Description
- Course Overview
The Certified Management Accountant (CMA) certification, offered by the Institute of Management Accountants (IMA), is the gold standard in financial management and strategic business decision-making.
Part One of the CMA program focuses on Financial Planning, Performance, and Analytics, equipping professionals with the critical skills needed to analyze financial data, optimize business performance, and drive corporate value.
This course prepares participants for Part One of the CMA exam, covering key areas such as cost management, budgeting, internal controls, and financial statement analysis. Through practical case studies, real-world scenarios, and exam-focused strategies, participants will gain a deep understanding of financial planning and decision-making at an advanced level.
- What Will You Learn?
External Financial Reporting Decisions (15%)
Understanding financial statements and key accounting principles.
Analyzing balance sheets, income statements, and cash flow statements.
Applying revenue recognition and inventory valuation techniques.
Planning, Budgeting, and Forecasting (20%)
Mastering budgeting methodologies and forecasting models.
Implementing cost-volume-profit (CVP) analysis.
Preparing operating, capital, and financial budgets.
Performance Management (20%)
Designing and evaluating performance measurement systems.
Utilizing financial and non-financial performance indicators.
Applying variance analysis for cost control and performance improvement.
Cost Management (15%)
Understanding cost classification, allocation, and cost behavior analysis.
Implementing activity-based costing (ABC) and standard costing systems.
Managing cost reduction strategies and operational efficiency.
Internal Controls (15%)
Establishing a strong internal control framework.
Identifying risks and implementing fraud prevention strategies.
Evaluating corporate governance and compliance requirements.
Technology and Analytics (15%)
Leveraging data analytics for financial decision-making.
Utilizing business intelligence and AI in financial planning.
Applying data visualization techniques for strategic insights - Requirements:
Eligibility (Must satisfy at least one)
Bachelor's degree or professional accounting certification required
2 years of work experience required
Successfully passed parts 1 and 2 of the exam - Who Should Attend?
This program is designed for finance and accounting professionals aiming to obtain the CMA certification and advance their careers in management accounting, financial planning, and corporate finance, including:
Financial Analysts & Management Accountants – Strengthening financial planning and performance skills.
CFOs & Senior Finance Executives – Enhancing strategic decision-making capabilities.
Cost Accountants & Budgeting Professionals – Mastering cost management and variance analysis.
Internal Auditors & Risk Managers – Improving internal controls and compliance frameworks.
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