Certified Management Accountant (CMA)

Certified Management
Accountant (CMA)
International Accreditation
The new standard in controlling
International recognition
More than 40,000 graduates worldwide
Certified by the Institute of Management
Accountants (IMA)
Efficient exam preparation
English language
Only at Controller Institut
Next start: 24.04.2015 | Duration: 8 days
Controller Institut
Certified Management
Accountant (CMA)
CMA Certification – the international standard for professionals in
Controlling
Clemens Nachbauer
Program Management,
Controller Institut
+43/1/368 68 78-210
clemens.nachbauer@
controller-institut.at
The Certified Management Accountant (CMA) credential is an advanced
professional certification that demonstrates your command of the critical
accounting and financial management skills demanded by today’s international businesses. Like the CFA for the banking industry and the CPA for
auditing companies, the CMA sets a standard for professionalism in its field
management accounting. In the last 40 years more than 40,000 professionals worldwide have earned this essential credential.
CMA, IMA and Controller Institut
The CMA is offered and developed by the Institute of Management Accountants (IMA), the worldwide association for accountants and financial professionals working in business. IMA has more than 70,000 members worldwide
and is committed to expand your professional skills, better manage your
organization, and enhance your career. Controller Institut has established
an exclusive partnership with IMA to form IMA’s sixth European chapter in
Austria.
CMA Exam and Preparation Course
The CMA exams are computer-based tests that are administered in independent testing facilities in Vienna. The exam has two parts, one focusing on
„Financial Planning, Performance and Control“, the other on „Financial Decision Making“. Every part is covered by elaborate study materials. The exam
is demanding and challenging: more than half of candidates do not succeed
on the first attempt. The preparation course focusses on exam preparation
and intensive test training. The experienced trainers give an overview of all
relevant exam areas and concentrate on problem solving techniques and test
questions. The IMA recommends a minimum of 200 hours of preparation per
level. This course does not compensate for this learning investment, but helps
you to translate your learning efforts into the best test result.
Information and registration: www.controller-institut.at | [email protected] | +43/1/368 68 78-242
Service: Eva Sukup | T: +43/1/368 68 78-242 | [email protected]
General Terms and Conditions: The General Terms and Conditions (GTC) of the Controller Institut are
available online: www.controller-institut.at/agb. On request we will send you a written version.
Certified Management Accountant
“I strongly believe in the formula: degree + work
experience + professional certification = great
finance professional. The CMA’s exam content is
highly relevant to any financial expert and makes
you a well rounded professional.”
Pascal Peter, CMA, CIA, Commercial Director, Röfix AG, Switzerland
Participants
The intensive workshop focuses on exam preparation. It addresses all candidates who want to
enhance their career by attaining an international certification and complete the CMA exam. To
register for the CMA-Exam, an academic degree (Bachelor’s level or above) and specific work
experience is required as well as the personal membership at Controller Institut and IMA.
CMA preparation package – the fast track to the CMA
Controller Institut offers a unique package to enable you to succeed efficiently at your CMA exam. It
includes an intensive exam preparation course and all requirements for becoming a CMA:
CMA PrEPArAtIOn PACkAgE
ADDItIOnAl rEquIrEMEnts
≥ preparation for level 1 and level 2
of the CMA exam
≥ individual coaching and training
≥ experienced trainers holding the
CMA credential
≥ extensive exam preparation
≥ materials from Wiley
(not covered by this offer)
≥ membership at Controller Institut/
IMA
≥ registration for the exams at IMA
and exam fees
≥ qualification and ethical requirements
Date and Place
Price
Level 1: 24.04. – 25.04. and
08.05. – 09.05.2015
Level 2: 22.08. – 23.08. and
29.08. – 30.08.2015
from 9 AM until 6 PM
con.center, Billrothstrasse 4,
1190 Vienna, Austria
both exam levels one exam level Trainers
Experienced trainers with CMA
certification and IMA Association
EUR 2.450,EUR 1.450,-
The price includes snacks but no
lunch. The seminar is being held in
English. Please also ask for special
company packages.
All prices excl. taxes.
