CMA Final  Overview

 

CMA- certified professionals work inside organizations of all sizes, industries, and types, including manufacturing and services, public and private enterprises, not-for-profit organizations, academic institutions, government entities, and multinational corporations.

What are the course objectives?
  • To develop the area of management accounting as a recognized profession by identifying the role of the management accountant in the field of risk management, internal decision making, planning and cost management, budgeting etc.
  • To administer a certification designed to validate competence and practical skills of accountants employed by today’s dynamic business entities.
  • To set minimum criteria in measuring academic standards in the field of management accounting.
  • To embolden management accountants to keep abreast of the changing conditions in the global business environment and pursue continuing professional development.
Who should enroll for this training?

The CMA program lets you proceed at your own pace. You can earn a CMA in just six months or over 3 years. Busy professionals will find the CMA program to be time-efficient.

Who will benefit from this course?

The CMA is an advanced professional certification specifically designed to measure the critical accounting and financial management skills. This is especially relevant for success in a business environment. Here are some tangible benefits you can get after becoming a CMA.

CMA Final Course Syllabus:

13 –  Corporate Laws & Compliance

SECTION A: COMPANIES ACT

  • The Companies Act, 2013

SECTION B: OTHER CORPORATE LAWS

  • SEBI Laws and Regulations
  • The Competition Act,2002 and its role in Corporate Governance
  • Foreign Exchange Management Act,1999
  • Laws related to Banking Sector
  • Laws related to Insurance Sector

SECTION C: CORPORATE GOVERNANCE

  • Corporate Governance
  • Social, Environmental and Economic Responsibilities of Business

14 – Strategic Financial Management

Section A : Investment Decisions

  • Investment Decisions, Project Planning and Control
  • Evaluation of proposals for Investment decisions
  • Leasing Decisions

Section B : Financial Markets and Institutions

  • Institutions in Financial Markets
  • Instruments in Financial Markets
  • Capital Markets
  • Commodity Exchange

Section C : Security Analysis and Portfolio Management 

  • Security Analysis & Portfolio Management

Section D : Financial Risk Management

  • Financial Risks & Management
  • Financial Derivatives – Instruments for Risk Management
  • Financial Risk Management in International Operations

15 – Strategic Cost Management – Decision Making

SECTION A: COST MANAGEMENT

  •  Cost Management

SECTION B: STRATEGIC COST MANAGEMENT TOOLS AND TECHNIQUES

  • Decision Making techniques
  • Standard Costing in Profit Planning
  • Activity Based Cost Management – JIT and ERP
  • Cost of Quality and Total Quality Management

SECTION C: STRATEGIC COST MANAGEMENT – APPLICATION OF
STATISTICAL TECHNIQUES IN BUSINESS DECISIONS.

  • Application of Operation Research and Statistical Tools in Strategic
    Decision Making

16 – Direct Tax Laws and International Taxation

Section A : Advanced Direct Tax Laws

  • Return of Income & Assessment Procedure
  • Assessment of Various Entities & Tax Planning
  • Clubbing of Income
  • Set-Off and Carry forward and Set-off of losses
  • Deduction in Computing Total Income
  • Business Restructuring
  • Administrative procedures under Direct Taxation
  • Grievances Redressal Procedure
  • Settlement of Cases
  • Black Money Act, 2015

Section B : International Taxation

  • Double Taxation Avoidance Agreements (DTAA)
  • Transfer Pricing Issues

Section C : Tax Practice and Procedures

  • Case Study Analysis

GROUP – IV

17 –  CORPORATE FINANCIAL REPORTING

Section A : GAAP and Accounting Standards

  • Accounting Standards

Section B: Accounting of Business Combinations & Restructuring

  • Accounting of Business Combinations & Restructuring

Section C : Consolidated Financial Statements

  • Group Financial Statements

Section D: Developments in Financial Reporting

  • Recent Trends in Financial Reporting
  •  Valuation, Accounting and Reporting of Financial Instruments and others
  • Share based payments
  • Reporting through XBRL (Extended Business Reporting Language)

Section E: Government Accounting in India

  • Government Accounting Procedure and Standards

18: Indirect Tax Laws and Practice

Section A : Advanced Indirect Tax – Laws & Practice

  • Central Excise 20%
  • Customs law 10%
  • Service tax 30%
  • Foreign Trade Policy (with special reference to Tax
    Planning) 10%
  • Central Sales Tax & Value Added Tax 10%

Section B : Tax Practice and Procedures

  • Case study analysis 20%

19 – COST AND MANAGEMENT AUDIT

Section A: Cost Audit

  • Nature, Scope, utility and Advantages of Cost Audit
  • Companies (Cost Records & Audit) Rules,2014
  • Professional Ethics, Misconduct, Offences and Penalties
  • Cost Accounting Standards
  • Cost Auditing and Assurance Standards
  • Format of Cost Audit Report – XBRL – Salient Features

Section B: Management Audit

  • Management Reporting issues under Cost Audit
  • Management Audit – Meaning, Nature, Scope etc
  • Energy Audit, Efficiency Audit, Propriety Audit and Systems Audit
  • Evaluation of Corporate Image – Corporate Development Audit –
  • Impact of environmental pollution

Section C: Internal Audit, Operational Audit and other related issues

  • Concept of Internal Audit
  • Provisions of Internal Audit under Companies Act, 2013
  • Audit Planning, Audit Programme, Audit working papers
  • Receivables Audit, Audit of services and local bodies

Section D: Case Study on Performance Analysis

20 – Strategic Performance Management and Business Valuation

Section A : Strategic Performance Management

  •  Conceptual Framework of Performance Management
  • Performance Evaluation & Improvement Tools
  • Economic efficiency of the firm— Impact analysis on Performance
  • Enterprise Risk Management

Section B : Business Valuation

  • Business Valuation Basics
  • Valuation in Mergers and Acquisitions
  • Fair Value in Accounting Measurement
  • Valuation of Intangibles

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Students Reviews

I have gained extensive knowledge in accounting & finance through this Institute. The faculty and placement team is totally dedicated and provided extensive training. I am so proud to be a product of this Institute

Ram

I am doing this course to enhance my accounting skills and to have a better career in this domain. it is providing me with the course which will help me to have all the necessary knowledge with the well-qualified faculties.

Ramu

I found this course very interesting, it is giving me practical exposure to the accounting concepts. This course would surely give me edge in accounting domain and would be very beneficial for future perspective.

Ramesh