CMA – Certified Management Accountant Courses in Dubai
IMA’s CMA® (Certified Management Accountant) certification is a professional credential that can be earned in the advanced management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics, the skills most in demand on finance teams around the world. The CMA is a U.S.-based, globally recognized certification offered by The Institute of Management Accountants.
CMA-certified professionals work inside organizations of all sizes, industries, and types, including manufacturing and services, public and private enterprises, not-for-profit organizations, academic institutions, government entities, and multinational corporations. To date, more than 45,000 CMAs have been certified in more than 100 countries. To obtain certification, candidates must pass a rigorous exam, meet an educational requirement, experience requirement, and demonstrate a commitment to continuous learning through Continuing Professional Education (CPE).
The CMA credential is your key to greater career potential. Pursue the CMA and demonstrate your mastery of the critical accounting and financial management skills needed on the job today. CMAs earn the credential through work experience, a rigorous two-part exam, and continuing education
The Certified Management Accountant Exam is two part exam that must be passed as a prerequisite to earning the CMA designation. Since 2010, the exam has been condensed into two four-hour parts covering the largely the same material as the former four part exam with added emphasis on financial planning, analysis, control, and decision support. The CMA exams are given during three testing window periods: January/February, May/June and September/October at Prometric centers. Each exam consists of 100 multiple choice questions and two 30-minute essay questions. Candidates are given 3 hours to complete the multiple choice section and one hour to complete the essays. Candidates must show their work for the essay questions in order to receive credit. Parts 1 and 2 of the CMA exam are scored on a scale of 0-500 with a candidate’s raw score converted to a uniform scaled score against all exam candidates. On this scale, a score of 360 represents the minimum passing scaled score. Candidates are given three years from registering to pass both parts of the exam
The CMA® program has four objectives:
- To establish management accounting as a recognized Profession by identifying the role of the management Accountant and financial manager, the underlying body of Knowledge and course of study by which such knowledge is acquired
- To encourage higher educational standards in the management accounting field
- To establish an objective measure of an individual’s knowledge and competence in the field of management accounting; and
- To encourage continued professional development by Management Accountants
Added Value Advantage on Passing CMA exams :
> ICWA (Institute of Cost & Works Accountant) India for 100% Exam Exemptions
(the course takes generally 3 – 5 years to finish).
> CGA (Canada) advanced entry level for CGA Program
> ACCA – UK 7 Papers Exemptions and you may choose to study and pass 9 Papers and achieve ACCA UK .
> CIMA – UK , 12 Papers Exemptions and you may choose to study and pass 5 Papers and achieve CIMA Qualification .
Effective from 2015 , CMA Syllabus
|Part 1 – Financial Reporting, Planning, Performance, and Control||Part 2 – Financial Decision Making|
|· External financial reporting decisions (15%)|
· Planning, budgeting and forecasting (30%)
· Performance management (20%)
· Cost management (20%)
· Internal controls (15%)
|· Financial statement analysis (25%)|
· Corporate finance (20%)
· Decision analysis (20%)
· Risk management (10%)
· Investment decisions (15%)
· Professional ethics (10%)
Things to consider for Certified Management Accountant Program (CMA)
Findings of IMA’s 20th Annual Salary Survey indicate that professionals holding IMA’s CMA certification have greater earning power – 24% higher in salary and 31% higher in total compensation – than their noncertified colleagues.
Prove your ability to become a strategic business partner, while you also enhance your self-confidence, your sense of accomplishment, and your resume.
The CMA designation represents a broad business competency and mastery of the management-level skills required to add value, drive business performance, and build quality financial practices within organizations. The program objectively tests and validates expertise in areas essential to analyzing, managing and evaluating business solutions that contribute to the success of an organization. The CMA credential indicates a commitment to excellence based on a strong, ethical foundation and dedication to lifelong learning.
Businesses around the world rely on CMAs for accounting, finance and information management and most importantly, for the strategic planning and business solutions provided by these qualified professionals.
To become a CMA, students would need to put in 3 months of effort for each part, study with Gliem materials and software with 3000+ MCQs, topped up with additional IMA MCQs for more practice, work twice a week with us, and twice a week on self-preparation, group studies and get your pace worked out and you would pass CMA in 6 months guaranteed*
*Guarantees are given to those students , who are diagnosed by the Trainers , during the initial few lectures , our trainers are thorough professionals and can judge students ability to crack such Prometric exams , in case of failing with a margin between 330 to 350 , National Academy will organize a free Full Course depending up on the availability of Courses.