Certified Management Accountant (CMA)
Davenport University's Institute for Professional Excellence
Course description
Certified Management Accountant (CMA)
Demonstrate your mastery of financial planning, analysis, and control by earning the certified Management Accountant (CMA) certification through the Institute of Management Accountants (IMA). CMA holders are valuable to any business due to their expertise in numbers and strategic planning. Whether you want to enhance the value you bring to your current position, or expand your career potential, the CMA will help you set the standard for professional excellence. Davenport University offers two courses designed to provide a thorough understanding of the accounting skills required to pass each of the CMA Certification Exams; CMA Part I and CMA Part II. Each part results in 3 undergraduate or graduate credits.
Who should attend?
Who Should Attend?
Whether your goal is locking down that big promotion or pursuing a new career path, earning your CMA can help you advance your career in management accounting. Davenport University’s Certified Management Accountant (CMA) Course is for any professional looking to improve managerial accounting skills, including but not limited to:
- Entry-level accounting professionals like financial management associates, general accountants or analysts
- Working professionals ready to advance their career; CMA is an effective way to transition from being an individual contributor to a big-picture strategist
- Professionals interested in corporate accounting and finance; from financial advisor to cost accountant to controller or CFO, earning your CMA will help you get to the next level.
A Certified Management Accountant (CMA) focuses on identifying business growth strategies based on their comprehensive financial analyses. A Certified Public Accountant (CPA) focuses on taxation, auditing, and the day-to-day accounting activities. Some of the most common CMA tasks include analyzing and deciphering data to initiate financial improvement in businesses. CMAs identify the strategy behind business decisions based on their financial analysis.
To be eligible for the CMA certification exam you must have a Bachelor’s degree from an accredited College/University and 2 years of professional experience in management accounting or financial management.
Training content
CMA Exam Prep Part I - 15 Weeks
- External Financial Reporting
- Strategic Planning
- Budget Concept and Methodologies
- The Annual Profit Plans and Supporting Schedules
- Forecasting Techniques
- Cost and Variance Measures
- Responsibility Centers and Reporting Segments
- Costing Systems
- Overhead Costs and Operational Efficiency
- Business Process Performance Improvement
- Internal Auditing
- Systems Controls and Security Measures
CMA Exam Prep Part II - 15 Weeks
- Financial Statement Analysis
- Profitability Analysis
- Risk and Return
- Managing Financial Risk
- Financial Instruments
- Cost of Capital
- Working Capital Management
- International Finance
- Cost, Volume and Profit (CVP) Analysis
- Pricing
- Capital Budgeting
- Discounted Cash Flow Analysis
- Risk Management
- Professional Ethics
Certification / Credits
Credits: 4.5 CEUs(per part)
After completing both CMA part I & part II, you will be able to:
- Demonstrate your ability to effetely plan, forecast, and determine accounting budgets
- Measure performance, manage costs, and monitor internal accounting controls
- Understand financial statements and decision analysis techniques
- Apply corporate finance strategies
- Improve investment decision-making
- Demonstrate strong professional ethics
Participants must pass both the CMA Part I and CMA Part II exams to earn the designation.
According to the IMA, candidates are required to have a bachelor's degree from an accredited university and two years of full-time work in a management accounting role to qualify for CMA certification. However, unlike other accounting certifications, your degree does NOT have to be in finance or accounting. They are also required to be active members of the association and pass a two-part exam.
Why choose IPEx?
With over 150 years of innovative experience in leading-academic thought, Davenport brings the real world of business into each class.
Having strategically partnered with hundreds of businesses and organizations over the last 25 years, Davenport University’s IPEx has the experience to help organizations meet goals and achieve their vision of success.
From Michigan to Malaysia, as well as India, Canada, China, Australia, Brazil and beyond, IPEx has a global presence where learning happens with our international participants.
About IPEx
Davenport University's Institute for Professional Excellence
Grow through professional development delivered the IPEx way — with an eye on your time and your budget. Davenport University’s Institute for Professional Excellence (IPEx) offers professional development courses focused on topics with real-world relevance, aimed at making you more...
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Davenport University's Institute for Professional Excellence
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