Course Description
This comprehensive 15-day course prepares candidates for the CMA Part 1 exam, focusing on Financial Reporting, Planning, Performance, and Analytics. Participants will gain in-depth knowledge of external financial reporting, budgeting techniques, performance management, cost management, internal controls, and technology applications in finance.
Learning Objectives
- Understand and apply principles of external financial reporting and GAAP/IFRS standards
- Develop proficiency in planning, budgeting, and forecasting techniques
- Master performance management tools and metrics for effective decision-making
- Gain expertise in cost management strategies and internal control systems
- Learn to leverage technology and analytics for financial analysis and reporting
Course Modules
Day 1: Introduction to Financial Reporting
- Overview of financial statements
- GAAP and IFRS frameworks
- Recognition and measurement principles
- Financial statement analysis basics
Day 2: Advanced Financial Reporting
- Consolidated financial statements
- Segment reporting
- Disclosure requirements
- Integrated reporting concepts
Day 3: Planning and Budgeting Fundamentals
- Strategic planning process
- Budgeting methodologies
- Forecasting techniques
- Annual profit planning
Day 4: Advanced Budgeting and Forecasting
- Capital budgeting
- Cash flow projections
- Sensitivity analysis
- Rolling forecasts
Day 5: Performance Management Essentials
- Cost and variance analysis
- Flexible budgets
- Responsibility centers
- Transfer pricing
Day 6: Advanced Performance Management
- Balanced Scorecard
- Key Performance Indicators (KPIs)
- Return on Investment (ROI) analysis
- Economic Value Added (EVA)
Day 7: Cost Management Strategies
- Activity-Based Costing (ABC)
- Target costing
- Life-cycle costing
- Quality cost management
Day 8: Advanced Cost Management
- Lean accounting principles
- Theory of Constraints
- Supply chain cost management
- Environmental cost management
Day 9: Internal Controls Framework
- COSO framework
- Risk assessment techniques
- Control activities
- Monitoring procedures
Day 10: Advanced Internal Controls
- IT general controls
- Application controls
- Sarbanes-Oxley compliance
- Internal audit function
Day 11: Technology in Finance
- ERP systems
- Business intelligence tools
- Cloud computing in finance
- Cybersecurity for financial data
Day 12: Data Analytics in Finance
- Big data in financial analysis
- Predictive analytics
- Data visualization techniques
- Machine learning applications
Day 13: Emerging Topics in Financial Management
- Blockchain in finance
- Artificial Intelligence in accounting
- Robotic Process Automation (RPA)
- Sustainability reporting
Day 14: Case Studies and Practical Applications
- Financial reporting case studies
- Budgeting and forecasting exercises
- Performance management simulations
- Cost management scenarios
Day 15: Exam Preparation and Review
- Comprehensive review of key topics
- Exam-taking strategies
- Practice questions and mock exam
- Final Q&A session
Practical Wins for Participants
- Ability to prepare and analyze complex financial statements
- Proficiency in creating effective budgets and forecasts
- Skills to implement performance management systems
- Expertise in leveraging technology for financial analysis and reporting
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
