Today's growing organizations operating in a dynamic and competitive environment require finance and accounting professionals to possess critical decision making skills and analytical capabilities. Management Accounting is this desired perspective which has become critical to a business enabling it to run efficiently, effectively and profitably. Companies now recognize the need to hire management accounting professionals to add value to the finance and accounting functions in their organization.
This management accounting program provides professionals with management accounting skills that are structured to help them deliver on a global platform
The Professional Diploma in Management Accounting (DMA) is an advanced professional certification designed and structured to provide finance and accounting professionals the requisite financial accounting and management decision making skills that will help them enhance the performance of their organizations thereby achieving a robust career growth. The course, while structured on the lines of global management accounting benchmarks, has been tailored to local management practices, wherever required.
The DMA, an approved program, is delivered by a judicious mix of qualified management accounting professionals with industry experience and University's own management accounting faculty to maximize the participant's learning experience.
The program also enables the students to be able to pursue and appear for professional management accounting course such as the Certified Management Accounting (CMA) program conducted by the Institute of Management Accountants, USA..
Details of topics covered in each semester are as under:
Semester 1 : Principles of Management Accounting
Topics covered include:
- Overview of key financial accounting standards and principles
- Strategic planning and budgeting
- Analysis and management of performance
- Analysis and management of costs
- Overview of internal controls mechanisms
Semester 2 –Applications of Management Accounting Principles
Topics covered include:
- Analysis of Financial Statements Analysis
- Evaluating and implementing a financing strategy
- Analysis and techniques of taking investment and operational decisions
- Overview of risk management practices
Candidates for the DMA are expected to be graduates, preferably finance and accounting majors, and having at least two years of working experience with exposure to financial and accounting functions
Students will take each semester sequentially. Their learning would be tested in a two hour exam at the end of each semester.
Length of Program
The length of the program would be 90 hours , spread across 4 months, including the duration of the exams.