Tag: CMA certification Dubai

4 Key strategies to Prepare for Your CMA Exam Day

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The CMA exam requires focused preparation and practice. Instead of thinking to study everything by yourself, you must join the CMA course in Dubai at a proven academy. This is the most productive method to perform well in the exam. Here are the 4 key strategies to prepare for the CMA exam.

You are welcome to discuss the strategies, coaching, and preparation methods for CMA with our expert tutors. Offering CMA courses successfully for years, we have been one of the most chosen CMA coaching centers in Dubai.

1. Prepare a timetable for CMA exam preparation

A systematic approach is what distinguishes a successful person from an unsuccessful one. Rather than just studying day and night, you must prepare a CMA preparation schedule. The time allotted for each topic should be based on the importance and difficulty level. Feedback from the tutors providing the CMA course would be useful in identifying the area where you lag.

The preparation schedule should not cause stress to you. Therefore, it has to be prepared with due consideration for relaxation. The timetable may be divided into small segments. Long hours of sitting will make you tired and may cause laziness.

2. Choose the Best Guides and References

Do not go for all the textbooks and references for CMA. It can only add to your confusion. The professional tutors providing CMA courses in Dubai would suggest the right books for the exam. Preparing from those would be ideal for cracking the CMA exam with the best grades.

You may think referring to as many books might be useful. In fact, the confusion elevates when you are surrounded by more books than required. Consequently, you may lose confidence, which might affect your performance in the CMA exam negatively.

3. As many revisions as possible

Beginning the CMA exam preparation at the earliest, undergoing the CMA course meticulously, and completing the studies well before the exam is important. Then only you can expect enough time for revisions. The topics would get cemented into your brain with the revisions. A schedule has to be formulated for revisions as well. That would be of great use for preparing perfectly for the CMA exam.    

4.     Attending mock tests

Mock tests are of paramount importance not only for the CMA exam but also for any competitive exam. It would give a clear idea about the real exam. You can prepare the exam strategy with the help of expert tutors offering CMA courses in Dubai. Thus, improving the performance during the exam phenomenally.

Moreover, mock tests would enhance confidence. Many a time, the candidates go down in performance owing to the tension and fear of failure. Mock tests are mandatory are a must for overcoming such issues.

The Tail End

CMA exam preparation needs a systematic approach, supported by proficient teachers. You can expect a massive difference when the specialized tutors are mentoring, guiding, and supporting you. We would suggest you reach out to Your Own to knowing more about the CMA exam, CMA courses, and other related aspects. We would be happy to support you with the right guidance.

To discuss more regarding the CMA exam and joining the CMA course in Dubai, call us now.

How to become a certified management accountant: Step-by-Step Guide

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Certified Management Accountant or CMA is a reputed and widely recognized qualification that offers promising career prospects. Many think that CMA is a complex one to complete. Obviously, this (wrong) concept deters them from joining the CMA course in Dubai or any other region.

We are expecting this step-by-step guide on the CMA course to offer better insight regarding it. The 10-point guide we have prepared would be useful in understanding the exclusive aspects of the CMA course.

1. Educational Qualification to Join the CMA Course

You must be a graduate to join the CMA course in Dubai (or any place in the world).  At the same time, there are no specifications regarding the stream. Nonetheless, most of the CMA aspirants are from accounting, finance, economics, and general business. You are free to join the course even if you haven’t received your bachelor’s degree yet. Although it is a personal choice purely, we suggest you discuss it with our professionals before deciding upon the same.

2. Become an IMA Member

You need to pay a nominal fee and become an IMA member. The membership offers extensive availability of resources around the world. By exploring those, you can enhance your capabilities and knowledge level. Different types of IMA memberships are available viz. IMA Professional Membership, IMA Student Membership, IMA Academic Membership, and Staff Enrolment Discount Program.

