Certified Management Accountant (CMA) Part 1 Intensive

Course Description

This intensive 5-day course prepares candidates for the Certified Management Accountant (CMA) Part 1 exam. Participants will gain a comprehensive understanding of financial planning, performance management, and analytics. The course covers all six exam topics, providing practical skills and knowledge essential for success in management accounting roles.

Learning Objectives

• Master external financial reporting decisions and their impact on business operations
• Develop proficiency in planning, budgeting, and forecasting techniques
• Enhance performance management skills through cost analysis and variance measures
• Understand and apply internal control principles and risk management strategies
• Gain insights into technology and analytics applications in management accounting

Course Modules

Day 1: External Financial Reporting Decisions

• Financial statement analysis and interpretation
• Recognition, measurement, and valuation principles
• Equity transactions and revenue recognition
• Income measurement and reporting

Day 2: Planning, Budgeting, and Forecasting

• Strategic planning and analysis
• Budgeting concepts and methodologies
• Forecasting techniques and financial projections
• Annual profit plans and supporting schedules

Day 3: Performance Management

• Cost and variance measures
• Responsibility centers and transfer pricing
• Performance measurement systems
• Balanced scorecard implementation

Day 4: Cost Management

• Measurement concepts and cost behaviors
• Costing systems (job, process, and activity-based)
• Overhead costs and cost allocation
• Supply chain management and business process improvement

Day 5: Internal Controls and Technology

• Internal control structures and risk assessment
• Systems controls and security measures
• Technology and analytics in accounting
• Data governance and business intelligence

Practical Wins for Participants

• Ability to analyze financial statements and make informed business decisions
• Skills to develop accurate budgets and forecasts for strategic planning
• Techniques to implement effective performance management systems
• Knowledge to leverage technology for improved financial analysis and reporting