for Attempting the Entrance Examination
Students must attempt the Entrance Examination at the first scheduled offering after
registering with CMA Ontario and completing the prerequisite studies, unless a written
deferral request has been approved.

317    Entrance Examination Results
Results are available online approximately four to six weeks after the examination is
written, and are also posted on the CMA Canada web site, www.cma-canada.org, and are
accessible only by students. Under no circumstances will results be released by
telephone.

A mark of 60% must be attained in order for students to have achieved a pass in the
Entrance Examination.

A successful attempt at the CMA Entrance Examination is valid for three years.

318    Experience
Please click here for details about Practical Experience Requirements.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 300: Pre-Professional Program Requirements                                p. 21
Certified Management Accountants of Ontario                Approved: November 23, 2010



400 – Strategic Leadership Program (SLP)
Please click here to review the General Requirements for all CMA Programs.

401    Strategic Leadership Program Eligibility
The Strategic Leadership Program (SLP) is an accreditation requirement which begins
after completion of or waiver of the CMA Entrance Examination. The two-year Strategic
Leadership Program includes work-related assignments marked nationally, interactive
sessions, a Case Examination, a Board Report, plus monitored practical experience.

402    Study Format
The Strategic Leadership Program is a two-year program divided into two (2) phases: the
Development Phase which consists of three (3) modules of largely independent study and
the Application Phase which consists of three (3) modules of largely group work. Over
the two-year period there is an orientation session, six two-day interactive sessions and a
final day to present the Board Report. While CMA Ontario recommends beginning the
Strategic Leadership Program immediately following the successful completion of the
Entrance Examination, candidates may defer starting the program for one year.

The orientation session is held in late September or early October for the Fall intake of
candidates and in January for the Winter intake of candidates. Attendance at all sessions
is mandatory.

Upon enrolment, candidates are registered to a group consisting of 25-30 candidates and
progress through the two-year program with the same group and two moderators assigned
to the group. During the interactive sessions, candidates discuss problems and cases both
in small groups (4-6) and in the large group, with presentations to the full group.
Candidates are expected to be able to discuss the issues, share their views and insights
and provide relevance to the topics through personal experience in their individual
organizations.

Each of the modules requires approximately 75 hours of preparation. To develop a
candidates’ integrative, analytical and report writing skills, a variety of assignments are
incorporated into the program.

403    Assignment Submissions
During the individual Development Phase (Year One), there are approximately two
assignments per module submitted to a national marking team for marking and feedback.
Other assignments during the module consist of online discussions, Business Application




Regulation Respecting Candidates Pursuing the CMA Designation
Section 400: Strategic Leadership Program (SLP)                                      p. 22
Certified Management Accountants of Ontario                  Approved: November 23, 2010



Reports (BAR), preparation for and participation during the interactive session as
evaluated by the moderators.

It is strongly recommended that candidates ensure that their assignments have been
successfully posted on the CMA Canada Professional Programs website, as CMA Ontario
will assume no responsibility for assignment posting errors. Submission of the
assignments and reports is mandatory. Failure to submit an assignment will result in a
deferral of candidates’ studies until the next year. Late reports will be subject to penalties
such as having to complete another assignment or assessment reductions. Candidates who
submit an assignment substantially after the deadline may be subject to a late marking fee
as well as a “Below Expectations” assessment. Candidates who receive an assessment of
“Below Expectations” on two reports will be required to perform remedial work
including re-submitting the assignment to the moderator or possible deferral. Please note
only one (1) Word 2007 format file is to be submitted to the website for the report. All
exhibits, charts, etc. need to be embedded in the Word document.

Candidates who submit two (2) late assignments or reports may be required to defer their
studies and restart the program. This deferral is conditional upon their eligibility to defer
the program and still remain in compliance with the time limit policy. Candidates who
submit an unacceptable report will be required to re-submit the report, which will not be
marked. Any decision on deferral is at the sole discretion of CMA Ontario.

Candidates experiencing difficulty in submitting a report may request an extension to the
due date. Extensions are only granted in unusual circumstances. Normal employment
related obligations (e.g., month and year-ends, tax season, special projects) will not be
considered.

Candidates must submit in writing a request to CMA Ontario Candidate Support
Representatives at least 48 hours before a due date to request an extension. If an
extension is warranted, supporting documentation may be required. Permission to submit
one (1) report or assignment late affects only that report.

Reports due before an interactive session must be submitted to be eligible to attend that
session. Candidates who are ineligible to attend an interactive session will be contacted
by CMA Ontario.

The moderators will evaluate the totality of assignments and interactive session
participation for each module, and will provide an overall module assessment. If any
interactive session is deemed to be “Below Expectations”, at the discretion of CMA
Ontario, candidates will either be deferred for one year (candidates will continue the
following year from the beginning of the SLP year in which they were deferred) or will
be given the opportunity to complete an additional assignment that will be marked



Regulation Respecting Candidates Pursuing the CMA Designation
Section 400: Strategic Leadership Program (SLP)                                         p. 23
Certified Management Accountants of Ontario                 Approved: November 23, 2010



provincially. In addition, candidates will have to achieve a grade of “Meets
Expectations” or “Above Expectations” to continue in the program.

404    Interactive Session Participation
Candidates who do not attend either an entire, complete session or make acceptable
alternative arrangements with CMA Ontario to attend another offering will be required to
defer their studies and re-start the program the following year. This deferral is conditional
upon the eligibility to defer the program and still remain in compliance with the time
limit policy. If alternative arrangements are required, candidates should contact CMA
Ontario at least three weeks prior to the session.

In the Development Phase (Year One), candidates who request to attend a different SLP
session than the one in which they are registered will be charged a session transfer fee.
Given the small group work required in Year Two of the program, sessions transfer will
not be permitted for Interactive Sessions 4, 5 or 6. All session transfers are at the sole
discretion of CMA Ontario.

405    Module Assessments
Module assessments will be uploaded to the CMA Canada Professional Programs website
by the moderators within two weeks of each module’s completion once the session
survey has been submitted. The module assessment indicates candidates’ performance on
the written assignments as well as the interactive session.

406    Progress Reports
Progress reports will be uploaded to the CMA Canada Professional Programs website by
the moderators within two weeks of each module’s completion. The progress report
indicates candidates’ cumulative performance to date.

As the schedule for each year of the program is published well in advance, it is a
candidate’s responsibility to arrange personal activities around these deadlines.

Deferral requests must be made in writing before the enrolment deadline.

407    Fees
The total fee for the two-year program includes all study materials, marking of
assignments and reports and applicable meals while attending the interactive sessions.
The non-refundable fee will be payable in four installments. Invoices will be sent four
weeks prior to the installment due date. An administrative fee will be assessed on each
installment not received or post-marked by the due date. Audits of failed Case
Examinations or Board Reports are not included in the regular fee and these requests will



Regulation Respecting Candidates Pursuing the CMA Designation
Section 400: Strategic Leadership Program (SLP)                                        p. 24
Certified Management Accountants of Ontario               Approved: November 23, 2010



be charged an additional fee. Likewise, re-writing the Case Examination after a failed
attempt is also subject to an additional fee.

