CMA Exam Preparation Part 2

Course Fee

3900

Class Duration

48 Hours

Sessions

24

No of Weeks

12 Weeks

Course Calendar

CMA P2 FASTRACK COURSE
(1 Full Week)

40 Hrs of Classroom Tutoring
2 Mock Tests

Timing:SUN, MON, TUE, WED, THUR(Fastrack Course)
08:00AM – 5:00PM

Course Fees: AED 2500

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CMA PART 2 FULL COURSE
(8 WEEKDAYS)

48 Hrs of Classroom Tutoring 4 Mock Tests

Timing:FRI & SAT
(WEEKDAYS)
11:00AM – 2:00PM

Course Fees: AED 3900

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CMA PART 2 FULL COURSE
(8 WEEKDAYS)

48 Hrs of Classroom Tutoring 4 Mock Tests

Timing: FRI & SAT, 08:00AM – 11:00AM MON & WED 06:00AM – 09:00AM

Course Fees: AED 3900

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CMA PART 2 FULL COURSE
(4 WEEKENDS & WEEKDAYS)

48 Hrs of Classroom Tutoring 4 Mock Tests

Timing:FRI & SAT, 08:00AM – 11:00AM MON & WED 06:00AM – 09:00AM

Course Fees:AED 3900

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Overview

What is CMA PART 2?

CMA PART 2 – Certified Management Accountant is a professional certification test. CMA PART 2 is the 2nd of the 2-part CMA exam. CMA is a highly sought-after certification by candidates who are keen on specializing in management accounting services, corporate finance, treasury, etc.

Who Conducts CMA PART 2?

CMA PART 2 is administered by Institute of Management accountants (IMA), a private nonprofit organization in USA

Who writes CMA PART 2?

CMA PART 2 is written by working professionals or college students or candidates who have qualified certain Professional Certification courses such as ACCA.

What is the test duration of the CMA PART 2?

CMA PART 2 test is conducted on a single day for a total duration of 4 hours.
· Single session – 4 hours.

How many questions are there on CMA PART 2?

A total of 120 questions are there on the CMA PART 2.

· 100 MCQ’s – 3 hours

· 2 essay type question – 30 minutes each ( Total – 1hour)

What is the score distribution of CMA PART 2?

The score distribution of CMA PART 2 in each section is as follows

· Correct Answer – 1 Point

· In Correct Answer / Unanswered – 0 Point

What is the General Test Structure and Time Allowed for CMA PART 2?

· Afternoon Session – (100 MCQ + 2-essay question) – (3hr for MCQ + 1hr for essay question)

What is the question pattern?

For the CMA PART 2, the question pattern is divided as follows

· 100 Questions – Multiple-choice Questions

· 2 Questions – Essay Type

What are the topics & its weightage in CMA PART 2?

CMA Part 2 syllabus is divided into 5 components:

· Financial Statement Analysis – 25%

· Corporate Finance – 20%

· Decision Analysis – 20%

· Risk Management – 10%

· Investment Decisions – 15%

· Professional Ethics – 10%

What is the CMA PART 2 test environment?

CMA PART 2 is a Computer – based test conducted in Prometric test centers.

When is the CMA PART 2 score published?

Since CMA PART 2 is a paper-based test, it requires time for scoring, the official test score would be available 8 weeks after the test date.

Can I cancel the CMA PART 2 test scores after taking the test?

No

How long is CMA PART 2 pass result valid?

Candidates should pass the 2 parts of the exam and complete 2 continuous years of professional experience in management accounting and/or financial management within 7 years.

How many times is the CMA PART 2 administered in a year?

CMA PART 2 is a paper-based test administered over three windows of 2 months each during a year in the UAE.

Test Date From To Test Result
1st Window January 1st February 28th 42 days after the last day of the month in which you took the test
2nd Window May 1st June 30th
3rd Window September 1st October 31st

Eligibility criteria for CMA PART 2?

· Candidate with a bachelor’s degree or is studying in college

· Candidate has already obtained certain Professional Certification such as ACCA

· Age is no bar

How many times can the candidate take CMA PART 2?

In a span of one year, the student is entitled to take CMA PART thrice.

Should I write CMA part 1 first or CMA part 2 first or write both during the same window?

Candidate can choose to write CMA part 2 as the first paper and then write CMA part 1 after that. Alternatively, he can choose to write CMA part 1 as the first paper and then write CMA part 2 after that. Candidate can write both CMA part 1 & part 2 during the same test window or in different test windows.

What are the benefits of CMA PART 2?

Successfully completing CMA PART 2 is the beginning of your career in the field of management accounting. With the CMA PART 2 qualification, Candidates should be able to find an entry level job in the accounting & finance department of any organization. But keep in mind that completing both parts and finally obtaining the CMA is the ticket for further growth and opportunities.

What is the CMA PART 2 Exams Fees Structure?

