Chartered Institute of Management Accountants

Course Outline

About the CIPA?

The CIPA® program is a Four-module program that is international in scope and recognition. It combines a variety of approaches that deliver in-depth knowledge and real-world practical experience in a time-effective model that will allow you to integrate your working experience with intensive sessions over a period of Training months. It provides candidates with the knowledge and skills required for Accounting management and consulting and with the ability to apply that knowledge in real-life Accounting management situations. The CIPA® examinations are rigorous tests of the candidate’s understanding of the course content and of the candidate’s ability to apply that knowledge.

Candidates who have completed the CIPA® curriculum and have passed the examination are eligible to receive the Chartered international Public accountant (CIPA®) designation from the Chartered Institute of certified Public Accountant -USA. The program is led by real-world practitioners and educators with exceptional credentials, extensive knowledge and breadth of experience, superb platform skills, and a willingness to share with others working in accounting consulting


• Bachelor Degree is required.

Course Duration

• 60 Hours.

Course Timings

• Weekend & Weekdays Classes.

Benefits of CIPA -

The СIРА (Chartered International Professional Accountant) program is a USA international certification program for professional accountants. The owners of CIPA designation have the right of adding the certificate’s name to their signatures, which is done in accordance with international practices.

The СIРА Certification program consists of three components: training, conducting exams and certification. Though it is not obligatory, training increases the chances of successful passing of exams. Training is conducted either in a classroom or it is self-preparation.


  • The Equity Method of Accounting for Investments
  • Consolidation of Financial Information
  • Consolidations—Subsequent to the Date of Acquisition
  • Consolidated Financial Statements and Outside Ownership
  • Consolidated Financial Statements—Intra-Entity Asset Transactions
  • Translation of Foreign Currency Financial Statements
  • Worldwide Accounting Diversity and International Standards
  • Partnerships: Termination and Liquidation
  • Accounting for State and Local Governments (Part 1)
  • Accounting and Reporting for Private Not-for-Profit Organizations
  • Accounting for Estates and Trusts


Section 1: The Auditing Profession
  • the demand for audit and other assurance services
  • the cpa profession
  • audit reports
  • professional ethics
  • legal liability

Section 2: The Audit Process
  • audit responsibilities and objectives
  • audit evidence
  • audit planning and analytical procedures
  • materiality and risk
  • section 404 audits of internal control and control risk
  • fraud auditing
  • the impact of information technology on the audit process
  • overall audit plan and audit program

Section 3: Application of the Audit Process the Sales and Collection Cycle

  • audit of the sales and collection cycle: tests of controls and substantive tests of transactions
  • audit sampling for tests of controls and substantive tests of transactions
  • completing the tests in the sales and collection cycle: accounts receivable
  • audit sampling for tests of details of balances

Section 4: Application of the Audit Process to Other Cycles

  • audit of the acquisition and payment cycle: tests of controls and substantive tests of transactions, and accounts payable
  • completing the tests in the acquisitio
  • audit of the payroll and personnel cycle
  • audit of the inventory and warehousing cycle
  • audit of the capital acquisition and repayment cycle
  • audit of cash balances

Section 5: Completing the Audit
  • completing the audit

Section 6: Other Assurance and Non Assurance Services
  • other assurance services
  • internal and governmental financial auditing and operational auditing


  • Preface
  • Legal study skills
  • Case names, citations and law report abbreviations
  • Acknowledgements
  • Table of cases
  • Table of statutes
  • Table of statutory instruments
  • Table of European and other legislation


  • The Objectives of Financial Accounting and Management Control
  • Theoretical Foundations
  • Financial Accounting Standards: Some Examples
  • How Financial Accounting Affects Management Control
  • Concluding Reflections
hussain saifee
Hussain Saifee

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