Cheques should be made payable to Certified Management Accountants of Ontario.

Candidates who have not submitted the installments by the due dates will not be allowed
to attend the next interactive session and may be deleted from membership.

408    Expenses
Candidates are responsible for all travel, accommodation, dinner, parking and other
personal expenses incurred to participate in interactive sessions or other meetings.

409    Material
All readings, reports, and assignments are to be downloaded from the CMA Canada
Professional Programs (CPP) website at www.cma-cpp.com.

CMA Ontario encourages candidates to evaluate all aspects of the Strategic Leadership
Program – session content, delivery and moderators. Evaluation sheets for each
interactive session are completed electronically on the CPP website at the completion of
each module. Each evaluation sheet must be submitted by the Tuesday following the
session in order for session grades to appear when they are available.

Evaluations are reviewed by CMA Ontario to identify areas requiring improvement.
Many issues relating to session format and moderator performance are handled
immediately. Moderators receive a summary of the evaluations after each session.

410    Deferrals
Candidates who voluntarily decide or are required to defer the program for one year will
be required to continue in the program from the beginning of the year in which they were
when they deferred (SLP Year One or SLP Year Two). This deferral is conditional upon
their eligibility to defer the program and still remain in compliance with the time limit
policy.

Candidates who defer their studies should be aware that they may have to repeat part or
the entire program if the Strategic Leadership Program competencies change
significantly.

All deferrals of the program are at the discretion of CMA Ontario. Candidates who wish
to defer the program to a future intake must present their request in writing to CMA
Ontario. Deferral requests must be made at one of the following times:



Regulation Respecting Candidates Pursuing the CMA Designation
Section 400: Strategic Leadership Program (SLP)                                     p. 25
Certified Management Accountants of Ontario               Approved: November 23, 2010



           Prior to the application deadline for the Development Phase (Year One)
           Prior to interactive session 4 for the Application Phase (Year Two)
           The May Case Examination may defer to write the August Case Examination
           for SLP Year One Fall intake candidates. Candidates will not be required to
           repeat the entire first year of the program if they defer the Case Examination,
           but may be required to attend a preparation session
           All other deferral requests will be reviewed by CMA Ontario and only granted
           for medical and other significant hardship and evaluated on a case by case
           basis.

Deferrals do not extend the time limitations of the program, so candidates must be aware
of the time limit when considering deferral.

411    Withdrawals
Candidates who withdraw will be advised of the year from which they must continue. All
of the modules will have to be repeated as candidates may only enter the program at the
commencement of Year One or Year Two. Candidates who withdraw from the Strategic
Leadership Program will receive a refund of the Strategic Leadership Program fees only
for the portion of the program not completed

All refund and deferral requests must be made in writing to the attention of the
accreditation department, CMA Ontario.

Cancellation and deferral refunds, if any, are dependant on when candidates withdraw
from the Strategic Leadership Program or any related re-write during the specified time
frame. Please refer to the Strategic Leadership Candidate Handbook for details on the
graduated refund levels. The refund schedule takes into account the committed fixed
costs of each Strategic Leadership Program group (such as moderator and facility costs)
when deciding to run a particular number of groups.

CMA Ontario will honour the date the written request for cancellation or deferral is
received by CMA Ontario only. Refunds are issued only when all charges
outstanding on candidates’ account have been paid.

The Strategic Leadership Program consists of two elements that all candidates must pass:
the CMA Case Examination and the Board Report

412    Case Examination
To be eligible to write the Case Examination, candidates must have achieved “Meets
Expectations” or above for each of the three modules in the Development Phase.



Regulation Respecting Candidates Pursuing the CMA Designation
Section 400: Strategic Leadership Program (SLP)                                      p. 26
Certified Management Accountants of Ontario                Approved: November 23, 2010




The Case Examination is a four-hour examination that tests candidates’ ability to apply
the six functional competencies (Strategic Management, Performance Measurement,
Performance Management, Financial Resource Management, Risk Management and
Governance, and Financial Reporting) and the four enabling competencies (Problem-
Solving and Decision-Making, Leadership and Group Dynamics, Professional and
Ethical Behaviour, and Communication) by demonstrating integrative thinking and
problem solving skills. Forty-eight hours before the Case Examination, candidates will
be given a document that provides background on a fictitious company and at the outset
of the examination, additional information will be provided that will form the heart of the
Case Examination.

Candidates who wish to write the Case Examination by laptop will utilize SecureExam
software. Instructions and details regarding this software will be provided in advance. A
SecureExam user’s guide will be available in the reference section of the CMA Canada
Professional Programs website. SecureExam is permitted on PC-based computers only.
Please note that any Apple, PowerPC, Macintosh (MAC) laptops are not permitted even
if the laptop can run Windows.

Candidates must achieve 60% to pass the Case Examination and must pass the Case
Examination to move to the second year, or the Application Phase. Unsuccessful
candidates will be deferred until the next available sitting of the Case Examination.

Strategic Leadership Program candidates that have been unsuccessful in the CMA Case
Examination will be required to participate in a mandatory prep session before being
permitted to make an additional attempt at the CMA Case Examination. Candidates can
take the CMA Case Examination a maximum of three times. A subsequent attempt may
be granted upon appeal.

413    Board Report and Presentation
The last requirement of the program is a group Board Report designed to review and
integrate the topics in the Strategic Leadership Program. The Board Report is to be
10,000 words, plus exhibits. A period of more than two months will be given to complete
the written report.

The written report will be graded by CMA Canada. A presentation based on this report
will be made to a panel of CMAs. The presentations will be scheduled over several
weekends in June and are included on the Year Two Strategic Leadership Program
schedule as outlined on the CMA Canada Professional Programs website. As the dates
and times for the presentations are not flexible, candidates should not schedule other
activities for those days.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 400: Strategic Leadership Program (SLP)                                      p. 27
Certified Management Accountants of Ontario               Approved: November 23, 2010



Candidates will be assigned a group of three to six candidates to work with on the Board
Report. This will be the same group as that which candidates have been with throughout
the Development Stage of the Strategic Leadership Program.

Candidates must obtain a grade in excess of 60% on a combination of the written Board
Report and Presentation and is broken down as follows:

              Written Report         70 percent
              Presentation           30 percent

There will also be peer evaluation to ensure that all candidates made a positive
contribution to the Board Report and group work during the year. Candidates who do not
make a suitable commitment may be deferred from certification and required to repeat
the entire second year of the program and the Board Report the following year. For
instance, if a group passes the Board Report but peer feedback and evidence provided by
teammates attests that a teammate(s) did not share adequately in the project, that
candidate can still be deferred from certification and will be assigned to another team to
repeat the Board Report the following year. Although, the Board Report is a group
project, all members must do their part to earn the CMA designation.

414    Board Report Failure
Candidates who fail the CMA Board Report may be required to repeat elements of the
program in the following year. Candidates will be advised which elements must be
repeated. Candidates can complete the CMA Board Report a maximum of three times. A
subsequent attempt may be granted upon appeal.

