Course details
The Certified Management Accountant (CMA) program is designed to provide participants with advanced financial management and strategic management skills. This course prepares professionals for leadership roles in finance by focusing on the essential aspects of management accounting and financial management. From understanding external financial statements and cost management concepts to mastering internal controls and performance measurement techniques, this program ensures participants are well-equipped to handle complex financial decision-making processes.
Course Outline
1. External Financial Statements & Revenue Recognition
- Overview of financial statements: Balance Sheets, Income Statements, and Cash Flow Statements.
- Revenue Recognition Principles: Understanding the criteria for recognizing revenue in various types of transactions.
2. Measurement, Valuation & Disclosure – Investments & Short-Term Items
- Valuation and reporting of Investments, Receivables, and Inventory.
- Disclosure Requirements for short-term financial items.
3. Measurement, Valuation & Disclosure – Long-Term Items
- Accounting for Long-Term Investments, Tangible Assets, and Intangible Assets.
- Depreciation and Amortization Methods.
- Disclosure Requirements for long-term assets.
4. Cost Management Concepts
- Fundamental Cost Management Principles.
- Fixed vs. Variable Costs and their impact on decision-making.
- Introduction to Cost-Volume-Profit (CVP) Analysis.
5. Cost Accumulation Systems
- Understanding different cost accumulation systems: Job Order Costing, Process Costing, and Activity-Based Costing (ABC).
- Applications of each system in various industries.
6. Cost Allocation Techniques
- Methods for allocating Overhead Costs.
- Joint Cost Allocation and By-Product Accounting.
7. Operational Efficiency and Business Process Performance
- Strategies to enhance Operational Efficiency.
- Key Performance Indicators (KPIs) and techniques for measuring Business Process Performance.
8. Analysis & Forecasting Techniques
- Financial Ratio Analysis: Liquidity, profitability, and solvency ratios.
- Forecasting Techniques: Time-series analysis, regression analysis, and other quantitative forecasting methods.
9. Budgeting – Concepts, Methodologies, and Preparation
- Key budgeting concepts and their role in strategic planning.
- Different types of budgets: Operating Budgets, Capital Budgets, and Cash Budgets.
- Preparation Techniques for effective budget planning.
10. Cost & Variance Measures
- Understanding Standard Costs and the process of setting cost standards.
- Variance Analysis: Calculating and interpreting Material, Labor, and Overhead Variances.
11. Responsibility Accounting and Performance Measures
- Responsibility Centers: Cost centers, profit centers, and investment centers.
- Performance Measurement Tools: Return on Investment (ROI), Residual Income, and Economic Value Added (EVA).
12. Internal Controls – Risk & Procedures for Control
- Identifying and assessing Financial Risks.
- Designing and implementing Internal Control Systems to mitigate risks.
- Understanding Control Procedures to safeguard assets and ensure accurate reporting.
13. Internal Control – Internal Auditing & Systems Controls
- Introduction to Internal Auditing: Roles, responsibilities, and key processes.
- Understanding Systems Controls and the importance of maintaining accurate and reliable financial information.
By completing this program, participants will gain a strong foundation in management accounting, equipping them with the skills to analyze financial data, develop strategic management plans, and implement effective internal controls. This course will prepare participants for the CMA certification exam, ensuring they are well-prepared for a career in financial management and leadership.
Updated on 09 October, 2024Eligibility / Requirements
1. Register and maintain membership in IMA.
2. Bachelor’s degree holder or equivalent degree from recognized college or university.
3. Professional experience of two year in management accounting or financial management.
4. Enroll into the CMA program.
5. Attempt and pass Parts 1 and 2 of the CMA exam.
6. Accept by IMAs Statement of Ethical Professional Practice.
Job roles this course is suitable for:
Account Executive , Assistant Management Accountant , Manager AccountingCourse Location
About Cambridge Institute of Management Accountants & Consultants
About Us
If you're searching for CMA Classes in Dubai & Sharjah, look no further than the Cambridge Institute of Management Accountants & Consultants—the premier CMA training institute in the UAE. Our CMA Certification serves as a gateway to a world of opportunities. We are a highly reputed training organization dedicated to delivering quality professional training in CMA, CPA, CIA, and various executive and leadership courses.
