Exam Preparation
CMA Part 1Certified Management AccountantPart 1
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Intermediate
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Course Overview
Whether you are a fresh graduate or someone working in the finance and accounting role with an ambition to have a highly rewarding career - CMA is the qualification for you! The Certified Management Accountant (CMA) is the advanced professional certification that demonstrates command of the critical accounting and financial management skills demanded by today’s dynamic businesses, translating into significant career opportunities for you. CMA has a legacy of 40 years with over 50,000 CMA professionals worldwide and is considered the gold standard certification for Management Accountants.
The CMA credential is...
→ Prestigious – Self-selected credential earned through testing.
→ Professional – IMA’s Salary Survey shows strong career growth and greater earning power.
→ Rigorous – Testing, education, job experience, and continuing education requirements.
→ Empowering – Promoting your credential allows you to become a leader in your profession.
→ Competent – Attests proven on-the-job skills.
CMA certification Content:
→ Part One:
Financial Reporting, Planning, Performance, and Control
15% External Financial Reporting Decisions
30% Planning, Budgeting, and Forecasting
20% Performance Management
20% Cost Management
15% Internal Controls
→ Part Two:
Financial Decision Making
25% Financial Statement Analysis
20% Corporate Finance
20% Decision Analysis
10% Risk Management
15% Investment Decisions
10% Professional Ethics
The CMA credential is...
→ Prestigious – Self-selected credential earned through testing.
→ Professional – IMA’s Salary Survey shows strong career growth and greater earning power.
→ Rigorous – Testing, education, job experience, and continuing education requirements.
→ Empowering – Promoting your credential allows you to become a leader in your profession.
→ Competent – Attests proven on-the-job skills.
CMA certification Content:
→ Part One:
Financial Reporting, Planning, Performance, and Control
15% External Financial Reporting Decisions
30% Planning, Budgeting, and Forecasting
20% Performance Management
20% Cost Management
15% Internal Controls
→ Part Two:
Financial Decision Making
25% Financial Statement Analysis
20% Corporate Finance
20% Decision Analysis
10% Risk Management
15% Investment Decisions
10% Professional Ethics
Key Takeaways
1
Financial Accounting and Reporting.
2
Cost Accounting and Management and Performance Management.
3
Planning and Budgeting.
4
Internal Auditing and controls overview.
5
The best strategy to pass CMA exams.
Institute of Management Accountants
Founded in Buffalo, N.Y. in 1919, the Institute of Management Accountants (IMA) is the worldwide association of accountants and financial professional working in business. Whilst representing more than 70,000 professional members, IMA is committed to promote knowledge and professionalism among cost accountants and foster a wider understanding of the role of cost accounting in management. In this regard, IMA’s mission is to provide a forum for research, practice development, education, knowledge sharing and the advocacy of the highest ethical and best business practices in management accounting and finance. IMA achieves its main goal through: » Offering a rigorous, highly respected credential – the CMA – that recognized and rewards expertise » Building a peer network of professional relationships to share industry experience, access career opportunities, and make business contacts to last a lifetime » Providing extensive education programs to advance professional knowledge, increase leadership potential and satisfy CPE requirements » Giving a voice to the profession with insightful and timely journals and newsletters » Promoting leading-edge research and industry best practices » Advocating for the profession in a challenging regulatory environment.
Course Outline
Day 1
Section A: External Financial Reporting Decisions
1. Financial Statements
→ Income statement
→ Statement of changes in shareholders’ equity
→ Balance Sheet
→ Statement of Cash Flows
→ Limitation of Financial Statements
→ Financial Statements Footnotes and Disclosures
→ Users of Financial Statements
2. Recognition, Measurements, Valuation and Disclosures
→ Accounts and Notes Receivables
→ Inventory
→ Investments
→ Income statement
→ Statement of changes in shareholders’ equity
→ Balance Sheet
→ Statement of Cash Flows
→ Limitation of Financial Statements
→ Financial Statements Footnotes and Disclosures
→ Users of Financial Statements
2. Recognition, Measurements, Valuation and Disclosures
→ Accounts and Notes Receivables
→ Inventory
→ Investments
Day 2
Continuing: External Financial Reporting Decisions
→ Intangibles
→ Short Term Debt
→ Deferred Income Taxes
→ Leases
→ Equity Transactions
→ Revenue Recognition
→ Comprehensive Income
→ Discontinued operations
→ IFRS Versus GAAP
→ Short Term Debt
→ Deferred Income Taxes
→ Leases
→ Equity Transactions
→ Revenue Recognition
→ Comprehensive Income
→ Discontinued operations
→ IFRS Versus GAAP
Section B: Planning, Budgeting and Forecasting
1. Strategic Planning
→ Strategy and strategic planning
→ Analysis of external factors affecting strategy
→ Analysis of internal factors affecting strategy
→ S.W.O.T Analysis
→ Long Term vision, mission, goals and objectives
→ Alignment of tactics with long term strategic goals
→ Chrematistics of successful strategic and tactical planning
→ Contingency planning
→ Other planning tools and techniques
→ Strategy and strategic planning
→ Analysis of external factors affecting strategy
→ Analysis of internal factors affecting strategy
→ S.W.O.T Analysis
→ Long Term vision, mission, goals and objectives
→ Alignment of tactics with long term strategic goals