SLP candidates who have been unsuccessful in the CMA Board Report will be required
to participate in a mandatory prep session before being permitted to make an additional
attempt at the CMA Board Report.

Candidates who do not complete all requirements of the Strategic Leadership Program
including practical experience within five years of entering the Strategic Leadership
Program will have their status inactivated (see Strategic Leadership Program Candidate
Handbook                                at                             http://www.cma-
ontario.org/multimedia/Ontario/attachments/SLP%20Handbook%202010-2011.pdf).

415    Experience
Please click here for details about Practical Experience Requirements.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 400: Strategic Leadership Program (SLP)                                     p. 28
Certified Management Accountants of Ontario              Approved: November 23, 2010



500 – Combined CMA Master’s Programs
Please click here to review the General Requirements for all CMA Programs.

501    Eligibility
Individuals who, at an earlier time, failed the CMA Entrance Examination will only
become eligible to apply for the CMA designation through a master’s program after a
waiting period of five (5) years.

The CMA designation can be obtained concurrently with the awarding of the master’s
degree, or upon completion of the required CMA evaluations post degree within a three-
year period. To be eligible to apply for the CMA designation, candidates must
successfully complete a master’s program in accordance with the completion
requirements set by the university. Candidates must achieve a minimum grade of 60% on
each CMA required course. All CMA accredited Combined CMA Master’s Program
candidates must achieve a minimum grade of 60% on each CMA required course and a
75% overall average on the CMA required courses in order to qualify for the waiver of
the CMA Entrance Examination. Please refer to the Combined CMA Master’s Program
candidate handbook for a list of accredited programs and requirements.

CMA for MBA Program

CMA for MBA candidates must be eligible for the Strategic Leadership Program (SLP).
This may require candidates to complete the CMA Accelerated Program and the CMA
Entrance Examination prior to enrolment in the CMA for MBA program. Please contact
CMA Ontario to discuss this process. These candidates also complete four (4) courses
through Wilfrid Laurier University prior to qualifying to write the Case Examination and
Board Report.

502    Evaluation
Evaluations include:
   • Accelerated Program (as required): Combined CMA Master’s Program candidates
       must complete and pass the Accelerated Program with a minimum passing mark
       of 60%.
   • Entrance Examination: Combined CMA Master’s Program candidates must write
       and pass the Entrance Examination with a minimum passing grade of 60%, unless
       granted a waiver through completion of a CMA Canada accredited academic
       institution with a CGPA of 75% or its equivalent.
   • Combined CMA Master’s Program candidates are required to complete a
       mandatory preparation session before completing the CMA Case Examination or



Regulation Respecting Candidates Pursuing the CMA Designation
Section 500: Combined Masters Programs                                             p. 29
Certified Management Accountants of Ontario                 Approved: November 23, 2010



          Board Report (this preparation session is included as part of the Wilfrid Laurier
          Combined CMA Master’s Program).
      •   Case Examination: Combined CMA Master’s Program candidates must write and
          pass the Case Examination with a minimum pass mark of 60%.
      •   CMA Board Report with a minimum pass mark of 60%.


503       Assignment Submission
In the Combined CMA Master’s Program, there is typically one assignment (the Practice
Case Examination) which is submitted for marking and feedback. Other assignments
consist of preparation for and participation during the preparation program sessions.

Assignments are based on independent work on the assigned case at the end of the Case
Examination Preparation Program. All assignments must be submitted to the CMA
Canada Professional Programs website no later than 4:30 p.m. on the due date.

It is strongly recommended that candidates ensure that their assignment has been
successfully posted on the CMA Canada Professional Programs website, as CMA Ontario
will assume no responsibility for assignment posting errors. Submission of the
assignment is mandatory. Failure to submit an assignment will result in a deferral of
candidates’ studies until the next year. Late reports will not be marked.

Please note only one (1) Word 2007 format file is to be submitted to the website for
reports. All exhibits, charts, etc. need to be embedded in the Word document.

Candidates experiencing difficulty in submitting a report may request an extension to the
due date. Extensions are only granted in unusual circumstances. Normal employment
related obligations (i.e., month and year-ends, tax season, special projects) will not
be considered.

Candidates must email CMA Ontario’s Candidate Support Representatives at least 48
hours before a due date to request an extension. If an extension is warranted, supporting
documentation may be required. Permission to submit an assignment late affects only that
report.

504       Case Examination
Combined CMA Master’s Program candidates who have been unsuccessful in the CMA
Case Examination will be required to participate in a mandatory prep session before
being permitted to make an additional attempt at the CMA Case Examination.
Candidates who do not attend either a complete CMA Case Examination or CMA Board
Report preparation session or do not make acceptable alternative arrangements with



Regulation Respecting Candidates Pursuing the CMA Designation
Section 500: Combined Masters Programs                                                p. 30
Certified Management Accountants of Ontario                Approved: November 23, 2010



CMA Ontario to attend another offering will be required to defer their studies and
continue in the program from that point in the next offering. If alternative arrangements
are required, candidates should contact CMA Ontario at least three weeks prior to the
session. This deferral is conditional upon their eligibility to defer the program and still
remain in compliance with the time limit policy.

As the schedule for the program is published well in advance, it is a candidates’
responsibility to arrange personal activities around these deadlines. Candidates who wait
until after a missed deadline to re-schedule will be charged an administrative fee.

Candidates can take the CMA Case Examination a maximum of three times.                   A
subsequent attempt may be granted upon appeal.

Candidates who, at an earlier time, failed a CMA Canada qualifying examination
(Entrance Examination) are eligible to pursue the designation through this route but are
still only allowed three attempts of the Case Examination in total.

505    Board Report and Presentation
The Board Report is a group Board Report designed to review and integrate the required
CMA Canada program content. The Board Report is to be 10,000 words, plus exhibits. A
period of more than two months will be given to complete the written report. Candidates
will normally be expected to complete the CMA Canada Board Report by the first week
of June.

The written report will be graded by CMA Canada.

A presentation based on this report will be made to a panel of CMAs. The presentations
will be scheduled over several weekends in June. As dates and times for presentations
are not flexible, candidates should not schedule other activities for those days.

Candidates will be assigned a group of four to six candidates to work on the Board
Report by the CMA Ontario office.

Board Report: Combined CMA Master’s Program candidates must obtain a grade in
excess of 60% on a combination of the written Board Report and Presentation and is
broken down as follows:

               Written Report        70 percent
               Presentation          30 percent

Candidates who do not receive a pass mark of 60% for the Board Report are required to
repeat this element of the program again. In addition, Combined CMA Master’s Program



Regulation Respecting Candidates Pursuing the CMA Designation
Section 500: Combined Masters Programs                                               p. 31
Certified Management Accountants of Ontario                 Approved: November 23, 2010



candidates that have been unsuccessful in the CMA Board Report will be required to
participate in a mandatory preparation session before being permitted to make an
additional attempt at the CMA Board Report. Candidates can complete the CMA Board
Report a maximum of three times. A subsequent attempt may be granted upon appeal.

Combined CMA Master’s Program candidates must successfully complete the master’s
program prior to the awarding of the CMA designation.

