Tag: CMA training Dubai

5 Time-Tested Ways to Improve Your CMA Exam Score

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Scoring the best grade in the CMA course is what every aspirant aims for. Although wholehearted preparation is the right approach, following tips, tricks and tested ways can improve your preparedness. Being an experienced academy offering CMA courses in Dubai for years, we can help you succeed in the exam scoring the best marks.

Here are 5 time-tested ways to improve your CMA exam score. We tabulated these techniques after evaluating the changing scenarios, exam patterns, and growing popularity of the CMA course keenly.

1. Understand the Concepts and Imbibe Those, Rather than Just memorizing

The CMA exam consists of 75% of multiple-choice questions. Viewing this exam pattern, many students believe it would be better to memorize the questions. It is not. Memorizing the answers is not going to help you score. The CMA exam evaluates the candidate’s understanding of the core concepts. Therefore, you may not find the same or similar questions as in the practice materials. The experts preparing the exam questions can change the format or style to trick the students. To assess their capability.

If you are a CMA aspirant, dreaming to score the best marks, you must learn each topic thoroughly. The tutors offering CMA courses in Dubai also would be reiterating the same thing to you. A complete and thorough knowledge of the subject is what can get you exemplary grades.

2. Practice is the Mainstay of CMA Preparation

360 out of 500 is the pass mark for CMA. That means you should get at least 72% of the marks even to qualify for the exam. This is not possible without having a deep knowledge of the subject. As you might know, the CMA question paper consists of 75% of multiple-choice questions and 25% of essay-type questions. One can attend the essay part only if he or she scores a minimum of 50% of the marks in the MCQ section.

Considering this factor, students normally give more priority to multiple-choice questions. Eventually missing out on preparing properly for the essay part. Note that, both sections are equally important. You need to practice previous years’ question papers, attend mock tests, and undertake repeated revisions to ensure perfect preparation for the CMA exam.

3. Attend All the Questions

You might be wondering reading this point. The first concern one would have would be about the negative marks on the exam. There is no negative marking in the CMA exam! You can answer all the questions, even if you are not sure about their accuracy. Go ahead and attend all the questions.

Instead of attending to the questions blindly, we suggest you think and try to recall the answers. For all those questions, for which you are not sure about the answers.

4. Attend Difficult Questions at the End

Attend the questions that you are not sure about, at the end. Do not waste time trying to remember the answers. Return to those difficult questions only when you have covered all the questions. Moreover, you are free to change the answers if your instinct says that the answer you picked the first time is not correct.

We would like to add another important thing. You must read all the questions carefully before answering. Never hurry through the questions. You might end up doing a blunder.

5. Utilize Time Effectively

Strategize the CMA exam, with the help of your tutors offering CMA courses in Dubai. Utilize the time effectively and attend to all the questions. Mock tests would be useful for ascertaining the time required, as well as, planning it effectively.

For more guidance on the CMA course and CMA exam, call us.

What is the job profile of a certified management accountant (CMA)?

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The Certified Management Accountant or CMA is a professional with in-depth knowledge of accounting, business management, and strategic aspects. Renowned across the world, the CMA course is conducted by the Institute of Management Accountants (IMA), USA. You need to join professional academies offering CMA courses to crack this tough exam.

A CMA course comprises two-stage exams and post-detailed classes on subjects related to accounting and management. Extensive job opportunities sans boundaries are what makes the CMA course an attractive one. Those with CMA qualifications can opt to join any company located in any part of the world. The name and fame of CMA make it the first thing an employer looks for.

We have been offering CMA courses in Dubai for years and acting as a pivotal factor behind the success of many aspirants.

Roles of Certified Management Accountant (CMA)

A management accountant with a CMA certification has a much higher chance of getting selected by the companies. The organizations and multinational entities understand the capabilities a CMA-qualified professional possesses.

As a certified management accountant, the person will have several responsibilities. Quite naturally the payment, the status, and the position of the employee also go up. A key person in financial decision-making, the CMA will have a close association with the top management of the company.

The responsibilities of a certified management accountant include:

  • Cost Management: The complete management of finances to prevent budget overheads is the responsibility of the CMA. That is why CMA courses focus on providing detailed info on the cost accounting and management processes. Analysis of the financial status and assessment of the probable expenditure is undertaken by the certified management accountant of a company.
  • Performance Management: As a CMA, you would be ascertaining the performances of different teams and offering inputs to improve productivity. Enhanced productivity means increased profit. Therefore, the certified management accountant’s performance management has a crucial role in a firm.
  • Decision on Investments: Companies would be looking for investments, expansion, and the introduction of new features. All of these have financial implications. Therefore, a certified management accountant would be studying the prospects and guiding the management accordingly.
  • Financial Control & Reporting: Controlling the expenses and reporting necessary measures to minimize the expenditure are the duty of a certified management accountant. If you join a CMA course in Dubai or any other place, one of the most important topics taught is financial control and reporting.
  • Planning & Budgeting: The company can face unforeseen setbacks if it is going ahead without a proper plan. A definite plan along with an accurate budget calculation is vital for the existence as well as the growth of a firm.

Becoming a CMA is the best way to change your life and become successful. Connect with us for CMA courses in Dubai.

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.