IACMA Certificate

IACMA Certificate

The Overall Objective:


To qualify the participants to the highest levels in the field of management accounting to enable them to analyze the financial statements in accordance with financial reporting standards, to undertake risk management, as well as to increase their knowledge in diverse fields of management, financial accounting, cost accounting and finance.

Target Groups


This certificate is targeting specialists in administrative and financial fields, including:


  • Accountants responsible for preparing management reports
  • Accountants
  • Accountants who obtained IACPA, CPA and/or CA qualifications
  • Financial managers who need a certification of their expertise to support them in performing their administrative duties effectively and based on scientifically developed approach
  • Specialists in auditing and financial business sector
  • Financial personnel in the public sector
  • Workers in the investment and banking sectors

IACMA Curriculum Outlines:


I. Part One: “Financial and Cost Accounting”
This part consists of ten chapters grouped as follows:

1. Financial Accounting
- Chapter I: Fundamentals of Financial Accounting and Financial Reporting
- Chapter II: Accounting Operations related to Inventory Adjustments
- Chapter III: Accounting Operations related to Inventory and Non-Current Assets

2. Financial Reporting Standards
- Chapter IV: Financial Reporting Standards for the Achievement of Revenues
- Chapter V: Financial Reporting Standards for the Unification of Financial Statements

3. Cost Accounting
- Chapter VI: The Concept of Costs and Cost Terms
- Chapter VII: Introductions to Total and Variable Costs
- Chapter VIII: Costs of Command Systems, Stages, and Cost on Activity Base

4. Internal Control
- Chapter IX: Internal Control

5. Professional Ethics
- Chapter X: Professional Behavior and Ethics
* Candidates obtaining the IACPA, CPA, or CA certificates are exempted from sitting for this part.


II. Part Two: “Managerial Accounting and Financial Management”
This part consists of ten chapters grouped as follows:

1. Financial Statements Analysis
- Chapter I: Financial Statement Analysis

2. Financial Management and Investment Decisions
- Chapter II: Financial Management Nature and Objectives
- Chapter III: Funding Sources for Financial Institutions and Capital Structure
- Chapter IV: Capital Management
- Chapter V: Investment Decisions

3. Decisions Analysis and Risk Management
- Chapter VI: Financial Decisions Analysis and Risk Management

4. Budgeting
- Chapter VII: Preparation of Budgets

5. Decision Making
- Chapter VIII: Short- term Management Decisions

6. Financial Control
- Chapter IX: Financial Control

7. Corporate Governance
- Chapter X: Corporate Governance




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