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CMA course is pursued by the students who want to be a certified management accountant. The CMA course covers all the concepts of accounting and finance and provides in-depth knowledge to the students.
Certified Management Accounting -CMA Course, is an accounting classification that means ability in financial accounting and key administration.
The experts who get this course are colloquially known as CMAs and are qualified for an assortment of parts extending from the money-related controller to a chief financial officer (CFO).
The outcomes you gain through certified management accountant:
Vibe education covers all the aspects of the CMA paper. Our certified professionals provide their best in the training of CMA courses. The details of the certified management course and their topics are following:
Part 1 – Financial Planning, Performance, and Analytics
1: External Financial Reporting Decisions
| Financial statements |
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| Recognition, measurement, valuation, and disclosure |
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2: Planning, Budgeting, and Forecasting
| Strategic planning |
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| Budgeting concepts |
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| Forecasting techniques |
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| Budgeting methodologies |
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| Annual profit plan and supporting schedules |
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| Top-level planning and analysis |
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| Cost and variance measures |
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| Responsibility centers and reporting segments |
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| Performance measures |
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| Measurement concepts |
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| Costing systems |
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| Overhead costs |
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| Supply chain management |
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| Business process improvement |
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| Governance, risk, and compliance |
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| System controls and security measures |
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| Information systems |
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| Data governance |
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| Technology-enabled finance transformation |
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| Data analytics |
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Part 2 – Strategic Financial Management
| Basic financial statement analysis |
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| Financial ratios |
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| Profitability analysis |
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| Special issues |
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| Risk and return |
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| Long-term financial management |
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| Raising capital |
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| Working capital management |
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| Corporate restructuring |
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| International finance |
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| Cost/volume/profit analysis |
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| Marginal analysis |
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| Pricing |
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| Enterprise risk |
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| Capital budgeting process |
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| Capital investment analysis methods |
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| Business ethics |
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| Ethical considerations for management accounting and financial management professionals |
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| Ethical considerations for the organization |
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The certified management accounting (CMA) certification, termed by the Institute of Management Accountant (IMA), builds on monetary accounting capability by including administration aptitudes that help make key trade choices based on monetary data.
Oftentimes, the reports and examinations arranged by certified administration bookkeepers (CMAs) will go over and past those required by and largely acknowledged bookkeeping standards (GAAP).
For case, in expansion to a company’s required GAAP financial explanations, CMAs may plan extra administration reports that give particular bits of knowledge valuable to corporate decision-makers, such as execution measurements on particular company offices, items, or indeed representatives.
Certified management accountants (CMAs) and other accountants are anticipated to develop requests over the coming long time.
Between 2019 and 2029, the contracting of accountants is anticipated to develop by 4%. Due to the nonappearance of standardization, this development is anticipated to proceed within the administration accounting division since companies have an impressive flexibility in planning administration-accounting frameworks.
The certified accountant’s salary ranges from $66,000 to $119,000. It depends on the post of accounting.
Advantages of CMA Course.
There are many advantages to pursuing a certified management accounting designation, especially if you live and work in Dubai. The city has a truly international vibe, and certified management accountants are in high demand here. Employers value the fact that CMAs have a strong understanding of both financial accounting and managerial decision-making.
In addition, CMAs are often well-versed in the latest technology and financial software applications. This makes them uniquely qualified to take on leadership roles in a variety of industries.
If you’re looking to advance your career and take on greater responsibility, pursuing a CMA designation is a great way to do it.
The Board of Officials of ICMA has in general duty for assessing and approving CMA applicants, credentials, creating, regulating, and evaluating the CMA examinations, and regulating the continuing instruction necessities for members.
The Board comprises between 15 and 19 Regents who are named to serve three-year terms.
Individuals of the Board are professionals and educators within the field of administration accounting and financial management. All candidates are required to validate the legitimacy of their qualifications (i.e., education, certification, and work involvement documentation) and the precision of all articulations made in their application.
The eligibility criteria and the certified accountant requirements are given below:
IMA fee structure | Professionals | Young Professionals |
Membership fees of IMA | $235 | $145 |
Entrance fees for CMA | $250 | $188 |
Part 1 registration fees | $425 | $311 |
Part 2 registration fees | $425 | $311 |
There are two parts of the CMA paper each consisting of 6 subjects. Both of the parts are based on 100 questions and 2 essays. The time limit for completing both parts is 4 hours.
The two parts of the CMA paper and their subjects are following:
Part 1 – Financial Planning, Performance, and Analytics |
External Financial Reporting Decisions |
Planning, Budgeting, and Forecasting |
Performance Management |
Cost Management |
Internal Controls |
Technology and Analytics |
Part 2 – Strategic Financial Management |
Financial Statement Analysis |
Corporate Finance |
Decision Analysis |
Risk Management |
Investment Decisions |
Professional Ethics |
There are two parts of the CMA paper each consisting of 6 subjects. Both of the parts are based on 100 questions and 2 essays. The time limit for completing both parts is 4 hours.
The two parts of the CMA paper and their subjects are following:
Part 1 – Financial Planning, Performance, and Analytics |
External Financial Reporting Decisions |
Planning, Budgeting, and Forecasting |
Performance Management |
Cost Management |
Internal Controls |
Technology and Analytics |
Part 2 – Strategic Financial Management |
Financial Statement Analysis |
Corporate Finance |
Decision Analysis |
Risk Management |
Investment Decisions |
Professional Ethics |
Vibe education offers both in-person and online courses to make you prepare thoroughly with CMA concepts, tips, and techniques. Vibe education also provides exceptional online classes to Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Our qualified CMA trainers will make sure you are fully prepared before attempting the exam.
