Have Queries? Talk to our US CMA Coaching Career Counsellor
for more Guidance on Next Batch, US CMA Coaching Fees etc.
Best US CMA Part 1 Coaching Institute in Chennai
4503 Ratings | Read Reviews
★★★★★ 4.5/5
- Industry Experts as Trainers
- Practical Teaching
- Rigorous Exam Preparation
- Affordable Fees
- Flexible Study Modes
- Top Quality Study Material
Prepare and Clear the US CMA Part 1 – one of the highest level of certification in management accounting by Institute of Management Accountants (IMA). Enroll with NESTO Institute in T.Nagar, Chennai. Clear US CMA Part 1 Exam with Confidence in 1st Attempt. Gain valuable insights from our US CMA Part 1 Faculty and orientation from US CMA Part 1 Alumni. Register for a FREE Counselling Session. Call +91 9884565013
Reviews
Student Testimonials
My confidence in clearing the IPCC Exams was really high as the coaching was great. The group discussions happen in the classes cleared lot of doubts we have and we could learn from other students. The level of detail taught here is amazing.
Vedhavalli SIPCC, West Mambalam
During the COVID Pandemic, I joined their CA ACS online courses in T.Nagar, Chennai branch. Though I had doubts on the online mode of learning, they conducted as if it was an in-person course. I sincerely thank all the faculty members over there.
Palanivel ThiagarajanIPCC, Ashok Nagar
The Faculties are knowledgeable fundamentals and in ICAI Syllabus which is very important from an exam point of view. They also cover practical aspect of these subjects. NESTO is indeed the best CA ACS Coaching institute in T.Nagar, Chennai.
Varshini IPCCThiruvanmiyur
Today, who I am is all because of NESTO CA Institute in T.Nagar, Chennai. The head of the institute and all faculty members never say no to any doubts. Also they coach students until they clear exams. This is something I never heard of with other institutes.
Vinodh SoundararajanCA, Velachery
Previous
Next
Course Highlights
Course Highlights and join NESTO US CMA Part 1 COACHING in T.Nagar, Chennai
- Infusing knowledge about the fundamentals of all the concepts and standard levels
- Practice tests and feedback to bring up the students to the requisite level
- Online and offline mock test
- Motivational and guidance sessions that instills a winning attitude
- Both Offline and Online classes available
- Customized coaching according to the capabilities of the student
- Unlimited classes till they clear the exam
Upcoming Batches
Classroom Training – US CMA Part 1 Coaching
- Get trained by Industry Experts via Classroom Training at our US CMA Part 1 Coaching Center in T.Nagar, Chennai
- Jump Start your Career by taking the US CMA Part 1 Coaching Early on
Instructor-Led Online – US CMA Part 1 Coaching
- Take-up Instructor-led Live Online Training. Get the Recorded Videos of each session.
- Learn from the Comfort of your Home and stay track to clear US CMA Part 1 Exam
US CMA Part 1 EXAM Pattern (Syllabus)
Part-1 Syllabus: Financial planning, Performance and Analytics
- External Financial Reporting Decisions (15%)
- Planning, Budgeting and Forecasting (20%)
- Performance Management (20%)
- Cost Management (15%)
- Internal Controls (15%)
- Technology and Analytics (15%)
A. External Financial Reporting Decisions
Financial statements
- Balance sheet
- Income statement
- Statement of changes in equity
- Statement of cash flows
- Integrated reporting
Recognition, measurement, valuation, and disclosure
- Asset valuation
- Valuation of liabilities
- Equity transactions
- Revenue recognition
- Income measurement
- Divergence between U.S. GAAP and IFRS
After covering financial statements and cash flows. A candidate should identify the needs of the financial statements, major components and classifications of each of the same, merits and demerits of them along with their effects. One can also demonstrate an understanding of the requirements of each of the statement, the relationship between the statements and the preparation of the same.
After covering recognition, measurement, valuation and disclosure. A candidate should identify the related issues to the valuation, distinguish between finance leases and operating, identify transactions affecting capital, differences between GAAP and IFRS and many more.
This is a straightforward section, and maximum questions in this section should be computational.
B. Planning, Budgeting, and Forecasting
Strategic planning
- Understanding the factors affecting strategy both external and internal factors
- Long-term mission and goals
- Alignment of tactics with long-term strategic goals
- Strategic planning models and analytical techniques
- Characteristics of a successful strategic planning process
Budgeting concepts
- Operations and performance goals
- Characteristics of a successful budget process
- Resource allocation
- Other budgeting concepts
Forecasting techniques
- Regression analysis
- Learning curve analysis
- Expected value
Budgeting methodologies
- Annual business plans (master budgets)
- Project budgeting
- Activity-based budgeting
- Zero-based budgeting
- Continuous (rolling) budgets
- Flexible budgeting
Annual profit plan and supporting schedules
- Operational budgets
- Financial budgets
- Capital budgets
Top-level planning and analysis
- Pro forma income
- Financial statement projections
- Cash flow projections
Budgeting is the broader part of this section. A candidate is expected to calculate different items like the cost of goods sold, cost of goods manufactured, and other items here. There are a few conceptual questions, as well. This section is more in-depth than the previous one. The concepts are easy, but questions can consume length in some cases.
