Course Overview

What is the Online Financial and Managerial Accounting Associate (FMAA) Certification?

The Financial and Managerial Accounting Associate (FMAA) is an entry-level IMA certification that validates core financial and managerial accounting skills for global careers.

By the end of this course, you will be able to

  • Explain and apply fundamental financial and managerial accounting concepts in real business scenarios.
  • Prepare confidently for the official IMA FMAA exam with structured, exam-focused guidance.
  • Interpret financial statements, budgets and cost data to support entry-level finance decisions.
View Syllabus

Course Snapshot

  • Mode: 100% Online (Live Virtual + Self-Paced)
  • Level: Beginner
  • Ideal for: Students, fresh graduates, junior accountants, career changers and business owners
  • Certification: Financial and Managerial Accounting Associate (FMAA) from IMA

Upcoming Batches

Weekend (Global)
Fast-track / Crash Course

Is this for you?

Is this Online FMAA Program Right for You?

This programme is ideal if you see yourself starting or shifting into accounting and finance roles in global markets.

  • University students from any stream aiming for a global accounting or finance career.
  • Fresh graduates who want a recognised entry-level credential to stand out to employers.
  • Junior accountants or accounts assistants seeking structured knowledge and an international qualification.
  • Professionals in non-finance roles such as operations, HR, sales, admin or IT who must understand financial statements and budgeting.
  • Career changers moving into accounting, FP&A, business analysis or corporate finance.
  • Entrepreneurs and small business owners who want to interpret financial reports and control costs confidently.
  • Management trainees or aspiring finance leaders preparing for advanced certifications like CMA or CPA.
  • Global mobility seekers planning to work or study in markets such as the US, UK, Canada, Australia or Europe and needing proof of accounting fundamentals.

Eligibility & prerequisites

The FMAA pathway is intentionally beginner-friendly and accessible to students and professionals from any academic background.

  • Educational background: Open to students and graduates from any stream, including commerce and non-commerce.
  • Work experience: No prior accounting or finance experience is required to enrol or sit for the exam.
  • Exam body rules: Follows the official IMA eligibility and conduct guidelines for the Financial and Managerial Accounting Associate certification.

Curriculum

What Topics are Covered in the Online FMAA Syllabus?

Comprehensive coverage of Financial and Managerial Accounting Associate (FMAA) Course topics and exam domains.

Module 1
General Accounting and Financial Management (25%)

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  • Purpose and role of accounting in business.
  • Types of financial statements and users of financial information.
  • Fundamental accounting concepts and principles.
  • Double-entry system and the accounting cycle.
  • Journals, ledgers and trial balance.
  • Accruals, deferrals and adjustments.
  • Cash versus accrual basis of accounting.
  • Basics of financial management and time value of money.
  • Working capital and liquidity fundamentals.
  • Overview of short-term and long-term financing.

Module 2
Financial Statement Preparation and Analysis (25%)

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  • Structure and components of the balance sheet.
  • Income statement, cash flow statement and statement of changes in equity.
  • Steps in preparing basic financial statements.
  • Revenue and expense recognition.
  • Depreciation and amortization basics.
  • Inventory and cost of goods sold.
  • Horizontal and vertical analysis of financial statements.
  • Ratio analysis including liquidity, profitability, efficiency and leverage ratios.
  • Interpreting financial performance and financial position.
  • Using financial statements for business decision-making.

Module 3
Planning and Budgeting (20%)

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  • Role of planning and budgeting in organisations.
  • Operating, cash and basic capital budgets.
  • Top-down versus bottom-up budgeting approaches.
  • The budgeting process and forecasting basics.
  • Analysing variances between budgeted and actual results.
  • Flexible versus static budgets.
  • Responsibility centres and budget ownership.
  • Using budgets for performance evaluation and control.

