certified management accounting practitioner
Training and Examination Fee


PhP 3,000

per Level


PhP 4,000

per Level


CMAP Level 1

associate financial planner
Associate Financial Planner

CMAP Level 2

associate management accountant
Associate Management Accountant

CMAP Level 3

certified management accounting practitioner
Certified Management Accounting Practitioner

This professional title signifies the competence of the professional accountant to join the executive management team of the organization. It covers the areas of planning and control directly related to profit management such as profit planning, short-term budgeting, performance evaluation, and special operating decisions. It further includes pricing strategies and strategic management accounting techniques.

Management is technically and critically demanding as to the quality of financial and non-financial information they need as a basis in making economic decisions. That the information provided to management must be the most developed and made available based on the data gathered and the techniques used to process them.

As management is grappled with the ever-changing landscape of the business environment and the awful uncertainties that beset it, the timing, content, coverage, and quality of information they need also adjust accordingly. To this, the professional management accountant must continuously upskill itself concerning new regulations, technologies and management philosophies to secure relevance in its services.

Benefits of CMAP
  • Entitlement to the post nominal, RMA, RPA, and CCA.
  • Designation as

— Associate Financial Planner
— Associate Management Accountant
— Certified Management Accounting Practitioner

Course Outline

Associate Financial Planner

Economic Analysis

  • Micro economic analysis

— Fundamental economic principles and the law of diminishing returns
— Demand schedule
— Supply schedule
— Economic exchange, economic cycle and government intervention
— Economic profit
— Market structure

  • Macro economic analysis

— Public welfare and national income
— Classical economics
— Keynesian economics
— Fiscal economics
— Monetary economics
— Neo-Keynesian economics

Financial Statement Analysis

  • Basic concepts in FS analysis
  • Horizontal analysis
  • Vertical analysis
  • Trend analysis
  • Financial mix ratios: Leverage ratios
  • Financial mix ratios: Profitability ratios
  • Financial mix ratios: Growth ratios
  • Financial mix ratios: Liquidity ratios

Management Accounting, Part 1

  • Management Accounting and its Environment

— Basic management concepts and functions
— Planning and controlling cycle
— Management accounting, financial management and financial accounting
— Strategic management philosophies
— Code of Conduct for Management Accountants

  • Understanding Expenses

— Expenditures, investments, and expenses
— The accounting concept of expenses
— The management concept of expenses
— The economic concept of expenses
— Variable expenses vs. Fixed expenses
— Expense segregation as to its variable or fixed components

  • Variable Costing

— Standard unit cost and the standard fixed overhead
— Inventory and profit measurement: absorption costing vs. variable costing
— Accounting for the difference in profit
— Volume variance

  • Profit Planning and Cost-Volume-Profit Analysis

— Basic assumptions in profit planning
— Breakeven point, margin of safety and operating leverage
— Sales with profit
— Profit sensitivity analysis
— Multi-product profit planning and analysis
— Indifference point and other matters

  • Short-Term Budgeting

— Basic concepts in short-term budgeting
— Forecasting, planning and budgeting
— Master budgeting
— Sales budget
— Production budget
— Materials budget
— Direct labor budget
— Factory overhead budget
— Administration, marketing, distribution expenses budget
— Budgeted statement of profit or loss
— Cash budget
— Budgeted statement of financial position
— Flexible budgeting
— Types of budgets

Associate Management Accountant

Profit Management and Control

  • Standard Costing

— Capacity, standards and standards-setting
— Direct materials costs variances
— Direct labor costs variances
— Variable factory overhead costs variances
— Fixed factory overhead costs variances
— Combined factory overhead costs variances
— Variable production cost mix and yield variances
— Sales price, mix, and yield variances

  • Responsibility Accounting

— Responsibility, authority, and accountability
— Organizational designs

  • Segment Reporting and Evaluation

— Profit center evaluation
— Investment center evaluation
— Balanced scorecard

  • Transfer Pricing

— Domestic transfer pricing
— Multinational transfer pricing

  • Special Operating Decisions

— Basic concepts and foucs points
— Product part: make or buy?
— Special sales order: accept or reject?
— Unprofitable business segment: drop or continue?
— Unprofitable business segment: temporarily shut-down or continue operations?
— Use of limited resources: Product 1 or 2?
— Completed product: sell now or process further?
— Bid price: highest or lowest?
— Old asset: retain or replace?
— Defective unit: scrap or rework?
— Indifference point analysis
— Miscellanenous special operating decisions

Code of Ethics

  • Code of Ethics Applicable to all Professional Accountants

— Fundamental Principles
— Threats to Compliance with the Fundamental Principles
— Safeguards

  • Code of Ethics Applicable to Professional Accountants in Public Practice

— Professional Appointment
— Conflict of Interests
— Second Opinions
— Fees and Other Types of Remuneration
— Marketing Professional Services
— Gifts and Hospitality
— Custody of Client Assets
— Objectivity – All Services
— Independence

Certified Management Accounting Practitioner

Strategic Management Accounting

  • Strategic Management Philosophies

— Total quality management
— Balanced scorecard
— Other emerging strategic philosophies

  • Strategic Management Accounting

— Backflush costing
— Throughput costing
— Learning curve analysis
— Activity-based costing
— Statistical control techniques
— Emerging management accounting techniques

  • Pricing Decisions

— Pricing models
— Price-settings and market variance analysis

Special Topics

  • Special Quantitative Techniques Applied in Business

— Types of forecasting
— Linear programming
— Dynamic programming
— TQM statistical controls

  • Information and Communications Systems

— Data processing modes
— File structure and management
— Databases and database management
— Communications technology

  • Project Feasibility Study

— General management study
— Engineering and technical study
— Marketing study
— Financial study
— Socio-economic study

How to Get Certified


Register for the CERTS training to gain access to learning resources such as video lectures, study notes, exercises, and assessments.
Attend the live Online Mentoring Session (OMS) as schedule to further refine your preparation.

Simulation Exam

Take the Simulation Examination (SimEx) as scheduled. It comprises of sixty (60) questions for three (3) hours. A learner must earn a rating of at least 35/60 to qualify for the Actual Examination. A learner who failed the SimEx may retake on the next schedule for a minimal fee.


Qualified candidates shall be indorsed for the CMAP examination(s) as scheduled. The examination comprises of sixty (60) questions budgeted for three (3) hours. An examinee must earn a minimum rating of 75% to pass.

Title / Certification

Candidates who passed the CMAP examination(s) may now apply for certification. The same certification may then be submitted for accreditation with the Asia Pacific Professionals Association (APPA) Foundation and other professional institutes.