Category Archives: CMA

FINANCIAL LEADERSHIP & PERFORMANCE

STARTING YOUR CAREER AS A FINANCE PROFESSIONAL

As you start your career in finance you want to be confident that you gain the right knowledge and skills so you can develop your career in the direction you want. Whether you qualify with ACCA or IMA you can be reassured you’ll be starting your career with the fundamental skills of performance accounting and financial management needed for any future leader.

Our qualifications provide you with a comprehensive set of competencies recognised by leading companies and CFOs. Added to that, with ACCA and IMA you will have access to a wide range of resources to help your development as you progress with your career to become a finance leader.

THE COMPLETE FINANCE PROFESSIONAL

In today’s business, ensuring a balance of skills across the entire finance value chain is essential for the complete finance professional. Broad-based qualifications, which provide an entire understanding across financial and management accounting disciplines, as well as more specialised learning in audit, tax and law, provide a vital grounding in developing the skills that businesses need. Read the full report now to find out more.

  • pol-afb-tfoft-thumbThe Future of finance talent 
    This report suggests a number of trends that could affect finance talent management in the future. These trends are intended to stimulate the debate on the future of talent management in global finance functions.
  • generation_y_report-thumbGeneration Y 
    This research paper presents one of the most substantive and widespread surveys of Generation Y finance professionals ever undertaken. It provides a unique perspective for the finance profession.

IMA and ACCA Announce New Global Strategic Initiative and Mutual Recognition Agreement

On the one-year anniversary of their strategic partnership, IMA® and ACCA (Association of Chartered Certified Accountants) announced a new strategic initiative for the global finance profession, Financial Leadership and Performance.

This initiative to support the career development goals of CFOs and other aspiring professionals was officially launched on June 23 during IMA’s Annual Meeting of Members at the start of the IMA 94th Annual Conference & Exposition in New Orleans.

Also at that meeting, the two organizations signed a Mutual Recognition Agreement, which was approved by the ICMA® Board of Regents and ACCA’s Council.

Pictured left: Barry Cooper, ACCA’s president, and John Macaulay, CMA, IMA’s Chair 2012-2013sign a Mutual Recognition Agreement at IMA’s Annual Conference & Exposition in New Orleans.

The Mutual Recognition Agreement enables members of both organizations, subject to standard conditions of membership, a clear pathway to one another’s credentials based on a rigorous content and curriculum review: IMA’s CMA® certification or ACCA’s professional membership.

Under the agreement, which becomes effective early next year, IMA members who have completed the CMA qualification and undertaken the following requirements shall be considered to have met the education, examination, and experience requirements to be a qualified member of ACCA: (1) Pass ACCA’s three Essentials exams – P1 Governance, Risk and Ethics, P2 Corporate Reporting, and P3 Business Analysis; (2) complete ACCA’s Professional Ethics module; and (3) complete or document an additional year of practical experience.

In turn, ICMA will grant the CMA certification to those ACCA qualified members who have passed the exam parts P4 Advanced Financial Management and P5 Advanced Performance Management, as well as to those ACCA members who have passed the comparable two parts in prior syllabi. All other ACCA qualified members can waive part 2 (Financial Decision Making) of the CMA exam and would be required to pass part 1 (Financial Planning, Performance, and Control) to become certified as a CMA.

For complete information on the agreement, please see a list of frequently asked questions.

As part of the Financial Leadership and Performance initiative, ACCA and IMA will support professionals through a variety of resources:

 

A new co-sponsored website (www.roleofcfo.com) – A resource for finance leaders, containing ACCA and IMA reports, research, and insights.

CFO Pathways – A research report covering the future of CFOs’ work, their role, and changing career paths.

Continuing Professional Development/Continuing Professional Education – Resources that focus on financial leadership and performance, including articles, webinars, videos, and e-learning courses.

In the press release announcing the agreement, Barry Cooper, ACCA’s president, said, “Both our credentials are the result of rigorous qualification and assessments, with a clear commitment to producing ethical, reputable and high performing members. Together, we understand the issues and drivers of success for the CFO and the finance team. The announcements made today, including flexible pathways to our respective exams and compelling CFO resources, are indicative of our commitment to sustainable organizational success.”

John Macaulay, CMA, IMA’s Chair 2012-2013, added, “Collectively, ACCA and IMA represent 653,000 members and candidates, with a unique global network of 89 offices and centers around the world, including more than 200 local chapter communities. With today’s announcements, we have the opportunity to deliver even more value to the global profession, supporting CFOs and those aspiring toward that goal. We will continue to support excellence in management accounting through tested certification.”

For additional information about this strategic initiative, please find more information here.

ACCA (Association of Chartered Certified Accountants) is the global body for professional accountants with 162,000 members and 426,000 students in 173 countries worldwide. It offers business-relevant, first-choice qualifications to people of application, ability, and ambition around the world who seek a rewarding career in accountancy, finance, and management. For more information, please visit www.accaglobal.com.