Controller Institut
Expanding Your Career Options
Measuring What Matters
The CMA program is designed specifically to validate mastery of the advanced skills required to
manage finance functions within an organization, enabling you to deliver value in today’s complex
business environment. There are two parts to the CMA exam. Each part is four hours, and they can
be taken in any order. The exam is structured as follows:
Part 1 – Financial Reporting, Planning,
Performance and Control
Part 2 – Financial Decision Making
≥ External Financial Reporting Decisions
≥ Planning, Budgeting and Forecasting
≥ Performance Management
≥ Cost Management
≥ Internal Controls
≥ Financial Statement Analysis
≥ Corporate Finance
≥ Decision Analysis
≥ Risk Management
≥ Investment Decisions
≥ Professional Ethics
By focusing on advanced accounting and financial management skills, the exam is rigorous yet in
line with on-the-job practice to help you perform better.
Recognized by leading Companies
CMA certification can expand your opportunities in your current position and for the long term.
Leading employers – from multinational corporations to private firms, academic institutions, and
not-for-profit organizations – seek out CMAs to hire and promote in positions requiring critical accounting and financial management skills.
Today, CMAs hold key positions in a wide range of companies, including 3M, Alcoa, AT&T, Bank of
America, Boeing, Cargill, Caterpillar, Hewlett-Packard, Johnson & Johnson, Procter & Gamble and
Verizon.
Earn the CMA and join a network of more than 40,000 certified peers worldwide.
Controller Institut
Praxisseminar
Unternehmensbewertung
Leitgedanke
Unternehmensbewertungen sind in der Vorbereitung zur Transaktion von Unternehmen bzw. Unternehmensteilen ein unerlässliches Instrumentarium zur Chancen-Risiko-Analyse. Innerhalb dieser zwei Tage
werden die in der Praxis am häufigsten anzutreffenden Bewertungsverfahren ausführlich dargestellt
und anhand von aktuellen Fallbeispielen vertieft. Nutzen Sie den Workshop, um Unternehmensbewertungen selbst durchzuführen und mögliche Unternehmenstransaktionen zu simulieren.
Nächster Start: 24. April 2015 | Dauer: 8 Tage
Seminarinhalt
Exklusiv am Controller Institut
Bewertung von Synergien
≥≥ Erfolgsfaktoren und Gefahrenpotenziale bei
Akquisitionen
Bewertung von Synergien
≥≥ Erfolgsfaktoren und Gefahrenpotenziale bei
Akquisitionen
Abgrenzung Unternehmenswert und Kaufpreis
≥≥ Umgang mit Interessenskonflikten
≥≥ Kaufpreisgestaltung
Abgrenzung Unternehmenswert und Kaufpreis
≥≥ Umgang mit Interessenskonflikten
≥≥ Kaufpreisgestaltung
Vergleichswertverfahren
≥≥ Equity vs. Entity Multiples
≥≥ Stärken und Schwächen bei der Bewertung
von Multiples
Vergleichswertverfahren
≥≥ Equity vs. Entity Multiples
≥≥ Stärken und Schwächen bei der Bewertung
von Multiples
Wahl der „richtigen“ Bewertungsmethode
≥≥ Discounted Cashflow Methode
≥≥ Marktwertverfahren
Wahl der „richtigen“ Bewertungsmethode
≥≥ Discounted Cashflow Methode
≥≥ Marktwertverfahren
Prozess der Unternehmensbewertung
Prozess der Unternehmensbewertung
In englischer Sprache
Effiziente Prüfungsvorbereitung
Zertifiziert durch das Institute of Management
Accountants (IMA)
Bereits mehr als 40.000 Absolventen weltweit
Workshop zur Unternehmensbewertung
≥≥ Welche Informationen fließen ein?
≥≥ Anwendung unterschiedlicher
Bewertungsmethoden
≥≥ Aufzeigen von objektiven und subjektiven
Bewertungen
≥≥ Einflussnahme der Finanzierbarkeit
Internationale Anerkennung
Workshop zur Unternehmensbewertung
≥≥ Welche Informationen fließen ein?
