About the Certified Management Accountant (CMA) Examination

A CPA certification will get you noticed on your resume and get you before a potential employer. A CMA WILL HELP KEEP YOU EMPLOYED! This internationally recognized examination covers the topics that make you a participant in the strategic planning of a corporation, much more than a scorekeeper. If you don’t wish to make public accounting a career, you can choose to pass this examination to make your accounting experiences a PROFESSION rather than just a JOB.


The CMA exam will be offered in January, February, May, June, September, and October and consists of the following:

Part 1, Financial Planning, Performance and Control is 75% Cost Accounting and Budgeting:

Standards, variances, common and allocable costs, absorption vs. variable costing, joint, by-product and net realizable costing, cost allocations, job order vs. process costing, step and reciprocal service cost allocation, activity-based costing, balanced scorecard, transfer pricing and the budget process including developing a cash budget.

20% of Part 1 is internal auditing and controls, Sarbanes-Oxley Act overview and information technology and controls.

5% of Part 1 is personal ethics.

Part 2, Financial Decision Making consists of the following topics:

25% covers Generally Accepted Accounting Principles vs. International Financial Reporting Standard differences, financial statement analysis (GIVEN that you have knowledge of financial and intermediate accounting) and financial ratios.

25% covers financial management with topics such as portfolio management including risk analysis, systematic and unsystematic, capital asset pricing model, cost of capital, short-term financing, current asset management, bond, stock, retained earnings and derivative financing topics.

25% covers decision analysis and risk management involving business risks and mitigation, cost-volume-profit analysis, Committee of Sponsoring Organizations, and make or buy decisions and basic microeconomic concepts.

20% focuses on capital budgeting that includes discounted cash flow analysis of large fixed asset investments, involving net present value, internal rate of return, discounted and undiscounted payback methods.

5% tests topics on corporate ethics.

If you have not passed all four parts of the CMA in the format that ended December 31, 2010, you must take a transition exam. You may also have to take one part of the current two part exam.

For more information about these examinations, please visit www.imanet.org to inquire about becoming a member of the Institute of Management Accountants and CMA examination experience requirements and fees.

Sponsoring Organization

The CMA Exam is sponsored by the Institute of Management Accountants. Their website has a wealth of information about the CMA certification. www.IMANET.org

Materials

Contact Ron LaPlante for the materials as he has special arrangements and pricing with the publishers.

Method of Teaching

This course is live instruction.

Dates

Click here to view the dates page

Location

San Diego, Los Angeles and Orange County

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