For Professional Members:

1. IMA Membership: $245 annually (discounts are available for students, academics, and young professionals)

2. IMA Registration Fee: $15 one-time payable with your first year of membership

3. CMA Exam Entrance Fee: $250 (good for 3 years)

4. CMA Exam Registration Fee: $415 per Part

For Student/Academic Members:

1. IMA Membership Fee: ($135 – Academic, $78 – 2-year student, $39 – Student) Annual.

2. IMA Registration Fee: $15 one-time payable with your first year of membership

3. CMA Exam Entrance Fee: $188 (good for 3 years)

4. CMA Exam Registration Fee: $311 per Part

How to register for CMA PART 2?

Interested candidates may register for CMA PART 2 online. The candidate may follow the online registration process – · The candidate should create an account in the imanet.org website

· Complete the registration form and pay the IMA Registration & Membership Fee

· Select the Date and Location for CMA PART 2 Test

· Make a payment for CMA PART 2 exam fee

Where is the test center for CMA PART 2 in UAE?

1) X

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Course Syllabus

Topic 1: Basic Financial Statement Analysis

a) Common Size Statements – Vertical and Horizontal

Topic 2: Financial Ratios

a) Liquidity/Solvency Ratios
b) Working Capital Analysis
c) Sensitivity Analysis on Liquidity Ratios
d) Capital Structure Analysis
e) Degree of Operating Leverage
f) Degree of Financial Leverage
g) Financial Leverage Ratio
h) Ratio analysis on Debt/Liabilities
i) Capital Structure and Risk
j) Off-Balance Sheet Financing
k) Operating Activity Analysis
l) Measuring the Ability to Pay

Topic 3: Profitability Analysis

a) Earnings Per Share
b) Sustainable Equity Growth
c) Revenue Analysis
d) Income Measurement Analysis
e) Limitations of Ratio Analysis

Topic 4: Special Issues

a) Economic Profit and Accounting Profit
b) Accounting Changes and Error Corrections
c) Earnings Quality
d) Effects of Changing Prices and Inflation
e) Fair Value Standards
f) Accounting for Foreign Currency Transactions and Financial Statements

Topic 1: Risk and Return

a) Risk
b) Calculating Rates of Return
c) Risk and Return Relationship
d) Risk and Return in a Portfolio Context
e) Diversification
f) Capital Asset Pricing Model

Topic 2: Long Term Financial Management

a) Risk and Returns in Investment and Financing Decisions
b) Bonds
c) Stocks
d) Common Stock
e) Preferred Stock
f) Derivatives
g) Cost of Capital
h) Weighted Average Cost of Capital
i) Marginal Cost of Capital
j) Use of Cost of Capital in Investment Decisions

Topic 3: Raising Capital

a) Intermediate-Term Sources
b) Other Long-Term Sources
c) Other Capital- Raising Matters

Topic 4: Working Capital Management

a) Working Capital terminology
b) Cash Management
c) Marketable Securities Management
d) Accounts Receivable Management
e) Inventory Management
f) Types of Short-Term Credit
g) Short-Term Credit Management
h) Maturity Matching or Hedging Approaches to Financing

Topic 5: Corporate Restructuring

a) Mergers and Acquisitions
b) Takeover Defense Tactics
c) Divestitures
d) Evaluating Factors for Restructuring
e) Valuing a Business for Merger or Acquisition
f) Business Failures
g) Other Forms of Corporate Restructuring

Topic 6: International Finance

a) Foreign Currency Exchange
b) Fixed, Flexible, and Floating Currency Exchange Rates
c) Risk and Rate of Return for Foreign Investment
d) Financing and Paying for International trade
e) Transfer Pricing
f) Legal and Social Issues in Global Business

Topic 1: Cost/Volume/Profit Analysis

a) CVP Terminology and Assumptions
b) Break-Even Analysis
c) Analysis of Multiple Products
d) Income Taxes and CVP Analysis
e) Sensitivity Analysis and CVP

Topic 2: Marginal Analysis

a) Special Orders and Pricing
b) Make vs Buy
c) Sell or Process Further
d) Add or Drop a Segment
e) Income Taxes and Marginal Analysis

Topic 3: Pricing

a) Setting Prices
b) Market-Based Pricing
c) Cost-Based Pricing
d) Law of Supply and Demand
e) Price Elasticity of Demand
f) Government Intervention in Market Operations
g) Impact of Cartels on Pricing

Topic 1: Enterprise Risk

a) Risk an Expected Loss

Topic 1: Capital Budgeting Process

a) Capital Budgeting
b) Incremental Cashflows
c) Income Tax Considerations

Topic 2: Discounted Cash Flow Analysis

a) Required Rate of Return
b) Net Present Value
c) Internal Rate of Return
d) Comparison of NPV and IRR

Topic 3: Payback and Discounted Payback

a) Uses of Payback Method
b) Discounted Payback

Topic 4: Risk analysis in Capital Management

a) Sensitivity Analysis
b) Capital Asset Pricing Model
c) Uses of Specifying Adjusted Rates
d) Qualitative Considerations in Capital Investments

Topic 1: Ethical Considerations for Management Accounting and Financial Management Professionals

a) Introduction
b) IMA Statement of Ethical Professional Practice
c) The Fraud Triangle
d) Practice Ethical Scenario