Candidates evaluated by CMA Ontario to be at a CS3 level or higher have an opportunity
to apply for the Executive Phase of the Combined CMA Master’s Program. Accepted
candidates must successfully complete the three-module Application Phase before
enrolment in the Board Report process.

506    Fees
Combined CMA Master’s Program candidates must pay the program registration fee
upon application to the program. Component fees are to be paid upon registration for
each individual component (e.g. CMA Case Examination). Refunds are subject to the
policies in place for each individual component.

Annual candidate fees are waived for Combined CMA Master’s Program candidates for
the first two years that they are in the program only. Candidates must begin paying the
annual candidate fees once the two year time limit has expired.

Combined CMA Master’s Program registration fees are non-refundable. Combined CMA
Master’s Program registration and component fees are subject to change.

Airfare, accommodations and meals for Combined CMA Master’s Program will be each
participant’s responsibility. Meals are not provided during the preparation sessions.

Entrance Examination Preparation Program fee is not included in the Entrance
Examination component fee. Candidates are required to participate in the Entrance
Examination Preparation Program and must pay the associated fee. The Case
Examination and Board Report preparation sessions are included in the component fee.

Audits of Entrance Examination, Case Examination and Board Reports are not included
in the component fee and these requests will be subject to an additional fee.

To remain in good standing, candidates who have not completed all the Combined CMA
Master’s Program components within the first two years are required to submit an annual
registration fee upon receipt of the invoice. Fees cover the period of July 1 to June 30 and
are tax deductible as tuition fees.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 500: Combined Masters Programs                                                p. 32
Certified Management Accountants of Ontario                 Approved: November 23, 2010



Candidates who have not submitted their fees by July 30 will have their active status
inactivated without notice.

507    Deferral
Candidates who voluntarily or are required to defer the Combined CMA Master’s
Program for one (1) year will be required to continue in the program in the following year
from the point of deferral. This deferral is conditional upon their eligibility to defer the
program and still remain in compliance with the time limit policy

Candidates who defer their studies should be aware that they may have to repeat part or
the entire program if the Combined CMA Master’s Program components change
significantly.

Candidates who withdraw from the Combined CMA Master’s Program will be subject to
cancellation and administration fees.

Please be aware that for candidates who defer their studies, the Combined CMA Master’s
Program component payments made to date may be applied to their new component
enrollment after the deferral period is completed.

Candidates must be aware of the time limit when considering deferral.

Cancellation requests are subject to the notification deadlines and administrative fees of
each component.

All refund and deferral requests must be made in writing to the attention of the
accreditation department of CMA Ontario.

508    Refunds
Candidates must notify the CMA Ontario office in writing of their intention to withdraw.
Date of receipt of the letter, email or fax will constitute the withdrawal date.

No refunds will be given after the commencement of the program.

509    Experience
Please click here for details about Practical Experience Requirements.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 500: Combined Masters Programs                                                p. 33
Certified Management Accountants of Ontario                Approved: November 23, 2010



700 – Executive Program
Please click here to review the General Requirements for all CMA Programs.

701    Executive Program Eligibility
The CMA Executive Program is designed for senior level executives working at Career
Stage 3 and 4 of the CMA Competency Map who work in strategic financial leadership
positions.

Individuals who, at an earlier time, failed a CMA Entrance Examination are not eligible
for consideration for entry into the CMA Executive Program for a period of five years.

Applicants for the CMA Executive Program must have a minimum of five years of
practical experience in a strategic financial leadership position at Career Stage 3 or 4 as
described in the CMA Competency Map. Employer references will be checked to verify
the accuracy of the information provided for practical experience.

It is recognized that individual applicants often have unique strengths, not fully
recognized in the above, and those strengths can be given special consideration in the
admission decision. The following criteria are considered:
          Senior management experience;
          References;
          Previous academic experience; and
          Results of a personal interview, should one be requested by CMA Ontario.

Individuals who satisfy the above criteria will be eligible for admission into the CMA
Executive Program and will not be required to write the CMA Entrance Examination and
Case Examination.

Upon successful completion of the CMA Executive Program, applicants will be eligible
to apply for certification as a CMA.

While CMA Ontario recommends beginning the CMA Executive Program immediately
following admission into the program, candidates may defer commencing the program
for one year and will be required to pursue the program in the following year. Deferral
applications must be submitted in writing before the enrolment deadline. Candidates who
do not complete the CMA Executive Program within three years of program admission
date will have their active status inactivated.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 700: Executive Program                                                       p. 34
Certified Management Accountants of Ontario               Approved: November 23, 2010



The CMA Executive Program is an integrated program and, with few exceptions,
candidates will be required to complete a Foundation Phase and an Application Phase.

The Foundation Phase requires candidates to demonstrate a thorough understanding of
the CMA Competency Map at Career Stage 1. To satisfy this requirement, the program
will have a minimum of 120 contact hours in addition to individual assignments and team
work. As of March 2011, the Foundation Phase of the CMA Executive Program will be
offered in online learning or lecture format. The lecture format of the program will run
from January to June of each year.

Candidates must obtain a “Meets Expectations” or “Above Expectations” on each
assignment and if the assignment is “Below Expectations” it must be re-worked and re-
submitted.

The Application Phase is made up of three modules designed to cover the CMA
competencies at a minimum of Career Stage 2 and will integrate the six functional and
four enabling competencies. To satisfy this requirement, the program will have a
minimum of 100 contact hours in addition to individual assignments and team projects.
Individual and group learning activities will engage candidates in the application of
topics under discussion and develop their teamwork, negotiation and presentation skills.
This phase is made up of three separate week-long sessions that will take place in
October, January, and March.

In recognition that candidates in the CMA Executive Program will be at Career Stage 3
or 4 in most competencies on entry into the program, the interactive session discussion of
each component will reflect the senior management experience of candidates enrolled in
the program, although the assignments and Board Report will be evaluated at Career
Stage 2.

At the completion of the program, candidates will complete the Board Report in June.
The Board Report is a group evaluation of four to six individuals and must be passed to
be eligible to apply for the CMA designation.

Attendance is mandatory for all sessions. Non-attendance may result in deferral.

702    Application Process
Key information to be provided to CMA Ontario in addition to the application document
includes:
          Complete and official academic transcripts
          Information on any prior CMA Ontario membership
          Three references – business, non-business, and CMA member



Regulation Respecting Candidates Pursuing the CMA Designation
Section 700: Executive Program                                                      p. 35
Certified Management Accountants of Ontario                  Approved: November 23, 2010



           Full employment history to assess progression along with the position
           reported to for each employer
           The names of contacts to confirm employment history

CMA Executive Program applications are to be submitted to the CMA
Provincial/Territorial    Partner    where    prospective     candidates    reside.  The
Provincial/Territorial Partner will be responsible for evaluating and approving/declining
the application. Thus, candidates must reside in Ontario to apply for the Executive
Program in Ontario, and the same holds true for all other provinces and territories.

CMA Ontario will review applications to verify that:
        The university or baccalaureate degree requirement has been met.
        The practical experience requirement has been met.


