Certified Management Accountant (CMA) Part I

Posted on by Ritaj

Certified Management Accountant (CMA) Part I

Objectives:

Upon completion, the trainee will be better able to:
  1. To manage and analyze financial data to serve the decision-making process
  2. To utilize financial data for business appraisal
  3. To assess investments and valuate businesses
  4. To build up cost structures  

Topics:

  • Financial statements
  • Recognition, measurement, valuation, and disclosure
  • Strategic planning
  • Budgeting concepts
  • Forecasting techniques
  • Budgeting methodologies
  • Annual profit plan and supporting schedules
  • Top-level planning and analysis
  • Cost and variance measures
  • Responsibility centers and reporting segments
  • Performance measures
  • Measurement concepts
  • Costing systems
  • Overhead costs
  • Supply Chain Management
  • Business process improvement
  • Governance, risk, and compliance
  • Internal auditing
  • Systems controls and security measures
Facebook Twitter Instagram
To learn more fill the following form (English or Arabic) and a training consultant will call you:

Certified Internal Auditor (CIA) – Parts I, II & III

Posted on by Ritaj

Certified Internal Auditor (CIA) – Parts I, II & III

Objectives:

Upon completion, the trainee will be better able to:
  • To prepare for the CIA in the most efficient way
  • To learn about the tips of passing the exam
  • To manage time in order to cove the material
  • To prepare practically for the exam

Topics:

125 questions | 2.5 Hours (150 minutes)

The revised CIA exam Part 1 is well aligned with The IIA’s International Professional Practices Framework (IPPF) and includes six domains covering the foundation of internal auditing; independence and objectivity; proficiency and due professional care; quality assurance and improvement programs; governance, risk management, and control; and fraud risk. Part One tests candidates’ knowledge, skills, and abilities related to the International Standards for the Professional Practice of Internal Auditing, particularly the Attribute Standards (series 1000, 1100, 1200, and 1300) as well as Performance Standard 2100.​

The CIA exam Part 1 topics tested include:

  1. Foundations of Internal Auditing (15%)
  2. Independence and Objectivity (15%)
  3. Proficiency and Due Professional Care (18%)
  4. Quality Assurance and Improvement Program (7%)
  5. Governance, Risk Management, and Control (35%)
  6. Fraud Risks (10%)

100 questions | 2.0 Hours (120 minutes)

The CIA exam Part 2 includes four domains focused on managing the internal audit activity, planning the engagement, performing the engagement, and communicating engagement results and monitoring progress. Part 2 tests candidates’ knowledge, skills, and abilities particularly related to Performance Standards (series 2000, 2200, 2300, 2400, 2500, and 2600) and current internal audit practices.​

Domains   

  1. Managing the Internal Audit Activity (20%)
  2. Planning the Engagement (20%)
  3. Performing the Engagement (40%)
  4. Communicating Engagement Results and Monitoring Progress (20%)

100 questions | 2.0 Hours (120 minutes)

The CIA exam Part 3 includes four domains focused on business acumen, information security, information technology, and financial management. Part 3 is designed to test candidates’ knowledge, skills, and abilities particularly as they relate to these core business concepts. Domains           

  1. Business Acumen (35%)
  2. Information Security (25%)
  3. Information Technology (20%)
  4. Financial Management (20%)

Prerequisites

  1. Candidates must hold a bachelor’s degree or its equivalent from an accredited university or college.
  2. A CIA candidate must obtain a minimum of 24 months of internal auditing experience or its equivalent.
To learn more fill the following form (English or Arabic) and a training consultant will call you:

Facebook Twitter Instagram

Financial Management for NGOs (FMNGO)

Posted on by Ritaj

Financial Management for NGOs (FMNGO)

Objectives:

By the end of the training participants will be able to:
  • Understand the fundamental principles of finance to increase their planning, costing and budgeting skills
  • Understand the financial terminology and basic concepts
  • Handle dealings with the finance department at the organization
  • Problem-solve and improve the analytical skills in constructing rational approaches
  • Apply and evaluate financial information in a simulated case setting
  • Increase the ability to participate in financial decision making

Topics:

a.      Accounting principles

b.     Introduction to accounting and bookkeeping

c.      Basic financial reports

  • Project accounting cycle, complying with project management methodology in the organization
  • Fund accounting and donor management cycle
  • Project accounting cycle, complying with project management methodology in the organization
  • Statement of financial position accounts components
    1. Cash & cash equivalent accounts, preparing the bank reconciliations
    2. Contributions and grants receivables
    3. Other receivables
    4. Investments
    5. Inventories
    6. Fixed assets
    7. Intangible assets
    8. Accounts payable – short term
    9. Other payables
    10. Long term payables
    11. Loans accounting
    12. Reserves & restrictions
    13. Net assets: Temporarily restricted – unrestricted
  • Statement of financial activities accounts components
    • Unrestricted income
    • Income from operations
    • Other gains and losses
    • Restricted income
    • Cost of projects
    • Expenses
    • Net gain or loss, changes in net assets
  • Cash flow statement
  • Cost management – profit making segments
  • Budgeting and financial forecasting
  1. Performance analysis and reporting
  2. Break even analysis
  3. Basic financial ratios for NGOs
  1. Accounting systems structure
  2. ERP systems
  3. MS Excel basic formulas for accounting and finance
  • HR and payroll accounting
  • Procurement process accounting
  • Small production activities accounting
  • Financial procedures development, and rules in finance
  • Local tax law for NGOs
Facebook Twitter Instagram
To learn more fill the following form (English or Arabic) and a training consultant will call you: