Certified Management Accountant (CMA)

Institute of Management Accountants (IMA) issues the certification for Certified Management Accountant (CMA).

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Industry Trends

Like all other fields of learning & profession, the future of accounting is being shaped by technology with adaptive learning, machine learning and mini bots being employed in everyday tasks. A lot of accounting processes already have involvement of machines & automated processes, therefore, the future of accountants calls for analytical and management skills development.

A huge development is Cloud accounting which reduces the physical burden, allows everyone to connect together and eliminates developing & downloading accounting software. The clients, as well as accountants, can stay connected over the internet.

One of the key current trends in accounting is outsourcing the accounting services to a third party. This gives the companies an opportunity to stay lean, have access to best talents, reduce overhead costs and focus on core business.

 

Tips & Opportunities

  • The field of accounting is expected to grow at a rate of 6% from 2019 to 2029. This growth rate is as fast as the average growth of jobs overall in the job sector.
  • Every company has its own accounting management system and there is no standardization in the field. This creates a lot of opportunity in the market for job seekers because every company wants to design their unique system. CMA salaries are one of the best in the industry.
  • Advanced business systems and globalization of businesses call for advancement in accounting as well as additional staff that has management skills & acumen to handle expanding businesses.
  • Around 70000 professionals have been awarded the CMA certification and are in huge demand by the employers worldwide.
  • Certified Management Accountants (CMAs) have 63% salary advantage globally compared to non-CMAs. The average salary difference can be up to 25000 US dollars. The younger candidates between enjoy better returns on their investment through lifetime earnings with higher Certified Management Accountant salary.
  • The CMA certification ensures enhanced job opportunities and job security with focus on critical thinking and strategic thinking. CMAs have the capability to adapt, innovate and find future proof solutions aligning with technological advancements.

Course Module

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  • 20% - Planning, budgeting, and forecasting
  • 20% - Performance management
  • 15% - Cost management
  • 15% - Internal controls
  • 15% - Technology and analytics
  • 15% - External financial reporting decisions

  • 25% - Decision analysis
  • 20% - Financial statement analysis
  • 20% - Corporate finance
  • 15% - Professional ethics
  • 10% - Risk management
  • 10% - Investment decisions

Learning Approch

  • Designed with a focus on real world relevance
  • Real-world case studies
  • Hands-on Assignments
  • Individualized Instructor
  • Career Guidance
Program
Dates
9 Jan
05:02 PM Sat
Online Live

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Certification (LP Certificate)

Earn a Course Completion Certificate, an official Learners Point credential that confirms that you have successfully completed a course with us.

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Certification (KHDA)

Earn a KHDA attested Course Certificate. The Knowledge and Human Development Authority (KHDA) is the educational quality assurance and regulatory authority of the Government of Dubai, United Arab Emirates.

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Certification (CMA)

Certified Management Accountant certification is awarded by the  Institute of Management Accountants (IMA) which is the body that regulates, conducts and manages examination & membership for CMAs. With headquarters in New Jersey, USA, IMA has a reach to over 140 countries. t is a globally recognised and highly acclaimed certification. The CMA certifications come under the Institute of Certified Management Accountants (ICMA) division of IMA. The examinations are intensive and therefore, the holders of CMA certification are recognised for their unique competencies and advanced skills in the challenging and developing field of accounting & corporate finance.

Expert Instructors & Teaching Methods

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Expert Instructors & Teaching Methods

We, at Learners Point, take immense pride in our teaching methods and instructors. Our instructors are some of the best experts from their fields and employ a practical approach to learning. Many of them are globally recognised and have a diverse set of experience in their field of expertise. You are always sure to have the best in the industry as your teachers who are ready to guide you at every step and make the experience informative yet enjoyable.  Apart from the focus on learning your chosen course, our instructors also encourage students to develop communication skills and interpersonal skills necessary to excel in the practical world. We offer one of the best CMA courses in Dubai.Our cutting edge teaching methods make every program an immersive and productive experience for the learners. Our learning methods are research-driven and are continuously updated to stay relevant to present times as well as the future. You will enjoy practical applications of everything learned through theory and regular mock examinations to help monitor your progress. Our courses are led by an instructor in a classroom setup and we do offer online high-quality sessions as well for individuals. We also monitor the training sessions with a progress tracker to maintain high standards of instruction & ethics.

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Expert Instructors & Teaching Methods

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Frequently Asked Questions

Certified Management Accountant certification is a globally recognised management program with a focus on strategic corporate finance and management accounting. CMAs engage in analysing data from numerous touchpoints and develop performance enhancement financial strategies for businesses. CMAs can work in diverse fields in the following roles: ● Private cost accountants ● risk managers ● corporate & management accountants ● Financial advisors & strategists ● Investment & funding managers CMAs are deemed experts in financial statements, cost management, performance enhancement, monitor compliance, manage financial risks, identify investment & funding opportunities and even mentor younger accountants.

Certified Management Accountant (CMA) is a voluntary certification unlike the Certified Public Accountant (CPA). CPA covers a wider range of learning suited for public accounting like auditing and tax returns whereas CMA is focused on management skills based on data like internal reviews and enhancement of financial performance. CMA covers topics which are not covered in CPA thus giving the program an extra edge when compared to CPA.

Due to the diverse set of skills developed and identified in CMAs they can be employed in public or private sector industries like manufacturing, financial institutes, constructions, medical services, transportation, communications, mining and educational services. There is no lack of opportunities for a CMA as there is a high demand for these professionals across the world and from different fields. With good years of experience, one can easily move into top-level executive and management roles like Chief Operating Officer (COO) or Chief Finance Officer (CFO).

To appear for Certified Management Accountant examination the following eligibility requirements are set by the IMA: a) Candidate must have a bachelor’s degree from an accredited institute or related professional qualifications. b) Candidate must have at least 2 years of continuous work experience in the field of finance and accounting employing basics c) Candidate must pay the IMA entrance fee & the CMA examination fee.

a) Both parts of the examination need to be cleared by the candidate for gaining the certification from IMA. b) Statement of Ethical Professional Practice set by IMA needs to be observed at all times. c) Hold IMA membership (membership fee is different from entrance & examination fee)

For the CMA certification course there are separate fees for entrance and examinations. Both part 1 and part 2 have different examination fees. Following is the CMA certification fees set by IMA: ● IMA membership fee- $435 per year ● CMA Entrance Fee- $250 for professionals; $188 for students ● Examination Fee- $415 per part for professionals; $311 per part for students ● Examination fee is to be paid per examination and re-examination. ● Entrance is collected again if the candidate does not give even one examination within an year of entrance. Apart from the IMA set fees, the CMA course fee in Dubai is different for every institute depending on duration.

CMA is a rigorous examination that is extremely rewarding to catapult your financial career in the right direction. CMA salaries are very competitive and they enjoy great returns on their investment in the course and the examination. The program is beneficial for all accounting & financial professionals and even fresh financial management graduates which meet the 2 year work experience requirement for entrance.

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