3. CMA Program in Dubai

Joining the CMA course in Dubai is the next step in this journey. For this, you must pay the entrance fee which varies depending on the type of membership. You must be sure about the decision to join the program. The CMA course is not an easy one to complete and you are supposed to clear CMA Part I and CMA Part II in 03 years. Failing that, you will have to pay the entrance fee again.

4. Joining a CMA Review Course Program Would be Ideal

The reputed firms providing CMA courses in Dubai would offer CMA review courses as well. The comprehensive course offers excellent help in preparing for the CMA exam.

5. Plan and Prepare for the CMA Exam

Preparing a formulated timetable for CMA preparation would be useful for covering all the topics meticulously. Our expert teachers would not only provide excellent CMA coaching but also would help you in preparing the timetable.

6. Register for the CMA Exam

Once you reached the required level, register for the CMA exam. The institute where you are undergoing the CMA course would guide you in this regard. Note that the CMA exam happens three times a year. Register before the exam registration window closes:

  • January or February
  • May or June
  • September or October

7. CMA Exam

The computer-based CMA exam is of a four-hour duration. The first three hours are for multiple-choice questions and the fourth hour is for answering two essay-type questions. Even though you can choose to appear in CMA Paper I and CMA Paper II in the same exam window, it might be better to attend the exams separately.

8. Mandatory 02 Year Experience

You must have two years of professional experience for becoming an approved CMA. Completing the CMA course is not the end of the journey after all. You can gain this qualification, by joining a professional firm, within seven years of completing the CMA course in Dubai and passing the exam.

9. CMA Certification

CMA certificate is issued by IMA. The application for the CMA certificate has to be forwarded to IMA, along with all the documents proving your educational qualifications, and professional experience.

10. Continuing Professional Education (CPE)

CPE is a mandatory requirement for maintaining the CMA membership valid. CMAs should comply with at least 30 hours of CPE every year. And the document indicating the same has to be kept safe, for verification by the authority if required.

Do you still have doubts regarding the CMA course in Dubai?

Reach out to us right away.

Why Become a CMA: 5 Tangible Benefits for Your Accounting Career

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A Certified Management Accountant (CMA) is a professional with in-depth knowledge of the intricate elements of accounting. Their versatility and expertise offer phenomenal benefits to the organization. That is why most of the companies prefer candidates with CMA certification in Dubai. It is important to undergo the CMA course at a proficient academy. For that is not a simple thing to qualify this specialized course.

A sea of opportunities awaits those who have qualified for the CMA courses in Dubai. Some of the career options available for CMA-qualified candidates are:

  • Senior Accountant
  • Accounts Controller
  • Budget Analyst and Planner
  • Financial Officer
  • Auditor
  • Chief Financial Controller
  • Chief Finance Officer
  • Treasure
  • Chief Accountant

5 Benefits of Becoming a CMA

Let’s see the top 5 benefits of becoming a CMA:

  1. CMA qualification simply reflects the skill and knowledge you possess. Considered the gold standard in management accounting, the CMA certification will keep you above the other candidates. Having this qualification will ease your entry into the elite business organizations in the world.
  2. The qualification you earn with the CMA course will enable you to earn a job anywhere in the world. Earlier recognized only by the top entities in the UK and the US, the CMA certification nowadays is recognized by almost all the developed and developing countries. Hence, you will have boundless opportunities once you have earned certification after the CMA course in Dubai.
  3. The CMA certification will offer you high-paying jobs. Income is of paramount importance after all. The initial salary of a CMA-qualified professional itself is higher than a non-qualified one. Expected to be high-performer, the companies offer highly responsible jobs to those with CMA certification in Dubai and other regions around the globe.
  4. Practical skills and a pragmatic attitude make CMA professionals different from others. They know how to go about a specific plan. Instituting corrective measures, to prevent any stalemate or complications. Organizations also know about these characteristics that are ensured by CMA courses in Dubai and other places. This approach is helpful for companies to garner better growth and improve productivity. Instead of getting confused when something unforeseen occurs, the CMA course qualified professionals will brainstorm and find the best way forward.
  5. The CMA course conducted by IMA is comprehensive in nature. It considers all the aspects related to management and accounting. Therefore, the professionals will be able to function both as management experts and accounting professionals. Further, the course is simple and straight for those passionate to qualify without any hassle.

