IMA - Institute of Management Accountants

Founded in Buffalo, N.Y. in 1919, IMA® (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in the business. Founded in 1919, they are one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Besides, they are committed to empowering our 125,000+ members—and those throughout the rest of the profession—to strengthen on-the-job skills, better manage companies, and accelerate careers. Whilst representing more than 70,000 professional members, IMA is committed to promote knowledge and professionalism among cost accountants and foster a wider understanding of the role of cost accounting in management. In this regard, IMA’s mission is to provide a forum for research, practice development, education, knowledge sharing, and the advocacy of the highest ethical and best business practices in management accounting and finance. IMA achieves its main goal through: » Offering a rigorous, highly respected credential – the CMA – that recognized and rewards expertise » Building a peer network of professional relationships to share industry experience, access career opportunities, and make business contacts to last a lifetime.

Course Overview

The CMA program enables finance and accounting professionals to master 12 core practice areas within the management accounting competency framework, including planning and budgeting, financial reporting, internal controls, technology and analytics, investment decision-making, and performance and risk management.

CMA-certified professionals can find employment opportunities across a wide range of industries, including:

  • Finance, insurance, and banking
  • Manufacturing, construction, and mining
  • Communication, transportation, and utility services
  • Real estate, mining, and education
  • Health and medical services
  • Government and not-for-profit


For More Inquiries

Shady Gamal Zaki

Business Development Assistant Manager

 +966534175887

 s.gamal@beacon.com.eg

Shady Gamal Zaki

Business Development Assistant Manager

 +966534175887

 s.gamal@beacon.com.eg

Course Outcome

Discover how strategic planning determines the path an organization, and understand budgeting and forecasting techniques.

Demonstrate performance management measures and cost management concepts and systems.

Conduct and compute financial statements analysis efficiently.

Analyze decisions and recommend strategies and actions based on the analysis.

Identify the process of investment decision making and factors affecting it.

Course Outline

Part 1 :Financial Planning, Performance, and Analytics

A. External Financial Reporting Decisions
1. Financial statements
2. Recognition, measurement, valuation, and disclosure

B. Planning, Budgeting, and Forecasting
1. Strategic planning
2. Budgeting concepts
3. Forecasting techniques
4. Budgeting methodologies
6. Top-level planning and analysis

C. Performance Management
1. Cost and variance measures
2. Responsibility centers and reporting segments
3. Performance measures

D. Cost Management
1. Measurement concepts
2. Costing systems
3. Overhead costs
4. Supply chain management
5. Business process improvement

E. Internal Controls
1. Governance, risk, and compliance
2. System controls and security measures

F. Technology and Analytics
1. Information systems
2. Data governance
3. Technology-enabled finance transformation
4. Data analytics

Part 2 :Strategic Financial Management
A. Financial Statement Analysis
1. Basic financial statement analysis
2. Financial ratios
3. Profitability analysis
4. Special issues

B. Corporate Finance
1. Risk and return
2. Long-term financial management
3. Raising capital
4. Working capital management
5. Corporate restructuring
6. International finance

C. Decision Analysis
1. Cost/volume/profit analysis
2. Marginal analysis
3. Pricing

D. Risk Management
1. Enterprise risk

E. Investment Decisions
1. Capital budgeting process
2. Capital investment analysis methods

F. Professional Ethics
1. Business ethics
2. Ethical considerations for management accounting and financial management professionals
3. Ethical considerations for the organization


CMA Calendar

Date Tenure Modality Venue CHr
14 Dec 5 Months Virtual Zoom 90
24 Nov 5 Months Face To Face Holiday Inn - Riyadh 90

Who Should Attend

Whether you are an experienced accounting professional or a student who
is now embarking on their professional journey, the CMA certification
will give you a professional edge over others, allowing you to lead the
financial growth of sought- after global organizations. It is ideal for accountancy or financial professionals carrying out the following
duties: Preparation of financial statements Financial planning & analysis Monthly, quarterly, and year end close Auditing (external or internal) Budget preparation & reporting Manage general ledger and balance sheets Forecasting Company investment decision making Costing analysis Risk evaluation

FAQ

The pass rate on the CMA differs by geographic region, but averages about 50% on both parts 1 and 2.

No, you can take parts 1 and 2 in any order. You have the option of taking both together on the same day, although many members choose to separate their testing dates.

The minimum passing score is 360 for both parts of the exam. The exam score range is 0-500.

Accounting background is helpful but not required. Usually candidates come from a variety of bachelor degree programs and industries, including (but not limited to) engineering, business administration, economics, and finance.

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