Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

ICMA Updates CMA Exam to Reflect Evolving Role of Management Accountants  Join our daily free Newsletter

MENAFN Press - 10/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) ICMA (Institute of Certified Management Accountants), the certification division of IMA (Institute of Management Accountants), has updated the exam for its CMA (Certified Management Accountant) credentials to include content related to financial reporting and strategic planning; skills that are increasingly important for management accountants as their roles evolve. The revisions are based on a recent Job Analysis Study that polled CFOs, controllers and other accounting/finance professionals from the Middle East and around the world.



The study revealed that the three most important subject areas for management accountants are financial reporting, planning, budgeting and forecasting and performance management. The purpose of the study was to identify the knowledge, skills and tasks currently needed by management accountants. The update is part of an ongoing process by IMA to ensure exam content is current, relevant and valid



Dennis Whitney, CMA, CFM, CAE, ICMA (Institute of Certified Management Accountants) senior vice president said: "As the roles of CFOs and their teams evolve due to external factors such as developments in technology and globalization, it is essential that we develop the CMA to ensure that it remains the most relevant assessment for management accounts, and equips them with the correct skills to serve their organisations to the highest possible standards. Speaking directly with CFOs and accounting professionals around the world means we are able to fully understand the developments that need to be made, from the people directly practicing these skills.



The changes in the CMA exam will affect approximately 10 percent of the exam content. It will remain as two four-hour parts, and each part will include 100 multiple-choice questions and two 30-minute essay questions. Part one of the CMA exam will be renamed 'Financial Reporting, Planning, Performance and Control, and will include a new content domain 'External Financial Reporting Decisions' and a new subdomain 'Strategic Planning'. In addition to this, part two will include topics related to Corporate Restructuring and Fraud. These updates will take effect in January 2015 (March 2015 for the Chinese language version).


About IMA® (Institute of Management Accountants)
IMA, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA (Certified Management Accountant) program, continuing education, networking and advocacy of the highest ethical business practices. IMA has a global network of more 20,000 CMA members in more than 100 countries and 300 local professional and student chapters. IMA provides localized services through its offices in Montvale, N.J., USA; Zurich, Switzerland; Dubai, UAE; and Beijing, China. For more information about IMA, please visit www.imanet.org.For further information, please contact:Natalia AbboudIMA Middle East971 4 4296017nabboud@imanet.orgTameem AlkintarASDA'A Burson-Marsteller971 4 4507 600Tameem.alkintar@bm.com

 






  MENA News Headlines
 Aug 29 2014 - Flydubai announces 3 new routes to East AfricaMENAFN
(MENAFN) Flydubai announced the addition of three new East African routes, bringing the total number of destinations in the airline's network to 80, Khaleej Times reported.The launch of the new ...

 Aug 29 2014 - UAE's Danube posts 16% sales growth in H1MENAFN
(MENAFN) Danube Group announced it achieved a continuous sales growth of 16 percent in January-June period, due to the launch of their real estate division, Danube Properties and the re-branding of ...

 Aug 29 2014 - US equity firm set to buy stakes at Dubai's GEMSMENAFN
(MENAFN) Blackstone Group LP, a New York-based private equity firm, is close to a deal to acquire a minority stake in Dubai's GEMS Education, marking its first investment in the Middle East, Arabian ...

 Aug 29 2014 - Burger King's new acquisition will not have effect on ME operationsMENAFN
(MENAFN) Burger King's acquisition of Tim Horton's will not have an effect on the fast food chain's operations in the Middle East, Gulf News reported.According to a statement by Burger King, the ...

 Aug 29 2014 - Harnessing Social Learning ExperienceNew Technology Launches TodayMENAFN Press
(MENAFN Press) The new social learning platform — altoconnect — from the learning technology provider Commelius Solutions has launched today.London UK (August 27 2014) — The new social ...

 Aug 29 2014 - INMEX and SMM India Global exhibition organizers join forces to launch Indian subcontinents largest maritime eventINMEX SMM IndiaMENAFN Press
(MENAFN Press) INmex & SMM join handsTaking advantage of the expected growth the Indian maritime industry is set to witness over the next six years Informa Exhibitions organizers of INMEX ...

 Aug 28 2014 - New Garcinia Cambogia Extract Whole Body Review By Top Doctors Like Dr OZ Website Launched For Weight Loss and Diet Management And Side Effects InfoMENAFN Press
(MENAFN Press) Palm Bay, U.S. – /PressCable/ - Satisfied Customer Review and TestimonialEver since it was recently introduced to the world on the Dr. Oz television program Garcinia Cambogia has ...

 Aug 28 2014 - The Diabetes Protocol ReviewCan Dr.Pullmans Treatment Really Reverse DiabetesMENAFN Press
(MENAFN Press) Read this honest review of Dr. Pullman's eBook and reveal how effective is this diabetes treatment. Additionally find out if this will be a risk investment or not? Here is the good ...

 Aug 28 2014 - Ronn LucasVentriloquism Fun Facts Weekly SpecialMENAFN Press
(MENAFN Press) Celebrity Dummies serves as the largest seller of ventriloquist dummies in the area of Tampa FL nowadays. The company is well known in the different parts of the country at the ...

 Aug 28 2014 - Micronized Chlorella 038 BiorayHelping Kids Reach Their Full Potential!MENAFN Press
(MENAFN Press) Environmental hazards may operate to harm a developmentally dynamic child by mechanisms that do not operate in the adult.— World Health OrganizationPound for pound kids absorb more ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help