703    Evaluation
Candidates must meet, on a continuing basis, program expectations as defined by the
CMA Competency Map. Subject to CMA Ontario staff approval, candidates may re-
submit assignments to meet this standard.

The program will consist of CMA Ontario evaluation and CMA Canada marking. All
components of the program are mandatory.

Participants will be evaluated on their participation at each interactive session.

Business Application Reports (BAR) will be marked by CMA Canada. The evaluation of
the participants at the interactive sessions will be the responsibility of the moderator,
under the guidance of CMA Ontario.

704    Assignment Submissions
During the Foundation Phase, there are assignments during each module which consists
of preparation for interactive sessions, participation during the interactive sessions, and
post-session assignments which are evaluated by the moderators.

In the Application Phase, there are approximately two group assignments submitted to a
national marking team for marking and feedback. Other assignments during the module
consist of preparation for interactive sessions, participation during the interactive
sessions, and group presentations, which are evaluated by the moderators. All
assignments must be submitted to the CMA Canada Professional Programs website no
later than 4:30 p.m. on the due date.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 700: Executive Program                                                       p. 36
Certified Management Accountants of Ontario                Approved: November 23, 2010



It is strongly recommended that candidates ensure that their assignment has been
successfully posted on the CMA Canada Professional Programs website, as CMA Ontario
will assume no responsibility for assignment posting errors. Submission of the
assignments is mandatory. Failure to submit an assignment may result in a deferral of
your studies until the next year. Late reports may be subject to assessment reductions.

Please note only one (1) Word 2007 format file is to be submitted to the website for your
report. All exhibits, charts, etc. need to be embedded in the Word document.

Candidates experiencing difficulty in submitting a report may request an extension to the
due date. Extensions are only granted in unusual circumstances. Normal employment
related obligations (i.e., month and year-ends, tax season, special projects) will not
be considered.

Candidates must email the CMA Ontario accreditation department at least 48 hours
before a due date to request an extension. If an extension is warranted, supporting
documentation may be required. Permission to submit a report or assignment late affects
only that report.

The moderators will evaluate the totality of assignments and interactive session
participation for each module, and will provide an overall module assessment. If any
interactive session is deemed to be “Below Expectations”, at the sole discretion of CMA
Ontario, candidates will be deferred for one year.

In addition, candidates will have to achieve a grade of “Meets Expectations” or “Above
Expectations” to continue in the program.

705    Interactive Session Participation
Candidates who do not attend either a complete session or do not make acceptable
alternative arrangements with CMA Ontario to attend another offering will be required to
defer their studies and continue in the program from the beginning of the phase in the
next offering. If alternative arrangements are required, candidates should contact CMA
Ontario at least three weeks prior to the session. This deferral is conditional upon their
eligibility to defer the program and still remain in compliance with the time limit policy.

As the schedule for each year of the program is published well in advance, it is
candidates’ responsibility to arrange personal business obligations around these
deadlines.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 700: Executive Program                                                       p. 37
Certified Management Accountants of Ontario                  Approved: November 23, 2010



706    Candidate Evaluation
Candidates must meet, on a continuing basis, program expectations as defined by the
CMA Competency Map. Subject to CMA Ontario staff approval, candidates may re-
submit assignments to meet this standard. The program will consist of CMA Ontario
evaluation and CMA Canada marking. All components of the program are mandatory.

Participants will be evaluated on their participation at each interactive session.

The evaluation of the participants at the interactive sessions will be the responsibility of
the moderators, under the guidance of CMA Ontario.

707    Board Report
The final evaluation will be the CMA Board Report. The Board Report will test material
covered in the CMA Executive Program. The Board Report is to be a maximum 10,000
words, plus exhibits. A period of more than two months will be given to complete the
written report. The written report will be graded by Certified Management Accountants
of Canada (CMA Canada). A presentation based on this report will be made to a panel of
CMAs. The presentations will be scheduled in June. As the dates and times for the
presentations are not flexible, candidates should not schedule other activities for those
days.

Candidates will prepare their reports in small teams and will be required to present their
report to a panel. The evaluation of the presentation will be the responsibility of CMA
Ontario, while the group report will be marked by CMA Canada. Candidates must pass
the Board Report. Candidates must obtain a grade in excess of 60% on a combination of
the written Board Report and Presentation and is broken down as follows:

               Written Report          70 percent
               Presentation            30 percent

Candidates who do not receive a pass mark of 60% for the Board Report are required to
repeat this element of the program again.

708    Failure
Candidates who fail the CMA Executive Program will be required to repeat some
elements of the program in the following year. Candidates will be advised which
elements must be repeated.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 700: Executive Program                                                        p. 38
Certified Management Accountants of Ontario              Approved: November 23, 2010



709    Time Limit
CMA Executive Program candidates have three years to complete the program after
acceptance into the program.

710    Deferral
Candidates who voluntarily decide or are required to defer the program for one year will
be required to continue from the beginning of the phase in the following year. This
deferral is conditional upon their eligibility to defer the program and still remain in
compliance with the time limit policy.

Candidates who defer their studies should be aware that they may have to repeat part or
the entire program if the CMA Executive Program syllabus changes significantly.

Candidates who withdraw from the CMA Executive Program will receive a refund of the
CMA Executive Program fees on a graduated basis as specified on the executive program
application.

711    General Completion Standards
The minimum national standard for successful completion of the Application Phase of
the CMA Executive Program is a cumulative average of 60% on all program components.

In addition, under CMA’s certification requirements, candidates must complete and
submit all required individual and team projects in full by the deadline date.

In assessing the progress of candidates within specific modules and throughout the
duration of the program, CMA applies the following completion standards and
definitions:

Incomplete Module:
          A module is deemed to be incomplete if candidates either do not attend the
          interactive session in full or submit the required assignments. At CMA
          Ontario’s sole discretion, candidates receiving an “incomplete” status on a
          module may be ineligible to continue to the next module, and may be
          withdrawn for a period of time specified by CMA Ontario (usually no more
          than one calendar year), required to repeat the module or given additional
          assignments as deemed appropriate by CMA Ontario to ensure the necessary
          skills prior to moving on to the next module.

Incomplete Program:




Regulation Respecting Candidates Pursuing the CMA Designation
Section 700: Executive Program                                                     p. 39
Certified Management Accountants of Ontario                 Approved: November 23, 2010



           If candidates do not receive an evaluation equal to or greater than 60% on the
           combined score for all the program components (i.e. interactive sessions,
           business application reports, Report to the Board) , candidates will be required
           to re-submit program components to be identified by CMA Canada.

712    Program Fees
The total fee for the two-year program includes all study materials, marking of
assignments and reports and applicable meals while attending the interactive sessions.
The Foundation Phase online fee will be payable in full. The program fee will be payable
in three installments for the Foundation Phase Week 1 in December, February and March
of each year. The non-refundable fee will be payable in three installments for the
Application Phase Lecture Sessions in September, December and February of each year.
Invoices will be sent a minimum of four weeks prior to the installment due date. An
administrative fee will be assessed on each installment not received or post-marked by
the due date.

Fees include all breakfasts, lunches and coffee/juice breaks at each interactive session.
Airfare, accommodations and meals for the Foundation and Application Phases will be
each participant’s responsibility.