≥≥ Anwendung unterschiedlicher
Bewertungsmethoden
≥≥ Aufzeigen von objektiven und subjektiven
Bewertungen
≥≥ Einflussnahme der Finanzierbarkeit
Der neue Standard im Controlling
Certified Management
Accountant (CMA)
Internationaler Abschluss
Mag. Robert Ehrenhöfer, CREDIT-SUISSE (LUXEMBOURG) S.A. Zweigniederlassung Österreich
Mag. Robert Ehrenhöfer, CREDIT-SUISSE (LUXEMBOURG) S.A. Zweigniederlassung Österreich
G0713A
05.10. – 06.10.2012,
09.00 – 17.00 Uhr
BNR
Termin
Ort
Teilnahmegebühr
EUR 1.150,–
(EUR 1.075,– für Firmenmitglieder)
Wien
Credit Points
16
8
Controller Institut
Certified Management
Accountant (CMA)
CMA-Zertifikat – der internationale Abschluss für Experten im
Controlling
Mag. Clemens
Nachbauer, MBA
ProgrammManagement,
Controller Institut
+43/1/368 68 78-210
clemens.nachbauer@
controller-institut.at
Der Certified Management Accountant (CMA) ist eine fortgeschrittene
Akkreditierung für Experten in Controlling und Rechnungswesen. Der CMA
zeigt Ihre Fähigkeiten in den erfolgskritischen Kompetenzen, die heute
international nachgefragt werden. Ähnlich dem CFA für die Finanzindustrie
und dem CPA für das Rechnungswesen, legt der CMA einen Standard für
Exzellenz im internationalen Controlling. In den letzten 40 Jahren haben
mehr als 40.000 Fachleute einen CMA-Abschluss erlangt.
CMA, IMA und das Controller Institut
Der CMA wird entwickelt und angeboten vom amerikanischen Institute of
Management Accountants (IMA), einem der weltweit größten Vereine für
Controller und Fachleute aus dem Rechnungswesen. IMA hat mehr als 70.000
Mitglieder weltweit und setzt sich für die Erweiterung Ihrer Kompetenzen,
für die Verbesserung Ihrer Karrieremöglichkeiten und den Erfolg Ihrer Organisation ein. Das Controller Institut hat eine exklusive Partnerschaft mit IMA
geschlossen und bildet das sechste europäische Chapter.
CMA-Prüfung und Vorbereitungskurs
CMA-Prüfungen sind computergestützte Tests, die von unabhängigen
Testeinrichtungen weltweit – auch in Wien – abgehalten werden. Die Prüfung besteht aus zwei Teilen: „Unternehmensplanung und Steuerung“ und
„Entscheidungsrechnung“. Jeder Teil wird durch umfassende Prüfungsmaterialien erläutert. Die Prüfung ist herausfordernd und anspruchsvoll:
Mehr als die Hälfte der Kandidaten schafft den ersten Antritt nicht. Der
Vorbereitungskurs fokussiert auf eine intensive Prüfungsvorbereitung und
Test-Training. Erfahrene Trainer geben einen Überblick über alle Prüfungsgebiete, mögliche Prüfungsfragen und -techniken. Jeder Prüfungsteil
erfordert eine Vorbereitung von ca. 200 Lernstunden. Der Vorbereitungskurs ersetzt diese Lernzeit nicht, aber hilft, Ihren Lernaufwand in beste
Ergebnisse umzusetzen.
Information und Anmeldung: www.controller-institut.at | [email protected] | +43/1/368 68 78-242
Service: Eva Sukup | T: +43/1/368 68 78-242 | [email protected]
Allgemeine Geschäftsbedingungen: Die Allgemeinen Geschäftsbedingungen (AGB) des Controller Instituts stehen
online zur Verfügung: www.controller-institut.at/agb. Auf Anfrage senden wir Ihnen gerne eine schriftliche Version zu.
Certified Management Accountant
“I strongly believe in the formula: degree + work
experience + professional certification = great
finance professional. The CMA’s exam content is
highly relevant to any financial expert and makes
you a well rounded professional.”
