Here's a list of what you should expect from our course:.
To establish management accounting as a recognized profession by identifying the role of the management accountant and financial manager, the underlying body of knowledge, and a course of study by which such knowledge is acquired
To encourage higher educational standards in the management accounting field
To establish an objective measure of an individual’s knowledge and competence in the field of management accounting
To encourage continued professional development by management accountants
Financial Reporting Mechanics
Quality of Earnings
Understanding Income Statements
Understanding Balance sheets
Understanding Cash Flow Statements
Financial Analysis Techniques
Long lived Assets Implication for FSA Ratios
Non -Current (Long-Term) Liabilities
. External Financial Reporting Decisions 15%
Preparation of financial statements: balance sheet, income statement, statement of changes in equity, statement of cash flows; valuation of assets and liabilities; operating and capital leases; impact of equity transactions; revenue recognition; income measurement; major differences between U.S. GAAP and IFRS.
Planning, Budgeting and Forecasting – 30%
Planning process; budgeting concepts; annual profit plans and supporting schedules; types of budgets, including activity-based budgeting, project budgeting, flexible budgeting; top-level planning and analysis; and forecasting, including quantitative methods such regression analysis and learning curves.
Performance Management – 20%
ctors to be analyzed for control and performance evaluation including revenues, costs, profits, and investment in assets; variance analysis based on flexible budgets and standard costs; responsibility accounting for revenue, cost, contribution and profit centers; and balanced scorecard.
Cost Management – 20%
Cost concepts, flows and terminology; alternative cost objectives; cost measurement concepts; cost accumulation systems including job order costing, process costing, and activity-based costing; overhead cost allocation; operational efficiency and business process performance topics such as JIT, MRP, theory of constraints, value chain analysis, benchmarking, ABM, and continuous improvement.
Internal Controls – 15%
Risk assessment; internal control environment, procedures, and standards; responsibility and authority for internal auditing; types of audits; and assessing the adequacy of the accounting information system controls.
Exam Format: 100 multiplechoice questions and two 30-minute essay questions
Duration: 4 hrs
Exam fees & Deadlines:
For Professional Members: CMA Entrance Fee (nonrefundable) $250* Exam Fee $415 per part
For Student/Academic Members: CMA Entrance Fee (nonrefundable) $188* Exam Fee $311 per part
AMIDEAST 38 Mohie El Din Abo El Ezz Street, CAIRO
American Center 3 Pharaana St., Azarita, ALEXANDRIA
Dates: Both Parts will be given by three testing window periods:
January and February
May and June
September and October