Chartered Management Accountant (CMA) is a professional certification program designed by the Global Academy of Finance and Management to prepare accountants for a successful career in the field of management accounting. The program focuses on the principles and practices of management accounting, which are essential for effective financial decision making. It is designed to develop the technical, analytical, and strategic skills needed to manage financial resources and to provide effective financial advice to organizations.
This 11-module program provides an in-depth study of the principles of management accounting and the skills required to effectively manage financial resources.
This course is designed for experienced accountants who are looking to advance their career and become a Chartered Management Accountant. It is also suitable for those who are new to the field and want to gain a deeper understanding of the principles of management accounting.
The course will provide students with the knowledge and skills required to effectively manage financial resources and to provide effective financial advice. The 11 modules that make up the Chartered Management Accountant program cover a variety of topics including financial analysis, budgeting, forecasting, decision making, and performance measurement. The modules are designed to provide a comprehensive overview of the principles and practices of management accounting. Students will be encouraged to apply their knowledge to real-world scenarios and to develop their own skills and capabilities.
Comprehensive curriculum covering financial analysis, cost management, budgeting, risk assessment, strategic financial decision-making, and a global perspective on management accounting in diverse industries and markets.
Module 1:
Introduction to Management Accounting: This module provides an introduction to the principles and practices of management accounting and its role in the financial decision making process. It covers the basics of financial accounting and the principles and techniques used to analyze and interpret financial statements. It also provides an overview of the management accounting process and the role of the Chartered Management Accountant.
Module 2:
Financial Planning and Analysis: This module covers the principles and techniques used to develop effective financial plans and analyze financial performance. Topics include financial planning, budgeting, financial forecasting, cost-benefit analysis, and capital budgeting. Students will gain an understanding of the principles of financial planning and analysis and how they can be used to make effective financial decisions.
Module 3:
Decision Making and Performance Measurement: This module explores the principles and techniques used to make effective financial decisions and measure performance. Topics include decision making techniques, performance measurement, capital budgeting, and the use of financial metrics. Students will gain an understanding of the principles of financial decision making and how they can be used to evaluate and improve performance.
Module 4:
Risk Management and Control: This module covers the principles and techniques used to effectively manage risk and control financial resources. Topics include risk assessment, internal control, and the use of financial metrics. Students will gain an understanding of the principles of risk management and the role it plays in the management of financial resources.
Module 5:
Taxation: This module covers the principles and techniques used to manage taxation and the taxation of businesses and individuals. Topics include taxation of businesses and individuals, the taxation of different types of investments, and the impact of taxation on financial decisions. Students will gain an understanding of the principles of taxation and how they can be used to make effective financial decisions.
Module 6:
International Financial Reporting Standards: This module covers the principles and techniques used to prepare financial statements in accordance with International Financial Reporting Standards (IFRS). Topics include the basics of IFRS, the structure of financial statements, and the importance of financial statements. Students will gain an understanding of the principles of IFRS and the role it plays in financial reporting.
Module 7:
Corporate Governance: This module covers the principles and techniques used to ensure good corporate governance and the ethical management of financial resources. Topics include corporate governance, corporate social responsibility, and the role of the board of directors. Students will gain an understanding of the principles of corporate governance and how they can be used to promote responsible and ethical financial management.
Module 8:
Strategic Financial Management: This module covers the principles and techniques used to develop financial strategies and manage financial resources. Topics include financial strategy, financial planning, and the evaluation of strategic financial decisions. Students will gain an understanding of the principles of strategic financial management and how they can be used to make effective financial decisions.
Module 9:
Managing Financial Resources: This module covers the principles and techniques used to manage financial resources. Topics include financial management, asset management, and the principles of investments. Students will gain an understanding of the principles of financial management and how they can be used to make effective financial decisions.
Module 10:
Mergers and Acquisitions: This module covers the principles and techniques used to evaluate and manage mergers and acquisitions. Topics include the evaluation of potential acquisitions, the negotiation process, and the impact of mergers and acquisitions on financial performance. Students will gain an understanding of the principles of mergers and acquisitions and how they can be used to make effective financial decisions.
Module 11:
Advanced Financial Management: This module covers advanced topics in financial management, including financial derivatives, portfolio management, and the use of financial models.
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