About this course
FMAA Certification Exam
The FMAA Exam has five sections in the ICMA’s Learning Outcome Statements:1
A. General Accounting and Financial Management: 25%
B. Financial Statement Preparation and Analysis: 25%
C. Planning and Budgeting: 20%
D. Cost Management and Performance Metrics: 20%
E. Professional Ethics: 10%
The Learning Outcome Statements (LOS) for the exam is available to download on the IMA’s website at www.imanet.org.
The FMAA exam comprises 80 multiple-choice questions to be completed in a two-hour session. The examination structure is designed to assess a candidate's proficiency in the core areas of accounting and finance
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Introduction to the FMAA Certification Exam
Study Unit 1: A.1. Accounting Terminology and Definitions
Study Unit 2: A.2. Recording Business Transactions
Study Unit 3: A.2. Debits, Credits, and T-Accounts
Study Unit 4: A.2. Example: Transactions for a New Business
Study Unit 5: A.2. The Unadjusted Trial Balance
Study Unit 6: A.2. Comprehensive Income
Study Unit 7: A.2. Subsidiary Ledger Accounts
Study Unit 8: A.2. Example: Revenue and Expense Transactions
Study Unit 9: A.2. Other Transactions with Examples
Study Unit 10: A.2. Adjusting Entries
Study Unit 11: A.2. Example: Adjusting Entries
Study Unit 12: A.2. Performing the Year-End Close With Example
Study Unit 13: A.2. Review of Accounting Cycle, Reversing Entries
Study Unit 14: A.3. Types and Elements of Financial Statements
Study Unit 15: A.4. Statement of Cash Flows
Study Unit 16: A.4. Internal Controls
Study Unit 17: A.5. Managing a Company’s Daily Finances
Study Unit 18: A.5. Cash Management
Study Unit 19: A.5. Accounts Receivable and Payable Management
Study Unit 20: A.5. Inventory Management
