CMA. Certified Management Accountant. Handbook

Transcription

1 CMA Certified Management Accountant Handbook

2 CMA Certified Management Accountant What is the CMA The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance. Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, and decision support, as well as professional ethics. The CMA Credential Focused On the critical skills you use in business. Respected Leading employers seek to hire and promote CMAs. Companies such as 3M, Alcoa, AT&T, Bank of America, Boeing, Cargill, Caterpillar, ConAgra, Hewlett-Packard, Johnson & Johnson, Microsoft, Procter & Gamble, KeyCorp, Whirlpool, Saudi Aramco, Verizon and Xerox have CMAs in key management roles. Valued CMAs earn higher compensation than noncertified professionals. Convenient CMA exams are offered in hundreds of locations worldwide.

3 Why and Who Should Apply for the CMA The Certified Management Accountant (CMA) designation reflects a demonstrated ability to work across the breadth and depth of the entire accounting process within organizations as well as a proficiency in decision-making, planning, and control functions. This certification provides distinction in today's economic climate and affords the opportunity to certify your expertise in the business areas that are critical to the decision-making process. Decison Making The Entire Accounting Process CMA Planning Controlling CMA Distinctions and Benefits As a CMA, you will be recognized for your achievement and distinguished from your peers. This will increase your credibility and productivity as well as provide opportunities to assess and demonstrate capabilities and expand your knowledge base. Businesses around the world rely on CMAs for accounting, finance, information management, and most importantly, the strategic planning and business solutions provided by these qualified professionals. Management accountants are the valued business advisors who work across all areas of an organization, in decision support, planning, and control functions. Their role is distinct from the responsibilities of public accountants, who focus on audit, tax, and compliance. Some common job titles for management accountants include:

4 Cost Accountant Staff Accountant Treasurer Internal Auditor CMA Vice President of Finance Finance manager Controller and Financial Analyst IMA Middle East Salary Survay As an international professional association, IMA has increasingly assumed a leadership role in driving the global growth of the management accounting profession. This trend is especially reflected in the tremendous increase in IMA members in the Middle East. This growth raises the question of how much IMA members in the region are paid, what factors affect their compensation, and what factors affect their companies success. For more than 20 years, IMA has published the results of annual salary surveys of its U.S. members. Now here are the results of a similar salary survey of Middle East members.

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7 Join The CMA Courses Now at Milestones Course Schedule: Every Thursday From 6:30 PM till 9:00 PM Course Location: Milestones Head Office, Antelias Course Duration: weeks Exams Schedule: Every, January- February, May-June, September-October Exam Location: Amideast, Beirut, Down Town The CMA Curriculum 1: Part One 2: Part Two External Fin. Reporting Decision Financial Statement Analysis Planning, Budgeting, & Forcasting Corporate Finance Performance Management Decision Analysis & Risk Management Cost Management Investment Decisions Internal Controls Professional Ethics The CMA Exams 1: Part One Financial Planning Performance and Control 4 hours 100 multiple choice questions and two 30- min essay questions 2: Part Two Financial Decision Making 4 hours 100 multiple choice questions and two 30- min essay questions The exam parts can be taken in any order. Only one exam can be taken at a time. Candidates must register to take one exam part within the first 12 months of entering the program and must complete both exam parts within three years.

8 IMA Membership and Exam Fees IMA Membership Fee (nonrefundable) $235 Certification Entrance Fee (nonrefundable) $240 Exam Fee $395 per part Prometric Rescheduling Fee: to reschedule your appointment within 30 days of your scheduled appointment $50 Please note: Candidates must complete parts 1 and 2 of the CMA exam within three years of entry into the program Candidates also must register for an exam part within the first 12 months of entering the program Fees subject to change Requirements To be Certified as a CMA, Candidates must fulfill both an education requirement and an experience requirement in addition to passing the exam Bachelor's degree from an accredited college or university Two continuous years of professional experience Foundational knowledge of economics, basic statistics, and fi nancial accounting

9 Gleim CMA Materials We help you attain higher levels of knowledge (analysis, synthesis, and evaluation) while you learn concepts and problem-solving techniques. Our mission is to maximize knowledge transfer while minimizing your time, frustration, and cost.. We help people help themselves succeed in their careers. We assist thousands of individuals each year. We provide prompt, courteous service and satisfy virtually everyone who uses our books, Test Prep Software, audios, online courses, and other services. Visit or mail us on Call /