Prepare for CMA Part 1

Course details

Certified Management Accountant CMA Certification Training Course is one of the most demanded certification course in UAE at the moment. CMA Provides Financial Planning, Performance, and Control, Planning, Budgeting, and Forecasting, Performance Management, Cost Management, Internal Controls, Professional Ethics, Financial Statement Analysis, Corporate Finance, Investment Decisions, Professional Ethics, etc.


we offer both CMA online and offline certification classes, we  provides top CMA program, study materials(class notes and soft copies), multiple choice questions, online CMA exam sample question, practices questions, and also CMA question bank practice tests and learning management systems.

Our pass percentage for the CMA exam is very high, which varies from batch to batch. Vibe is well known for delivering several successful batches every year. We also support our students with all sort of assistance for their brilliant performance in the exam.

CMA Course Overview:

Part 1 - Financial Planning, Performance, and Analytics
Part 2 - Strategic Financial Management


Introduction 
Vibe Education is a Dubai government accredited learning center offering a wide variety of learning experiences from management, accounting, IT, Quality control, and language certifications courses for all who aspire to learn and improve their life.
 With Vibe, you will ;

• Guaranteed quality learning from experienced and certified trainers.
• Customize the course to best fit your needs, if you have a scheduled exam next week, please feel to reach ; 
• Flexible timing - We value your priorities.
• You will be guided and supported till you reach your intended goal whether it is an academic success or career upgrade or adding new skill to your profile, we will walk with you till you reach your dream.

Course Objective
Certified Management Accountant CMA Certification Training Course is one of the most demanded certification course in UAE at the moment. CMA Provides Financial Planning, Performance, and Control, Planning, Budgeting, and Forecasting, Performance Management, Cost Management, Internal Controls, Professional Ethics, Financial Statement Analysis, Corporate Finance, Investment Decisions, Professional Ethics, etc
Vibe Education is the best CMA training institute in Dubai, UAE. we offer both CMA online and offline certification classes, We provide top CMA program, study materials, multiple choice questions, online CMA exam sample question, practices questions, and also CMA question bank practice tests and learning management systems.

• CMA classes describe the role that budgeting plays in the overall planning and performance evaluation process of an organization

• Identify the role that budgeting plays in formulating short-term objectives and planning and controlling operations to meet those objectives.
• Identify the uses of sensitivity analysis prepare a cash budget
• Recommend performance measures and a periodic reporting methodology given operational goals and actual results
• Understand completely about Planning, budgeting, forecasting, performance management, cost management, strategic planning, professional controls and internal ethics.

 
Course Outline
CMA Part 1 Syllabus Components
Financial Planning, Performance, and Analytics

15% - External Financial Reporting Decisions
20% - Planning, Budgeting, and Forecasting
20% - Performance Management
15% - Cost Management
15% - Internal Controls
15% - Technology and Analytics
CMA Part 1 Syllabus (click image to enlarge)
 
CMA Part 1
A. External Financial Reporting Decisions

• Total syllabus area: 15%
• Concepts related to different components of financial statements:
• balance sheet
• income statement
• statement of changes in equity
• statement of cash flows.
• Valuation of different assets and liabilities
• Operating and capital lease
• Equity transactions
• Revenue recognition
• Revenue measurement
• US GAAP and IFRS difference

B. Planning, Budgeting and Forecasting

• Total syllabus area: 30%
• Strategic planning process
• Budgeting concepts
• Annual profit plans and supporting schedules
• Types of budgets:
• activity-based budgeting
• project budgeting
• flexible budgeting
• Strategic planning and analysis
• Forecasting techniques:
• regression analysis
• learning curve analysis

 
C. Performance Management

• Total syllabus area: 20%
• Control and performance analysis:
• revenue
• costs
• profits
• investment in assests
• Variance analyses based upon:
• flexible budget
• standard cost
• Responsibility accounting for:
• revenue centers
• cost centers
• profit centers
• investment centers
• Key Performance Indicators
• Balanced scorecard

D. Cost Management

• Total syllabus area: 20%
• Basic cost accounting concepts and terminology
• Cost measurement concepts
• Cost accumulation systems:
• job order costing
• process costing
• activity based costing
• Overhead cost allocation
• Supply chain management
• Business process performance topics:
• Just in time
• ERP
• theory of constraints
• value chain analysis
• activity based management
• continuous improvement and efficient accounting processes

E. Internal Controls

• Total syllabus area: 15%
• Corporate governance
• Internal control risk
• Internal control environment
• Responsibility and authority for internal auditing
• Types of audits
• Assessing the adequacy of the accounting information system controls
• Business continuity planning.

  Updated on 07 November, 2024