CMA Foundation Overview
CMA (Certified Management Accountant) certification is a professional credential that can be earned in the advanced management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics, the skills most in demand on finance teams around the world.
- To develop the area of management accounting as a recognized profession by identifying the role of the management accountant in the field of risk management, internal decision making, planning and cost management, budgeting etc.
- To administer a certification designed to validate competence and practical skills of accountants employed by today’s dynamic business entities.
- To set minimum
criteria inmeasuring academic standards in the field of management accounting.
- To embolden management accountants to keep abreast of the changing conditions in the global business environment and pursue continuing professional development.
Foundation Program- 6 months
Foundation Course: INR 3,500/-
To be fully certified, you must have 2 continuous years of professional experience.
And as a CMA you need to maintain your license with active IMA membership and 30 hours (including two in ethics training) of CPE credits annually
CMA Foundation Course Syllabus
1. Fundamentals of Economics & Management
Section A: Fundamentals of Economics
Basic concepts of Economics
Forms of Market
Section B: Fundamentals of Management
Evolution of Management Thought
(a) Introduction, Planning, Organizing, staffing, leading,
control, communication, coordination
(b) Concept of Power
(c) Leadership & Motivation
Group Dynamics & Organizational Conflicts
(a) Group Dynamics
(b) Management of Organizational Conflicts
Decision-making – types and process
2 – Fundamentals of Accounting
Section A: Fundamentals of Financial Accounting
Accounting for Depreciation
Preparation of Final Accounts
Accounting for Special Transactions
Section B: Fundamentals of Cost & Management Accounting
6. Fundamentals of Cost Accounting
7. Fundamentals of Management Accounting – basic knowledge
3 – Fundamentals of Laws and Ethics
Section A: Fundamentals of Commercial and Industrial Laws
Laws of Contracts
Laws relating to Sale of Goods
Indian Partnership Act,1932
The Child Labour (Prohibition and Regulation) Act,1986
Section B: Fundamentals of Ethics
Ethics and Business
4 – Fundamentals of Business Mathematics & Statistics
Section A: Fundamentals of Business Mathematics
Section B: Fundamentals of Business Statistics
Statistical representation of Data
Measures of Central Tendency and Dispersion
Correlation and Regression
Time Series Analysis- basic applications including Moving Average