Audits of Board Reports are not included in the regular fees and requests of this nature
will be subject to an additional fee. Likewise, re-writes after a failed attempt at the Board
Report are also subject to additional fees.

While registered in the CMA Executive Program, all annual registration fees are included
in the Executive Program fees.

713    Refund Policy
Candidates must notify CMA Ontario in writing of their intention to withdraw from the
Foundation Phase or Application Phase of the program. Date of receipt of the letter, email
or fax will constitute the withdrawal date.

Program refunds will be given as follows:
          Foundation Phase: no refunds will be issued for withdrawal from the program
          once the session commences.
          Application Phase: no refunds will be issued for withdrawal from the
          program after the first day of the first interactive session.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 700: Executive Program                                                         p. 40
Certified Management Accountants of Ontario             Approved: November 23, 2010



714    Experience
The practical experience requirement of the CMA Executive Program is a program entry
requirement. Candidates must be in senior level positions working at Career Stage 3 and
4 of the CMA Competency Map who work in strategic financial leadership positions.
There are no exit experience criteria.

715    Material
All readings, reports and assignments will be couriered out to candidates within six
weeks prior to interactive session date.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 700: Executive Program                                                    p. 41
Certified Management Accountants of Ontario               Approved: November 23, 2010



900 – Sponsored Professor Program
Please click here to review the General Requirements for all CMA Programs.

901    Eligibility
To be eligible for the Sponsored Professor Program, candidates must be currently
working full-time as a professor at an Ontario university (full professor or associate
professors may qualify), currently teaching at least one of the CMA Entrance
Examination prerequisite courses, must be involved with business case development and
analysis as part of their position or consulting within a business environment, and be
committed to continuing in the education field.

There are two paths to the CMA designation for full-time professors:
       Tenured or tenure-track faculty with more than 10 years of full-time employment
       at a university may qualify to enter the Application Phase of the CMA Executive
       Program. These faculty members must demonstrate a sustained and ongoing
       commitment to the discipline of management accounting through advanced
       research, teaching, significant senior consulting experience within a business
       environment or program development.
       Full time professors with more than three years of full-time employment at a
       university may qualify to go directly into the Strategic Leadership Program (SLP).
       These faculty members must be involved in teaching management accounting at
       the university level and demonstrate a sustaining and ongoing commitment to
       teaching and to the discipline of management accounting.

Candidates who have been approved as sponsored members will have the cost of the
applicable program (Executive Application Phase or Strategic Leadership Program), as
well as their yearly candidate membership fees covered by CMA Ontario for up to a
three-year period.

Sponsored Professors must complete the Application Phase of the CMA Executive
Program or the entire Strategic Leadership Program, as determined by CMA Ontario, as
set out in the accreditation regulations.

902    Application Process
In order to be considered for Sponsored Professorship, interested candidates must provide
the following information to CMA Ontario:
        A letter of intent expressing interest in becoming a Sponsored Professor including
        an outline of their career plans in the education field.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 900: Sponsored Professor Program                                            p. 42
Certified Management Accountants of Ontario               Approved: November 23, 2010



       A letter from their immediate supervisor confirming their employment and the
       courses they are teaching.
       Examples of the business case development and analysis they have participated in
       (especially important for tenure/tenure-track candidates seeking acceptance to the
       CMA Executive Program).
       A résumé and an official degree transcript from a post-secondary institution.

Letters of intent are to be submitted by prospective candidates to the
Provincial/Territorial Partner office in which prospective candidates reside. The
Provincial/Territory Partner will be responsible for evaluating and approving/declining
the application.

903    Time Limit
Sponsored Professors in the CMA Executive Program have three years to complete the
program after acceptance into the program.

Sponsored Professors in the CMA Strategic Leadership Program have three years to
complete the program after acceptance into the program

904    Deferral
Sponsored Professors taking the CMA Executive Program may defer for one year and
will be required to continue in the program in the following year from the point of
deferral.

Sponsored Professors taking the Strategic Leadership Program may defer for one year
and will be required to continue in the program in the following year from the point of
deferral.

905    Withdrawal
Sponsored Professors who withdraw from the CMA Executive Program or Strategic
Leadership Program are required to reimburse CMA Ontario for all costs of the program
incurred to date and may apply for re-instatement.

906    General Completion Standards
The minimum national standard for successful completion of the CMA Executive
Program or the Strategic Leadership Program is a cumulative average of 60% on all
program components.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 900: Sponsored Professor Program                                            p. 43
Certified Management Accountants of Ontario               Approved: November 23, 2010



Sponsored Professors who do not receive a pass mark of 60% for the CMA Executive
Program or the Strategic Leadership Program are required to repeat specified elements of
the program as determined by CMA Ontario. If they are still unsuccessful in achieving a
pass mark of 60%, their status will be inactivated

In addition, under CMA Canada’s certification requirements, candidates must complete
and submit all required individual and team projects in full by the deadline date.

In assessing the progress of candidates within specific modules and throughout the
duration of the program, CMA Ontario applies the following completion standards and
definitions:
        Incomplete Module: A module is deemed to be incomplete if, candidates either do
        not attend the interactive session in full or submit the required assignments. At
        CMA Ontario’s sole discretion, candidates receiving an “incomplete” status on a
        module may be ineligible to continue to the next module of the SLP, and may be
        withdrawn for a period of time specified by CMA Ontario (usually no more than
        one calendar year), required to repeat the module or given additional assignments
        as deemed appropriate by CMA Ontario to ensure the necessary skills prior to
        moving on to the next module.
        Incomplete Program: If candidates do not receive an evaluation equal to or greater
        than 60% on the combined score for all the program components (i.e. interactive
        sessions, management report, Report to the Board) , candidates will be required to
        re-submit program components to be identified by CMA Canada.

907    Experience
See Section 901 (Eligibility) above (experience is an entrance requirement for the
Sponsored Professor Program. With the exception of the requirement that the professor
must remain in a teaching role up to graduation, there is no other exit experience
criteria.).




Regulation Respecting Candidates Pursuing the CMA Designation
Section 900: Sponsored Professor Program                                            p. 44
Certified Management Accountants of Ontario                Approved: November 23, 2010



1000 – Professional Advanced Standing Agreements (PAS)
Please click here to review the General Requirements for all CMA Programs.

1001   Eligibility
Members of an approved Professional Advanced Standing (PAS) organization who
immigrate to Canada or reside in a country where the CMA program is offered must
submit their application for exemption of the CMA Canada Entrance Examination to the
Territorial/Provincial Partner in the province or territory of the applicant’s residency or
the partner organization that has jurisdiction in that country. Professional Advanced
Standing details and applications can be found on the CMA Ontario website.

Criteria for evaluating individual Professional Advanced Standing applications:
        The individual must be a member in good standing of his/her respective
        organization.
        The individual must have qualified as a professional accountant by completing the
        program of the Professional Advanced Standing organization.
        The individual must be employed in a position in the domain of the management
        accountant.
        The individual must have permanently relocated to Ontario/Canada.
        The individual must be a Canadian citizen or be legally entitled to work in
        Canada.
        The individual must not have attempted and failed a CMA Canada qualifying
        Examination.
        The individual must have no outstanding disciplinary charges.

