Quotes: 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

 


MENAFN Press




  MENA News Headlines
 Jul 30 2015 - Ooredoo revenue down to USD4.38b in H1MENAFN
(MENAFN) Telecom giant Oaredoo said it posted revenue of USD4.38 billion in the first half of the year, marking a drop of 3 percent from the revenue reported in the same period a year ago.The Qatari ...

 Jul 30 2015 - Israel seizes Palestinian land in W. Bank: OfficialThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Israeli authorities have announced the seizure of 15,000 dunams of Palestinian land near the West Bank city of Nablus, according to a Palestinian ...

 Jul 30 2015 - Regime attacks kill 32 across Syria: UK-based NGOThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) At least 32 civilians were killed on Tuesday when Syrian regime forces attacked opposition-held towns and villages across the war-torn country, the Syrian ...

 Jul 30 2015 - Turkey steps up fight against terrorist groupsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkish military's assault on terrorist groups has continued unabated with fighter jets pounding Kurdish militant groups in the southern part of the country ...

 Jul 30 2015 - German behind Somalia hotel attack: officialThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) A German citizen of Somali origin was behind Sunday's bomb attack on Jazeera Hotel in Somalia's capital Mogadishu that killed 15 people, a senior Somali ...

 Jul 30 2015 - Ä°ncirlik ready for operations against ISIL: SpokesmanThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkey's strategically placed Ä°ncirlik airbase in Adana is ready any time for airstrikes by coalition forces against the Islamic State of Iraq and the Levant ...

 Jul 30 2015 - ISIS poses threat to Balkans, ministers sayThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Interior ministers from the three Balkan countries held a meeting in Podgorica on Tuesday to discuss the threat from radical Islamist movements in the region ...

 Jul 30 2015 - UN chief condemns Israel for settlement expansionThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) UN Secretary-General Ban Ki-moon on Wednesday condemned Israel's recent moves to expand Jewish settlements in the occupied West Bank.Tel Aviv granted approval ...

 Jul 30 2015 - Kuwait- Al-Sabah And Al-Mutawah Rule FAST Straight Ace CompetitionArab Times
(MENAFN - Arab Times) It was another fun-filled shootout competition for the FASTKuwait team during which Humoud Al Sabah showed everyone how to shoot while moving. This gave him another title under ...

 Jul 30 2015 - Islamic State Recruits In Central AsiaArab Times
(MENAFN - Arab Times) Authorities in Central Asia's former Soviet "stans" are taking draconian measures to stamp out militant Islam, but their harsh methods and the absence of democratic politics ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help