The all-new program that qualifies you for the globally recognised Certified Management Accountant (CMA) designation.
We have redeveloped the CMA program to make it even better. The program is now streamlined and focused on issues relevant to hands-on business analysts and financial management practitioners. We have added new materials on topics such as business valuation, risk management and lean operations and embedded extra opportunities for participants to practice the material being taught.
Our aim is to assist participants to be better equipped at providing decision-oriented information and financial analysis in a business or government environment. A range of case studies and practical exercises bring the theory to life and make the program a stimulating and enjoyable experience.
ABOUT ICMA (AUSTRALIA)
The Institute of Certified Management Accountants (ICMA) is a premier body of professionals practicing the science of management accounting. The ICMA is over 20-years old and was registered in 1996 under the Associations Incorporations Act 1981 (Vic.) with members entitled under its Rules to use the ‘Certified Management Accountant (CMA), post-nominal after their name. ICMA (Australia) has been offering the educational programmes in Australia, Asia and the UAE since 1998, and is accredited by the Commonwealth of Nations, the intergovernmental organisation of 52 sovereign states, including New Zealand and Fiji.
The CMA post-nominal is a Registered Trade Marks of the ICMA. True “recognition” is, however, only earned in the market. As a relatively new body (now in its second decade of operations), having just over 10,000 members (with over 2,500 CMAs), it is already well recognised in its niche market, as a specialist qualification for already qualified ‘generalist’ accountants who which pursue a professional qualification undertaking two advanced subjects at the Master’s Degree level. Its CMA education program now runs within a number of Master’s Degree programmes in numerous Australian and overseas universities.
WHY YOU SHOULD ENROL
- I am frequently called to the board room, to provide decision analyses, and I need a more robust approach to convince the board
- I need to be more inclusive in the global professional network to update myself with the latest development in the Management Accounting and Business Analysis fields
- I need a world-class title to be eligible to apply for high-ranked company positions.
- To become a member of ICMA Australia and get the globally recognised CMA designation.
- To have a gateway to a more successful business career with a significantly higher earning potential than non-certified peers globally.
- To be qualified for the titles ranging from Business Analyst, Financial Controller, Director Finance to CFO/CEO.
The 7-day full time intensive CMA program would give you the relevant skills and techniques to acquire and build quality business practices in today’s competitive market place. The CMA program is a World-class program that has been benchmarked as the best and most advanced Management Accounting program globally, and will allow you to earn greater credibility and be a passport both domestically and globally to a career as a strategic advisor and business partner. After the successful completion of the CMA program, you can establish yourself as a strategic operations-focused professional committed to lifelong learning and position yourself for long term success. You will also be part of a network of professional colleagues internationally and participate in international forums to discuss the issues that affect you today and in the future.
WHO SHOULD ATTEND?
- Any senior staff responsible for the provision of decision information in their organisation.
- Professional accountants (ACCA, GPA, CA,ICWA,ICSA or equivalent)
- Industrial and Services Accountants
- Business Analysts
- Financial Analysts & controllers
DOES THIS APPLY TO YOU?
- I am frequently called to the board room, to provide decision analyses, and I need a more robust approach to convince the board
- I need to be more inclusive in the global professional network to update myself with the latest development in the Management Accounting and Business Analysis fields
- I need a world-class title to be eligible to apply for high-ranked company positions.
ENTRY CRITERIA
The entry requirement for the course is a Degree in Accounting, Commerce or Finance, or an MBA (with accounting & finance subjects) from a recognised university or a Professional Qualification in Accounting. (NOTE: CMA membership requires the successful completion of the CMA Program and 5 years business experience).
PROGRAM
MODULE 1 – STRATEGIC COST MANAGEMENT
Day 1: 8.30 am to 5.00 pm (SCM)
Management Control Systems
Lean Manufacturing and Quality Control
Cost Accounting and Cost Management in a Lean Environment
Life Cycle Costing Systems
Day 2: 8.30 am to 5.00 pm (SCM)
Benchmarking
Activity Based Cost Allocation Systems
Customer Profitability Analysis
Process Control and Activity Based Management
Day 3: 8.30 am to 5.00 pm (SCM)
Implementing Cost Analysis and Control Systems
Strategic Performance Management Systems
Environmental and Social Management Accounting
Strategic Governance and the Strategic Audit
MODULE 2 – STRATEGIC BUSINESS ANALYSIS
Day 4: 8.30 am to 5.00 pm (SBA)
Strategic Thinking
Strategic Marketing Analysis and Budgeting
Financial Analysis in Product Portfolio Management
Day 5: 8.30 am to 5.00 pm (SBA)
Pricing Methods and Strategies
Financial Dimensions of Pricing in International Business Strategies
Promotion: Push Strategy and Human Resource Management
Day 6: 8.30 am to 5.00 pm (SBA)
Promotion: Pull Strategy and Integrated Communication
Supply Chain Management and the Place –Distribution Decision
Performance Valuation and Strategic Financial Structures
Day 7: 8.30 am to 5.00 pm (SBA)
Free Cash Flows and Strategic Value Analysis
Risk Management – Corporate Radar and Early Warning Systems
Strategic Scorecards and Key Performance Indicators