At Cambridge Institute, we pride ourselves on our team of competitive trainers from diverse fields, each possessing a wealth of multicultural industry experience. Our mission is to facilitate our aspirants with quality training and uphold high values in an integrated and proactive environment that enhances trainee knowledge and expertise, ultimately adding value to their careers and organizations.
Our Objective
Our primary objective is to empower our students with a highly interactive and friendly environment that fosters learning. We emphasize building character and intellectual abilities to help our trainees achieve their career and organizational goals. Our group of highly qualified in-house trainers collaborates with external trainers and industry practitioners from reputable organizations. This dynamic ensures that our programs are tailored to develop the stamina and diligence essential for success in an increasingly competitive international environment.
Course Offerings
We offer a wide range of high-demand courses tailored to meet current market requirements, available in remote, as well as both “On Site” and “In House” formats:
- CMA (USA)
- CPA (USA)
- CIA (USA)
- CIMA (UK)
- ACCA (UK)
- VAT – Training, Implementation, and Compliance
- HRM
- Soft Skills Courses
- Teachers Training Programs
- Leadership & Management
- Bookkeeping
- Financial Data Management on Tally ERP/Peachtree/SAGE50
For more information, feel free to contact us!
Our Mission
"Delivering Professional Education in a Professional Way"
Vital Stats
- 1000s Happy Customers
- 15+ Years of Experience
- 100s Corporates
Testimonials
Mutafyan Daria
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"I joined Cambridge Institute for CPA (USA). It is a very nice experience to be here. The staff and trainers are experienced, qualified, and cooperative, providing full support to their students."
Zakir Hussain
⭐ ⭐ ⭐ ⭐ ⭐
"Joining CAMBRIDGE for CMA was probably one of the best decisions I've made. Kareem Sir’s teaching skills are incredibly effective, focusing on concepts and providing techniques to solve answers quickly."
Ahmad Khalique
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"I found Mr. Tamer to be a very helpful and cooperative person. He assists students in completing their tasks easily by providing them with a study bank, making exam preparation straightforward."
Hasan Ghanim
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"This institute offers flexibility in study schedules and remote attendance options, with full support from the beginning of the course until the exam day. Thanks to Professor Karim and Director Tamer for their cooperation."
Najeeb Paul
⭐ ⭐ ⭐ ⭐ ⭐
"For CMA, Cambridge Institute stands out as a superior educational institution due to the exceptional guidance provided by Kareem Sir and Tamer Sir. Their unwavering support makes them invaluable assets to the learning environment."
Hamo Khalid
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"من المعاهد الممتازه جدا من حسن تعاملً بكل مهنيه و كل إنسانيه من أستاذ تآمر وأستاذ كريم."
Sabeena E G
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"I joined the institute for CMA preparation. Mr. Kareem made complex problems easier to understand, and Mr. Tamer provided study materials that made exam preparation a breeze."
John Amtete
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"Kareem greatly enhanced my understanding of CMA through his ability to simplify complex concepts, while Tamer efficiently organized course resources for optimized learning."
Ahmad Alremesh
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"As a CMA student, I wouldn't consider looking for another training institution. The instructors are professional and flexible, providing unlimited one-on-one sessions as needed."
Muhammad Ismail
⭐ ⭐ ⭐ ⭐ ⭐
"The atmosphere is exceptionally friendly, and I greatly appreciate Mr. Kareem's teaching. They focus on service rather than merely business."
For more testimonials and to learn how we can help you achieve your professional goals, contact us today!
See all Cambridge Institute of Management Accountants & Consultants coursesCMA Related Questions
What are the prerequisite to take CMA?
Answered // 2 Responses May 3, 2018
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