Certified Management Accountant -CMA(USA) Part-1

Certified Management Accountants - A certification awarded by IMA USA (The Institute of Management Accountants - USA). www.imanet.org

The CMA is the globally recognized, advanced-level credential appropriate for accountants and financial professionals in the business. Achieving the CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – skills that are in demand by organizations around the world.

Whether you want to enhance the value you bring to your current position, or expand your career potential, the CMA will help you set the standard for professional excellence.
To Become a CMA

To earn the CMA, you need to meet the following requirements:
• Maintain membership in IMA. If you aren't already a member, join IMA now.
• Hold a bachelor’s degree from an accredited college or university or an equivalent degree as determined by an independent evaluation agency).
• Two continuous years of professional experience in management accounting or financial management.
• Entrance into the CMA program.
• Complete and pass Parts 1 and 2 of the CMA exam.
• Abide by The IMA’s Statement of Ethical Professional Practice.

This Part covers knowledge of the general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of business transactions, analysis, decision making, budgeting & forecasting and other managerial functions needed to apply in the organization.

• External Financial Statements & Revenue Recognition
• Measurement, Valuation & Disclosure – Investments & Short Term Items
• Measurement, Valuation & Disclosure – Long Term Items
• Cost Management Concepts
• Cost Accumulation Systems
• Cost Allocation Techniques
• Operational Efficiency and Business Process Performance
• Analysis & Forecasting Techniques
• Budgeting – Concepts, Methodologies, and Preparation
• Cost & Variance Measures 
• Responsibility Accounting and Performance Measures
• Internal Controls – Risk & Procedures for Control
• Internal Control – Internal Auditing & Systems Controls

Part-II  Financial Decision Making

This Part covers knowledge of basic financial decision-making techniques and in-depth knowledge of these tools. After getting this knowledge, you will be able to take part in Financial Decision Making in your organization. The concepts will help to understand how to analyze the financial data and financial statements of the organization which helps in improving the overall efficiency of the organization.

• Ethics for the Management Accountants
• Ratio Analysis
• Profitability Analysis and Analytical Issues
• Investment Risk & Portfolio Management 
• Financial Instruments & Cost of Capital
• Managing Current Assets 
• Raising Capital, Corporate Restructuring and International Finance 
• CVP Analysis and Marginal Analysis
• Decision Analysis and Risk Management
• Investment Decisions