The CMA (Certified Management Accountant) stands out as a distinctive credential tailored for professionals in the fields of accounting and financial management within business settings. Attaining the CMA certification validates your proficiency in crucial areas such as financial planning, analysis, control, decision support, and professional ethics. These skills are highly sought after by thriving organizations and their financial team leaders.
Earning the CMA not only signifies your dedication to professional development but also enhances your value within your current organization. Additionally, it serves as a pivotal factor in expanding your career potential. The CMA certification is the gateway to unlocking and maximizing your professional capabilities, making it a key asset in your journey toward career success.
For nearly 50 years, the CMA® (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. Why? Because CMAs can explain the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.
Course Objectives:
Formalize management accounting as a recognized profession by delineating the roles of the management accountant and financial manager, defining the foundational body of knowledge, and specifying the curriculum for acquiring this knowledge. Advocate for elevated educational standards within the management accounting domain. Establish a standardized metric for assessing an individual's knowledge and competence in the field of management accounting. Promote ongoing professional development among management accountants.
Target Audience:
Ideal for individuals who work in the areas of accounting, financial analysis, finance, or management.
Delivery Method:
In-Person Classes
Course Outline:
Part 1: Financial Planning, Performance, and Analytics:
- External Financial Reporting Decisions (15%)
- Planning, Budgeting, and Forecasting (20%)
- Performance Management (20%)
- Cost Management (15%)
- Internal Controls (15%)
- Technology and Analytics (15%)
Part 2: Strategic Financial Management:
- Financial Statement Analysis (20%)
- Corporate Finance (20%)
- Business Decision Analysis (25%)
- Enterprise Risk Management (10%)
- Capital Investment Decisions (10%)
- Professional Ethics (15%)
Exam Eligibility:
Registering for the CMA exam is best suited for candidates with a bachelor’s degree from an accredited college or university (or an equivalent qualification) or those who already hold a professional certification. Detailed information on eligibility requirements for acquiring the Certification title can be found in the attached handbook.
Education Qualification:
To become a certified CMA, candidates must satisfy one of the following education requirements and submit verification of education within seven years of completing the CMA examination.
- Bachelor’s Degree from an accredited college or university.
- Professional Certifications
Experience Qualification:
- Two continuous years of professional experience in management accounting or financial management.
- This requirement may be completed prior to or within seven years of passing the examination.
- Professional experience is expected to be gained in full-time employment.
- However, continuous part-time positions of 20 hours per week meeting the definition of qualified experience will count toward this requirement at a rate of one year of experience for every two years of part-time employment.
Exam Structure:
The CMA exam is a two-part exam covering 12 competencies:
Part 1: Financial Planning, Performance, and Analytics
4 hours – 100 multiple-choice questions and two 30-minute essays.
- External Financial Reporting Decisions (15%)
- Planning, Budgeting, and Forecasting (20%)
- Performance Management (20%)
- Cost Management (15%)
- Internal Controls (15%)
- Technology and Analytics (15%)
Part 2: Strategic Financial Management
4 hours – 100 multiple-choice questions and two 30-minute essays.
- Financial Statement Analysis (20%)
- Corporate Finance (20%)
- Business Decision Analysis (25%)
- Enterprise Risk Management (10%)
- Capital Investment Decisions (10%)
- Professional Ethics (15%)
The CMA examination is given in a computer-based format and is offered at Prometric Testing Centers located throughout the world and offered in three testing windows:
- January/February
- May/June
- September/October
*Testing location in Qatar: Moon Beam (Prometric)
Additional fees to consider:
Taking the examination involves three categories of required fees that are to be paid directly to the Institute of Management Accountants (IMA). These are the fees before discount. As a partner of the IMA, you’ll be receiving exclusive discounts on the below fees.
For Professional Members:
- Membership fee $295
- CMA Entrance Fee (nonrefundable): $300
- Exam Fee: $495 per part
For Student/Academic Members:
- Membership fee $186
- CMA Entrance Fee (nonrefundable): $225
- Exam Fee: $370 per part
*IMA membership is additional and mandatory.
IMA Membership:
Being an IMA member gives you access to the tools, information, and networks you need to enrich your career and add value to your organization. You will benefit from:
- Informative Thought Leadership with the latest research, data, and best practices
- 1,000+ Courses and 50+ Free Webinars
- Join one of the 300+ global chapters and councils.
- Keep up with industry trends through our award-winning magazine, Strategic Finance Magazine
- Gain a clearer career direction using IMA’s assessment tool, CareerDriver®, and make use of its 1,000+ learning resources
- Unlimited free access to IMA ethics courses
- Network with IMA members and leaders through IMA’s exclusive social media platform
Course Material:
QFBA has partnered with Morgan International, who is the Sole Representative of Becker Professional Education (a Strategic Partner to the IMA), in the Middle East, Europe & Canada, bringing you the most effective learning tools & study methodology out there.
Becker’s package gives you the leading industry tools to master your success. As a Live (In-person) course candidate, you receive:
- Instructor -Led live (In-person) lectures
- Printed Textbooks
- Digital Textbooks
- 500+ Digital Flashcards
- 4,000+ Multiple Choice Questions
- Essay Questions
- Skill Builder videos, step-by-step expert guides to each essay question
- Lecture Videos
- Simulated Exams
- Adapt2U Technology driven, practice tests
- Personalized Review Sessions
- Success Coaching
- Academic Support
- Online FAQ Database
- And more!
Note: Registration for (Certified Management Accountant - CMA) Preparation Program is currently full. For registering in our next programs kindly register your interest by filling and submitting the Enquiry Form. We will reach back once we are open for registration.
