Certified Management Accountant (CMA®)

Finance Management

CMA is a gold standard globally recognized professional certification for accountants and finance professionals in business awarded by Institute of Management Accountants – USA. Headquartered in the US, IMA has a global network of more than 70,000 members in 130 countries and 200 local chapter communities. CMA credential ensures your expertise in financial planning, analysis, control, decision support and professional ethics.Whether you want to expand your career potential or enhance the value you bring to your current position, the CMA will help you demonstrate your professional credibility.

Objectives

Course Description

The CMA training course we provide detailed coursework on part one and two of the CMA exam structure. It covers financial reporting, planning, performance and control in Part one and financial decision making in part two.

Course Learning Objectives

  • To establish management accounting as a recognized profession by identifying the role of the management accountant and financial manager, the underlying body of knowledge, and course of study by which such knowledge is acquired;
  • To encourage higher educational standards in the management accounting field;
  • To establish an objective measure of an individual’s knowledge and competence in the field of management accounting; and
  • To encourage continued professional development by management accountants.

The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance. Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, and decision support, as well as professional ethics.

Who should attend ?

  • Chief Financial Officers (CFO)
  • Chief Executive Officers (CEO)
  • Cost Accountants
  • Senior Accountants
  • Corporate or Division Planning Managers
  • Financial Analysts
  • Budget Analysts
  • Internal Auditors
  • Finance Managers
  • Controllers
  • Presidents
  • Vice Presidents
  • Treasurers/Treasury Managers

Eligibility Criteria

To qualify for the CMA, you need to meet certain requirements:

  • Bachelor’s degree from an accredited college or university (Or)
  • hold a professional certification. For a list of approved certifications, get in touch with us today!
  • If you are missing education and experience requirements, you can sit for the exams and fulfill

Exam Details

Exam Fee:

  • Professional Membership Fee : $235
  • CMA Entrance Fee : $240
  • CMA Exam Fee : $395

Examination Details

  • 100 Multiple Choice Questions and two 30 minute Essay Questions
  • You will have 3 hours to complete the multiple choice section and one hour to complete the essays.
  • The essays will be presented after you have completed the multiple choice section of the exam or after 3 hours, whichever comes first.
  • Once you complete the MCQ section of the exam, you can’t go back. You must remain in the essay section to complete the exam.
  • You must answer at least 50% of the MCQs correctly in order to move on to the essay section

Pass the examination
The raw score is converted to a uniform scoring system of 0 – 500, and 360 being the passing mark.

Exam Location
Exams are administered through the worldwide network of Prometric Testing Centers.

Exam Dates
CMA exams are offered during following months:

  • January and February
  • May and June
  • September and October

Course Contents

The percentages below show the relative weight range given to each topic in each part. The level designations indicate the depth and breadth of topic coverage in each part. A detailed content specification outline can be downloaded from IMA website in the certification section.

Part 1 – Financial Reporting, Planning, Performance, and Control

  • Performance Management (20%) (Level C)
    Factors to be analyzed for control and performance evaluation including revenues, costs, profits, and investment in assets; variance analysis based on flexible budgets and standard costs; responsibility accounting for revenue, cost, contribution and profit centers; key performance indicators; and balanced scorecard.
  • Cost Management (20%) (Level C)
    Cost concepts, flows and terminology; alternative cost objectives; cost measurement concepts; cost accumulation systems including job order costing, process costing, and activity-based costing; overhead cost allocation; supply chain management and business process performance topics such as lean manufacturing, ERP, theory of constraints, value chain analysis, ABM, continuous improvement and efficient accounting processes.
  • Internal Controls (15%) (Level C) Corporate governance; internal control risk; internal control environment, procedures, and standards; responsibility and authority for internal auditing; types of audits; assessing the adequacy of the accounting information system controls; and business continuity planning.
  • ·External Financial Reporting Decisions (15%) (Level C
    Preparation of financial statements: balance sheet, income statement, statement of changes in equity, statement of cash flows; valuation of assets and liabilities; operating and capital leases; impact of equity transactions; revenue recognition; income measurement; major differences between U.S. GAAP and IFRS.
  • Planning, Budgeting and Forecasting (30%) (Level C)
    Strategic planning process; budgeting concepts; annual profit plans and supporting schedules; types of budgets, including activity-based budgeting, project budgeting, flexible budgeting; top-level planning and analysis; and forecasting, including quantitative methods such as regression and learning curve analysis.

Part 2 Financial Decision Making

  • Financial Statement Analysis (25%) (Level C)
    Calculation and interpretation of financial ratios; evaluate performance utilizing multiple ratios; market value vs. book value; profitability analysis; analytical issues including impact of foreign operations, effects of changing prices and inflation, off-balance sheet financing, and earnings quality.
  • Corporate Finance (20%) (Level C)
    Types of risk; including credit, foreign exchange, interest rate, market, and political risk; capital instruments for long-term financing; initial and secondary public offerings; dividend policy; cost of capital; working capital management; raising capital; managing and financing working capital; mergers and acquisitions; and international finance.
  • Decision Analysis (20%) (Level C)
    Relevant data concepts; cost-volume-profit analysis; marginal analysis; make vs. buy decisions; income tax implications for operational decision analysis; pricing methodologies including market comparable, cost-based and value-based approaches.
  • Risk Management (10%) (Level C)
    Types of risk including business, hazard, financial, operational, strategic, legal compliance and political risk; risk mitigation; risk management; risk analysis; and ERM.
  • Investment Decisions (15%) (Level C)
    Cash flow estimates; discounted cash flow concepts; net present value; internal rate of return, discounted payback; payback; income tax implications for investment decisions; risk analysis; and real options
  • Professional Ethics (10%) (Level C)
    Ethical considerations for management accounting professionals and for the organization. A detailed content spec is available from the ICMA or it can be downloaded from www.imanet.org/certification.

Credential Maintenance
CMAs have demonstrated a commitment to lifelong learning. Once you’ve completed and passed both parts of the CMA exam, you must complete 30 hours of NASBA-approved continuing professional education (CPE) each year, including a minimum of two hours in the area of ethics. Since reported CPE hours are verified on a random basis, you should keep CPE certificates and other supporting documents for a minimum of two years.

Batch Schedule

CMA

Jul 05, 2017
7:00PM – 10:00PM
Sat & Wed

Course Enquiry