1002   Evaluation
An applicant from a Professional Advanced Standing approved organization will be
required to complete the CMA Canada Strategic Leadership Program, successfully pass
the Case Examination and Board Report and fulfill the CMA Canada
Territorial/Provincial Partner practical experience requirements. Please see Section 400
for Strategic Leadership Program regulations.

1003 Experience
Please click here for details about Practical Experience Requirements.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 1000: Professional Advanced Standing Agreements (PAS)                        p. 45
Certified Management Accountants of Ontario               Approved: November 23, 2010



1100 – Mutual Recognition Agreements (MRAs)
Please click here to review the General Requirements for all CMA Programs.

1101   Eligibility
While the CMA Canada Board of Directors will approve Mutual Recognition
Agreements with other organizations, each individual seeking membership in CMA
Canada under a Mutual Recognition Agreement must formally apply to the
Territorial/Provincial Partner in which they reside. Mutual Recognition Agreement
details and applications can be found on the CMA Ontario website.

Mutual Recognition Agreement Program Requirements: Because of the variability in
entrance requirements between Mutual Recognition Agreements, individuals will be
assessed on their own merits and not necessarily be applied to the partnering organization
as a whole.

Members of approved mutual recognition partner organizations who immigrate to Canada
will be required to submit an application for membership with CMA Ontario.

Individual membership approval criteria to assess membership applications submitted by
members of approved organizations:
       The individual must be a member in good standing of his/her respective
       organization.
       The individual must have a reference from an existing CMA member in good
       standing.
       The individual must have qualified as a professional accountant by completing the
       entire program of the Mutual Recognition Partner. If the individual completed
       part of the program through a third organization and received advanced standing
       with the Mutual Recognition Agreement Partner, CMA Ontario reserves the right
       to accept or reject the application at its discretion.
       The individual must complete any practical experience requirements as detailed in
       the individual Mutual Recognition Agreements.
       The individual must have permanently relocated to Ontario/Canada.
       The individual must be a Canadian citizen or legally entitled to work in Canada.
       The individual must have no outstanding criminal or disciplinary charges.
       The individual must not have attempted and failed a CMA Canada qualifying
       Examination.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 1100: Mutual Recognition Agreements (MRAs)                                  p. 46
Certified Management Accountants of Ontario                Approved: November 23, 2010



CMA Canada will honour all disciplinary actions assessed against CMAs who have been
granted professional membership by a Mutual Recognition Partner and subsequently have
been disciplined by that partner organization. CMA Canada will initiate a disciplinary
review based on information provided by the Partner.

It would be expected that reciprocal actions would be assessed by partners whose
members have been assigned disciplinary actions by CMA Canada or its
Territorial/Provincial Partners.

Applicants seeking qualifications to become a designated member of CMA Canada will
be required to make application to CMA Ontario and will be required to provide the
following information to CMA Ontario:
       Officially translated documentation in English or French to accompany their
       application
       An application sponsored by a CMA who is in good standing
       Details of the applicable practical experience requirement (where required)
       submitted through the CMA Ontario online practical experience reporting tool
       A copy of applicant’s university transcript including proof of university degree (if
       applicable)
       Proof of permanent residence in Ontario
       A letter from the mutual recognition partner confirming that applicants are a
       certified member who is in good standing

Mutual recognition is an agreement between two professional organizations on the
criteria for allowing a professional member to transfer their membership to an alternate
professional body. The recognition occurs between organizations of two different
countries and it is exercised when a professional member permanently re-locates to a new
country.

Mutual Recognition Agreements are rarely established on an unconditional basis.
Members who wish to transfer from one organization to another will be evaluated based
on their background, education and work experience, such that it corresponds with
requirements established for membership criteria in the receiving organization. Mutual
Recognition Agreements are not uncommon; each Mutual Recognition Agreement is
unique as criteria for membership will vary from organization to organization.

While the CMA Canada Board of Directors will approve Mutual Recognition
Agreements with other organizations, each individual residing in Ontario and seeking
membership in CMA Canada under a Mutual Recognition Agreement must formally
apply to CMA Ontario.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 1100: Mutual Recognition Agreements (MRAs)                                   p. 47
Certified Management Accountants of Ontario                 Approved: November 23, 2010



1200 – Practical Experience
Practical experience is an entry requirement of the CMA Executive Program, CMA
Sponsored Professor Program and Mutual Recognition Agreements (where applicable).
For regulations pertaining to the practical experience requirements of the CMA Executive
Program, please click here Executive Program. For regulations pertaining to the
practical experience requirements of the CMA Sponsored Professor Program, please click
here Sponsored Professor Program. For regulations pertaining to the practical
experience requirements of the CMA Mutual Recognition Agreements, please click here
Mutual Recognition Agreements. The regulations pertaining to the practical experience
requirements of all other CMA Ontario Programs are listed below.

Practical experience in the domain of the management accountant is an essential
component of the certification process.

The duration of work experience will be 24 months and all experience must be evaluated
by the CMA Ontario office. Candidates are to advise CMA Ontario of any position or
employer changes that are made while proceeding through the Program.

Candidates are required to achieve a minimum of 12 months of qualifying concurrent
experience while in the Strategic Leadership Program or Combined CMA Master’s
Program. Experience is considered concurrent if it occurs any time while candidates are
enrolled in the Strategic Leadership Program or within five years of beginning the
academic portion of the Combined CMA Master’s Program.

Practical experience is gained while an individual is a member of CMA Ontario and will
be approved and monitored as candidates progress through the Strategic Leadership
Program or the Combined CMA Master’s Program. All candidates must demonstrate
competency through verifiable work experience.

Candidates’ career path must reflect a progression of responsibilities indicating a
movement to a position applying management skills and principles. Candidates must be
able to apply the acquired knowledge and skills from the CMA Competency Map at an
overall Career Stage 2 level in order to qualify for certification. (See Strategic Leadership
Program Handbook for more details.)

CMA Ontario is aware of the constructive discrimination provisions of the Human Rights
Code found in Section 11 of the Strategic Leadership Program Handbook. Nothing in
CMA Ontario’s practical experience requirement, or in its effect upon individuals when
applied to them, shall act to deprive individuals of their right to accommodation without
undue hardship in accordance with the Ontario Human Rights Code. Candidates have the




Regulation Respecting Candidates Pursuing the CMA Designation
Section 1200: Practical Experience                                                     p. 48
Certified Management Accountants of Ontario                 Approved: November 23, 2010



right to lodge a human rights complaint should they believe that treatment has been
received contrary to these provisions.