Module 4
Cost Management and Performance Metrics (20%)

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  • Fixed, variable, mixed, direct and indirect costs.
  • Cost behaviour and cost-volume-profit basics.
  • Break-even analysis and contribution margin.
  • Standard costing and introductory variance concepts.
  • Cost allocation and overheads.
  • Basic product and service costing.
  • Financial and non-financial performance measures.
  • Key performance indicators for managers.
  • Linking cost information to managerial decision-making.

Module 5
Professional Ethics (10%)

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  • Importance of ethics in accounting and finance.
  • Role of trust and integrity in financial reporting.
  • Ethical responsibilities of accounting and finance professionals.
  • Core principles such as integrity, objectivity, confidentiality, competence and due care.
  • Recognising and responding to ethical dilemmas.
  • Consequences of unethical behaviour for individuals and organisations.
  • Applying ethical decision-making frameworks.
  • Overview of professional codes, including IMA’s ethical standards.

Learning outcomes by module

  • Understand how each module maps directly to the official FMAA exam content areas and weightages.
  • Identify high-weightage topics such as financial statements, planning and budgeting, and cost management.
  • Apply ethical frameworks and accounting concepts to basic business scenarios and exam-style questions.

Download full syllabus

Get the complete, updated FMAA syllabus with module-wise topics, exam domain percentages and recommended study hours.

Meet your mentors

Learn from Industry Veterans with International Experience

You will be guided by certified accounting and finance professionals with global designations, teaching experience and a strong focus on helping beginners succeed.

SS

Shyam Sarrof

CPA (USA), CMA (USA), ACA, ACMA, CS, CFA, ACTM, MBA, B.Com (H) – 22+ years exp

With over 22 years in global advisory and risk management, Shyam excels at breaking down the complexities of financial statement preparation and internal controls. He brings FMAA concepts to life using real-world business scenarios, ensuring candidates master the fundamental accounting cycle and financial management modules.

View full trainer profile →

AG

Avijit Goswami

CPA (USA), CMA (USA), FCS, FCMA, LLB, CFA, M.Com – Veteran Finance Expert

A veteran educationist with top-tier global certifications, Avijit specializes in the technical core of the FMAA—specifically planning, budgeting, and cost management. His exam-focused approach provides candidates with the conceptual depth and analytical strategies needed to tackle the 80 MCQs with confidence.

Meet all Delphi trainers →

Faculty advantage

Certified & Professional Trainers

Every instructor goes through a rigorous screening process and teaches with one clear goal: helping you master fundamentals and clear the FMAA exam.

  • Globally recognised certifications such as CMA, CPA and ACCA.
  • Exam-oriented teaching aligned with the IMA FMAA blueprint.
  • Strong track record of supporting beginners and non-finance backgrounds.

Exam & certification

How the FMAA Certification Exam Works

Understand the structure, format and global delivery options for the Financial and Managerial Accounting Associate (FMAA) exam.

Exam pattern

  • Exam type: Computer-based test with single-best-answer multiple-choice questions.
  • Duration: 2 hours total testing time.
  • Questions: 80 MCQs covering all five FMAA content areas.
  • Scoring: IMA uses a scaled scoring system, and we guide you on target mock scores to stay above the passing threshold.

Exam windows

  • Exam availability: Offered throughout the year via Prometric testing centres worldwide.
  • Scheduling: Flexible appointment slots subject to Prometric and IMA seat availability in your region.
  • Online-proctored options: In select regions, IMA may provide remote testing; our team updates you on the latest options.

Certification & recognition

Upon successfully clearing the exam, you will be awarded the Financial and Managerial Accounting Associate (FMAA) certification from Institute of Management Accountants (IMA).

  • Issued by: Institute of Management Accountants (IMA).
  • Recognised in: Global markets including North America, Europe, Middle East, Africa and Asia-Pacific.
  • Validity: Certification validity and maintenance as per current IMA policies.

Please refer to the official IMA website for the latest updates on exam structure, delivery and policies.