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BERKELEY SCHOOL OF BUSINESS, ARTS & SCIENCES

FMAA - Financial and Managerial Accounting Associate

The Financial and Managerial Accounting Associate (FMAA) certification is offered by the Institute of Management Accountants (IMA), a leading global association dedicated to advancing the management accounting profession.

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Overview
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The Financial and Managerial Accounting Associate (FMAA) certification and training program is designed to provide participants with a robust foundation in financial and managerial accounting concepts. This program is ideal for individuals pursuing careers in finance, accounting, and business management, equipping them with the necessary skills to analyze financial data and support strategic decision-making. Introduced in November 2023, the FMAA certification provides foundational knowledge and practical skills in financial and managerial accounting, making it suitable for early-career professionals and students aiming to enhance their expertise in these areas. You can study and appear for exams in English and Arabic. To learn more about the global accounting profession and international best practices, visit the International Federation of Accountants (IFAC).

Offered by

Offered by the Institute of Management Accountants (IMA). Berkeley also offers a range of  finance certifications for aspiring professionals.

Head office

The head office is located in Montvale, New Jersey, USA.

Members

With over 140,000 members, IMA USA is a prominent professional association for management accountants worldwide. Learners can also explore our courses to find additional accounting and finance qualifications.

Vision & Mission

The Institute of Management Accountants (IMA) envisions being the leading resource for developing, certifying, connecting, and supporting the world’s best accountants and financial professionals in business. Its mission is to empower accounting and finance professionals to strengthen organizations and drive value creation through the highest standards of integrity, innovation, and expertise.

What is the eligibility?

Educational Background:

  • A high school diploma or equivalent is generally required.
  • A bachelor's degree in accounting, finance, or a related field is preferred but not mandatory.

Professional Experience:

  • No prior work experience is required, making it suitable for students, entry-level professionals, or those transitioning into finance and accounting roles.

Basic Knowledge:

  • Familiarity with fundamental accounting concepts and financial statements is recommended.
Who can do?
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anyone who is interested to learn about following concepts can pursue FMAA - Financial and Managerial Accounting Associate:
Accounting terminology and definitions, Recording business transactions, Types and elements of financial statements, Internal controls, Managing a company’s daily finances, Recognition and valuation in financial statements, Basic financial statement analysis, Financial statement ratio analysis, Budgeting concepts, Budgeting methodologies, Annual operating plan and supporting schedules, Cost measurement concepts, Variable and fixed overhead expenses, Cost and variance measures, Performance measurement, Cost information for decision making, Business ethics, Ethical considerations for accountants in business.
individuals with the following designations:
Junior accountants, Accounting associate, Financial Analysts, Controllers, Cost Accountants, Finance Managers, Corporate Finance Professionals, Internal Auditors, Accounting Consultants, Strategic Planners, Entrepreneurs and Business Owners, Students, Those transitioning into finance and accounting roles.

Course structure

The content specification outlines presented below represent the body of knowledge that will be covered in the Financial & Managerial Accounting Associate (FMAA) examination. The outlines may be changed in the future when new subject matter becomes part of the common body of knowledge. The content specification outlines serve several purposes. They are intended to: 

• Establish the foundation from which each examination will be developed. 

• Provide a basis for consistent coverage on each examination. 

• Communicate to interested parties more detail as to the content of each examination part. 

• Assist candidates in their preparation for each examination. 

• Provide information to those who offer courses designed to aid candidates in preparing for the examinations.

Financial and Managerial Accounting Associate (FMAA)

Included

General Accounting and Financial Management (25%)

Included

Financial Statement Preparation and Analysis (25%)

Included

Planning and Budgeting (20%)

Included

Cost Management and Performance Metrics (20%)

Included

Professional Ethics (10%)

Lecture plan

Financial and Managerial Accounting Associate (FMAA)

Learning Methodology

Berkeley offers expertly developed learning materials tailored to meet participants' needs, ensuring comprehensive coverage of the syllabus and optimal exam preparation.

‣ Tailored Material: Guides are designed to cover the entire syllabus, offering full preparation and deep understanding.

‣ In-Depth Content: Unlike superficial outlines, our materials provide fully developed theories and concepts, equipping participants with complete knowledge.

‣ Strategic Study: We help participants prioritize study time by indicating the weight of each topic, allowing efficient focus on crucial areas.

