CMA Outline

COURSEOVERVIEW

The CMA program has been designed to meet the evolving needs of business today and tomorrow. We look forward to helping you achieve excellence as a professional. Certification will confirm your proficiency in your chosen field and your dedication to personal and professional growth. CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance. The CMA Program is tailor-made for accounting and finance professionals at all levels, whether you want to enhance your value to your current organization or expand your career potential.

OBJECTIVES

In the coaching of CMA student will be learning to prepare and analyze the financial statements, budgeting and forecasting, Performance management of companies, Cost Management, Internal Controls, Corporate Finance, Decision Analysis, Risk Management and investment analysis

OUTLINE:

Part 1 – Financial Planning, Performance and Control
A. Planning, Budgeting and Forecasting

  • Budgeting concepts
  • Forecasting techniques
  • Budgeting methodologies
  • Annual profit plan and supporting schedules
  • Top-level planning and analysis

B.Performance Management

  • Cost and variance measures
  • Responsibility centers and reporting segments
  • Performance measures

C. Cost Management

  • Measurement concepts
  • Costing systems
  • Overhead costs
  • Operational Efficiency
  • Business process performance

D. Internal Controls

  • Risk assessment, controls, and risk management
  • Internal auditing
  • Systems controls and security measures

E. Professional Ethics

  • Ethical considerations for management accounting and financial management professionals

Part 2- Financial Decision Making
A. Financial Statement Analysis

  • Basic Financial Statement Analysis
  • Financial Performance Metrics – Financial Ratios
  • Profitability analysis
  • Analytical Issues in Financial Accounting

B. Corporate Finance

  • Risk and return
  • Managing financial risk
  • Financial instruments
  • Cost of capital
  • Managing current assets
  • Raising capital
  • Corporate restructuring
  • International finance

C. Decision Analysis and Risk Management

  • Cost/volume/profit analysis
  • Marginal analysis
  • Pricing
  • Risk assessment

D. Investment Decisions

  • Capital budgeting process
  • Discounted cash flow analysis
  • Payback and discounted payback
  • Ranking investment projects
  • Risk analysis in capital investment
  • Valuation

E. Professional Ethics

  • Ethical considerations for the organization