1201   Reporting and Monitoring
To ensure conformity to the practical experience requirement, candidates are required to
submit completed practical experience reports at the program’s onset. The initial practical
experience report of a candidate in the Strategic Leadership Program must be submitted
no later than Interactive Session Two (2). Candidates failing to submit their practical
experience report without receiving a CMA Ontario pre-approved extension will receive
a grade of “Below Expectations” (BE) on their overall module assessment. Candidates
will not have the “Below Expectations” grade removed from their module assessment
until an appropriate practical experience report is submitted to CMA Ontario, at which
time the grade will be upgraded to “Meets Expectations” (ME). Future interactive
session grades will also be graded in the same manner until such time as the appropriate
practical experience report is submitted. Candidates must submit an additional practical
experience report whenever there is a significant change in responsibilities or a change of
employer. The initial practical experience report of a candidate in a Combined CMA
Master’s Program must be submitted before they will be permitted to register for any of
the program components including Accelerated Program, Entrance Examination, Case
Examination, and Board Report. Candidates failing to submit their practical experience
report without receiving a CMA Ontario pre-approved extension will not be permitted to
proceed with the program. Employers are required to verify the accuracy of the duties
and responsibilities reported by all candidates.

Candidates’ practical experience must be validated by candidates’ immediate supervisor.
If an immediate supervisor is not available, an alternative acceptable validator is to be
determined by the CMA Ontario accreditation department on a case by case basis.

Practical experience reports are to be completed through the CMA online practical
experience reporting website located at https://apps.i-skillsuite.com/cma/

1202   Candidates on Maternity/Parental Leave
Candidates on maternity/parental leave while in the program are required to notify CMA
Ontario. Candidates will not continue to accumulate months of practical experience while
on maternity/parental leave. Normally, candidates are expected to return to the same
place of employment in the same or equal level position at the completion of their leave.
Deviations from this norm must be approved by CMA Ontario.                         Proof of
maternity/parental leave will be required in the form of a letter from a direct supervisor or
human resources representative with applicable dates and signatures.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 1200: Practical Experience                                                     p. 49
Certified Management Accountants of Ontario                Approved: November 23, 2010



1203   Prior Experience
If required, one year of practical experience gained prior to starting the Strategic
Leadership Program or Combined CMA Master’s Program will be considered. This 12-
month period is valid from three years before candidates’ point of entry into the Strategic
Leadership Program or point of entry into the academic portion of the Combined CMA
Master’s Program. Candidates’ prior practical experience must be validated by either
candidates’ former immediate supervisor in the position being reported or candidates’
current immediate supervisor as candidates would have been hired into their current
position based on their prior knowledge gained through past positions. If an immediate
supervisor is not available, an alternative acceptable validator is to be determined by the
CMA Ontario accreditation department on a case by case basis.

1204   Unemployed Candidates
Candidates who are unemployed at the time of registration in the Strategic Leadership
Program or Combined CMA Master’s Program are still permitted to enroll. Unemployed
candidates are still required to submit a practical experience report based on their prior
experience (as per Regulation 1203 above). Candidates that are unemployed and possess
no applicable practical experience as determined by the CMA Ontario accreditation
department can apply for an extension to the deadline of the practical experience
submission by contacting the CMA Ontario Appeals Program Advisor. Candidates who
remain unemployed and will be unable to fulfill the twelve month concurrency
requirement of the Strategic Leadership Program will be required to submit a Business
Application Report (BAR) upon gaining applicable employment post-program in order to
fulfill concurrency. This must occur before the time period has expired.

1205   Completing the Practical Experience Requirements
Candidates who choose to begin the program should be aware that they must accumulate
24 months of required practical experience by the end of Year Two of the Strategic
Leadership Program otherwise they will not be eligible to graduate with their class.
Combined CMA Master’s Program candidates must accumulate the 24 months of
required practical experience as soon as possible following completion of their final
CMA requirement (Entrance Examination, Case Examination, or Board Report). These
candidates will be required to wait until the experience requirement is satisfied before
applying for certified membership. Candidates must satisfy all certification requirements
including the practical experience requirement within five years of entering the Strategic
Leadership Program or within five years of beginning the academic portion (master’s
program) of the Combined CMA Master’s Program. Applications for certified
membership are reviewed monthly.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 1200: Practical Experience                                                   p. 50
Certified Management Accountants of Ontario                 Approved: November 23, 2010



1206   Evaluating Practical Experience
A candidate’s position is evaluated as Career Stage 1, 2, 3, or 4 (CS1, CS2, CS3, or CS4)
which represents the career stage at which the employee is primarily working in an
organization, from the most junior management accounting role to a more senior strategic
role. Candidates are evaluated at the particular level that most accurately reflects the
work performed, and not a combination of Career Stages. Candidates will be advised of
the evaluation results through receipt of a PDF file automatically generated by the
practical experience reporting website once the evaluation has been completed. All
practical experience evaluations are subject to final approval at the time of application for
certified membership.

Candidates are required to complete 12 months of concurrent experience. Experience is
considered concurrent if it occurs any time after candidates enter into their master’s
program or into the Strategic Leadership Program. Candidates who are unable to fulfill
the concurrency requirement for their practical experience must complete a Business
Application Report (BAR)

Business Application Report(s) is/are required for Combined CMA Master’s Program
candidates who are studying full-time at university and/or for candidates who have
gained practical experience through a co-op program. Reports are required to be
submitted to CMA Ontario by the end of their co-op term.

Practical experience is reported by candidates assessing their competency level and
answering questions related to the six CMA Ontario functional competencies and the four
enabling competencies. There are two questions for each CMA competency. These
questions are designed to encourage candidates to write about specific examples from
their positions.

Candidates are required to choose the appropriate Career Stage for each competency and
answer all the questions by using work experience examples that they have gained while
in their jobs. Experience gained from the Strategic Leadership Program does not qualify
as valid examples for this form. Candidates are encouraged to answer each question as
excessive amounts of unanswered or inadequately answered questions can result in report
rejection by CMA Ontario.

Candidates are also required to attach an up to date résumé as well as an organizational
chart showing the reporting structure of their positions to the report. Candidates are
encouraged to ensure that any attachments submitted are compatible with Microsoft
Office applications (i.e. Word, Excel, PowerPoint) or they will not be reviewed.
Candidates are asked to check the file size to ensure that the document is of a reasonably
compact size (0.5 MB or less) or risk an error in the upload process.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 1200: Practical Experience                                                     p. 51
Certified Management Accountants of Ontario                 Approved: November 23, 2010



Candidates are required to provide an email address and basic contact information for
their validator. The role of the validator is to ensure that the examples used by candidates
are verified. The validator is not required to comment on the career stage selected by
candidates.

If a practical experience report is rejected by CMA Ontario, candidates are required to
adjust the report before re-submitting to the validator for a second validation.

If candidates cannot contact their immediate supervisor to act as a validator, they must
contact the CMA Ontario accreditation department to discuss alternatives.

1207   Employer Participation
Throughout the Strategic Leadership Program, candidates will be required to complete
assignments requiring the application of program topics to their own organization. These
reports are kept confidential and will only be reviewed by the marker/moderator.
Information provided in the report will never be released without candidates’ permission.

Employers are encouraged to provide candidates with suitable experience opportunities to
satisfy the experience requirement. Employers helping their employees satisfy the
practical experience requirement will benefit from the development of high quality
employees.




Regulation Respecting Candidates Pursuing the CMA Designation
Section 1200: Practical Experience                                                    p. 52

				
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