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Certified Management Accountant Preparation - CMA1 AL Mawred Speciality Training

Certified Management Accountant Preparation - CMA1

Why Attend

This course is designed to give an overview of the main concepts covered under the CMA 1 exam. Relatively difficult topics are explained in simple terms and summarized in a way that makes the information easy to retain.

AL Mawred Speciality Training
Overview
Course Methodology

This course uses the Gleim learning system which includes the material in a hard copy book, loaded with hundreds of questions and their explanations, online questions and answers and an online exam rehearsal.

Course Objectives

By the end of the course, participants will be able to:

  • Account for and present assets, liabilities, equity, revenues and expenses properly on the financial statements
  • Define the main budgeting concepts, methodologies and forecasting techniques
  • Apply operational and capital budgeting and prepare financial budgets
  • Use budget variance reports and utilize different performance measures to analyze responsibility centers performance
  • Identify the different cost concepts and costing systems
  • Demonstrate best practices in business process performance and operational efficiency
  • Explain the importance of internal controls and risk assessment in organizations
Target Audience

All employees who wish to pursue the CMA certification and prepare for the exam. Also, all managers and staff who are involved in accounting and finance functions in their organizations who wish to sharpen their skills in the field of financial planning, performance and control.

Target Competencies
  • Accounting and reporting
  • Interpreting financial statements
  • Budgeting
  • Cost control
  • Planning
  • Forecasting
  • Accounting based on IFRS and GAAP
Course Outline
  • External financial reporting decisions
    • Financial statements
      • Balance sheet and income statement
      • Statement of changes in equity and statement of cash flows
    • Recognition, measurement, valuation, and disclosure
      • Asset valuation, valuation of liabilities and equity transactions
      • Revenue recognition and income measurement
      • Major differences between Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)
  • Planning, budgeting and forecasting
    • Strategic planning
      • Analysis of external and internal factors affecting strategy
      • Alignment of tactics with long-term strategic goals
      • Strategic planning models and analytical techniques
      • Characteristics of successful strategic planning process
    • Budgeting concepts
      • Operational and performance goals
      • Characteristics of a successful budget process and resource allocation
    • Forecasting techniques
      • Regression, learning curve analysis and expected value
    • Budgeting methodologies
      • Annual business plans (master budgets)
      • Project budgeting and activity-based budgeting
      • Zero-based budgeting, continuous (rolling) budgets and flexible budgeting
      • Operational, financial and capital budgets
      • Financial statement projections and cash flow projections
  • Performance management
    • Cost and variance measures
      • Comparison of actual to planned results
      • Use of flexible budgets to analyze performance and management by exception
      • Analysis of variation from standard cost expectations
    • Responsibility centers and reporting segments
      • Types of responsibility centers
      • Reporting of organizational segments
    • Performance measures
      • Product, business unit, and customer profitability analysis
      • Return on investment and residual income
      • Key Performance Indicators (KPIs) and balanced scorecard
  • Cost management
    • Measurement concepts
      • Cost behavior and cost objects
      • Actual, normal and standard costs
      • Absorption (full) versus variable (direct) costing
      • Joint and by product costing
    • Costing systems
      • Job order costing and process costing
      • Activity based costing and life-cycle costing
    • Overhead costs
      • Fixed and variable overhead expenses
      • Plant wide versus departmental overhead
      • Allocation of service department costs
    • Supply chain management
      • Lean manufacturing and Enterprise Resource Planning (ERP)
      • Theory of constraints and throughput costing
      • Capacity management and analysis
    • Business process improvement
      • Value chain analysis
      • Value added concepts and process analysis
      • Activity based management
      • Continuous improvement concepts and best practice analysis
      • Cost of quality analysis and efficient accounting processes
  • Internal controls
    • Governance, risk, and compliance
      • Internal control structure and management philosophy
      • Internal control policies for safeguarding and assurance
      • Internal control risk, corporate governance and external audit requirements
    • Internal auditing
      • Responsibility and authority of the internal audit function
      • Types of audits conducted by internal auditors
    • Systems controls and security measures
      • General accounting system controls
      • Network controls and backup controls
      • Business continuity planning
Mawred Certificate
Mawred Certifications
Al mawred Professional Certificate (Mawred Certificate)

Mawred Certificate courses by Al mawred Training & Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an Mawred Certificate course and successfully complete the test on the last day, will receive a Al mawred Professional Certificate (Mawred Certificate), in addition to the one they receive for full attendance. Mawred Certificate certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

List of Certified Courses
Schedule & Fees

2026 Schedule & Fees

Location & Date
31 May - 4 Jun, 2026
Dubai
Arabic
Venue to be assigned
Fees

Fees + VAT as applicable

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Al mawred reserves the right to alter dates, content, venue, trainer, and to offer courses in an integrated virtual learning (IVL) format whereby face to face classroom participants and virtual learners participate simultaneously in the same course in an interactive learning experience.

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