Pascal Peter, CMA, CIA, Commercial Director, Röfix AG, Switzerland
Teilnehmer
Das Seminar bereitet intensiv auf die Prüfung vor. Es richtet sich an alle Personen, die ihre Karriere durch einen internationalen Abschluss verbessern und den CMA abschließen wollen. Für
die Anmeldung ist ein akademischer Abschluss (min. BA), einschlägige Arbeitserfahrung und die
Mitgliedschaft beim Controller Institut und dem IMA notwendig.
CMA-Vorbereitungspaket – der schnelle Weg zum CMA
Das Controller Institut bietet ein einzigartiges Paket an, um bei der CMA-Prüfung effizient erfolgreich zu ein. Das Paket beinhaltet eine intensive Prüfungsvorbereitung und alle Voraussetzungen
für den CMA.
CMA-Vorbereitungspaket
Zusätzliche Anforderungen
≥Vorbereitung für Level 1 und
Level 2 der CMA-Prüfung
≥individuelles Coaching und
Training
≥erfahrene Trainer mit CMAAbschluss
≥intensive Prüfungsvorbereitung
≥Materialien von Wiley
(nicht in diesem Angebot
eingeschlossen)
≥Mitgliedschaft bei Controller
Institut / IMA
≥Registriergebühren für IMA und die
Prüfungsantritte
≥Qualifikations- und EthikAnforderungen
Ort und Zeit
Preis
Level 1: 24.04. – 25.04. und
08.05. – 09.05.2015
Level 2: 22.08. – 23.08. und
29.08. – 30.08.2015
von 9:00 bis 18:00 Uhr
con.center, Billrothstraße 4,
1190 Wien, Österreich
beide Level ein Level
Trainer
Erfahrene Trainer mit CMA Abschluss
EUR 2.450,–
EUR 1.450,–
Der Preis inkludiert Snacks, aber
kein Mittagessen. Das Seminar wird
auf Englisch abgehalten.
Bitte erkundigen Sie sich nach
speziellen Firmenangeboten.
Alle Preise exkl. Steuern
Controller Institut
Erweitern Sie Ihr Karriere-Potenzial
Messen, was zählt
Das CMA-Programm ist speziell entworfen worden, um Fachkenntnisse zu zertifizieren, die für
Führungspositionen im Finanz- und Controllingbereich in internationalen Organisationen notwendig
sind. Die CMA-Prüfung hat zwei Teile und wird auf Englisch abgelegt. Jeder Teil umfasst vier Stunden. Die Prüfungsteile können in beliebiger Reihenfolge abgelegt werden. Die Prüfungsinhalte sind
die folgenden:
Part 1 – Unternehmensplanung
und Steuerung
Part 2 – Entscheidungsrechnung
≥Externe Finanzentscheidungen
≥Planung, Budgetierung und Forecasting
≥Leistungsmessung
≥Kostenmanagement
≥Interne Kontrollen
≥Bilanzanalyse
≥Corporate Finance
≥Entscheidungsrechnung
≥Risikomanagement
≥Investitionsentscheidungen
≥Wirtschaftsethik
Die sehr anspruchsvolle Prüfung fokussiert auf fortgeschrittene Kenntnisse im Rechnungswesen und
Finanzmanagement und entspricht damit den Herausforderungen in der Praxis.
Anerkannt von führenden Unternehmen
Ein CMA-Abschluss erweitert Ihre Karrieremöglichkeiten sowohl in Ihrer gegenwärtigen Position,
als auch für die Zukunft. Führende Arbeitgeber – von multinationalen Konzernen über akademische
Institutionen bis hin zu Non-Profit Organisationen – fragen für Ihre Führungspositionen vermehrt
CMA-Absolventen nach.
Heute besetzen CMA-Absolventen Schlüsselpositionen in verschiedenen Branchen und Unternehmen, wie z.B. 3M, Alcoa, AT&T, Bank of America, Boeing, Cargill, Caterpillar, Hewlett-Packard,
Johnson & Johnson, Procter & Gamble und Verizon.
Schließen auch Sie den CMA ab und werden Sie Mitglied in einem Netzwerk von mehr als 40.000
Fachleuten!
