Financial and Managerial Accounting Associate (FMAA)

The FMAA certification, offered by IMA, provides foundational knowledge and practical skills in financial and managerial accounting, allowing professionals early in their careers to showcase their expertise to employers and build a foundation to expand their skills. 

Our FMAA program curriculum is meticulously designed to provide a thorough understanding and practical application of accounting principles. By completing this program, you will gain proficiency in analyzing financial data, interpreting reports, and making informed business decisions, helping you gain confidence in foundational accounting and finance topics to enter the workforce.

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    Demonstrate globally relevant skillset

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    Gain confidence to enter the workforce

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    Become a certified professional early in your career

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    Enhance your value to your employer

Kaplan's FMAA training features


48+ hours of intensive training with practice tests and mock exams


Full-time CMA certified trainers with years of industry experience


Study with IMA trusted study materials - Gleim


Flexible online learning with weekend classes


Get support through online Learning Management System and study resources


Unparalleled tutor and admin support to excel in the FMAA journey


Who is it for?

This program is designed to provide fundamental knowledge about business and finance. It is suitable for high school graduates and university students who are pursuing an associate or bachelor’s degree in accounting or business. In addition, it could also benefit employees who are in the early stages of their accounting and management careers, as well as working professionals from non-finance backgrounds who wish to gain an understanding of the basics of financial and managerial accounting.


  • No prerequisites or formal requirements to becoming an FMAA

Program Outline

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

Exam Format

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