Exam Preparation Training (CMA®)

Certified Management Accountant (CMA®)

The CMA® (Certified Management Accountant) program, offered by IMA®- CMA®, is a globally recognized certification for accounting and finance professionals. This prestigious certification provides learner with clear understanding of financial planning, analysis, control and decision making while upholding the highest ethical standards. CMA® credential considered as gold standard for management accounting and validates Professional dedication through a rigorous two-part exam. Holding the IMA®- CMA® designation proves mastery in management accounting, financial strategy, analytics and risk mitigation.

Certification Body

Institute of Management Accountants – IMA® USA

Learning Objectives:

• Expertise in Financial reporting and statements
• Mastery in planning, forecasting and controlling Budget.
• Enhance Strategic Decision-Making skills
• Expertise in using financial management tools.
• Mastery in eliminating financial risks
• Expertise to Identify and evaluate potential investment opportunities.
• Highlights business ethics & ethical considerations for management accounting

Benefits of Doing CMA:

• Global Recognition: CMA certification is a globally recognized professional credential for management accountants
• Financial Knowledge and Skills: CMA proves your expertise in financial planning, analysis, control, decision making and professional ethics.
• Career advancement: Earning your CMA designation can open doors to many exciting career opportunities in finance, accounting, and business management.
• Global Networking Opportunity: Through events, you can connect with other CMA qualified professionals globally.

Exam Contents:

CMA Part 1: Financial Planning, Performance, And Analytics

• External Financial Reporting Decisions
• Planning, Budgeting, and Forecasting
• Performance Management
• Cost Management
• Internal Controls
• Technology and Analytics

CMA Part 2: Strategic Financial Management

• Financial Statement Analysis
• Corporate Finance
• Decision Analysis
• Risk Management
• Investment Decisions
• Professional Ethics

Target Audience:

• Senior Accountant
• Accounts Manager
• Internal Auditor
• Finance Manager
• Financial Analyst
• Financial Controller
• Any individual, who is directly or indirectly a part of Finance & Accounts

Eligibility Criteria:

• Educational Requirement: Bachelor’s Degree from an accredited college or university.
• Experience Requirement: Two years Continuous Professional experience specifically in management accounting and/or financial management.
• Completion Timing: The fulfillment of these requirements may occur either before or within seven years of passing the examination.
• Adhere to the IMA Statement of Ethical Professional Practice.
Maintain an active IMA membership.

Examination Information:

Exam for Two parts, each comprising:
100 Multiple Choice Questions (MCQs)
Two Essay Questions (30 minutes each)- Candidates need at least 50% correct MCQs to access the essay section
Duration: Four hours per part.
Pass/Fail Determination: Total score determines pass/fail status; passing both sections separately are not mandatory.
Result Notification:
Exam results emailed and posted online about six weeks after testing.
Updates in Standards:
GAAP/IFRS changes reflected in the CMA® exam one-year post-effective date.
Exam Center:
Candidates can take the exam at any Prometric Centre for flexibility and convenience.

Recertification:

Continuing Professional Education (CPE):
Requirement: 30 CPE credits per year for CMA® certification holders.
Membership Maintenance:
Obligation to sustain IMA membership.
Adherence to Ethical Standards:
Commitment to uphold IMA’s Statement of Ethical Professional Practice.

Feel free to contact us for Certified Management Accountant Training at info@tranfedu.ae or call us at +971 58 5105675

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Certified Management Accountant(CMA®) Exam Preparation Training Programs