Information on the requirements for CMA certification
(Eligibility Criteria)
Introduction
The CMA program is rigorous and relevant. The two-part testing format requires a mastery of the critical skills and
knowledge involved in planning, analysis, control and decision support. Candidates for CMA certification must
complete the following two examination parts which can be taken in any order:
·
·
Part 1: Financial Planning, Performance and Control (4 hours – 100 multiple-choice questions and two 30minute essay questions)
Part 2: Financial Decision Making (4 hours – 100 multiple-choice questions and two 30-minute essay
questions)1
The exams can be taken any day from Monday to Saturday during the following three testing windows:
· January and February
· May and June
· September and October
It is possible, but not necessary to do all two exams in one testing window.
To obtain the CMA certification, you must fulfil all of the following requirements:
1. Become a member of the Institute of Management Accountants (IMA)
2. Enter the CMA-Program
3. Register for the CMA Examinations
4. Register for an exam date, take and pass the exam
5. Satisfy the Education and Experience Qualification (within 7 years of passing the exam)
6. Comply with the IMA Statement of Ethical Professional Practice
1. Become IMA Member
You must be a member of IMA to be eligible for the CMA program. The Controller Institut has established an exclusive
partnership with IMA and is IMA's chapter in Austria. You therefore have to contact Controller Institut to become an
IMA member. Please find more information on our homepage http://www.controller-institut.at/mitgliedschaft/imachapter-austria/ or contact directly Ms. Verena Laber, MA., [email protected], + 43/1/368 68 78 -212.
Membership Fee: 150,- EUR
2. Enter the CMA-Program
The CMA-Program starts with paying the entrance fee. The fee must be paid before taking the examinations and after
becoming member of IMA. The CMA program must be completed within three years from entry into the program.
You can enter the program by filling out an on-line registration form at IMA’s online store (http://tinyurl.com/cmaentrance) or calling +1 (201) 573-9000. You must be a member of IMA to enter the program.
The Entrance Fee also includes:
· Six month’s access to the CMA Support Package (sample questions and answers, CMA Assessment Tool)
· Performance feedback reports for the multiple choice questions
· Review of educational and experience credentials
· Electronic access to the CMA Resource Guide
· Access to peer-to-peer networking
· Final score report upon completion of the exams
· Personalized, numbered certificate upon completion of all requirements´
· Employer notification of achievement if desired
Entrance Fee: 240,- USD
1
An overview of the exam areas can be found in the attachment.
3. Register for the CMA Examinations
Candidates must register for an exam part within the first 12 months of entering the program. If a candidate does not
register for an exam part within the first 12 months of entering the program, they will have to repay the entrance fee. If
both exam parts are not successfully completed within three years of entering the certification program, the passed
part will expire and the entrance fee will have to be repaid. If a candidate registers to test during a specific testing
window and fails to take the exam, the candidate must register again and repay the full registration fee.
You can register for an exam by filling an on-line registration form at IMA’s online store (http://tinyurl.com/cma-exams)
or calling +1 (201) 573-9000, please have your credit card available. You must be a member of IMA and have paid the
entrance fee to register for a CMA exam part.
Exam Fee: 380,- USD per part2
4. Register for an exam date, take and pass the exam
The exams are offered at an extensive network of Prometric Testing Centers located throughout the U.S. and
Internationally. There are testing centres in Vienna, Munich, Prague, Bratislava and Budapest. An up-to-date listing of
all Prometric Testing Centers can be found at Prometric’s website www.prometric.com/ICMA.
You need to register for a specific date at the Prometric website. Make sure you do this at least one month before
taking the exam, as places can be limited! There is no fee for taking the test.
You will be informed by IMA directly if you have passed the test. You can also check on the IMA website with your
login. It can take a couple of weeks for the results to be published.
5. Education and Experience Qualification
You must have at least a Bachelors Degree, in any area, from an accredited college or University, or the equivalent
(e.g. ACCA certification, B-Comm, etc.). A listing of International and US institutions accepted without evaluation is
available at http://univ.cc/world.php. Degrees not from accredited institutions must be evaluated by an independent
agency listed at www.aice-eval.org or www.naces.org. All transcripts must be submitted in English. You should have
the college or university forward an official copy of your transcripts to IMA. Where that is not possible you may mail a
notarized copy. Please include your IMA member number with these documents.
