Certification
Certified Management Accountant (CMA)
Institute of Management Accountants
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Completion
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Earning your CMA validates your mastery of a comprehensive body of knowledge in accounting and financial management.
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Skills taught
Prepare and analyze financial statements including balance sheet, income statement, statement of changes in equity, and statement of cash flowsApply recognition, measurement, and valuation principles to assets, liabilities, equity, and revenue in compliance with GAAP and IFRSDevelop strategic plans using planning tools and techniques to support organizational goals and objectivesPrepare and manage budgets using various budget methodologies to support organizational planning and performanceApply forecasting techniques including regression analysis and expected value to support business planningPrepare annual profit plans and supporting schedules including sales, production, and cash budgetsAnalyze performance using cost and variance measures to evaluate results against budgets and standardsManage responsibility centers and reporting segments using transfer pricing and contribution margin analysisApply performance measures including ROI, residual income, balanced scorecard, and KPIs to evaluate organizational performanceApply cost measurement concepts including variable, absorption, and activity-based costing to manage business costsDesign and apply costing systems including job order, process, and activity-based costing for business decision supportManage overhead costs using allocation methods including activity-based and departmental overhead ratesApply supply chain management and lean resource techniques to improve operational efficiencyApply business process improvement techniques including value chain analysis, benchmarking, and continuous improvementEvaluate governance, risk, and compliance frameworks including COSO and Sarbanes-Oxley internal control requirementsApply system controls and security measures to protect information systems and ensure data integrityApply information systems and ERP concepts to support organizational accounting and performance managementManage data governance including data life cycle, preprocessing, and cybersecurity controlsApply technology including RPA, AI, cloud computing, and blockchain to finance transformationApply data analytics including descriptive, diagnostic, predictive, and prescriptive techniques to support business d