Course ID
Key schedule and booking details
Length 5 Days
Location online
Fees £ 1850
Date 2026-06-29
OVERVIEW
Mastering financial management, strategic planning, performance evaluation, and internal controls is essential for business success. The CMA Part 1 course provides professionals with a deep understanding of financial reporting, budgeting, cost management, and data analytics—critical skills for driving profitability, optimizing resources, and ensuring compliance.
This course is designed for finance professionals, accountants, analysts, and business managers who want to enhance their expertise in financial decision-making and become CMA-certified. By covering both theoretical foundations and practical applications, participants will gain the knowledge to make data-driven financial decisions, improve cost efficiency, and strengthen corporate governance.
What You’ll Learn:
• Optimize planning, budgeting, and forecasting—use advanced techniques to improve financial decisionmaking.
Master external financial reporting standards—understand GAAP, IFRS, and financial statement analysis.
• Strengthen cost management and internal controls—enhance operational efficiency and reduce financial risk.
• This course is ideal for finance professionals, accountants, controllers, and aspiring CMAs looking to expand their expertise and prepare for the CMA certification exam.
OBJECTIVES
The distinctive feature of the Certified Management Accountant - Part 1 course is that it provides you with the most important skills required in the world of financial management:
• Improve financial performance through advanced strategies.
Prepare and analyze financial statements with high accuracy.
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• Comply with standards and enhance ongoing operations.
IDEAL PARTICIPANTS
Certified Management Accountant - Part 1 is ideal for:
Management accountants.
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• Financial analysts and managers.
Cost and budget managers.
• Financial controllers and chief financial officers.
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• Internal auditors and business consultants.
OUTLINE
Financial statements are the backbone of corporate decision-making. Today, we focus on understanding, analyzing, and applying financial reporting standards.
• Balance Sheet
Types & Purpose of Financial Statements:
• Income Statement
• Statement of Changes in Equity
• Statement of Cash Flows
• Consolidated Financial Statements
• Integrated Reporting Framework
• Limitations of Financial Statements – What they do and don’t reveal.
• Understanding Asset & Liability Valuation Methods – The impact on financial health.
• Equity Transactions & Their Effect on Capital & Revenue – Stock issuance, buybacks, and retained earnings.
• Revenue Recognition Principles – When and how revenue is recorded.
• Measuring Income, Gains & Losses – Strategies for accurate financial reporting.
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• GAAP vs. IFRS Standards – Key differences and global accounting implications.
DAY 2
Financial planning is the foundation of business success. Today, we explore budgeting techniques, forecasting models, and profit planning strategies.
• Budgeting Fundamentals & Key Terms – The role of budgets in financial control.
Strategic Planning Process & Success Factors – Aligning financial goals with business objectives.
• Understanding Forecasting Techniques:
• Regression Analysis
• Learning Curve Analysis
• Expected Value Forecasting
• Budgeting Methods & Their Applications:
• Annual Business Plans
• Project Budgeting
• Activity-Based Budgeting (ABB)
• Zero-Based Budgeting (ZBB)
• Continuous & Flexible Budgeting
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• Annual Profit Planning & Supporting Schedules – Forecasting financial performance.
DAY 3
How do you measure business success? Today, we focus on performance evaluation techniques, responsibility centers, and key financial metrics.
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• Comparing Actual vs. Planned Results
Cost & Variance Analysis Techniques:
• Using Flexible Budgets for Performance Analysis
• Standard Cost Systems & Variance Expectations
• Understanding Responsibility Centers:
• Cost Centers, Profit Centers, Investment Centers
• Methods for Measuring Performance:
• Product Profitability Analysis
• Business Unit Profitability
• Customer Profitability Analysis
• Return on Investment (ROI) & Residual Income
• Key Performance Indicators (KPIs) & The Balanced Scorecard
DAY 4
Cost control directly impacts profitability. Today, we explore costing systems, overhead management, and process improvement techniques.
Types of Costs & Cost Behavior:
• Fixed, Variable, Direct, Indirect, and Opportunity Costs
• Costing Systems & Applications:
• Job Order Costing
• Activity-Based Costing (ABC)
• Life-Cycle Costing
• Overhead Cost Analysis & Allocation – Understanding cost components.
• Supply Chain & Resource Optimization – Managing costs beyond production.
• Continuous Process Improvement Strategies – Using cost analysis for operational efficiency.
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• Best Practices for Business Process Improvement – Identifying and eliminating inefficiencies.
DAY 5
Ensuring financial integrity, security, and efficiency is essential in modern business. Today, we explore risk management, automation, and data analytics in finance.
• Fraud Prevention & Compliance Standards
Understanding Internal Controls & Risk Assessment:
• Methods for Testing Internal Controls
• Exploring Financial System Security Measures:
• General Accounting System Controls
• Application & Transaction Controls
• Technology & Backup Controls
• Financial Information Systems & Their Role:
• Accounting Information Systems (AIS)
• Enterprise Resource Planning (ERP) Systems
• Enterprise Performance Management (EPM) Systems
• Data Management Strategies:
• Policies & Procedures for Secure Data Handling
• Transitioning to Technology-Enabled Finance
• Automation in Financial Processes
• Understanding Data Analytics in Finance:
• Types of Financial Data Analytics & Tools
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• Course Recap & Final Evaluation – Reviewing key concepts for CMA exam preparation.
Will I receive course materials?
Yes, high-quality documentation is provided to all delegates.
Do you issue certificates?
An accredited Certificate of Completion is awarded upon successful completion.
What are the course timings?
09:00–12:45 or 13:00–17:00.
How do I register and pay?
Complete the registration form on the course page and select your preferred payment method.
What is your cancellation policy?
14 days from booking for a full refund or free transfer; exceptions apply on medical grounds.
Do you offer airport transfers?
Yes, airport pick-up and drop-off to/from the hotel can be arranged.
CONSULTING SERVICES
Tailored solutions for sustainable growth
At Regent Training Centre, we deliver consultancy services designed to help organisations overcome challenges and achieve sustainable growth through practical and results-driven strategies.
