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Management Accounting

Overview

Why Should I pursue the CMA Certification?

Globalization and standardization, combined with more stringent financial reporting requirements, have resulted in a continuum of change in the practice, rules, regulations, ethics, and execution of managerial accounting and financial strategy in all areas of an organization. Over the past several years, the role of management accountants and financial managers has evolved significantly. Today's managerial finance and accounting professionals are internal consultants and business analysts. They work on cross-functional teams and are involved in strategic decisions. They are active business partners .

Duke's Certified Management Accountant (CMA) Certification Program addresses the needs of managerial finance and accounting professionals as they meet the challenges of the new corporate accounting environment. IMA has recently updated the CMA Program's "body of knowledge" to reflect the variety of relevant business skills and abilities - including analyzing, managing, and evaluating business solutions - that professionals must possess to effectively contribute to the strategic success of an organization today.

By preparing for and achieving IMA's CMA designation, you:

• Join an elite group of professionals who have advanced beyond the practical accounting skill set into operations-focused strategists and decision makers who deploy evaluation, critical thinking, and judgment to help their corporations succeed.
• Confirm your broad business competency and mastery of management-level skills required to maximize value and build quality financial practices into your organization.
• Better position yourself for career advancement and greater earning power : Salary surveys have shown that a certified professional earns approximately 22% more than a noncertified professional ( Source : Strategic Finance, June 2004) .
• Demonstrate your commitment to continued professional development and to upholding the highest level of professional ethical standards .

Achieve a Valuable Professional Edge. In today's business marketplace, increasingly rigorous financial reporting standards and regulations require managerial finance and accounting professionals to be experts in cutting edge industry practices. The Institute of Management Accountants' (IMA) Certified Management Accountant (CMA) Program prepares you for that challenge, helping you advance beyond the practical accounting skill set and evolve into a strategic business partner.

Professionals who have earned IMA's CMA designation are relied upon by businesses around the world not only for accounting, financial, and information management, but for the kind of strategic planning and management necessary to successfully position a company in the changing world of global business.

Why choose the Duke Program?

Duke has elected to use the IMA's new CMA Learning System. This program of study materials delivers a comprehensive, customized learning experience in four convenient courses mirroring the four exam parts of the CMA Program . This instructor-led course is a professional development and CMA Exam preparation program.

Each of the four courses of the CMA Learning System begins with a unique, online self-assessment readiness tool and combines printed study materials with online, interactive testing and classroom sessions to deliver a comprehensive and customized learning experience in management accounting.

• A pre-test assesses your current level of knowledge so you can focus on areas that require improvement.
• Over 1,300 pages of printed material organized into four parts represent the complete newly revised body of knowledge encompassed in the CMA Exam.
• More than 1,200 questions and online application exercises measure your comprehension of concepts and calculations.
• Immediate feedback to online test questions, correct answer rationale and calculation hints work together to provide an interactive learning experience.
• A post-test gauges knowledge gained.
• A glossary of terms provides maximum study flexibility.
• Easily accessed reporting tracks your progress and learning gains.
• Qualified instructors reinforce key points and keep you on track for success.
• A peer network is developed while you learn in a group environment.
• A certificate of course completion from Duke University.