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
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FAQ
What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.