CMA course in Dubai is the right step towards a promising career. You may check out the course details and decide upon joining the course. For more info, you may drop us a message.

Certified Management Accountant (CMA): All You Need to Know

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Certified Management Accountant, abbreviated as CMA, is a distinctive professional certificate which is awarded by the Institute of Management Accountants (IMA). In order to attain this certification, CMA candidates need to demonstrate ability in financial planning, financial analysis, organizational decision support, and professional ethics. Once it is done, then they are competent accounting professionals who are suitable for various rewarding roles and positions that necessitate these advanced financial management skills. Professionals with CMA certification can work in corporate financial accounting and strategic management. CMAs also specialize in management and executive-level duties. They are also responsible for analyzing budgets and assisting companies in making conversant strategic business decisions.

CMA Requirements

It is very important that the prospective CMA candidates follow the regulations set by the IMA. The CMA certification course must be completed through IMA and you also need to fulfill all the CMA requirements. The candidates aspiring to take the CMA Certification Course must hold an active IMA membership. Note that all CMA program enrollees are eligible for IMA membership. Aspiring candidates for CMA also need to pass a two-part exam and follow IMA’s code of professional ethics.

Education and training requirements

An aspiring CMA candidate should hold a bachelor’s degree from an accredited college or a professional certification approved by IMA. Any non-accredited degrees will be evaluated by an independent agency.

Those CMA candidates who hold bachelor’s degrees should get their official transcripts emailed directly to IMA.  Those who have completed professional certifications may submit a request to the certifying organizations to email official letters to IMA directly.

Professional requirements

CMA candidates should have work experience for at least two straight years in management accounting or financial management. It would be an added advantage if the professional experience was full-time. Also, those candidates who have worked at least 20 hours per week in continuous, part-time roles can apply their experience to the certified management accountant requirements. When it comes to part-time experience, it is counted at a rate of one year for every two years worked.

Candidates attending the CMA exam can attempt parts one and two in any order. Find each part and break them down as follows:

  • Part One: financial planning, performance, and analytics
    • External financial reporting decisions (15%)
    • Planning, budgeting, and forecasting (20%)
    • Performance management (20%)
    • Cost management (15%)
    • Internal controls (15%)
    • Technology and analytics (15%)
  • Part Two: strategic financial management
    • Financial statement analysis (20%)
    • Corporate finance (20%)
    • Decision analysis (25%)
    • Risk management (10%)Investment
    • decisions (10%)
    • Professional ethics (15%)

It takes 4 hours to complete each exam part, which includes 100 multiple-choice questions and two 30-minute essays. The test-takers cannot go back after completing and exiting the multiple-choice section. The essay questions are accessed by the candidates either after completing the multiple-choice section or after three hours, depending on which comes first.

A professional who wants to work in corporate financial accounting and strategic management settings and is planning to get CMA certification in Dubai can enroll in the CMA Course in Dubai offered by YourOwn Education. The teaching faculty at YourOwn are well-experienced industry experts. Learn from the case studies and become a successful strategic business partner and effective financial manager.

What are the benefits of doing CMA certification?

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Certified Management accountant certification abbreviated as CMA course is a professional certification in the field of accounting and financial management. CMA certification Dubai will help you to enhance your career in the financial, accounting, or business industry through higher pay, better job opportunities, and many other benefits.

There are several benefits attached to CMA Course Dubai which are unique and substantial. The first and foremost advantage is that it offers professional growth – CMA certification Dubai helps in broadening your knowledge in the management and accounting sector and helps you to have a unique positioning among your associates. Your accounting experience tagged along with additional knowledge acquired through CMA Course Dubai helps you to have a versatile solid career.

