FMAA® – Financial & Managerial Accounting Associate

Master the Language of Business. Build a Career on Numbers That Matter.

The FMAA® certification is your launchpad into the world of accounting and finance. Divided into two parts, this program provides the essential skills needed to understand, interpret, and use financial information—both for external reporting and internal decision-making. Whether you’re starting your career or seeking to sharpen your foundation, FMAA equips you with the practical knowledge that powers financial success.

Part 1 – Financial Accounting

Understand the Language of Business

This first part focuses on the core principles of financial accounting—how financial data is captured, processed, and communicated to external users like investors and regulators. It lays the groundwork for interpreting and preparing accurate financial statements with confidence and clarity.

What You’ll Learn:

• The full accounting cycle: journal entries, ledgers, and closing

• Accruals, deferrals, and adjusting entries

• Revenue recognition principles and matching concept

• Preparation and analysis of financial statements

• Ethical issues in financial reporting

• Introduction to IFRS and GAAP frameworks

• Excel-based financial analysis tools

Why It Matters:

Financial accounting is the backbone of business reporting. Whether you work in finance, auditing, or consulting, this knowledge ensures your ability to communicate business performance clearly and accurately.

Part 2 – Managerial Accounting

From Numbers to Strategy

In this part, you’ll shift focus from recording the past to influencing the future. Managerial accounting gives you the tools to help businesses plan, measure, and improve performance through informed, data-driven decisions.

What You’ll Learn:

• Cost classifications and cost behavior

• Break-even and cost-volume-profit (CVP) analysis

• Budgeting techniques and forecasting models

• Standard costing and variance analysis

• Short-term decision-making using relevant costing

• Responsibility centers and performance evaluation

• Internal controls and risk management

Why It Matters:

Managerial accounting drives strategy and performance. By mastering it, you’ll contribute to operational efficiency, strategic planning, and long-term profitability—skills in demand across finance, operations, and leadership roles.

Who Should Join:

• Students and graduates pursuing careers in accounting or finance

• Professionals seeking foundational financial knowledge

• Career switchers entering the finance domain

• Entrepreneurs and business owners who want to better understand financial decision-making