C. Performance Management
Cost and variance measures
- Comparison of actual to planned results
- Use of flexible budgets to analyze performance
- Management by exception
- Use of standard cost systems
- Analysis of variation from standard cost expectations
Responsibility centers and reporting segments
- Types of responsibility centers
- Transfer pricing
- Reporting of organizational segments
Performance measures
- Product profitability analysis
- Business unit profitability analysis
- Customer profitability analysis
- Return on investment
- Residual income
- Investment base issues
- Key performance indicators (KPIs)
- Balanced scorecard
In this section, applicants are analyzed on the manners in which performance is assessed in an enterprise. The vast majority of the assessment tools ought to be well-known to the individuals who work in the accounting branch of a company. There are few components, for example, standard costs, that are utilized for the most part in manufacturing companies rather than service-oriented organizations.
D. Cost Management
Measurement concepts
- Cost behavior and cost objects
- Actual and normal costs
- Standard costs
- Absorption (full) costing
- Variable (direct) costing
- Joint and by-product costing
Costing systems
- Job order costing
- Process costing
- Activity-based costing
- Life-cycle costing
Overhead costs
- Fixed and variable overhead expenses
- Plant-wide vs. departmental overhead
- Determination of allocation base
- Allocation of service department costs
Supply chain management
- Lean resource management techniques
- Enterprise resource planning (ERP)
- Theory of Constraints
- Capacity management and analysis
Business process improvement
- Value chain analysis
- Value-added concepts
- Process analysis, redesign, and standardization
- Activity-based management
- Continuous improvement concepts
- Best practice analysis
- Cost of quality analysis
- Efficient accounting processes
This section includes several costing methodologies, and candidates are expected to be able to complete an entire set of calculations.
E. Internal Controls
Governance, risk, and compliance
- Internal control structure and management philosophy
- Internal control policies for safeguarding and assurance
- Internal control risk
- Corporate governance
- External audit requirements
System controls and security measures
- General accounting system controls
- Application and transaction controls
- Network controls
- Backup controls
- Business continuity planning
The internal control questions in this area are practically all applied. They are not hard to see. However, they can be vague. Picking as well as can be expected is quite hard when a couple of the appropriate responses appear to be to some degree right. Try not to’ get frustrated on the off chance that you quickly finish this area yet find that you do ineffectively on the training questions.
F. Technology and Analytics
Information systems
- Accounting information systems
- Enterprise resource planning systems
- Enterprise performance management systems
Data governance
- Data policies and procedures
- Life cycle of data
- Controls against security breaches
Technology-enabled finance transformation
- System development life cycle
- Process automation
- Innovative applications
Data analytics
- Business intelligence
- Data mining
- Analytic tools
- Data visualization
With the rise in popularity of data analytics, IMA has taken a step to make the syllabus relevant to today’s time. Data Analytics gives finance professional a peek into possible opportunities in Data Analytics field.
US CMA Pass percentage for part 1 is 40%. Passing marks is 360 out of 500.
Trainers' Profile
Dr. Hariharan
Ex-Banker - MBA, Ph.D in Finance
Dr. Hariharan is a qualified Finance Professional with 29 years of experience in Banking and Financial Services industry. He has trained more than 10000 Bankers and helped them qualify for JAIIB and CAIIB.
He has done his engineering in 1993 and further done his post-graduation in Finance (MBA Finance). He is also a Qualified Chartered Financial Analyst and successfully defended his Doctorate in Finance.
He has presented & published research papers in international journals and his papers and presentations have been widely appreciated by academicians and industrialists.
Features
Proven Training Expertise
Learning with experts takes care of 50% of needed preparation.
Rigorous Coaching & Practice
With Practice, anything is possible. We teach and help our students to apply.
Flexible Learning Modes
Online or Offline – Whatever that works for you, we can accommodate.
Most Affordable Fees
Our fee structure is by far the most affordable and compatible, which makes us the best institute in Chennai.
Practical Curriculum
We have the most pragmatic learning curriculum that has been tuned with multiple years of research and expertise.
Interview Preparation
Beyond entrance exam preparation our faculty help students gain confidence in clearing next round of interviews.
FAQs
The US CMA (Certified Management Accountant) designation is a professional credential earned by demonstrating knowledge and expertise in financial planning, analysis, control, and decision making. The duration required to complete the US CMA designation process varies depending on the individual’s prior work experience and education. However, most candidates complete the process within 18-24 months.
There is no one-size-fits-all answer to this question, as the difficulty of the CMA exam varies depending on the individual. However, generally speaking, the CMA exam is considered to be one of the more challenging professional exams.
First, you need to have a bachelor’s degree from an accredited institution. You also need to have two years of professional experience in management accounting or financial management.
There are a few reasons why NESTO Institute is the best choice for US CMA exam coaching. First, our institute has a proven track record of helping students achieve success in the US CMA exam. Second, our instructors are highly experienced and knowledgeable in the test format and subject matter. Third, we offer a variety of learning tools and resources that can help students prepare for the exam.
Yes, our faculties at NESTO US CMA exam Coaching Institute understand and evaluate the capabilities of every student and provide customized training to help them succeed.
Students can attend the classes on both week and weekend classes and you have the option to attend either online or offline.
NESTO US CMA Exam Training Center offers result-oriented Training at one of the lowest fees.