Enhances financial knowledge and skills- Generally, accountants who pursue CMA certification in Dubai are passionate about the field of accounting and finance. Obtaining the CMA title necessitates a systematic and meticulous knowledge of management accounting processes, tapping these principles into practice will allow the transferable skills. A CMA’s responsibilities are more elaborate than a normal accountant. Accomplishing tasks namely budget analysis and planning, decisions on making key investments and risk management in the daily task which will help in expanding the professional skills or capabilities.

International accreditation– When other accounting certifications need retesting to be accredited in other countries, the CMA Course has global recognition. Passing the CMA Courses two sections give you international career opportunities.

Bolsters employment value- During the CMA course in Dubai, a candidate is trained to have better knowledge and understanding of business, finance, and accounts. So, when some tasks are assigned to you, you clearly understand the logic behind them and find methods and logic to do it effectively which provides complete and better results than expected. In short, you will be given more value as an employee or as an associate and will always get your due appreciation from your employers and colleagues.

If you are planning to pursue further or global career opportunities or enhance your knowledge in accounting and finance, YourOwn education can help you with it. Enrol for CMA certification course in Dubai with YourOwn. YourOwn assists the candidates in honing their key decision making and strategic thought processes.

What is the job scope of CMA qualification?

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Certified Management Accountant abbreviated as (CMA) is the highest-profile certification in management accounting which provides a greater value acknowledgement for accountants and financial professionals around the world. The certification is awarded by IMA or Institute of Management Accounts, the USA. Getting a CMA Certification Courses in Dubai will help an individual to enhance their career advancement and help you explore other nuances in your management accounting profession.

After the CMA Training Courses in Dubai, you need to attend the CMA exam curriculum which includes 2 exams that use a few of the most advanced testing methods to test the aspirants in the management accounting field around the globe. As mentioned above, the CMA Exams are administered and recognized by IMA, which is regarded as the world’s major management accounting body. After the successful clearing of 2 CMA exams, the IMA offers membership to all the qualified professionals, which will further help you to boost your career. 

The exam patterns CMA Certification Courses in Dubai are as below: 

PART-1: Financial Reporting

  • Planning, Performance & Control
  • External Financial Reporting Decisions (15%)
  • Planning, Budgeting, & Forecasting (30%)
  • Performance Management (20%)
  • Cost Management (20%)
  • Internal Controls (15%)

PART-2: Financial Decision Making

  • Financial Statement Analysis (25%)
  • Corporate Finance (20%)
  • Decision Analysis (20%)
  • Risk Management (10%)
  • Investment Decisions (15%)
  • Professional Ethics (10%)

Benefits 

There are several benefits tagged along with CMA Certification Courses in Dubai, few include- 

  • Exploring new career Avenues
  • Global Recognition and International qualification
  • Inculcates in-depth knowledge about Management Accounting, Finance, Business Economics and all the Management concepts which are imperative for any business professional across the world
  • Can be a part of the CPA and CMA network
  • More professional and personal growth opportunities

Education Level and Course duration 

Graduation Degree from a recognized university with 2 years of professional experience. Students who pursue graduation can also apply with certain conditions prescribed by IMA. The duration of the CMA course is flexible. This means that the time taken to complete the CMA programme depends on a candidate’s level of focus and dedication. The course can be completed within 6 months to 4 years. As per IMA guidelines, a CMA aspirant should take or complete the exams within 3 years from the date of registration.

Based in Dubai, YourOwn education institute provides the best CMA Training Courses in Dubai. Apart from training the aspirants on the regular CMA curriculum, YourOwn also helps the students in sharpening their key decision making and strategic thought processes. We offer CMA Certification Courses in Dubai as online and offline classes which gives the students extra attention. The faculty at YourOwn are well experienced and have global work experience.