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FMAA: Financial and Managerial Accounting Associate · review course

FMAA-01 · Professional qualifications

CertiFi's review course for IMA's Financial and Managerial Accounting Associate (FMAA) exam, built around the current FMAA Content Specification Outline (effective 1 March 2024). Twelve lessons cover general accounting and financial management, financial statement preparation and analysis, planning and budgeting, cost management and performance metrics, and professional ethics, with a large bank of original practice questions and a final CertiFi review exam.

Who it's for

Students, graduates and early-career finance and accounting staff preparing for the IMA FMAA exam, including those planning to progress to the CMA.

What you'll be able to do

  • Record transactions through the full accounting cycle and explain how the four financial statements and internal controls fit together
  • Apply recognition and valuation rules for receivables, inventory, fixed assets, revenue and equity, and analyse statements with common-size analysis and ratios
  • Prepare master, flexible and rolling budgets, including production, materials, labour, overhead and cash budgets
  • Measure and control costs using cost behaviour, overhead rates, standard costing variances, ROI and residual income
  • Use CVP analysis and relevant costs to support short-term decisions
  • Apply the IMA Statement of Ethical Professional Practice and the fraud triangle to workplace scenarios

Lessons

  1. 1The FMAA exam and accounting foundations5 min video
  2. 2Recording business transactions and the accounting cycle5 min video
  3. 3Financial statements and internal controls6 min video
  4. 4Managing a company's daily finances5 min video
  5. 5Recognition and valuation5 min video
  6. 6Financial statement and ratio analysis5 min video
  7. 7Budgeting concepts and methodologies5 min video
  8. 8The annual operating plan and supporting schedules5 min video
  9. 9Cost measurement concepts and overhead5 min video
  10. 10Variances and performance measurement5 min video
  11. 11Cost information for decision making5 min video
  12. 12Professional ethics5 min video