Certified Management Accountant (CMA) Part II

شهادة المحاسب الإداري المعتمد - الجزء الثاني

Objectives:

  • To analyze financial statements
  • To identify corporate finance practices
  • To identify the decision making process based on financial data
  • To prepare for the official CMAII exam

Topics:

SU 1: Basic Financial Statement Analysis

  • Common-size and trend analysis
  • Ratio categories and interpretation

SU 2: Financial Ratios

  • Liquidity, solvency, activity, profitability, market ratios
  • DuPont analysis framework

SU 3: Earnings Quality

  • Revenue recognition and expense analysis
  • Earnings quality assessment
  • Benchmarking vs. industry averages

SU 4: Types of Securities

SU 5: Financial Markets and Financing

SU 6: Valuation Methods and Cost of Capital

  • WACC, CAPM, marginal cost of capital

SU 7: Working Capital Management

  • Cash management
  • Receivables management
  • Inventory management
  • Liquidity management strategies

SU 8: Corporate Restructuring, International Trade, and Exchange Rates

  • Mergers, acquisitions, leveraged buyouts, divestitures
  • International trade financing methods
  • Exchange rates: systems, calculations, and factors
  • Exchange-rate risk mitigation strategies

SU 9: CVP Analysis

  • Breakeven analysis
  • Contribution margin and target income calculations
  • Multi-product CVP

SU 10: Marginal Analysis

  • Make-or-buy decisions
  • Special order decisions
  • Resource allocation under constraints

SU 11: Pricing Analysis

  • Cost-plus and market-based pricing
  • Sensitivity and scenario analysis
  • Decision trees

SU 12: Enterprise Risk Management (ERM)

  • COSO ERM framework
  • Risk identification and assessment

SU 13: Risk Types and Mitigation

  • Market, credit, operational, legal, reputational risks
  • Hedging: forwards, futures, options, swaps
  • Insurance and diversification strategies

SU 14: Ethical Considerations for Professionals

  • IMA Statement of Ethical Professional Practice
  • Fraud triangle and fraud risk model
  • Ethical decision-making framework

SU 15: Ethical Considerations for the Organization

  • Ethical culture and corporate governance
  • Handling conflicts of interest
  • Corporate social responsibility

SU 16: Capital Budgeting

  • NPV, IRR, Payback, Discounted Payback, Profitability Index
  • Conflicts among methods
  • Inflation and uncertainty in investment analysis

SU 17: Post-Audit of Capital Projects

  • Evaluation of investment effectiveness
  • Lessons learned and performance review
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