Tag: CMA certification UAE

Future scope and opportunities of CMA in 2023

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Certified Management Accountants (CMA) have been the mainstay of multinational companies and prominent organizations. The job prospects of candidates with CMA certification have been increasing over the years. The year 2023 brings bright career opportunities for CMA candidates. Perhaps many students have understood this fact, those joining CMA courses in Dubai have shown an increasing trend.

You might require comprehensive preparation for the CMA exam. Otherwise, it would become a herculean task to qualify for the intricate CMA certification process. Get in touch with us if you are looking for a CMA course in Dubai. Let’s look into the future scope and opportunities of CMA in 2023 if you are ambiguous about joining the CMA course.

What is the Role of a CMA in a Company?

CMA is a highly responsible professional dealing with the financial aspects of an entity. The CMA’s performance has direct implications on the company’s economic development, decision-making, and strategy planning. Therefore, the management would handpick a CMA-certified professional only after meticulous evaluation. Nevertheless, once he or she becomes part of the company the Certified Management Accountant has a prominent role to play.

Accounting and Cost Management – A CMA professional is entrusted with the responsibility of planning the budget, forecasting expenditures and receivables, and controlling the budget overhead. A CMA would focus on increasing profit by reducing expenditure and instituting productive measures.

Guiding the Team for Better Productivity – Performance management in other terms is a prime responsibility of a CMA in the company. Identifying the processes that consume more energy, time, and money would introduce corrective actions. Similarly, the performance of the team members would be evaluated based on the established yardsticks. Corrective actions would be taken to eliminate the lacunae.

Decision-making for Investments and Expansion Plans – A CMA would study the investment options and identify the one that would yield the best return. The guidance based on the analysis would aid the company in decision-making on the investment plans. Further, the entity can also go ahead with expansion plans with the accurate budget data provided by the CMA. CMA courses in Dubai would enable the aspirant to qualify for the CMA exam and shoulder such higher responsibilities.

The other roles of a CMA-certified professional in a company include profitability analysis and reporting, internal controls, investment decisions, financial controls, planning, budgeting, and forecasting.

Career Prospects of CMA in 2023

The CMA course is undoubtedly one of the best career paths in 2023. The demand for CMA graduates has been increasing in the domestic and international sectors for quite some time. The fact to note here is that companies or employers are facing an acute shortage of well-qualified CMA professionals. That is why CMA courses in Dubai and other regions have been witnessing a high influx of students.

The CMA certification opens up boundless opportunities literally. Candidates can opt for private or public sector jobs, both in the domestic arena and abroad. The job opportunities at CMA include:

  • Costing manager
  • Cost accountant
  • Junior finance associate
  • Finance Analyst
  • Financial controller·        
  • Corporate controller

The areas where a professional with CMA certification is necessary are finance, management, accounting, and research. As evident, these are the key areas for the sustenance and growth of a firm or organization. Making CMA candidates a vital part.

The Conclusion

You are at the right place if you are thinking to pursue a CMA course in Dubai. Your Own has been successful in helping students to qualify for CMA courses quite excellently. We are proud to be the instrumental factor behind their growth as an individual. You would find Your Own alumni at significant positions in many prominent firms.

We invite you to join us for CMA Coaching in Dubai. We assure you of the best coaching. For more info, 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.