 

Know more about ACCA and CMA at PMTC Global

Become a CMA®

cma

The Certified Management Accountant (CMA) credential is the advanced professional certification that delivers tangible value. It demonstrates your command of the critical accounting and financial management skills demanded by today’s dynamic businesses, translating into significant career opportunities for you.


REAL WORLD RELEVANCE.

The CMA offers the critical knowledge, skills, and abilities needed to compete in today’s business world.

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EMPLOYER RECOGNITION.

CMAs are successfully leading the way in key management roles at top multinationals around the world.

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CONVENIENCE AND FLEXIBILITY.

Busy professionals can take advantage of various learning formats and hundreds of testing locations.

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HIGH ROI.

The CMA delivers a solid return on your investment. From the U.S., to China, to the Middle East, professionals holding a CMA can earn significantly higher average total compensation per year than noncertified peers.*

ABOUT CMA CERTIFICATION

The CMA is unique among professional and academic credentials, designed specifically for accounting and financial management professionals in business.

Achieving the CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – essential skills sought after by successful organizations and their financial team leaders.

Whether you want to enhance your value within your current organization—or expand your career potential—the CMA is the key to maximizing your professional potential.

THE CMA CURRICULUM: HIGHLY TARGETED TOPICS

The CMA exam is structured as follows:

PART ONE

  • Planning, budgeting, and forecasting
  • Performance management
  • Cost management
  • Internal controls
  • Professional ethics

PART TWO

  • Financial statement analysis
  • Corporate finance
  • Decision analysis and risk management
  • Investment decisions
  • Professional ethics

THE CMA EXAM FORMAT: TAILORED TO YOUR NEEDS

The CMA exam consists of two parts:

PART ONE

  • Financial Planning, Performance and Control
  • 4 hours – 100 multiple choice questions and two 30-minute essay questions

PART TWO

  • Financial Decision Making
  • 4 hours – 100 multiple choice questions and two 30-minute essay questions

The exam parts can be taken in any order. Only one exam can be taken at a time. Candidates must register to take one exam part within the first 12 months of entering the program and must complete both exam parts within three years.

 

Know more about CMA at PMTC Global

 

Registering for the CMA Exam – Part 1

 

Written By CMA Exam Guest Blogger Leslie M.

 

This week was exciting regarding my CMA test prep. At the beginning of the year, I committed to preparing for the CMA exams, but I wanted to see how my studying was coming along before actually registering for them. I needed to gain a certain comfort level for this daunting task and make sure that my study plan was achievable. I realize that some candidates may not require as much time to study for this exam (you may be able to commit more time per week), but I wanted to allow sufficient study time in addition to working 40+ hours a week at a challenging career. On top of that, I have to handle my personal roles as wife/mother/etc. and was a little fearful of making an absolute commitment. So this week, I decided that in order to maintain my focus and keep my motivation high, I should take the plunge and register for next exam window. I told myself: “There’s no turning back now!”, “No excuses!”, and “Just do it!” So I did it!

The Gleim study materials helped me to understand the steps required to register and schedule the exam with Prometric. Shortly after I registered for the exam through the IMA website, I received an email containing my authorization. I had already submitted the education and experience requirements, so I was able to go to the Prometric website and select a date, time, and location for my exam. I decided to schedule it on a Saturday afternoon, thinking that I could take off work the day before for final study preparations. This would also allow more than enough time to get there without having to rush around. I can relax and take my time getting there, stay calm, and do my best. I want to give myself any possible advantage on exam day.

Now that I have a target date, I feel more motivated to continue my study plan. I’m working through each study unit and will continue to do more study sessions and test sessions so I can improve my scores. I have made a commitment, and I am motivated to succeed. Best of luck to all of you CMA exam candidates out there. Cheers!

 

Know more about CMA: www.pmtcglobal.com/cma.html

Find out Average ACCA salaries in U.A.E

UAE had been quite a good market for Pakistani accountants whether partly qualified CAs or ACCAs. Moreover, our engineers had much demand over there. However, the situation in UAE, after the economic crisis, is heard to be not very good right now any layoffs is a continuous phenomena.

UAE is not diversify economy especially Dubai emirates, here major or only sector you can say is construction/real estate industry or its supporting industries. Other industry is shipping/cargo & Foods sector.

Employees with a Chartered Certified Accountant: ACCA (Association of Chartered Certified Accountants) Certification

Salary Ranges by Job
Job Title
National Salary Data (?)
AED 0 AED 210K AED 420K
Accountant

44 salaries
AED 36,407 – AED 215,424
Financial Controller

8 salaries
AED 45,781 – AED 412,707
Senior Auditor

6 salaries
AED 44,219 – AED 195,334
Assistant Accountant

6 salaries
AED 24,202 – AED 61,042
Auditor

6 salaries
AED 58,958 – AED 102,550
accounting-and-finance-salaries-uae2
Country: United Arab Emirates | Currency: AED | Updated: 25 Jul 2013 | Individuals Reporting: 146