Exam Preparation
CMA Part 2Certified Management AccountantPart 2
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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 Statement Analysis.
2
Corporate Finance and Decision Analysis.
3
Risk Management.
4
Investment Decisions.
5
Professional Ethics.
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: Financial Statement Analysis
A. Basic Financial Statement Analysis
→ Common size financial statements
• Common size balance sheet
• Common size income statement
→ Common base year financial statements
→ Growth analysis
B. Financial Ratios
→ Liquidity
→ Leverage
→ Activity
→ Profitability
→ Market
→ Limitations of ratio analysis
C. Profitability analysis
→ Profitability is the firm’s ability to generate earnings
→ It will be analyzed by focusing on:
• Revenues
• Cost of sales
• Profit margin
• Key expenses
• Earnings
→ Common size financial statements
• Common size balance sheet
• Common size income statement
→ Common base year financial statements
→ Growth analysis
B. Financial Ratios
→ Liquidity
→ Leverage
→ Activity
→ Profitability
→ Market
→ Limitations of ratio analysis
C. Profitability analysis
→ Profitability is the firm’s ability to generate earnings
→ It will be analyzed by focusing on:
• Revenues
• Cost of sales
• Profit margin
• Key expenses
• Earnings
Day 2
Continuing Section A: Financial Statement Analysis
D. Special issues
→ Economic profit and accounting profit
→ Earnings quality
→ Earnings persistence
→ Market based measures
→ Impact of foreign operations
→ Fair value accounting
→ Impact of foreign currency
→ International financial reporting standards
→ Economic profit and accounting profit
→ Earnings quality
→ Earnings persistence
→ Market based measures
→ Impact of foreign operations
→ Fair value accounting
→ Impact of foreign currency
→ International financial reporting standards
Section B: Corporate Finance
A. Risk and Return
→ Risk
→ Calculating Risk of Return
→ Relationship between Risk of Return
→ Risk of Return in a portfolio context
→ Diversification
→ Capital Asset Pricing Model (CAPM)
B. Long Term Financial Management
→ Term structure of interest rates
→ Bonds
→ Debt Management
→ Risk
→ Calculating Risk of Return
→ Relationship between Risk of Return
→ Risk of Return in a portfolio context
→ Diversification
→ Capital Asset Pricing Model (CAPM)
B. Long Term Financial Management
→ Term structure of interest rates
→ Bonds
→ Debt Management
Day 3
Continuing Section B: Corporate Finance
B. Long Term Financial Management
→ Common stock
→ Preferred stock
→ Options and other derivatives
→ Valuation of financial instruments
→ Cost of Capital
C. Raising Capital
→ Financial Markets and Regulation
→ Market efficiency
→ Financial Institutions
→ Initial public offerings
→ Secondary offerings
→ Dividend policy and share repurchase
→ Private placement
→ Lease financing
D. Working Capital Management
→ Working capital terminology
→ Cash management
→ Marketable securities management
→ Accounts receivables management
→ Inventory management
→ Types of short term credit
→ Minimizing the cost of short term credit
→ Common stock
→ Preferred stock
→ Options and other derivatives
→ Valuation of financial instruments
→ Cost of Capital
C. Raising Capital
→ Financial Markets and Regulation
→ Market efficiency
→ Financial Institutions
→ Initial public offerings
→ Secondary offerings
→ Dividend policy and share repurchase
→ Private placement
→ Lease financing
D. Working Capital Management
→ Working capital terminology
→ Cash management
→ Marketable securities management
→ Accounts receivables management
→ Inventory management
→ Types of short term credit
→ Minimizing the cost of short term credit
Day 4
Continuing Section B: Corporate Finance
E. Corporate Restructuring
→ Mergers and Acquisitions
→ Divestitures
→ Evaluating factors for restructuring
→ Business failures
F. International Finance
→ Fixed, Flexible and Floating exchange rates
→ Managing transaction exposure
→ Financing and paying for international trade
→ Transfer pricing
→ Mergers and Acquisitions
→ Divestitures
→ Evaluating factors for restructuring
→ Business failures
F. International Finance
→ Fixed, Flexible and Floating exchange rates
→ Managing transaction exposure
→ Financing and paying for international trade
→ Transfer pricing
Section C: Decision Analysis
A. Cost/ Volume/ Profit Analysis
→ Breakeven analysis
→ Profit performance and alternative operating levels
→ Analysis of multiple products
B. Marginal Analysis
→ Special orders and pricing
→ Make versus Buy
→ Sell or process further
→ Add or drop a segment
→ Breakeven analysis
→ Profit performance and alternative operating levels
→ Analysis of multiple products
B. Marginal Analysis
→ Special orders and pricing
→ Make versus Buy
→ Sell or process further
→ Add or drop a segment
Day 5
Continuing Section C: Decision Analysis
C. Pricing
→ Setting prices
→ Target costing
→ Elasticity
→ Government intervention
→ Setting prices
→ Target costing
→ Elasticity
→ Government intervention
Section D: Risk Management
A. Enterprise Risk
→ Risk management process
→ Risk Identification, assessment, and response
→ Value at Risk
→ Enterprise Risk management
→ Risk management process
→ Risk Identification, assessment, and response
→ Value at Risk
→ Enterprise Risk management
Section E: Investment Decisions
A. Capital budgeting process
→ Capital budgeting
→ Incremental cash flows
→ Income tax considerations
B. Discounted Cash Flows
→ Required rate of return
→ Net present value
→ Internal rate of return
→ Comparison of NPV and IRR
→ Capital budgeting
→ Incremental cash flows
→ Income tax considerations
B. Discounted Cash Flows
→ Required rate of return
→ Net present value
→ Internal rate of return
→ Comparison of NPV and IRR
Day 6
Continuing Section E: Decision Analysis
C. Payback and Discounted Payback
→ Uses of Payback method
→ Advantages and Disadvantages of Payback method
→ Discounted Payback
D. Risk Analysis in Capital Investment
→ Sensitivity analysis
→ Certainty equivalent
→ Other approaches to dealing with risk
→ Use of specially adjusted rates
→ Qualitative considerations in capital
investments
→ Uses of Payback method
→ Advantages and Disadvantages of Payback method
→ Discounted Payback
D. Risk Analysis in Capital Investment
→ Sensitivity analysis
→ Certainty equivalent
→ Other approaches to dealing with risk
→ Use of specially adjusted rates
→ Qualitative considerations in capital
investments
Section F: Professional Ethics
A. Ethical considerations for management accounting and financial management professionals
→ IMA’s Statement of Ethical Professional Practice
→ Evaluations and resolution of ethical issues such as:
• Fraudulent reporting
• Manipulation of analysis and results
• Unethical behavior in developing budgets and standards
• Manipulation of decision factors
B. Ethical considerations for the organization
→ Overview SMA values and ethics: From inception to practice
→ Apply ethics in hypothetical situations
• Corporate responsibility
• Corporate culture
• Compliance
• Global implications
→ Review US FCPA and SOX section 406 Answering MOCK Exam
→ IMA’s Statement of Ethical Professional Practice
→ Evaluations and resolution of ethical issues such as:
• Fraudulent reporting
• Manipulation of analysis and results
• Unethical behavior in developing budgets and standards
• Manipulation of decision factors
B. Ethical considerations for the organization
→ Overview SMA values and ethics: From inception to practice
→ Apply ethics in hypothetical situations
• Corporate responsibility
• Corporate culture
• Compliance
• Global implications
→ Review US FCPA and SOX section 406 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