‣ Difficulty Levels: Topics are labeled as "Awareness" or "Proficiency," guiding participants to allocate time based on the required depth of knowledge.

‣ Comprehensive Coverage: Our materials include detailed theory and a glossary of technical terms to clarify complex concepts.

‣ Effective Learning Techniques: Visual aids and memorization techniques ensure long-lasting retention, helping candidates succeed.

Berkeley’s methodologies equip participants with the essential knowledge and tools for both exams and future success. Continue your professional development by exploring our School of Business for globally recognized accounting and finance programs.

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Lectures

Our lecture plan integrates structured learning with interactive teaching methods, promoting engagement and collaboration. This approach ensures a comprehensive understanding of concepts, fostering critical thinking and practical application in real-world scenarios

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Practice Session

Practice sessions offer hands-on experience through guided exercises, enhancing skills and reinforcing knowledge. This practical approach ensures mastery of concepts, promoting confidence and competence in real-world applications

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Mock Examination

Mock examinations simulate real test conditions, providing valuable practice and assessment. This helps identify strengths and weaknesses, ensuring thorough preparation and boosting confidence for actual exams

berkeley's performance standards

Evaluates and ensure the quality of the training program and all its deliverables.  This is measured through the following indicators:
‣ Instructors' experience and style in presenting and explaining topics.
‣ Variety and balance of teaching methods (such as discussions, case studies, mock exams and videos) used in the course to ensure retention and to match the learning objectives.
‣ Level of interactivity.
‣ Feedback from program participants
‣ Full compliance with Institute standards and guidelines for preparation and study requirements and methodology.
‣ Progress reports from the training program provider.

What are the Exam Information?

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Exam Format & Duration

* Computer-Based Exam

Part/Module Exam format Exam duration
Financial and Managerial Accounting Associate (FMAA)

80 multiple-choice questions

2 hours
Exam Dates

English 2025 FMAA exam windows:

  • January
  • May
  • September

Arabic 2025 FMAA exam windows:

  • January 26 to February 3
  • May 11 to May 19
  • September 14 to September 22
Passing Criteria

All scores on the FMAA exams are expressed as scaled scores, ranging from 0 to 300, with the passing score set at 200.
Exam Locations

The FMAA exam is administered by the Institute of Management Accountants (IMA), is offered at various Prometric testing centers worldwide.

Fee Structure

Live Online

AED 7,500.00

A Great Value of Money

  • E-Book
  • Live Interactive Online Classes
  • Berkeley Flashcards
  • Lecture Sessions
  • Practice Sessions
  • Mock Examination
  • Live Teaching Support

One-to-One Coaching

AED 15,000.00

Learn at your own convenience

  • E-Book
  • Live Interactive Online/ Face to Face
  • Berkeley Flashcards
  • Lecture Sessions
  • Practice Sessions
  • Mock Examination
  • Teaching Support
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Success Stories

“As a strong advocate for education and human development, I commend Berkeley for its exceptional commitment to empowering future leaders. The institution stands as a symbol of excellence, innovation, and opportunity. Students who walk its halls are nurtured with knowledge, values, and vision—qualities that contribute to building a stronger and more prosperous future for our nation.”- H.H. Shaikh Khalifa Al Hamid

Visit our Alumni

Alumni Benefits

‣ Exclusive Networking Events: Access invitations to industry-leading events and thought-leadership gatherings featuring renowned speakers.


‣ Monthly Updates: Stay informed with a newsletter highlighting the latest research, events, and activities from the school.


‣ LinkedIn Community Access: Join the Executive Education LinkedIn group for networking and professional development opportunities.


‣ Educational Discounts: Enjoy a 20% discount on open-enrollment programs and access to workshops focused on emerging trends.


‣ Global Alumni Network: Connect with a diverse alumni community through the Berkeley School’s online network and engage in country and interest groups.

what you earn

You will get a certificate of completion, which is highly reputed and accepted by employers.

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Career Advancement

Obtain credentials that qualify you for senior roles in management accounting and finance.

Professional Development

Access resources and networking opportunities that support ongoing career growth and learning.

Increased Earning Potential

Leverage the FMAA credential from IMA to increase your earning potential and professional standing.

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FAQ: FMAA - Financial and Managerial Accounting Associate

contact us for more information or to apply for admission. Seats fill up quickly, so we encourage early registration!

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