Certified Management Accountant (CMA®)
Language
English
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Course Rating is:
4.7 (By 15 Learners )
Why Bakkah?
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Global Accreditation
Flexible Learning
About this Course
What to Expect From the Certified Management Accountant (CMA®)
By the end of the course, you will be able to:
- Understand and apply the full CMA exam content for Part 1 and Part 2 in line with IMA standards.
- Analyze financial and non-financial data to evaluate organizational performance.
- Develop budgets, forecasts, and financial plans aligned with strategic objectives.
- Apply cost management and performance management techniques to support decision-making.
- Evaluate investment opportunities, financial risks, and business alternatives.
- Use financial insights to support management decisions ethically and professionally.
Who Needs The Certified Management Accountant (CMA®)
- Accountants and finance professionals seeking CMA certification.
- Financial analysts, cost accountants, and management accountants.
- Mid-level and senior professionals aiming for leadership roles in finance.
- Professionals involved in budgeting, planning, performance management, and strategy.
- Graduates and early-career professionals preparing for global finance certifications.
What are the Skills Acquired From this Certified Management Accountant (CMA®)
- Strategic financial thinking and business analysis.
- Planning, budgeting, and forecasting skills aligned with organizational goals.
- Performance measurement and management using financial and operational metrics.
- Cost analysis and decision-support techniques.
- Investment appraisal and risk management skills.
- Ethical judgment and professional decision-making.
- Data-driven analysis using technology and analytics concepts relevant to CMAs.
Exam Format
- Total exam duration: 4 hours per part
- Multiple-choice section: 3 hours
- 100 multiple-choice questions
- Essay section: 1 hour
- Two essay scenarios, each allocated 30 minutes
- Each scenario includes approximately 10–12 written responses and/or calculation questions
CMA Exam Parts and Content Areas
Part 1: Financial Planning, Performance, and Analytics
| Competency Area | Weight |
| External Financial Reporting Decisions | 15% |
| Planning, Budgeting, and Forecasting | 20% |
| Performance Management | 20% |
| Cost Management | 15% |
| Internal Controls | 15% |
| Technology and Analytics | 15% |
| Total | 100% |
Part 2: Strategic Financial Management
| Competency Area | Weight |
|---|---|
| Financial Statement Analysis | 20% |
| Corporate Finance | 20% |
| Business Decision Analysis | 25% |
| Enterprise Risk Management | 10% |
| Capital Investment Decisions | 10% |
| Professional Ethics | 15% |
| Total | 100% |
Course Inclusions
- Financial statements
- Recognition, measurement, and valuation
- Strategic planning
- Budgeting concepts
- Forecasting techniques
- Budgeting methodologies
- Annual profit plan and supporting schedules
- Top-level planning and analysis
- Cost and variance measures
- Responsibility centers and reporting segments
- Performance measures
- Measurement concepts
- Costing systems
- Overhead costs
- Supply chain management
- Business process improvement
- Governance, risk, and compliance
- System controls and security measures
- Information systems
- Data governance
- Technology-enabled finance transformation
- Data analytics
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