HBS for Training & Certification Has the honor to announce its session in management

accounting for the CMA grade membership of the Institute of Certified Management Accountants – Australia

Time schedule: (7 Days)

Place: Le Gabriel Hotel- Ashrafiyeh –Lebanon Subjects: Strategic Cost Management Strategic Business Analysis

Session Fees: 1,500 USD Down Payment: of 500 USD bank deposit or transfer is necessary to consider the application. First come, first served.

From Thursday�� ��� 09 to

�������� ����� �������Thursday��������

to ����������������

From 13:00 to 20:00 p.m.

For further information

contact us:

Tel/Fax: +961 6 434 731 Mobile: +961 3 578 113E-mail:

hbs@cmamena.comWebsites:

www.cmamena.comwww.cmawebline.org

Bank details:Banque Libano-FrancaiseAccount #: 127506574 Australian School of Business and Sciences Code Swift: BLFSLBBX Tebbaneh Branch Tripoli Lebanon

Do I have to sit for exam to become a CMA?

Yes, it is one of the prerequisite to attain CMA

membership. However, if you are a qualified accountant,

and have over 20-years relevant experience you may be

exempted from having to sit exams (under ICMA’s 20-

year rule). You still have to attend and follow the CMA

program even though you don’t have to sit the exams.

Frequently Asked Questions – CMA Program

What differentiates a CMA from a CPA?A Certified Management Accountant is part of the management team, focusing on business strategy and strategic decision-making. A CMA understands the business formula for delivering value to the customer, arriving at strategies for identifying, developing, marketing and evaluating a product or service throughout the entire life cycle. He or she assesses the competitive environment and ascertains whether there is a sustainable competitive advantage. Unlike a CPA, which emphasize financial reporting, auditing, theoretical applications and after-the-fact verification, the CMA looks to the future to provide real-world strategic direction, business management and leadership. A CMA creates value, instead of just measuring it.

What are the other professional accounting bodies in Australia?The Institute of Chartered Accountants of Australia (ICAA) and CPA Australia are the two large accounting bodies in Australia. There are two smaller bodies, the National Institute of Accountants-NIA (operating at the Diploma' Accounting Technician' level) and the Institute of Certified Management Accountants-ICMA (operating at the Masters degree 'Accounting Specialist' level).The education programs of the ICMA mainly consist of a Graduate Conversion Program for non-accounting graduates, and a Certification (CMA) program for accountants. As such, whilst the NIA originated as a professional body for those holding Technical College Advanced Diplomas, and the Chartered and CPA qualifications are for undergraduate degree holders, the ICMA is a very specialized body at the post-graduate end of the profession. In fact, most members have masters’ degrees or are already qualified as a CA or CPA, and must have at least 5 years relevant professional experience.

If I have a recognized accounting qualification such as CPA, do I still have to become a GMA or AMA first?No, you may wish to undertake the CMA Program as a student, and upon completion, apply for CMA membership directly if you have over 5 years relevant experience.

Where do the courses run?Courses run in Universities (as university subjects in Masters degree programs) and via ICMA accredited Recognized Provider Institutions. Courses run in Australia, Singapore, HK, Indonesia, Malaysia, Papua New.

What do you mean by “recognized” accounting qualification?A recognized accounting qualification is either:

A. An undergraduate degree with an accounting specialization (at least 25% of the degree must be accounting and finance subjects) from an “accredited” university, or an MBA degree.

B. A professional accounting qualification from a body granted a Royal Charter or Government Charter. Most “Certified” bodies are also acceptable, however, in some countries, as the word “Certified” is not a restricted term, there are some accounting bodies using “certified” in their title that would be unacceptable to the ICMA as a recognized accounting qualification.

Do I have to sit exams to become a CMA? If you are a qualified accountant, and have over 20-years relevant experience you be exempted from having to sit for exams (under ICMA’s 20-year rule). However you still have to attend and follow the CMA course and do the assessments within it when it runs, even though you then do not then have to sit the exams. Those having between 10-20 relevant experience have a choice of sitting the 2-paper exams OR writing a 2,000 word assignment. They too have to attend and follow the CMA course and do the assessments within it when it runs.

Is the CMA qualification recognized for immigration into Australia?The Institute does not enter into correspondence as to if CMA is a recognized qualification for purposes of migration requirements to Australia. It is aware, however, that some CMAs have obtained migration to Australia on a case-by-case basis.

How do I qualify to become a CMA?If you are a qualified accountant, and have over 20-years relevant experience you be exempted from having to sit for exams (under ICMA’s 20-year rule). However you still have to attend and follow the CMA course and do the assessments within it when it runs, even though you then do not then have to sit the exams. Those having between 10-20 relevant experience have a choice of sitting the 2-paper exams OR writing a 2,000 word assignment. They too have to attend and follow the CMA course and do the assessments within it when it runs.