Us. Fmaa (Financial And Managerial Accounting Associate)

US. CMA, FMAA, CSCA Updated 2024, Financial Controller, CFO, Finance Professional, Future Business Leaders

What you'll learn

Understand bookkeeping, general accounting and financial Management tasks of finance professional

Prepare and work with financial statement and grab key concepts and techniques in planning and budgeting

Insight the key cost definitions, cost optimization techniques, and performance measure in order to be effective in Cost Management and Performance Metrics

Fully equipped US. FMAA candidates with sufficient knowledge, tools, models, and concepts to pass the exam with ideal score

Requirements

No required experience and professional education

Description

The Financial and Managerial Accounting Associate (FMAA)FMAA is a foundational certification designed to equip early-career professionals with essential accounting and finance knowledge and skills. FMAA was introduced by IMA (Institute of Management Accountants) in November 2023 and marks a significant addition to the accounting and finance sector.Who should consider getting the FMAA certification?The FMAA certification is an excellent starting point for individuals beginning their careers in accounting and finance. It provides a straightforward and effective way for those looking to demonstrate their business knowledge and make a strong impression on potential or current employers. Individuals who have management positions outside of accounting or finance may find that the skills covered in FMAA will help them gain the needed accounting and finance skills to take the next step in their career into higher levels of management.What is tested on the FMAA exam?Candidates will be evaluated on five key areas in the FMAA exam, ensuring a comprehensive understanding of crucial accounting and finance concepts:25% General Accounting and Financial Management25% Financial Statement Preparation and Analysis20% Planning and Budgeting20% Cost Management and Performance Metrics10% Professional EthicsWhat is the FMAA exam format?The two-hour exam consists of 80 multiple-choice questions. The examination structure is designed to assess a candidate's proficiency in the core areas of accounting and finance.It is recommended that candidates allocate approximately 75 hours to prepare for the FMAA exam.Registration for the FMAA exam will open in January 2024, with the first testing window scheduled for March 2024. The exams will be conducted globally at Prometric testing centers.The course of US. FMAA (Financial and Managerial Accounting Associate) on the online learning platform of Udemy will help students fully equip the necessary knowledge to participate and pass the exam with an ideal score (8.4/10).

Overview

Section 1: Introduction to FMAA Program and Exam taking strategies

Lecture 1 IMA Institution

Section 2: A: General Accounting and Financial Management 25%

Lecture 2 FMAA. A.1 Accounting terminology and definitions

Lecture 3 FMAA. A.2 Recording business transactions

Lecture 4 FMAA. A.3 Types and elements of financial statements 2

Lecture 5 FMAA. A.3 Types and elements of financial statements 3

Lecture 6 FMAA. A.3 Types and elements of financial statements 4

Section 3: B. Financial Statement Preparation and Analysis 25%

Lecture 7 FMAA. B.1 Recognition and valuation in financial statements 1

Lecture 8 FMAA. B.1 Recognition and valuation in financial statements 2

Lecture 9 FMAA. B.1 Practice Question - MCQ 1

Lecture 10 FMAA. B.2 Financial Statement Analysis - 1

Lecture 11 FMAA. B.2 Financial Statement Analysis - 2

Lecture 12 FMAA. B.2 Financial Statement Analysis - 3

Lecture 13 FMAA. B.2 Financial Statement Analysis - 4

Lecture 14 FMAA. B.2 Financial Statement Analysis - 5

Lecture 15 FMAA. B.2 Financial Statement Analysis - 6

Lecture 16 FMAA. B.2 Financial Statement Analysis - 7

Lecture 17 FMAA. B.2 Practice Question - MCQ 1

FMAA candidate, CMA candidate, Management Accounting, Finance Professional, Future business leaders.