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Certified Management Accountant Learning System
This program is no longer offered on the Rice campus. If you would like this program to be customized and presented on-site for your organization, call Carroll Scherer at 713-348-6106.
Join a leading group of professionals who have advanced beyond the practical accounting skill set by earning the Institute of Management Accountants (IMA) prestigious global certification, the Certified Management Accountant (CMA®). Evolve into a strategic business partner committed to a standard of excellence grounded on a strong ethical foundation and a lifelong commitment to learning. Position yourself for career advancement and greater power. Gain a significant competitive advantage while demonstrating accounting, finance, information management and strategic planning skills necessary to drive business performance in the changing global economy.
Administered by IMA, the CMA certification exam measures a candidate’s knowledge and competence in the field of corporate management accounting and is designed to develop and measure critical thinking and decision-making skills.
Why obtain the CMA designation?
Because:
- No other accounting or finance credential lends itself more directly to today’s complex and changing business environment.
- You will distinguish yourself as a corporate business professional who is committed to a strict code of ethics.
- You will confirm substantial knowledge of accounting, finance and important related fields and demonstrate the ability to integrate this information into the business decision process.
- You will demonstrate your commitment to personal professional development and lifelong learning.
Things to consider about CMA certification:
- Salary: Findings of IMA’s 18th Annual Salary Survey made the national press on July 31, 2007, with a USA TODAY Snapshot®: “It Pays to be a Certified Accountant.” USA TODAY cited IMA’s survey, indicating that accountants who are certified earn 27 percent more than those who are not.
- Competitive Advantage: Businesses around the world rely on CMAs for accounting, finance and information management and most importantly, for the strategic planning and business solutions provided by these qualified professionals.
- Personal Satisfaction: Prove your ability to become a strategic business partner, while you also enhance your self-confidence, your sense of accomplishment and your resume.
- Professional Recognition: The CMA designation represents a broad business competency and mastery of the management-level skills required to add value, drive business performance and build quality financial practices within organizations. The program objectively tests and validates expertise in areas essential to analyzing, managing and evaluating business solutions that contribute to the success of an organization. The CMA credential indicates a commitment to excellence based on a strong, ethical foundation and dedication to lifelong learning.
CMA Exam Preparation Courses
Designed for management accountant practitioners seeking instruction on the latest industry practices or for individuals preparing for the CMA certification exam, The Institute of Management Accountants’ Certified Management Accountant Learning System is a series of four courses that mirrors the body of knowledge covered in the four tiers of the CMA exam.
Who should attend:
- Candidates preparing for IMA’s Certified Management Accountant (CMA) examination
- Practitioners identifying, measuring, analyzing and interpreting financial information
- Managerial finance and accounting professionals involved in strategic, tactical and operating decisions with their organization’s financial management process
- Accounting staff members preparing financial reports for non-management groups such as shareholders, creditors, regulatory agencies and tax authorities
- Accredited, licensed or certified professionals seeking continuing education credits
- CPAs interested in moving into an internal corporate accounting role
- Students with an interest in business analysis, management accounting and reporting, strategic management and business applications
Textbook and online component:
This program combines LIVE courses, IMA's study materials and online practice test features which can be used to assess overall progress and to focus on specific section questions. Participants will be provided with and have access to:
- Books with hundreds of pages of printed material
- Online practice tests
- Multiple-choice and sample essay questions
- Immediate feedback plus correct answer rationale and calculation hints
- E-Flashcards
- Detailed grade report
Certificate of enrollment: All participants will receive a certificate verifying enrollment.
Certificate of achievement: Participants who score 70 percent or better on the final examination, attend at least 70 percent of the classroom hours and score 70 percent or better on each online module before the end of the course will receive a certificate of achievement with commensurate CEUs and recertification credits.
Refunds and cancellations: No refunds will be issued on or after the start date of the program. If enrollment is cancelled in writing two weeks before the program start date, a full refund will be given less the cost of any course materials the participant has received. When enrollments are cancelled in writing less than two weeks before the program start date, a refund less a 20 percent processing fee and the cost of any materials the participant has received will be issued, only if a replacement can be found for you.
Please note: Parts 1, 2 and 3 may be taken in any order, but they must be completed before enrolling in Part 4. CPAs, CFAs and CIAs are exempt from taking Part 1 (see the IMA Web site for more information).
CMA Part 1: Business Analysis
Four Saturdays, February 9 and 23 and March 8 and 29, 2008 - CANCELLED
Part 1 topics include:
- Business economics
- Global business
- Internal controls
- Quantitative methods
- Financial statement analysis
CMA Part 2: Management Accounting and Reporting
Four Saturdays, April 12 and 26 and May 10 and 31, 2008 - CANCELLED
Part 2 topics include:
- Budget preparation
- Cost management
- Information management
- Performance measurement
- External financial reporting
CMA Part 3: Strategic Management
Part 3 topics include:
- Strategic planning
- Strategic marketing
- Corporate finance
- Decision analysis
- Investment decisions
CMA Part 4: Business Applications – Parts 1, 2 and 3 must be completed (in any order) before enrolling in Part 4.
Part 4 topics include:
- Organization management
- Organization communication
- Behavioral issues
- Ethical considerations
For more information on CMA certification, visit the Institute of Management Accountants Web site at http://www.imanet.org/.
Rice University is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors. 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: http://www.nasba.org/