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Certified Management Accountant (CMA) Course Details

Certified Management Accountant (CMA) – Part 1: Financial Reporting, Planning, Performance, and Control

External Financial Reporting Decisions

This portion of syllabus is mainly concered about preparation of financial statements: balance sheet, income statement, statement of changes in equity, statement of cash flows; valuation of assets and liabilities; operating and capital leases; impact of equity transactions; revenue recognition; income measurement; major differences between U.S. GAAP and IFRS.

  • External Financial Reporting Decisions 15%

Planning, Budgeting and Forecasting

Strategic planning process; budgeting concepts; annual profit plans and supporting schedules;
types of budgets, including activity-based budgeting, project budgeting, flexible budgeting; toplevel
planning and analysis; and forecasting, including quantitative methods such as regression
and learning curve analysis.

  • Planning, Budgeting and Forecasting 30%

Performance Managementg

Factors to be analyzed for control and performance evaluation including revenues, costs,
profits, and investment in assets; variance analysis based on flexible budgets
and standard costs; responsibility accounting for revenue, cost, contribution and profit centers; key
performance indicators; and balanced scorecard.

  • Performance Management 20%

Cost Management

Cost concepts, flows and terminology; alternative cost objectives; cost measurement concepts;
cost accumulation systems including job order costing, process costing, and activity-based costing;
overhead cost allocation; supply chain management and business process performance topics such
as lean manufacturing, ERP, theory of constraints, value chain analysis, ABM, continuous
improvement and efficient accounting processes.

  • Cost Management 20%

Internal Controls

Corporate governance; internal control risk; internal control environment, procedures, and
standards; responsibility and authority for internal auditing; types of audits; assessing the
adequacy of the accounting information system controls; and business continuity planning.

  • Internal Controls 15%

Certified Management Accountant (CMA) – Part 2: Financial Decesion Making

Financial Statement Analysis

Calculation and interpretation of financial ratios; evaluate performance utilizing multiple ratios;
market value vs. book value; profitability analysis; analytical issues including impact of foreign
operations, effects of changing prices and inflation, off- balance sheet financing, and earnings

  • Financial Statement Analysis 25%

Corporate Finance

Types of risk; including credit, foreign exchange, interest rate, market, and political risk; capital
instruments for long-term financing; initial and secondary public offerings; dividend policy; cost
of capital; working capital management; raising capital; managing and financing working capital;
mergers and acquisitions; and international finance.

  • Corporate Finance 20%

Decesion Analysis

Relevant data concepts; cost-volume-profit analysis; marginal analysis; make vs. buy decisions;
income tax implications for operational decision analysis; pricing methodologies including market
comparable, cost-based and value-based approaches.

  • Decision Analysis 20%

Risk Management

Types of risk including business, hazard, financial, operational, strategic, legal compliance and
political risk; risk mitigation; risk management; risk analysis; and ERM.

  • Risk Management 10%

Investment Decesions

Cash flow estimates; discounted cash flow concepts; net present value; internal rate of return,
discounted payback; payback; income tax implications for investment decisions; risk analysis; and
real options.

  • Investment Decisions 15%

Professional Ethics

Ethical considerations for management accounting professionals and for the organization.

  • Professional Ethics 10%

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Masdar City, Abu Dhabi, U.A.E.
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Mob: +971 50 963 1642
Email: [email protected]
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