Candidates for the CMA Certification must complete two continuous years of professional experience in management
accounting and/or financial management.
You may take the exam before meeting these two requirements and will need to complete these requirements within
seven years of passing the exam.
6. Compliance with the IMA Statement of Ethical Professional Practice
The IMA Statement on Ethical Professional Practice communicates the values and ethical standards that guide each
member's conduct in the workplace and throughout the examination process. The principles of the Statement are
tested on the CMA exams, and candidates are responsible for learning the Statement contents. Please find the pdf
here: http://tinyurl.com/cma-ethics
2
$330 per part if a candidate registers for both parts at the same time in the same testing window
Institute of Certified Management Accountants
CMA CURRICULUM AND FORMAT
CONTENT SPECIFICATION OVERVIEW
(Effective January 1, 2015)
The percentages below show the relative weight range given to each topic in each part.
The level designations indicate the depth and breadth of topic coverage in each part. A
detailed content specification outline can be downloaded from our website in the
certification section.
Part 1
Financial Reporting, Planning, Performance, and Control
A. External Financial Reporting Decisions
(15%) (Level C)
Preparation of financial statements: balance sheet, income statement, statement of
changes in equity, statement of cash flows; valuation of assets and liabilities; operating
and capital leases; impact of equity transactions; revenue recognition; income
measurement; major differences between U.S. GAAP and IFRS.
B. Planning, Budgeting and Forecasting
(30%) (Level C)
Strategic planning process; budgeting concepts; annual profit plans and supporting
schedules; types of budgets, including activity-based budgeting, project budgeting,
flexible budgeting; top-level planning and analysis; and forecasting, including
quantitative methods such as regression and learning curve analysis.
C. Performance Management
(20%) (Level C)
Factors to be analyzed for control and performance evaluation including revenues, costs,
profits, and investment in assets; variance analysis based on flexible budgets and standard
costs; responsibility accounting for revenue, cost, contribution and profit centers; key
performance indicators; and balanced scorecard.
D. Cost Management
(20%) (Level C)
Cost concepts, flows and terminology; alternative cost objectives; cost measurement
concepts; cost accumulation systems including job order costing, process costing, and
activity-based costing; overhead cost allocation; supply chain management and business
process performance topics such as lean manufacturing, ERP, theory of constraints, value
chain analysis, ABM, continuous improvement and efficient accounting processes.
E. Internal Controls
(15%) (Level C)
Corporate governance; internal control risk; internal control environment, procedures,
and standards; responsibility and authority for internal auditing; types of audits; assessing
the adequacy of the accounting information system controls; and business continuity
planning.
Part 2
Financial Decision Making
A. Financial Statement Analysis
(25%) (Level C)
Calculation and interpretation of financial ratios; evaluate performance utilizing multiple
ratios; market value vs. book value; profitability analysis; analytical issues including
impact of foreign operations, effects of changing prices and inflation, off-balance sheet
financing, and earnings quality.
B. Corporate Finance
(20%) (Level C)
Types of risk; including credit, foreign exchange, interest rate, market, and political risk;
capital instruments for long-term financing; initial and secondary public offerings;
dividend policy; cost of capital; working capital management; raising capital; managing
and financing working capital; mergers and acquisitions; and international finance.
C. Decision Analysis
(20%) (Level C)
Relevant data concepts; cost-volume-profit analysis; marginal analysis; make vs. buy
decisions; income tax implications for operational decision analysis; pricing
methodologies including market comparables, cost-based and value-based approaches.
D. Risk Management
(10%) (Level C)
Types of risk including business, hazard, financial, operational, strategic, legal
compliance and political risk; risk mitigation; risk management; risk analysis; and ERM.
E. Investment Decisions
(15%) (Level C)
Cash flow estimates; discounted cash flow concepts; net present value; internal rate of
return, discounted payback; payback; income tax implications for investment decisions;
risk analysis; and real options.
F. Professional Ethics
(10%) (Level C)
Ethical considerations for management accounting professionals and for the organization.
A detailed content spec is available from the ICMA or it can be downloaded from on our
website www.imanet.org/certification.