→ Chrematistics of successful strategic and tactical planning
→ Contingency planning
→ Other planning tools and techniques
Day 3
Continuing: Planning, Budgeting and Forecasting
2. Budgeting Concepts
→ Reasons of Budgeting
→ Operations and Performance Goals
→ Chrematistics of successful budget process
→ Standard cost
→ Resource allocation
3. Forecasting Techniques
→ Regression analysis
→ Learning Curve analysis
→ Expected Value
4. Budget Methodologies
→ Activity based budgeting
→ Zero-based budgeting
→ Incremental budgeting
→ Continuous (rolling) budgeting
→ Other budgeting methodologies
5. Annual Profit Plan and Supporting Schedules
→ Operating budgets
→ Financial Budgets
6. Top Level Planning and Analysis
→ Estimating funding needs
→ Assessing Anticipated performance
→ Performing what-if analysis
→ Reasons of Budgeting
→ Operations and Performance Goals
→ Chrematistics of successful budget process
→ Standard cost
→ Resource allocation
3. Forecasting Techniques
→ Regression analysis
→ Learning Curve analysis
→ Expected Value
4. Budget Methodologies
→ Activity based budgeting
→ Zero-based budgeting
→ Incremental budgeting
→ Continuous (rolling) budgeting
→ Other budgeting methodologies
5. Annual Profit Plan and Supporting Schedules
→ Operating budgets
→ Financial Budgets
6. Top Level Planning and Analysis
→ Estimating funding needs
→ Assessing Anticipated performance
→ Performing what-if analysis
Day 4
Section D: Cost Management
1. Measurement Concepts
→ Fixed and Variable costs
→ Actual, normal and standard costing
→ Absorption and Variable costing
→ Joint Products and By Products
2. Costing Systems
→ Job Order Costing
→ Process Costing
→ Activity Based Costing
→ Life Cycle Costing
→ Other Budgeting methods:
→ Operating costing
→ Backflush costing
3. Overhead Costs
→ Fixed and variable overhead expenses
→ Plant wide versus departmental rate
→ Activity based costing overhead allocation
→ Determination of allocation base
→ Allocation of service department costs
→ Fixed and Variable costs
→ Actual, normal and standard costing
→ Absorption and Variable costing
→ Joint Products and By Products
2. Costing Systems
→ Job Order Costing
→ Process Costing
→ Activity Based Costing
→ Life Cycle Costing
→ Other Budgeting methods:
→ Operating costing
→ Backflush costing
3. Overhead Costs
→ Fixed and variable overhead expenses
→ Plant wide versus departmental rate
→ Activity based costing overhead allocation
→ Determination of allocation base
→ Allocation of service department costs
Day 5
Section C: Performance Management
1. Cost and Variance Measures
→ Comparison of actual to planned results
→ Use of flexible budget to analyse performance
→ Management by exception using variance analysis
→ Use of standard cost systems
→ Analysis of variation from standard cost expectation
2. Responsibility Centres and reporting segments
→ Types of responsibility centres
→ Transfer Pricing models
→ Reporting of Organization segments
3. Performance Measures
→ Product profitability analysis
→ Business unit profitability analysis
→ Customer profitability analysis
→ Return on investment
→ Residual Income
→ Investment base issues
→ Effect of international operation
→ Critical success factors
→ Balanced score card
→ Comparison of actual to planned results
→ Use of flexible budget to analyse performance
→ Management by exception using variance analysis
→ Use of standard cost systems
→ Analysis of variation from standard cost expectation
2. Responsibility Centres and reporting segments
→ Types of responsibility centres
→ Transfer Pricing models
→ Reporting of Organization segments
3. Performance Measures
→ Product profitability analysis
→ Business unit profitability analysis
→ Customer profitability analysis
→ Return on investment
→ Residual Income
→ Investment base issues
→ Effect of international operation
→ Critical success factors
→ Balanced score card
Day 6
Section E: Internal Controls and Internal Auditing & Answering a mock EXAM
1. Internal controls
→ Governance, risk and Compliance
→ Internal controls objective,
components, and risk
→ Internal controls breakdown and risk
2. Internal Auditing
→ Internal audit, definition, function and scope
→ Internal audit plans Answering MOCK Exam
→ Governance, risk and Compliance
→ Internal controls objective,
components, and risk
→ Internal controls breakdown and risk
2. Internal Auditing
→ Internal audit, definition, function and scope
→ Internal audit plans Answering MOCK Exam
Who Should Attend?
This highly practical and interactive course has been specifically designed for
The CMA is the globally recognized, advancedlevel credential appropriate for accountants and financial professionals in business. Achieving the CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – skills that are in demand by organizations around the world. It is ideal for accountancy or financial professionals carrying out the following duties:
→ Staff Accountant
→ Cost Accountant
→ Internal Auditor
→ Budget Analyst
→ Financial Analyst
→ Senior Accountant
→ Finance Manager
→ Controller
→ Vice President, Finance
→ Treasurer
→ Chief Financial Officer
→ Chief Executive Officer
FAQ
What language will the course be taught in and what level of English do I need to take part in a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicabl0065
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course?
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.
Reviews
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal KutbiCountry Learning & Development Manager at IKEA Saudi Arabia
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. AlsahaanDir L&D, Talent Management at Mobily, Etihad Etisalat Company
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad AlrajihVP, Business Winning at BAE Systems Saudi Development & Training
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-SubaieSr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen
